Management Discussion and Analysis KEY RISK FACTORS (CONT'D) Anticipated and Known Risk Profiles (Cont'd) Focus Area Mitigation Actions Business Continuity Risks The assets are exposed to natural and accidental disasters such as—fire, flood, or weather-related events— and cyber-attacks. A continuous assessment identifying how these risks may affect operations needs to be carried out to prepare the business on how to safeguard itself and procedures to mitigate the risks. In safeguarding itself from such disaster, the Manager emphasises on preventive efforts such as: 1. Develop and Maintain a Business Continuity Plan (BCP) • Establish a comprehensive BCP that outlines strategies for managing disruptions (e.g., natural disasters, cyberattacks, pandemics). • Ensure the BCP covers critical functions, key personnel, IT systems, facilities, and communication plans. 2. Regular Testing and Simulation Drills • Conduct regular BCP drills and tabletop exercises to test preparedness. • Update the plan based on lessons learned and changes in operations or risk environment. 3. Backup Systems and Data Recovery • Implement IT disaster recovery plans with off-site backups, cloud storage, and redundant systems. • Ensure critical data is securely backed up and recoverable within acceptable timeframes. Environmental and Climate Risks The retail sector faces increasing exposure to climate risks, which can significantly impact business operations, asset values, and longterm sustainability. such as floods, storms, heatwaves, and droughts can cause direct damage to retail outlets, disrupt supply chains, and increase operational costs. Energy efficiency: Invest in renewable energy (e.g., rooftop solar panels) and energy-saving technologies (e.g., smart lighting and HVAC systems). Green retrofitting: Invest in sustainable upgrades to maintain or increase property value. Sustainability-linked financing: Explore green loans or bonds tied to achieving ESG targets. Asset risk assessment: Conduct regular assessments of physical risks to property portfolios and adjust investment strategies accordingly. 1 ABOUT US 39 2 BUSINESS OVERVIEW 3 SUSTAINABILITY STATEMENT 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION 6 FINANCIAL STATEMENTS
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