Area Metrics Performance & Target • This is aligned to our business approach, where our Net Zero actions are undertaken with consideration of the financial feasibility and financial performance of our company. • As a business, we are cognisant that we are the source of employment for many and the source of income for our lenders/investors. Our commitment towards Net Zero does not override our socioeconomic responsibilities. Scope 3 Emission • We have yet to calculate our Scope 3 GHG emission for all sources. However, we are cognisant of our business impact on emissions from sources not directly owned and controlled by us. Therefore, we have in place key measures and targets on initiatives in minimising our carbon footprint as a result of Scope 3 GHG emissions • Employees’ emission – Encourage carpooling and public transport usage amongst our employees. To this end, our headquarters o ce comes equipped with a covered walkway to the nearest metro rail station • Customers’ emission – To prioritise green building certification for our developments and emphasize on integration of development to public transport corridors • Supplier’s emission – To explore green materials such as green cement, which has lower emissions than the conventional alternative • With respect to Scope 3 Emissions, we will progressively expand our computation to other categories in line with regulatory requirements. This is our moving forward target, and subsequently allow us to put in place targeted measures and initiatives in further reducing our carbon footprint from Scope 3 GHG Emission Green building certification Percentage of existing and new developments which are green certified. • Please refer to the Sustainable and Green Design section of our Sustainability Statement with respect to the percentage of existing and new development that is green-certified • Sales and profit as a result of our green-certified development continue to contribute positively to our company’s financial performance Operating costs, which are significant and directly attributable to climate-related risks. This includes, but is not limited to, the following: • Penalties and fines due to project delays and/or damages to existing projects • Insurance costs due to an increase in premium • Medical claims from employees • Increase in raw material and logistic costs Climate-related business cost • For the reporting year, nothing has come to our attention on any material and adverse financial impact on our operating costs and profitability, which can be directly attributable to poor management of climate-related risks • This includes any Liquidated Ascertained Damages during the reporting year as a result of delays, which can be directly attributable to climate-related factors 176 ANNUAL REPORT 2024
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