Sustainability Report Health and Safety of Stakeholders GRI [3-3] [416-2] Maintaining a Safe Environment for All Safeguarding stakeholders’ health and safety at Perennial Holdings’ premises is fundamental to the business. Perennial Holdings’ HSC assists the Board in all its workplace health and safety matters. The Company strives to promptly eliminate all identified health and safety hazards and continuously identify any potential risks throughout its operations. Every year, the Company reviews Health, Security and Safety risks together with other sustainability risks as part of the Group’s ERM framework. The review helps to ensure that proper action plans are in place and relevant to mitigate any actual and potential health and safety risks. In addition to the Group ERM framework, Perennial Holdings has established a Health, Safety and Security (“HSS”) policy, along with a robust framework to manage activities at its operational assets with the aim of ensuring the health and safety of its employees, tenants and visitors. All stakeholders are encouraged to promptly report potential hazards or safety incidents to their immediate liaison or Customer Service Counters. After such reports are received, they are channelled to the relevant department for further investigation, if necessary. Prior to the commencement of work, all activities at Perennial Holdings’ premises are subject to rigorous checks regarding their proposed health and safety control measures. Health and safety inspections are conducted at all assets by the assets’ executives and the corporate health and safety team to monitor performance and implement applicable follow-up actions. Perennial Holdings believes that a healthy and safe environment positively contributes to the physical and mental well-being of all stakeholders. Therefore, it invests in employees’ health and safety training and mandates employee attendance for all statutory and in-house functional health and safety training. Attendance rates are monitored to ensure that all employees benefit from this initiative. For FY2023, both the Singapore and China properties have achieved their targets and continue to maintain the certifications attained. In Singapore, all CMTs continued to maintain the bizSAFE Level 3 certification. In China, Perennial Qingyang Mall in Chengdu and Perennial Jihua Mall in Foshan, continued to maintain the Work Safety Standardisation Certificate (Level 3). Operational Assets All operational assets in Singapore and their appointed contractors, vendors and service providers must at least be certified bizSAFE Level 3 to ensure their capability in implementing an effective risk management process. Perennial Holdings monitors the effectiveness of its risk management process by issuing monthly health and safety reports. These reports include leading and lagging indicators of the respective operational assets and are subject to review by the HSC. These measures have enabled all the Company’s operational assets to maintain their bizSAFE Level 3 certification in FY2023. In China, Perennial Holdings’ operations are guided by standard operating procedures (“SOPs”) on WSP including guidelines on emergency response and implementation across its properties, such as guidelines on handling situations during electricity shortages, breakdown of lifts and elevators and violence in the malls. It also details the responsibilities of relevant personnel and the course of action to be taken in such emergencies. As a result of its safety efforts, both Perennial Qingyang Mall in Chengdu and Perennial Jihua Mall in Foshan continued to maintain the Work Safety Standardisation Certificate (Level 3) in FY2023. Development Assets Perennial Holdings recognises the importance of worker health and safety at its development assets. As with its operational assets, the Company has implemented a set of strict health and safety criteria in selecting its contractors. The criteria include past health and safety performance, safety management system robustness, resources allocated to ensure the well-being of workers and health and safety implementation on site, among other requirements. Contractors who pass the screening process are mandated to establish a grievance mechanism to understand and address How does Perennial Holdings manage this? • HSS Policy for properties in Singapore • Crisis Management Standard Procedures for Singapore • Work Safety for Production (“WSP”) SOPs for properties in China • Work Safety Guidelines in healthcare facilities Who at Perennial Holdings oversees this? • Perennial Holdings’ Health and Safety Committee (“HSC”) • CMT located at each property in Singapore and China • Project managers for each development asset • Safety Officer supported by respective Safety Personnel from various departments Highlights of FY2023 • Maintenance of bizSAFE Level 3 certification for all Singapore CMTs • Maintenance of Work Safety Standardisation Certificate (Level 3) for Perennial Qingyang Mall in Chengdu and Perennial Jihua Mall in Foshan Relevant UN SDG 110 PERENNIAL HOLDINGS PRIVATE LIMITED
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