Board Statement
The Board is pleased to present the 4th sustainability report for Elite REIT. The Board recognises that stewarding sustainability well is fundamental to good governance. The Board acknowledges its stewardship responsibilities for Elite REIT and is committed to building a sustainable and resilient REIT, aiming to create long-term value for our unitholders and stakeholders.
In fulfilling this commitment, the Board actively promotes excellence in corporate governance, robust risk management, diversity, ethical conduct, responsible business practices, and environmental and social stewardship.
In 2024, Elite REIT ranked 15th in the 2024 Singapore Governance and Transparency Index (“SGTI”) under the REIT and Business Trust category. This marked a significant improvement from its 40th position in 2023, with an overall score increase of 22% to 93.3, among 43 Singapore-listed REITs and business trusts assessed.
The Board has considered sustainability issues in Elite REIT’s business and strategy, determined the material ESG factors and overseen the management and monitoring of the material ESG factors. The Board, supported by the Manager, identifies and prioritises material ESG factors, including climate-related risks and opportunities across short, medium, and long-term horizons, integrating them into Elite REIT’s sustainability and business strategies. Oversight of sustainability matters is maintained through periodic updates from the Manager.
The Manager is entrusted with the continuous monitoring and management of ESG factors, ensuring they are addressed effectively and providing regular updates to the Board.
Our sustainability strategy is designed to deliver long-term value for unitholders and stakeholders by addressing the material ESG impacts, risks, and opportunities associated with Elite REIT’s portfolio. We aim to minimise negative ESG impacts, mitigate potential risks, invest in UK’s social infrastructure and living sector assets, and leverage opportunities to contribute positively to sustainable development.
We are committed to fostering strong governance, implementing effective policies and strategies, setting short-, medium-, and long-term targets, and publicly monitoring and reporting on Elite REIT’s sustainability performance.
-Board of Directors
