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Managing & Developing TalentPILLAR 1: HUMAN CENTRICESR Group LimitedEnvironmental, Social and Governance Report 202429Through leadership development programmes, cross-functional learning opportunities and platforms for active engagement, ESR ensures professional growth remains accessible to all employees regardless of where the Group operates. Whether through structured training sessions, mentorship initiatives or collaborative learning programmes, ESR continues to invest in cultivating its talent pool. These efforts not only enhance individual capabilities, but also strengthen the Group%u2019s collective expertise, fostering a workforce that aligns with ESR%u2019s values, goals and long-term vision. By focusing on the continuous development of our people, ESR ensures we remain adaptive and forward-thinking in a rapidly evolving world.Total Rewards StrategyOur employees are the cornerstone of our long-term business success. To ensure our compensation programmes remain competitive, well-balanced and effective in attracting, motivating and retaining top talent, the Group regularly works with independent external remuneration consultants. These consultants benchmark our compensation packages against relevant talent markets to ensure alignment with industry standards.Our total rewards framework is designed with a structured mix of fixed pay (base salary) and variable pay, which includes cash-based short-term incentives and long-term equity-based incentives. This pay-for-performance approach drives accountability and rewards exceptional performance, aligning employee goals with shareholder interests to deliver strong business outcomes. For senior-level employees, who play a critical role in influencing organisational success, a significant portion of their compensation is performance-based. A substantial share of this is provided through annual equity awards with multi-year vesting schedules. This structure not only enhances talent retention but also ensures alignment with the interests of shareholders. In certain situations, signon or retention packages may be offered to secure or retain key talent. These packages are carefully structured with clear conditions, such as performance criteria, time-vesting provisions or minimum service requirements with the company.Employee performance is reviewed regularly through an annual appraisal process, which provides an opportunity for open discussions about individual achievements, development needs and career goals. Alongside meeting local employment law requirements, our offices offer a wide range of benefits, including paid leave, medical and family leave, insurance coverage and retirement savings plans.For further information, please refer to the Remuneration Section of the FY2024 Annual Report.