110 PERENNIAL HOLDINGS PRIVATE LIMITED Sustainability Report ENVIRONMENT Guided by the Company’s Environment and Climate Change Mitigation Policy, Perennial Holdings’ Steering Committee is responsible for overseeing and managing the Company’s environmental impact and directs its various efforts and initiatives. This policy serves as a framework for employees to enhance energy efficiency and promote environmental awareness within the workplace. Perennial Holdings has consistently achieved its annual environmental targets across both its real estate and healthcare sectors. Each asset is supported by a dedicated management team responsible for monitoring energy and water consumption, conducting cost-benefit analyses, and exploring alternative solutions to improve energy efficiency. As a result of this, initiatives such as lighting retrofitting and enhanced water consumption tracking have been successfully implemented across the Company’s properties. For its real estate assets, the Asset Control Group (“ACG”) is responsible for analysing consumption data for each property. By comparing the current energy usage with historical data, the ACG identifies variances and potential data discrepancies. Monthly review meetings are conducted to discuss and address any irregularities in electricity and water consumption. This trend analysis not only assists Perennial Holdings in setting future sustainability goals but also uncovers opportunities for energy-saving initiatives. Through these comprehensive efforts, Perennial Holdings demonstrates its commitment to reducing its environmental footprint and cultivating a culture of sustainability within the organisation. Energy, GHG Emissions and Alternative Energy Sources GRI [3-3] [302-1] [302-3] [305-1] [305-2] [305-4] Perennial Holdings acknowledges the importance of reducing and mitigating negative environmental impacts and is dedicated to integrating sustainable practices, including the implementation of energy-efficient measures, throughout its portfolio. This dedication ensures responsible resource consumption and enhances resource efficiency, contributing to the fight against climate change. By addressing the needs of the present while also making a positive impact on the environment and society for future generations, Perennial Holdings aligns its efforts with the United Nations Sustainable Development Goals 12, and 13. Which topics are covered under this section • Energy, GHG Emissions and Alternative Energy Sources • Water Management What guides Perennial Holdings to manage this? • Environment and Climate Change Mitigation Policy Who at Perennial Holdings oversees this? • Sustainability Steering Committee Highlights of FY2024 • Partnered with Keppel for energy-efficient upgrades in two Chengdu assets. Targeting 20% energy savings and cutting 1,500 tonnes of CO2 annually • Maintained the EarthCheck Silver Certification for CHIJMES Relevant UN SDGs FY2024 Targets achieved ✔ Replaced LED light fittings upon end of life or as and when necessary ✔ Installed water meters at selected water outlets in all assets ✔ Obtained Green Mark Certification for new projects ✔ Maintained power meters for efficient management of energy consumption Implementation of Energy-Saving and Renewable Energy Practices across Properties In FY2024, Perennial Holdings advanced its sustainability initiatives through a strategic partnership with Keppel to implement Energy-as-a-Service (EaaS) solutions in two flagship developments in Chengdu, China. This collaboration builds upon the successful deployment of EaaS at Perennial Business City in Singapore, further demonstrating the Company’s commitment to sustainable energy practices. The developments, Perennial Qingyang Mall and Perennial International Healthcare and Medical Hub Chengdu, have completed the retrofitting and have incorporated high-efficiency and reliable energy systems, with a combined cooling capacity exceeding 11,000 refrigerant tonnes. Keppel’s EaaS solutions are projected to achieve over 20% energy savings during the 10-year contract period, reducing carbon dioxide emissions by more than 1,500 tonnes annually— equivalent to the planting of 150,000 trees. This partnership with Keppel highlights Perennial Holdings’ dedication to sustainability and aligns with its roadmap towards a more sustainable future for tenants, customers and the community. By leveraging Keppel’s expertise in innovative energy solutions, the Company aims to enhance the environmental performance of its properties and contribute to broader climate resilience efforts. This collaboration supports SDGs 12 and 13, focusing on the efficient use of natural resources and the urgent need for action to combat climate change. Building upon the successful implementation in Chengdu, Perennial Holdings aims to further improve energy efficiency across its portfolio. The Company actively engages with external partners to enhance the cooling and heating systems in other developments, including its assets in Singapore. Additionally, Perennial Holdings is exploring plans to install electric vehicle (EV) charging stations across all its properties in Singapore to support the development of new energy solutions. Notably, Perennial Business City already features 20 EV charging stations—the largest number installed in a single business park development in Singapore to-date. These initiatives align with Singapore’s Green Plan 2030, which aims to install up to 60,000 EV charging points nationwide. By expanding its EV infrastructure, Perennial Holdings contributes to the nation’s efforts to promote sustainable transportation and reduce carbon emissions.
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