Board Statement
As the global economy and industry continues to navigate an evolving landscape of environmental responsibility, regulatory changes, and stakeholder expectations, the Board recognises that effective sustainability stewardship is integral to sound governance and long-term organisational resilience.
The Board and the Manager are committed to embedding sustainability across strategy, operations, and risk management to deliver long-term value for Unitholders and stakeholders. This commitment extends to upholding high standards of corporate governance, ethical conduct, risk management and responsible business practices, while encouraging environmental stewardship, social responsibility and diversity throughout the organisation.
Sustainability considerations have been integrated into the company’s strategic and operational decision-making, with the Manager of Elite REIT identifying and prioritising material ESG and climate-related factors that are then reviewed and approved by the Board. The Manager periodically updates the Board on sustainability matters, and the Board is able to have oversight of the effective management and ongoing performance monitoring of material ESG and climate-related factors. Risks and opportunities across short, medium, and long-term horizons are integrated into Elite REIT’s sustainability and business strategies.
The Manager is responsible for implementing Elite REIT’s sustainability strategy and ensuring that material ESG factors are effectively managed in alignment with the ISSB’s principles. This includes ongoing monitoring and managing of ESG risks and opportunities, integration of sustainability considerations into business operations and investment decisions, and regular reporting to the Board. In particular, focus is placed on investing in what endures – assets built for stability, relevance, and longterm performance.
In FY2025, Elite REIT, through its Manager, joined the United Nations Global Compact in support of the international Ten Principles of the UN Global Compact. In addition, Elite REIT ranked 16th in the 2025 Singapore Governance and Transparency Index under the REIT and Business Trust category.
As we move into FY2026 and beyond, we will continue our efforts to meet our sustainability objectives, enhance our resilience to climate and market dynamics, and remain a reliable business partner. We are committed to setting clear, measurable targets, pursuing continuous improvement, and reflecting on our performance with integrity and transparency.
Board of Directors
