Our Sustainability Journey
From reducing our carbon footprint and integrating sustainability into business activities, to strengthening governance practices, our journey is defined by purposeful milestones that create long-term value for our stakeholders and the communities we serve.
2024
Completed first quantitative climate scenario analysis to evaluate potential financial implications of climate-related risks and opportunities
Developed Supplier Code of Conduct setting expectations for ethical and sustainable practices among suppliers
Attained ISO 45001 certification for all eight commercial and hospitality properties in Singapore
First hospitality group to attain GSTC multi-site certification for all hospitality properties in Singapore and Australia
Aligned sustainability report with Sustainability Accounting Standards Board (SASB) Real Estate Sustainability Accounting Standard
Upgraded to “AAA” ESG rating by MSCI
2022
Renamed Board Audit and Risk Committee to Audit, Risk Management and Sustainability Committee (ARMSC)
Committed to decarbonisation targets to reduce 46% of Scope 1 and 2 GHG emissions for commercial and hospitality properties by 2030 against 2019 baseline
Aligned climate disclosures with Task Force on Climate-related Financial Disclosures (TCFD) recommendations
Attained ISO 14001 certification for all eight hospitality properties in Singapore
2021
Launched Sustainability Vision “Less Carbon, More Life” and UOL Sustainability Framework
Secured first SORA-based sustainability-linked loan
2020
Secured first green loan for redevelopment of Pan Pacific Orchard into a biophilic hotel
2017
Transitioned to GRI Standards and complied with SGX-ST Listing Rules (711A and 711B) and Practice Note 7.6 Sustainability Reporting Guide
Started limited independent assurance of annual sustainability reports
Started aligning sustainability initiatives with United Nations Sustainable Development Goals (SDGs)
2016
Included as a constituent of SGX’s inaugural sustainability indices, a frontrunner among listed companies in advancing sustainable development
2015
Expanded sustainability reporting scope to include hospitality business in Singapore
Attained ISO 14001 certification for all commercial properties and property development in Singapore
2014
Published UOL’s first FY2013 sustainability report, in accordance with Core requirements of GRI G4 Guidelines and GRI Construction and Real Estate Sector Disclosures
Launched Environmental Policy to integrate sustainability into business activities
2012
Identified material topics to guide sustainability strategy, practices and reporting
2011
Formed Sustainability Steering Committee (SSC) and Sustainability Working Committee (SWC)