OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 121 ANNUAL REPORT 2024 Development Assets Perennial Holdings recognises the importance of health and safety at its development assets, understanding that a safe working environment is essential for promoting overall well-being and productivity, in line with SDG 3 on ensuring healthy lives and promoting well-being for all. Similar to its operational assets, the Company has established stringent health and safety criteria for selecting contractors. These criteria consider various factors, including historical health and safety performance, the effectiveness of their respective safety management systems, resources dedicated to worker well-being and the implementation of on-site health and safety measures. Contractors who are successful in the screening process are required to set up a grievance mechanism to address concerns from neighbouring residents. Additionally, a permit-to-work must be obtained by selected contractors before commencing any high-risk mechanical and electrical asset enhancement works. To minimise potential risks to the public, safety barriers and sufficient lighting are installed to improve visibility. Furthermore, qualified personnel, such as a Workplace Safety and Health (“WSH”) Coordinator, must be present on-site at all times and participate in site coordination meetings, ensuring that safety remains a top priority. To ensure that contractors prioritise health and safety in their operations and comply with the WSH SOPs, Perennial Holdings’ health and safety team conducts both scheduled and unannounced inspections at its development assets. The team also ensures that contractors effectively manage all occupational risks throughout the construction lifecycle, with particular emphasis on the planning stage. By integrating these rigorous health and safety measures, Perennial Holdings not only safeguards the well-being of its workers but also contributes to the broader objectives of promoting decent work and economic growth, as outlined in SDG 8. This holistic approach reinforces the Company’s commitment to creating a safe and healthy environment for all stakeholders involved. Hazard Identification, Risk Assessment and Incident Investigation Hazard identification and risk assessment are vital components of Perennial Holding’s health and safety management system. In FY2024, the Company conducted planned health and safety inspections across its assets. For operational assets, contractors are required to submit their method statement, risk assessment report and safe work procedures to the Company before they can receive a permit to work. All identified risks must be mitigated according to the hierarchy of control, based on the guidelines set forth in the Singapore Code of Practice for risk management. For development assets, contractors must implement a comprehensive risk management programme that includes Design-forSafety workshops, method statement risk assessment presentations and thorough reviews and audits of risk assessments. The inspections conducted by Perennial Holdings’ health and safety team include a thorough review of reporting systems for safety issues and emergencies, emergency plans and staff training procedures. Similarly, the eldercare homes in China undergo regular safety inspections and equipment maintenance. This process involves evaluating electrical units and systems, air conditioning, fire safety systems, escalators, plumbing, wastewater and sewage systems, as well as overall building maintenance. These scheduled activities ensure that all equipment and systems function efficiently and safely. Perennial Holdings fosters a culture of openness and fairness, encouraging the prompt reporting of health and safety concerns. When a work-related hazard is identified, employees will follow the SOPs, which include the noting down of their observations, including the corresponding risk ratings, in the health and safety report. Following this, thorough investigations are conducted to determine the root causes of the hazards and develop appropriate mitigation measures. The health and safety teams are committed to resolving these reports within a specified timeframe based on the risk ratings assigned to each observation. Subsequently, all reported incidents will be meticulously recorded and compiled for timely review by the HSC. This process ensures continuous improvement and proactive management of health and safety concerns. Employee Participation, Consultation and Communication on Occupational Health and Safety At Perennial Holdings, health and safety meetings held at various properties include committee and weekly coordination meetings, actively involve worker representatives to address their concerns and identify opportunities for improvement. Employees are strongly encouraged to provide feedback on health and safety issues through a dedicated email channel and are empowered to halt work if they spot potential risks. Additionally, field supervisory executives are required to conduct daily toolbox meetings to remind workers of the hazards associated with their roles. In addition to focusing on its employees, Perennial Holdings extends its health and safety engagement to contractors by organising kick-off meetings prior to the start of any project. This ensures that all safety requirements are clearly communicated and understood by everyone involved. Employee Training on Occupational Health and Safety Perennial Holdings is firmly committed to prioritising and investing in employee training to ensure that staff have the knowledge and skills necessary to identify, prevent and respond to potential hazards. A comprehensive training matrix has been established to provide a holistic experience for all employees. New hires are required to attend a WSH induction briefing as part of their orientation programme, while existing employees must participate in an extensive in-house health and safety induction training, which include post-training quizzes to evaluate their understanding. Employee attendance is mandatory for all statutory in-house functional health and safety training and attendance rates are monitored to ensure that all employees benefit from these initiatives.
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