160 STRATEGICALLY ADVANCING SUSTAINABILITY REPORT Our Workplace Safety and Health System Our WSH system operates through a structured governance framework led by a dedicated committee. This committee, chaired by the General Manager of property management, includes representatives from all departments, ensuring comprehensive oversight of our safety initiatives. The WSH committee maintains a rigorous monthly meeting schedule to review safety incidents and industry trends, analyse property-specific WSH findings, update safety protocols based on learned experiences, and monitor the effectiveness of existing safety measures. This regular cadence ensures timely identification and resolution of potential safety concerns. Stakeholder engagement remains integral to our safety management. Regular consultations with employees, feedback integration from service providers, tenant involvement in safety programs, and accessible reporting channels foster an environment where protection becomes a shared responsibility. MATERIAL TOPIC: HEALTH AND SAFETY Targets Time Horizon 2024 Performance Achieve zero Workplace Fatal Injury Rate (“WFIR”) and Major Injury Rate (“MIR”) Perpetual Achieved zero WFIR and MIR in FY2024 Conduct quarterly health and safety committee meetings Perpetual Monthly health and safety committee meetings were held to review and improve on the WSH practices Impact of Health and Safety to Stakeholders Occupational health and safety (“OHS”) represents a fundamental pillar of our organisational sustainability. The implementation of robust OHS practices creates significant positive impacts to our stakeholders across our operations. For our employees, this translates to enhanced workplace safety, reduced accident risks, and improved overall well-being. At the enterprise level, our strong safety culture leads to increased operational efficiency, minimal disruptions, and lower insurance and medical expenses. Our tenants and visitors benefit from safer building environments, while our contractors and vendors operate under clear safety protocols that protect their workers. However, we recognise potential risks inherent in property management operations, including workplace accidents, occupational illnesses, and safety incidents. To address these challenges, we have implemented comprehensive mitigation strategies and continue to enhance our safety frameworks. How We Manage Health and Safety Our approach to health and safety management centres on prevention, continuous improvement, and stakeholder engagement. The cornerstone of this strategy is our Workplace Safety and Health (“WSH”) policy framework, which extends beyond our employees to encompass vendors, tenants, and all building occupants. We implement Safety Management Systems, including a robust Permit-to-Work system, and conduct regular safety audits and inspections across all properties. Our comprehensive risk assessment and management protocols are supported by ongoing safety training and certification programs, while active stakeholder engagement ensures broad participation in safety practices.
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