OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 113 112 PERENNIAL HOLDINGS PRIVATE LIMITED ANNUAL REPORT 2025 Sustainability Report ENERGY, GHG EMISSIONS AND ALTERNATIVE ENERGY SOURCES GRI [3-3] [302-1] [302-3] [305-1] [305-2] [305-4] WHY IS THIS IMPORTANT? Perennial Holdings recognises the critical importance of reducing and mitigating the environmental impacts of its business activities. The Company remains committed to embedding sustainable practices across its operations, including the adoption of energy-efficient measures throughout its portfolio. These efforts support responsible resource consumption, enhance operational efficiency and contribute to global climate action. By addressing current needs while safeguarding environmental and societal well-being for future generations, Perennial Holdings reinforces its alignment with the UN SDGs 7, 12 and 13. Guided by the Group’s Environment and Climate Change Mitigation Policy, Perennial Holdings’ Steering Committee is responsible for overseeing and managing the Company’s environmental impact and directs its various efforts and initiatives. This policy serves as a framework for employees to enhance energy efficiency and promote environmental awareness within the workplace. Perennial Holdings’ Asset Control Group (“ACG”) is responsible for analysing consumption data for each real estate property. By comparing current energy usage with historical data, the ACG identifies variances and potential data discrepancies. Monthly review meetings are conducted to discuss and address any irregularities in electricity and water consumption. This trend analysis not only assists Perennial Holdings in setting future sustainability goals but also uncovers opportunities for energysaving initiatives. In 2025, the Company submitted its Green Mark Certification applications for new projects for final approval and is expected to obtain the BCA Green Mark Platinum (Super Low Energy) provisional award for Perennial Living in the first quarter of 2026. Through these comprehensive efforts, Perennial Holdings demonstrates its commitment to reducing its environmental footprint and cultivating a culture of sustainability within the organisation. Implementation of Energy-Saving and Renewable Energy Practices across Properties In FY2025, Perennial Holdings expanded its Keppel’s EaaS partnership and energy-efficient infrastructure upgrades to Perennial Healthcare City Tianjin, building upon the successful deployment of EaaS at Perennial Business City in Singapore, PIHMH Chengdu and Perennial What guides Perennial Holdings to manage this? • Environment and Climate Change Mitigation Policy Who at Perennial Holdings oversees this? • Sustainability Steering Committee FY2025 Targets achieved ✔ Replaced LED light fittings upon end of life or as and when necessary ✔ Maintained power meters for efficient management of energy consumption Relevant UN SDGs Qingyang Mall in Chengdu, further demonstrating the Company’s commitment to sustainable energy practices. Perennial Qingyang Mall and PIHMH Chengdu completed retrofitting to incorporate high-efficiency and reliable energy systems, with a combined cooling capacity exceeding 11,000 refrigerant tonnes. Keppel’s EaaS solutions are projected to achieve over 20% energy savings during the 10-year contract period, reducing carbon dioxide emissions by more than 1,500 tonnes annually – equivalent to planting 150,000 trees. Perennial Holdings’ strategic partnership with Keppel’s EaaS solutions and energyefficient upgrades in Perennial Healthcare City Tianjin, PIHMH Chengdu and Perennial Qingyang Mall, Chengdu achieved total savings of 2.79 million kWh. From these upgrades, surrounding cooling systems achieved an energy efficiency rate of 41.96% at PIHMH Chengdu and 30.70% at Perennial Healthcare City Tianjin. EC fan upgrades in Perennial Qingyang Mall also achieved energy savings of 85.35%. In advancement of the Company's sustainability agenda, Perennial Holdings has expanded this partnership with Keppel and recommended energyefficient infrastructure initiatives, to also include Perennial Jihua Mall, Foshan. At Perennial Jihua Mall, energy-efficiency upgrades, including the installation of valves, meters, sensors and other operational equipment were also carried out as part of the partnership. These initiatives not only reduce environmental impact and operational costs but also contribute to improving energy affordability, resilience and sustainability across the Company’s portfolio. As part of the energy-efficient retrofitting at PIHMH Chengdu, air-cooling heat pump equipments were installed, delivering an average energy-saving rate of 41.96% and reducing approximately 1.71 million kWh in FY2025. This upgrade has provided a reliable and sustainable cooling solution for the healthcare and medical hub, demonstrating how energy intensity and overall performance can be improved through the adoption of advanced, energy-efficient solutions. SPOTLIGHT: Cooling Heat Pump Installation at Perennial International Healthcare and Medical Hub Chengdu (“PIHMH Chengdu”) Installation of cooling heat pumps in PIHMH Chengdu This partnership with Keppel supports Perennial Holdings’ roadmap toward a more sustainable future for tenants, customers and the wider community. By leveraging Keppel’s smart energy capabilities, Perennial Holdings is enhancing the environmental performance of its properties and addressing climate change in alignment with SDGs 7, 12 and 13. These efforts promote cleaner energy use, reduce resource and energy waste through more efficient technologies and lower overall emissions, collectively advancing responsible consumption, affordable and clean energy and climate action across the portfolio. Building on the successful rollout of energy-efficiency measures in Chengdu, Tianjin and Foshan, Perennial Holdings is extending its efforts across its wider portfolio. The Company continues to work closely with external partners to enhance cooling and heating systems in its other developments to achieve greater operational efficiency. Perennial Holdings is also exploring the installation of electric vehicle (“EV”) charging stations across all its Singapore properties to support the adoption of cleaner mobility solutions. Notably, Perennial Business City currently hosts 20 EV charging stations, the largest number within a single business park development in Singapore to date. Other assets, such as CHIJMES and Perennial Living also signed contracts with Volt, the EV charging solutions arm of Keppel, to install EV Charging stations in 2025. These initiatives align with Singapore’s Green Plan 2030, which targets the deployment of up to 60,000 EV charging points nationwide. By expanding its EV infrastructure, Perennial Holdings contributes to the nation’s transition toward sustainable transportation and reduced carbon emissions. 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 PIHMH Chengdu 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, which currently accounts for 24% of the building’s total electricity consumption. In FY2025, Perennial Holdings reported total energy consumption of 57,948 MWh, with 4,049 MWh attributed to natural gas usage. This resulted in greenhouse gas (“GHG”) emissions amounting to 26,171 tonnes of CO₂, of which 396 tonnes were Scope 1 GHG emissions. Electricity consumption remained relatively stable across the three-year like-for-like comparison. In FY2025, consumption reached 53,899 MWh, reflecting a slight 2.5% increase from FY2024 (see Figure 7). This uptick also contributed to a marginal rise in electricity intensity from 105.5 kWh/m² in 2024 to 108.2 kWh/m² in FY2025. Similarly, like-for-like Scope 2 GHG emissions1 from electricity use remained largely consistent, increasing by 1% from 25,609 tonnes CO₂ in FY2024 to 25,775 tonnes CO₂ in FY2025 (see Figure 8).
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