OUR ESG APPROACH Environmental, Social and Governance Report 2023 8 MATERIALITY Understanding perspectives of our key stakeholders is critical to aligning our ESG efforts with their expectations. Previously, we assessed our material ESG factors to reflect the evolving trends and market practices. Supported by an external consultant, the comprehensive process involved workshops with senior management, internal and external stakeholders and included an assessment of global trends and an internal business review. The conclusion of the workshop provided an updated set of 15 material ESG factors which were prioritised and adopted as the Group’s focus areas under the pillars of Human Centric, Property Portfolio and Corporate Performance. In 2023, these factors were reviewed, in consideration of recent global trends, as well as risks and opportunities impacting our stakeholders in the short, medium, and long-term horizons. As a result, the 15 material ESG factors were deemed to remain relevant to the Group for FY2023. ESR Group Double Materiality Matrix Impact on enterprise value High Low 6 2 1 11 12 8 9 7 13 14 15 4 5 3 10 High Impact on society and the environment Human Centric (Social) 1. Stakeholder Engagement 2. Safety, Health & Well-being 3. Managing & Developing Talent 4. Diversity, Equity & Inclusion 5. Community Investment Property Portfolio (Environmental) 6. Sustainable & Efficient Operations 7. Sustainable Building Certifications 8. Climate Change Resilience 9. Flexible & Adaptable Properties 10. Strategic Locations Corporate Performance (Governance) 11. Corporate Governance 12. Risk Management 13. Responsible Investment 14. Disclosure & Reporting 15. Supply Chain Management
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