OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX The Company also continued its trajectory of progress by adopting its fourth UN SDG, Goal 3 (Good Health and Well-being) in FY2023, following the adoption of UN SDG Goal 13 (Climate Action) and Goal 16 (Peace, Justice, and Strong Institutions) in 2020, and UN SDG, Goal 5 (Gender Equality) in 2022. The role of healthcare is significant in the Company's operational framework, given that it owns, develops and manages healthcare assets, as well as owns, manages and operates healthcare businesses. By prioritising Good Health and Well-being, Perennial Holdings aims to enhance the quality of life for its stakeholders and contribute positively to broader societal and environmental objectives. For FY2023, we are pleased to state that nearly all our sustainability targets have been met. Perennial Business City, which attained Singapore’s Building and Construction Authority (“BCA”) Green Mark Platinum Super Low Energy 2017 certification, has been incorporated into this year’s SR reporting scope after securing its full TOP. The inclusion of Perennial Business City into the SR provides a business park dimension to the reporting and underscores the diversified portfolio of our real estate business. In Singapore, Perennial Holdings’ goal is to achieve BCA Green Building Certification for all our local development projects upon completion, thereby reaffirming our dedication to environmental stewardship. A critical operational imperative involves embedding sustainable practices throughout the developmental process. For instance, in the construction process of The Skywaters, demolition waste was managed responsibly while existing foundations and infrastructure were reused. At Golden Mile Complex, the conservation building’s key features and signature terraced profile will be sensitively restored and seamlessly blended in with the new build. These sustainable development practices underscore our commitment to sustainability and enhance social well-being and cohesion in the community. CHIJMES, an operational asset of historical and cultural significance in Singapore, is home to two of the nation's gazetted national monuments, CHIJMES Hall and Caldwell House. In FY2023, CHIJMES achieved the prestigious EarthCheck Silver Certification for sustainable destination and tourism organisations, highlighting our dedication to safeguarding the environment. For the operational assets in Singapore and China, Perennial Holdings continued with proactive measures aimed at reducing waste and carbon emissions, including the ongoing retrofitting drive towards using energy-efficient alternatives for existing or outdated fixtures. On the corporate social responsibility front, we focused on driving outreach and engagement with our communities in various ways. In Singapore, we utilised the spaces within our real estate assets to nurture community spirit, strengthen social connections and enhance overall social well-being. During Christmas, Capitol Singapore collaborated with Voices of Singapore for their members to showcase their talents on the Capitol Singapore Singing Tree at the property’s outdoor plaza. The joyous carolling sessions by the children and seniors captured many hearts with their heartwarming performances. In China, we leveraged our expertise in the healthcare sector to enhance community wellbeing and ensure the resilience and vitality of our communities throughout the year. At PIHMH Chengdu, healthcare awareness campaigns were organised for our healthcare professionals, patients and their families on topics such as Alzheimer’s disease, while home visits were conducted by the healthcare team of Tianjin HSR TOD for elderly living alone in the community in Tianjin. Additionally, at our eldercare facilities, community clinics offered regular check-ups and health education sessions to underserved individuals in the neighbourhoods. In FY2023, Perennial Holdings’ staff dedicated more than 1,265 volunteer hours to serving communities in Singapore and China. For instance, our Singapore employees uplifted the spirits of seniors at Vanguard Senior Care (Senja Centre) by sharing quality time with them in an afternoon filled with interaction and arts and crafts activities during the Mid-Autumn Festival period. Such staff volunteerism benefits the communities being served and contributes to the holistic development and satisfaction of employees. Perennial Holdings is dedicated to enhancing our governance structure, promoting sustainable business practices, and driving value creation. As part of our sustainability strategy, we have established a culture of strong corporate governance, ensuring high levels of discipline, conduct and ethical standards. DRIVING PROGRESS AS WE FORGE AHEAD IN FY2024 Against the challenging macro-economic backdrop, we will continue to forge ahead with our integrated real estate and healthcare strategy. In 2024, the residential components at developments in four markets are expected to be launched for sale. These are Skywaters Residences and Golden Mile Complex in Singapore, Beijing Tongzhou TOD and Hangzhou TOD in China, Lightwater Residences in Penang, Malaysia, and Orchard Rivieria in Greater Jakarta, Indonesia. Within the year, the eldercare, medical care and hospitality components within Tianjin HSR TOD and Kunming HSR TOD, as well as PACV will progressively commence operations, thereby generating additional income streams for the Company. For development projects, we will continue to closely monitor progress, while driving performance of our operational assets to enhance operating income. In Singapore, we will proactively explore opportunistic projects with value-creation opportunities and seek out suitable sites or platforms to grow our eldercare business. In China, we will continue to leverage on the expanding HSR network to grow our healthcare-centric and commercial-centric HSR TOD portfolio. Additionally, we will actively explore collaborations with reputable medical and physician groups to enhance the depth and breadth of our healthcare offerings. We will also continue to enhance the integration and synergy of our real estate, medical care, healthcare, eldercare and hospitality businesses and capabilities, while actively exploring opportunities to replicate our integrated platform in Southeast Asia. To bolster our longer-term growth plans, we will actively explore monetisation of assets and funds syndication to capture the opportunities in the real estate, eldercare, medical care and hospitality sectors. ACKNOWLEDGEMENTS On behalf of our Board of Directors, I would like to express my gratitude to all those who have supported us despite the difficult economic circumstances. My heartfelt thanks to our shareholders, tenants, customers, bankers, business partners and media friends for their unwavering support over the past year. I also thank all Perennians for their hard work and dedication. Mr Pua Seck Guan Executive Chairman and Chief Executive Officer 29 March 2024 We will also continue to enhance the integration and synergy of our real estate, medical care, healthcare, eldercare and hospitality businesses and capabilities, while actively exploring opportunities to replicate our integrated platform in Southeast Asia. 13 ANNUAL REPORT 2023
RkJQdWJsaXNoZXIy NTM2MDQ5