Step into a world of stability, transparency, and sustainable real estate investment.
At CPNREIT, we are dedicated to sustainable growth by balancing business success with our responsibility to the environment, society, and good governance (ESG).
Sustainability Highlights
Greenhouse Gas Emissions Reduction Performance
Scope 1 (Direct GHG emissions):
Scope 2 (Indirect GHG emissions):
Overall, CPNREIT achieved an 18.5% reduction in Scope 1 and Scope 2 greenhouse gas emissions compared to the 2019 base year, and a 31.6% reduction in Scope 1, Scope 2, and Scope 3 emissions.
Sustainable Building Certifications
Central Pinklao:
Central Chiangmai Airport:
Central Rama 3:
Central Rama 2:
Central Pattaya:
Central Marina:
Central Lampang:
The Ninth Towers:
Unilever House:
Green Finance
CPNREIT leverages Green Finance to reduce borrowing costs, support greenhouse gas emissions reduction, and enhance resilience to climate change.
To advance these objectives, the Company has established a Green Finance Framework
Net Zero
ambition and plans to develop guidelines for the issuance of Green Bonds to finance environmentally beneficial projects.
Sustainability Policy And Goals
CPNREIT primarily invests in real estate and real estate leasehold rights including sub-leasehold rights of high quality real estate. We operate our business with a commitment to corporate governance principles, transparency, accountability and Environmental, Social, and Governance (ESG) principles, while complying with securities and relevant laws, to drive steady and sustainable growth.
This commitment extends to our investments in shopping centers and retail-related or complimentary properties, real estate that generate benefits through rents, fees or similar revenue streams including commercial properties, office buildings, hotels and serviced apartments, and the enhancement or disposal of assets, to deliver consistent, superior returns for unitholders over the long term.
The REIT Manager takes into consideration corporate social responsibility, both directly and indirectly associated with the REIT, by adopting a broad view of social responsibility with a focus on fair business practices, anti-corruption, respect for human rights, fair labor, quality of life maintenance for people, employees, organizations across sectors and society at large and sharing and dissemination of corporate social, environmental and stakeholder responsibility innovation.
Annual Report 2024
Materiality Assessments
Economic
- 1 Economic Performance
- 2 Supply Chain Management & Work Performance of the Property Manager
- 3 Corporate Governance & Business Ethics
- 4 ESG Considerations in Products & Service
- 5 Tenant Relationships and Retention
- 6 Risk & Crisis Management
Social
- 7 Alignment with Stakeholder
- 8 Community Impact & Development and Human Rights
- 9 Human Capital Management
- 10 Cybersecurity and Data Privacy
Environmental
- 11 Energy Resource Efficiency & Circularity
- 12 Environmental Concern & Climate Change
Aligning Sustainability Strategies
With the UN Sustainable Development Goals (SDGs)
Material Topics
- Portfolio diversification
- Investing in sustainable products & services
- Remuneration setting for property managers that drives efficiency in benefit procurement
- Stable returns to the trust unitholders
- Internal control
- Risk & crisis management
- Corporate governance & business ethics
Material Topics
- Talent attraction & retention through recruiting experienced individuals with expertise for REIT management and supporting relevant knowledge development for revenue generation
- Policy influence
- Cyber security
- Alignment with stakeholders
- Human rights
Material Topics
- Sustainable supply chain management & work performance of the property managers
- Customer relationship management & tenant retention
- Management system & innovation management
- Environmental Concern & climate change
- Resource efficiency & circularity
- Community impact & development
- Product / Service quality
- Safety and hygiene
Managing The Impact On Stakeholders In The Value Chain
Stakeholder Engagement Framework
Divide stakeholders into primary and secondary groups to assess risks and direct and indirect impacts, and determine appropriate engagement platforms for the identification of material topics.
Provide avenues for stakeholder communication through both online platforms and in-person meetings, with dedicated employees responsible for carrying out this process to ensure engagement is conducted in accordance with the established procedures and on a regular basis. This includes maintaining mechanisms for receiving and responding to stakeholder suggestions and complaints, and conducting satisfaction surveys to guide improvement.
Establish strategy and process for responding to stakeholder needs and suggestions in a balanced way, based on risk management plans, to drive internal process development and improvement and ensure accuracy and transparency in disclosures.
Analysis of Stakeholders in the Value Chain
We divide our primary stakeholders into five groups: 1) unitholders (investors), 2) trustees / regulatory bodies, 3) property managers, 4) REIT manager / employees and 5) business partners; and secondary stakeholders into three groups: 1) tenants, 2) suppliers / contractors, and 3) customers and communities. Our stakeholder engagement policies and practices are put in place to uphold fair business activities and ensure that due consideration is given to all stakeholders to deliver sustainable mutual benefits, as detailed in “Section 3: The Role of Stakeholders.”
