OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 119 ANNUAL REPORT 2024 Occupational Health and Safety GRI [3-3] [403-1] [403-2] [403-3] [4034] [403-5] [403-6] [403-7] [403-9] Perennial Holdings understands the importance of creating a healthy and safe workplace for all its employees. By addressing past incidents, the Company is committed to creating an environment free from illnesses and injuries, which in turn enhances employee well-being, boosts morale and improves overall productivity. To achieve this goal, Perennial Holdings has established health and safety policies and procedures in both China and Singapore. These measures ensure strict compliance with relevant local laws, standards, practices and internal safety and health goals. The WSH policy, along with associated standard SOPs, undergo regular reviews to ensure their continued relevance and effectiveness. In China, SOPs have been specifically developed to align with local regulations. These SOPs are provided to employees through a user-friendly guidebook, which includes essential information on risk assessment, Work Safety for Production, emergency response strategies and incident reporting channels. Safe, Secure & Well at Perennial Holdings Management System Perennial Holdings believes that workplace-related injuries can be effectively prevented through a robust health and safety management programme. To this end, the Company has established and implemented a health and safety management framework in accordance with the internationally recognised ISO 45001 standard, successfully achieving ISO 45001 certification in FY2024. This health and safety system encompasses all activities at its Singapore assets and applies to all personnel working within those assets, including contractors. The health and safety team at Perennial Holdings actively monitors the performance of all assets, generating monthly reports that are presented to the HSC and management. On an annual basis, the management also conducts reviews of each asset’s health and safety performance, which will then be communicated to all employees. This practice underscores Perennial Holdings’ commitment to transparency and continuous improvement in health and safety practices, aligning with the principles of SDG 8 (Decent Work and Economic Growth) by promoting safe and secure working environments. In FY2024, both the Singapore and China properties met their targets and continue to maintain their certifications. In Singapore, all CMTs successfully maintained the bizSAFE STAR certification. In China, Perennial Qingyang Mall in Chengdu and Perennial Jihua Mall in Foshan retained their Work Safety Standardisation Certificate (Level 3). Operational Assets In Singapore, Perennial Holdings supports SDGs 3 and 8 by requiring all its operational assets and their appointed contractors, vendors and service providers to hold at least a bizSAFE Level 3 certification to demonstrate their capability in implementing an effective risk management process. Perennial Holdings monitors the effectiveness of its risk management process by generating monthly health and safety reports. These reports include leading and lagging indicators for the respective operational assets and are reviewed by the HSC. As a result of these measures, all of the Company’s operational assets successfully maintained their bizSAFE STAR certification in FY2024, reflecting a strong commitment to promoting safe and secure working environments, essential for fostering decent work and economic growth. In China, Perennial Holdings’ operations are guided by SOPs on Work Safety for Production. These SOPs encompass emergency response guidelines and implementation protocols across its properties, addressing situations such as power outages, lift breakdowns and incidents of violence in the malls. They also outline the responsibilities of relevant personnel and the appropriate courses of action to take during emergencies. As a result of these initiatives, both Perennial Qingyang Mall in Chengdu and Perennial Jihua Mall in Foshan continued to retain their Work (Safety Standardisation Certificate (Level 3) in FY2024. How does Perennial Holdings manage this? • ISO 45001:2018 Occupational health and safety management systems • WSH Policy • SOPs on Work Safety and Production in China • Work Safety Guidelines in healthcare facilities Who at Perennial Holdings oversees this? • Perennial Health and Safety Committee (“HSC”) • CMT located at each property in Singapore and China • Safety Officer supported by respective Safety Personnel from various departments Highlights of FY2024 • Obtained ISO 45001:2018 Occupational Safety and Health Management System certification and upgraded bizSAFE status from Level 3 to bizSAFE STAR • Annual fire drills and anti-terrorism drills conducted for Perennial Jihua mall • Zero fatalities Relevant UN SDG
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