###### SUSTAINABILITY GOVERNANCE STRUCTURE AND COMPOSITION 2-9 2-12 2-13 2-14 **2-17**\n\nTo achieve its sustainability goals, SIA has established clear lines of accountability to enable it to make effective and meaningful decisions. Under the guidance of the Board and the Management Committee (MC), SIA's Sustainability Office (SO) manages day-to-day sustainability matters and spearheads the Group's sustainability initiatives and agenda.\n\n###### Board of Directors\n\nTogether with the Senior Management, the Board is actively involved in the development of the SIA Group's sustainability strategy, framework, policies, due diligence processes, risk management, as well as target setting for the Group's sustainability and climate goals.\n\n**_Roles and Responsibilities_**\nThe Customer Experience, Technology and Sustainability Committee (CETSC) has overall oversight of the SIA Group's sustainability management across the Group's business, operations, and strategies. Key responsibilities include:\n\n- Approving the Board's sustainability statement, material ESG factors, and scope of sustainability and climate reporting,\n\n- Providing advice and guidance on the management of key risks and opportunities for the SIA Group in relation to sustainability, so that these can be taken into consideration in the development and prioritisation of business strategies.\n\nThe Board Safety and Risk Committee (BSRC) oversees the SIA Group's risk governance system to ensure that risk management processes are sound, in accordance with best practices, and in compliance with applicable corporate governance requirements. The BSRC also ensures that key risk topics are surfaced for review on a regular basis, such as operational risks arising from climate change.\n\n- Providing advice and guidance on the development of a strategic roadmap for sustainability, and\n\nThe Board Audit Committee (AC) examines the scope of internal reviews of the sustainability and climate reporting processes, in accordance with Rule 711B of the Listing Manual. This includes regulatory compliance for climate-related financial disclosures. The AC also reviews and approves internal or external assurance reports on key information disclosed in the sustainability report.\n\n--NEW-PAGE--\n\n###### SUSTAINABILITY APPROACH\n\nIn FY2023/24, the internal review was carried out with the support of an external consultant. The AC reviewed all significant audit findings reported by the appointed external consultant, recommendations made, and Management's responses thereto, as well as the implementation status of audit recommendations.\n\nThe Board Executive Committee (ExCo) sets and reviews policies, directions and guidelines on SIA Group's participation in carbon markets.\n\n**_Frequency of Meetings_**\nSIA Board Committees meet at least once every quarter, and business units will report on developments and reviews of material ESG factors under the respective purview of the Committees. Minutes of meetings are circulated to all Board of Directors after each Board Committee meeting.\n\nFor the CETSC, meetings are held quarterly to review key sustainability matters that may impact business strategies and plans. Any changes to Board statements, material ESG factors, and SIA's strategic roadmap are also reviewed and validated during these sessions.\n\nThe CETSC updates the Board twice a year on regulatory developments and progress of key sustainability initiatives. In addition, the committee also seeks alignment on material ESG factors and disclosures for sustainability and climate reporting. Similarly, the BSRC, AC, and ExCo keep the Board apprised quarterly on key developments under their respective purviews, such as risk management and audit findings.\n\nThe SIA Group acknowledges the importance for Board members to have sufficient understanding of sustainability issues to effectively discharge their duties and carry out their role of sustainability governance. In line with the updated SGX requirements for financial years beginning on or after 1 January 2022, all Directors completed their training on sustainability matters as prescribed by SGX in FY2022/23. This training widens their sustainability knowledge and keeps them abreast of the latest regulatory developments and topics related to sustainability.\n\n_Please refer to the Corporate Governance Report chapter_\n_in the FY2023/24 SIA Annual Report for more information_\n_on the Board's responsibilities, composition, and diversity,_\n_as well as the number of Board Committee meetings held_\n_during the financial year._\n\n###### Management Committee\n\nSIA's Chief Executive Officer (CEO), assisted by the MC, makes strategic proposals to the Board and oversees the execution of the Board's decisions, with oversight of the SO. The MC is also responsible for the periodic assessment of the potential and actual impact of SIA's activities on the economy, environment, and people. The MC, supported by the SO, also conducts an annual review of material ESG factors, targets and performance, as well as its initiatives, and oversees the publication of the sustainability report. The MC also updates the CETSC on significant sustainability matters.\n\nTo lead the SIA Group's sustainability agenda, Senior Vice President Corporate Planning, Ms Lee Wen Fen, was appointed as the Group's first Chief Sustainability Officer (CSO) in December 2022. Ms Lee has led various sustainability initiatives on behalf of the Group, most notably the Singapore pilot with CAAS and Temasek to study and operationalise the deployment of SAF in Singapore.\n\n###### Sustainability Steering Committee\n\nChaired by SIA's CSO, the SSC comprises Senior Vice Presidents directly involved in sustainability matters, who work together to spearhead sustainability pursuits across the SIA Group. Key responsibilities include:\n\n- Reviewing performance of material ESG factors, including performance metrics, targets, policies, processes and tracking thereof;\n\n- Developing and reviewing the SIA Group's sustainability and climate targets;\n\n- Monitoring and reporting the progress of sustainability initiatives towards achieving the SIA Group's sustainability and climate targets; and\n\n- Managing climate-related risks and opportunities for climate reporting.\n\nThe SSC, through the SO, provides updates to the MC on all sustainability matters. The committee also seeks the CETSC's guidance on the development of the Group's sustainability strategy and roadmaps.\n\n###### Sustainability Office\n\nLed by Vice President Sustainability, the SO manages dayto-day sustainability matters at SIA. Its core responsibilities include policy planning and the coordination of Groupwide sustainability efforts, engaging partners and suppliers in these efforts. In addition to its role as the secretariat for the SSC and Divisional Representatives, the SO ensures comprehensive reporting on sustainability matters to the CETSC on a quarterly basis, as well as to the Board and the MC, where necessary.\n\n###### Divisional Representatives\n\nA cross-functional team of representatives from various divisions support the SO on sustainability matters. Apart from supporting the annual sustainability reporting exercise, divisional representatives also provide regular updates on sustainability initiatives at the SSC meetings, review climate risks and opportunities, and work with the SO to address ESG gaps for regulatory compliance, among other tasks.