CORPORATE GOVERNANCE 108 Al-`Aqar Healthcare REIT | Annual Report 2024 SUMMARY OF WORK CARRIED OUT DURING THE FINANCIAL YEAR The BSC conducts a comprehensive materiality analysis every three years, to identify, understand and prioritise the economic, environmental, and social matters that are significant to our business and stakeholders. The materiality assessment approach represents a core component of the sustainability management process as it helps to align business strategies, performance management, and reporting. The latest comprehensive materiality assessment was conducted in the year under review,her emphasis on environmental risk, impacts and opportunities. In summary, the BSC has carried out the following work during the financial year ended 31 December 2024 in the discharge of its functions and duties:- 1. Discuss the assessment of Common and Sector Specific Material Sustainability Matters as per requirements under the Bursa’s Sustainability Reporting Guide and monitor and track the ESG initiatives under the identified categories. 2. Review and evaluate ESG-related risk including climate change risks via assessment of Environmental, economic, and social impact by monitoring the use of resources, waste management, and biodiversity impacts (if any) in its acquisition, AEI, expansion and upgrading of existing assets, selection of tenants and vendors, etc. 3. Monitors Health and safety including the physical and mental well-being of the employees, part-time employees, and contractors as well as the security of the Company’s assets. 4. Review policies including ethnic and gender diversity ( as per the Company’s policy on diversity and inclusion) at the workplace and Boardroom. 5. Supports a healthy working environment by promoting a work-life balance and mental health. 6. Ensures ethical business conduct via enforcement of policies such as Code of Business Ethics, Anti-Bribery and Corruption Policy, Whistle-blowing and No-Gift, No Entertainment. 7. Ensure that sustainable developments including the use of environmentally responsible materials in the Company’s development projects and the incorporation of sustainable practices throughout the lifecycle of a property. 8. To monitor and track the ESG initiatives in Supply Chain Management System and processes. 9. Evaluate and endorse proposals on ESG initiatives for the Board’s approval; 10. Reviewed the Sustainability Statement, for inclusion in the Annual Report: Summary of Matters Discussed by the BSC during the Year under Review ITEMS DISCUSSED 14 Feb 2024 15 May 2024 20 August 2024 18 November 2024 Review of Sustainability Policy/ Framework √ √ Status Updates on Materiality Matters √ √ √ √ Strategic Planning: ESG Roadmap and Action Plan √ √ √ √ Progress of ESG Initiatives √ √ √ √ Implementation of the Green Lease Programme √ √ √ √ ESG Compliance with Company Policies and Regulatory Requirements √ √ √ √ Review of Sustainability Statement √ ESG Training Needs and Competency Enhancements √ √ √ √ THE BOARD SUSTAINABILITY COMMITTEE REPORT
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