SECTION 06 pg. 80 AL-SALĀM REIT SUSTAINABILITY STATEMENT STAKEHOLDER ENGAGEMENT REPORT (CONT’D) KEY OUTCOMES FROM STAKEHOLDER ENGAGEMENT (FY2025) Based on stakeholder engagements conducted during the financial year, the following key themes were identified: Increased demand for climaterelated disclosures and transparency Expectations for enhanced tenant engagement on ESG matters Focus on regulatory compliance and governance practices These inputs have directly influenced the REIT’s prioritisation of climate risk management, ESG data governance improvements and enhancement of sustainability disclosures. MATERIALITY ASSESSMENT At Al-Salām REIT, the REIT considers the inputs of its stakeholders as central to shaping its operations and sustainability strategy. By engaging continuously and providing channels for communication, the REIT gains a diverse array of perspectives that allow it to improve its operations while identifying key areas of concern that need the utmost attention. This commitment allows the REIT to ensure that the voices of all its stakeholders are heard, building strong and long-lasting relationships that are essential to the long-term sustainability of its operations. The REIT conducts periodic materiality assessments to identify and prioritise the most relevant ESG concerns to both the REIT’s operations and all identified stakeholders. This allows for the effective allocation of resources, mitigating any potential negative impacts while continuing operations and offering the highest value to its stakeholders, including the protection of the environment, maintaining good governance practices, and ensuring the wellbeing of communities. The REIT’s materiality assessment follows a specific procedure as outlined below: Validation: The results of the surveys, assessments, and the finalised materiality matrix are presented to the Board of Directors for validation, which are conducted on an annual basis to ensure the REIT’s directives and priorities remain relevant to all involved stakeholders. Materiality Matrix Formulation: As various stakeholders have an array of impacts on our operations, each stakeholder group were assigned weightages which are then averaged to obtain a normalised materiality priority score. These scores are then plotted on the REIT’s materiality matrix that guides us in resource allocation and strategy decision making. Assessment and Prioritisation: Identified material topics are further refined and prioritised through a materiality assessment survey, involving the participation of internal and external stakeholders. This survey allowed participants to rate the significance of each material topic, allowing us to obtain various perspectives and align our value creation with the needs of all stakeholders involved with the REIT. Refinement and Categorisation of Material Topics: The identification process resulted in the identified topics, which are further divided by each ESG pillar under Economic, Environment, Social, and Governance focuses. Materiality Identification: Material topics were identified based on stakeholder inputs regular engagement, sustainability indicators provided by ESG frameworks and regulatory requirements, operating and financially material concerns for the REIT, and benchmark with industry peers. 1 2 3 4 5
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