116 PERENNIAL HOLDINGS PRIVATE LIMITED Sustainability Report Health and Safety of Stakeholders GRI [3-3] [416-2] Maintaining a Safe Environment for All At Perennial Holdings, safeguarding the health and safety of stakeholders on its premises is fundamental to the business. The Company is committed to promptly address all identified health and safety hazards and continuously identifying potential risks throughout its operations. Since 2022, Perennial Holdings has established the Health and Safety Committee (“HSC”) to assist the Board and oversee all Workplace health and safety matters. The HSC is dedicated to driving effective on-ground implementation, especially at Perennial Holdings’ operational and development assets. Annually, the Company reviews Health, Security and Safety risks together with other sustainability risks as part of the Group’s ERM framework. This approach ensures that appropriate action plans are in place to mitigate any actual and potential health and safety risks to stakeholders. In addition to the Group ERM framework, Perennial Holdings has implemented a Workplace Safety and Health (“WSH”) policy, along with a robust framework to manage activities at its operational assets, thereby ensuring the well-being of employees, tenants and visitors. The WSH policy guides the HSC, the project management teams for development assets and the respective CMTs to ensure strict compliance with applicable local laws, standards, practices and internal objectives for health and safety. Perennial Holdings believes that a safe and healthy environment contributes to the physical and mental well-being of everyone involved. As such, all activities conducted on the Company’s premises undergo thorough checks on health and safety control measures before commencement. Regular health and safety inspections are carried out at all properties by asset executives and the corporate health and safety team to How does Perennial Holdings manage this? • ISO 45001:2018 Occupational Health and Safety Management Systems • WSH 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 Health and Safety Committee • 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 FY2024 • Implementation of ISO 45001:2018 Occupational health and safety management systems • Upgrade of bizSAFE Level 3 to bizSAFE STAR certification for all Singapore CMTs • Maintenance of Work Safety Standardisation Certificate (Level 3) for Perennial Qingyang Mall and Perennial Jihua Mall Relevant UN SDG monitor safety performance and implement any necessary follow-up actions. All relevant parties are also encouraged to promptly report potential hazards or safety incidents to their immediate supervisor or Customer Service Counters. These reports are then channelled to the appropriate department for further investigation where necessary. The Company’s commitment to health and safety allows it to continue maintaining its local safety certifications, upgrade of bizSAFE Level 3 to bizSAFE STAR and ISO 45001:2018 Occupational health and safety management systems for its properties in Singapore and China, respectively. In FY2024, there were no incidences of health and safety non-compliance at Perennial Holdings’ eldercare and healthcare properties, all of which achieved zero fatality rates. Safeguarding the Lives of the Elderly, Patients and Visitors As Perennial Holdings operates within the healthcare and eldercare services sector, the safety and well-being of all residents and patients are paramount to the Company. Perennial Holdings is proud to provide comprehensive care to residents in its three eldercare homes, which are equipped with state-of-the-art health screening technology, safety infrastructure and professional medical teams skilled in geriatric care, rehabilitation medicine, nutrition and other related healthcare disciplines. Each eldercare home employs a fourpronged approach to ensure the wellbeing of the elderly, patients and visitors within their facilities, as illustrated in the diagram beside.
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