112 PERENNIAL HOLDINGS PRIVATE LIMITED Sustainability Report Water Management Water-saving measures GRI [3-3] [303-1] [303-2] [303-3] Perennial Holdings regards water as a finite resource and acknowledges the risks associated with water scarcity, particularly in water-stressed Singapore. In response, the Company proactively implements measures to ensure water efficiency in its malls and healthcare facilities. Perennial Holdings closely monitors its water usage and has installed water meters in all properties to obtain accurate consumption readings, enabling prompt responses to leaks and the identification of conservation opportunities. Furthermore, the Company installs water-efficient taps and fittings in its properties and actively educates stakeholders on the importance of water conservation. To further reduce water consumption in Singapore, Perennial Holdings utilises NEWater in its operations and replaces end-of-life water fittings with alternatives that meet the Water Efficiency Labelling Scheme (“WELS”) ticks issued by the Public Utilities Board (“PUB”), Singapore’s National Water Agency. In China, Perennial Holdings continues to implement water-saving measures, such as installing advanced water-efficient taps. At the Perennial Jihua Mall, the Company has introduced several initiatives aimed at conserving water, such as adjusting water valves in toilets, installing water monitoring meters and harvesting rainwater for irrigation purposes. At Fengxian Mall, used water is collected and treated at an on-site wastewater treatment facility before being discharged into the domestic wastewater system, thereby minimising environmental impact. For all its assets, Perennial Holdings ensures that all wastewater discharged adheres to the minimum standard and quality required by local authorities in Singapore and China. Relevant laws and regulations regarding this can be found in the “Compliance with Laws and Regulations” section below. In FY2024, Perennial Holdings reported a total water consumption2 of 687,663 cubic meters (“m3”) across its assets in Singapore and China. This year, PBC has been included in the calculations for both FY2023 and FY2024 to perform a more accurate like-for-like comparison of the two years. The total like-for-like water consumption showed an 8% increase from FY2023 figure of 636,676 m3 (see Figure 8), primarily due to new tenants with increased operations in Chinatown Point and PBC. In its Singapore assets, water consumption can be categorised into two types – municipal water, and NEWater, which is reclaimed water produced by PUB. As shown in Figure 9, 61% of water consumed in FY2024 was NEWater, while 39% was municipal water. Perennial Holdings is committed to minimising its use of freshwater in its Singapore operations by utilising NEWater whenever feasible. To ensure comparability with FY2024 data, the NEWater consumption figures for both FY2023 and FY2024, as shown in Figure 9, include PBC. However, NEWater consumption figures by Chinatown Point from October to December 2024 were unavailable at the point of reporting and is excluded in the final like-for-like comparison. In FY2024, Perennial Holdings consumed a total of 178,072 m3 of NEWater, an 11% increase from FY2023. Figure 8: Like-for-like Comparison of Water Consumption in Singapore and China Singapore 42% China 58% FY2024 687,663 m3 Singapore 43% China 57% FY2023 636,676 m3 Figure 9: Like-for-like Breakdown of Water Consumption in Singapore Municipal Water 39% NEWater 61% FY2024 290,982 m3 Municipal Water 41% NEWater 59% FY2023 270,832 m3 2 Total water consumption excludes NEWater data from Chinatown Point for October to December 2024 due to a lack of data from water bills
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