OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 111 ANNUAL REPORT 2024 Energy and Emissions Performance Perennial Holdings primarily relies on purchased electricity from the grid as its main energy source for operations in Singapore and China, with a small amount of natural gas used at Perennial Qingyang Mall and the Perennial International Healthcare and Medical Hub (“PIHMH”) during the winter months. The Company is gradually incorporating renewable energy into its operations, exemplified by the installation of solar panels at Perennial Business City (“PBC”), which currently account for 20% of the building’s total electricity consumption. In FY2024, Perennial Holdings reported a total energy consumption of 52,574 MWh, with 4,049 MWh attributed to natural gas usage. This resulted in greenhouse gas (GHG) emissions amounting to 26,542 tonnes of CO2, of which 933 tonnes were Scope 1 GHG emissions. This year, PBC has been included in the calculations for both FY2023 and FY2024 to facilitate a more accurate like-for-like comparison between the two years. In FY2024, total like-for-like electricity consumption remained relatively consistent with the previous year, recorded at 52,574 MWh, representing a slight decrease of 1.1% from FY2023 figures (see Figure 6). This also led to a minor reduction in electricity intensity, decreasing from 106.6 kWh/m² in 2023 to 105.5 kWh/m² in 2024. Similarly, like-for-like Scope 2 GHG emissions1 from electricity consumption fell by 1%, from 25,784 tonnes CO2 in FY2023 to 25,609 tonnes CO2 in FY2024 (see Figure 7). Energy Intensity (kWh/m2) FY2024 52,574 3% 14% 20% 10% 9% 8% 6% 10% 14% 5% FY2023 53,135 3% 13% 20% 13% 10% 8% 5% 5% 9% 13% Figure 6: Like-for-like Comparison of Electricity Consumption and Intensity CHIJMES Chinatown Point Capitol Singapore PBC Perennial Qingyang Mall Perennial Jihua Mall Fengxian Hongqiao PIHMH Xiehe Energy Intensity (kWh/m2) 40,000 30,000 20,000 10,000 0 Electricity Consumption (MWh) 100.0 80.0 60.0 40.0 20.0 0.0 106.6 105.5 50,000 60,000 120.0 1 Indirect carbon emissions (or Scope 2 emissions) are GHG emissions from purchased or acquired electricity. Emission factors used for Singapore were derived from 2023 Singapore Energy Statistics published by the Energy Market Authority of Singapore. Emission factors used for China were derived from the Ministry of Ecology and Environment of the People’s Republic of China. Carbon Emission Intensity (kgCO2e/m2) 3% 11% 17% 10% 12% 6% 11% 25,784 FY2023 10% 15% 5% Figure 7: Carbon Emissions and Intensity 30,000 0 Scope 2 Emission (tonnes CO2e) 60.0 50.0 40.0 30.0 20.0 10.0 0.0 3% 12% 17% 7% 11% 7% 12% 25,609 FY2024 9% 17% 6% 5,000 10,000 15,000 20,000 25,000 56.1 51.4 CHIJMES Chinatown Point Capitol Singapore PBC Perennial Qingyang Mall Perennial Jihua Mall Fengxian Hongqiao PIHMH Xiehe Carbon emissions intensity (kgCO2e/m2)
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