SUSTAINABILITY STATEMENT SECTION 3 51 Al-`Aqar Healthcare REIT | Annual Report 2024 ECONOMIC PERFORMANCE As a healthcare REIT, our commitment to long-term stakeholder value is anchored in robust growth and financial performance. By developing expertise, creating employment opportunities, and stimulating economic growth, we enhance value and positively impact the communities we serve, advancing the Group’s sustainability agenda SUPPLY CHAIN MANAGEMENT Al-`Aqar’s commitment to operational efficiency in property management and maintenance is dependent on the sustainable supply of materials, services and resources. To achieve this, we prioritise local suppliers and have implemented a screening mechanism to evaluate their environmental impact and alignment with our ESG criteria. The majority of KPJ hospitals operate under a consolidated net lease agreement, placing the responsibility for supply chain decisions and property expenditures on the tenants. A representative from the Manager ensures compliance during vendor interviews. During the reporting year, we remained self-sufficient, sustaining our impressive track record In FY2024, we continued the positive financial performance trajectory established in the previous year. FY2022 FY2023 FY2024 Economic value generated (revenue) 104,587,721 115,250,328 116,248,674 Retained economic value (Profits) 54,626,818 71,543,213 75,990 In FY2024, we utilised an environmental screening mechanism for new suppliers, assessing 40% of them. We then evaluated our existing suppliers’ environmental impact, with 53% of them assessed. In the same period, the percentage of suppliers assessed for environmental impacts decreased by 8% 2022 2023 2024 87% 13% 100% 0% 100% 0% Local Foreign Percentage of Employees Attended Anti-Corruption Trainings PROPORTION OF SPENDING ON LOCAL SUPPLIERS 2023 2024 2023 2024 Percentage of New Suppliers Screened Using Environmental Criteria Percentage of Suppliers Assessed for Environmental Impacts 53% 40% 50% 61% Stimulating the Economy Supporting economic development in the communities where we operate. Developing Expertise Cultivating healthcare service skills and expertise within professional networks and operational areas Generating Employment Opportunities Providing employment opportunities in healthcare, technical, maintenance and pharmaceutical sectors in supply and distribution chains. SUSTAINABLE TRUST FUND
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