ESR-REIT Annual Report 2024 163 • Suppliers that lack the necessary credential or found to be non-compliant to Authority Requirements are deemed to have a higher risk of causing negative impact. This includes workplace accidents and health and safety issues. We strictly adhere to the compliance requirements to ensure the well-being of our employees, suppliers and tenants. • Suppliers are recommended to use products/services following local environmental standards, such as products under Singapore Green Building Labelling Scheme (“SGLS”), Energy Star and Singapore Green Building Product (“SGBP”). Relevant teams are working together with their suppliers to align to the requirements to mitigate the environmental impacts of the goods and services. 2024 Performance: Supply Chain Management 100.0% of new suppliers underwent environment and social criteria screening During tender evaluation, we prioritise suppliers demonstrating strong environmental commitment. This year, we have screened 100.0% of new suppliers based on our environmental and social criteria. Meanwhile, existing suppliers under Repair & Maintenance services have been reviewed during our bi-annual vendor screening exercise. Our community support model encompasses structured donations aligned with community needs, in-kind contributions of resources and expertise, and partnership programs with local organisations. Employee volunteerism remains a cornerstone of our community engagement strategy, and two days of annual volunteer leave are provided for all employees. In FY2024, 97.7% of our employees have participated in at least one community activity organised by the company, reflecting strong employee commitment to community service and 568 hours of staff volunteerism. Management is in the midst of developing a Corporate Social Responsibility (“CSR”) policy in FY2025 that aligns with our organisational values and stakeholder needs, and is in accordance with ESR Group’s Community Development Policy and three Group Social Impact focus areas: Strengthening Social Resilience, Health & Wellbeing, Promoting Education & Upskilling, and Protecting the Environment. MATERIAL TOPIC: COMMUNITY Target Time Horizon 2024 Performance Achieve 500 hours or more employee volunteerism per year Perpetual Achieved 568 hours in FY2024 Impact of Community Engagement to Stakeholders We believe in meaningful community engagement, and creating lasting partnerships that benefit both the society and our business. Through collaboration with communities, government bodies and various stakeholders, we foster civic responsibility while addressing environmental and social challenges in an integrated approach to create a resilient, sustainable, and inclusive environment for all parties involved. How We Manage Community Engagement The Manager holds regular consultation with grassroots organisations to identify pressing community needs, followed by the development of targeted programmes that leverage our resources and expertise. Through strategic allocation of financial and human capital, we work to maximise positive impact across all our initiatives. This is supported by continuous monitoring and evaluation to ensure effectiveness. We receive feedback on our community programmes, which guide improvements and implementation of future programme iterations.
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