BOARD SUSTAINABILITY COMMITTEE REPORT The Board via the BNRC and the Chairman of the BSC herself, annually reviews the terms of office and performance of the BSC and its members through an effectiveness evaluation exercise. The BNRC assessed the BSC’s performance for the financial year ended 31 December 2023 and was satisfied that the BSC and its members have discharged their functions, duties, and responsibilities under the BSC’s Terms of Reference. COMPOSITION (CONT’D) Following our strategic planning cycle, the REIT 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 BSC also carries out an annual pulse check on the material matters to ensure the issues identified reflect evolving stakeholder priorities and value/impact creation potential, as well as anticipate relevant megatrends. The latest comprehensive materiality assessment was conducted in the year under review. In summary, the BSC has carried out the following work during the financial year ended 31 December 2023 in the discharge of its functions and duties: 1. Discussed 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. SUMMARY OF WORK CARRIED OUT DURING THE FINANCIAL YEAR Number of Meetings Held and Details of Attendance The BSC shall meet at least four times annually or such other intervals as the Committee shall decide, of which one-third of the attendance of the committee present shall form a quorum. The BSC held two regular meetings during the financial year ended 31 December 2023 which were attended by all members. During the financial year, the details of attendance are as follows: Terms of Reference The duties and responsibilities of the BSC are set out in its Terms of Reference, which is accessible in the Corporate Governance section, on the website at www.alaqar.com.my. MEETINGS AND ATTENDANCE BSC Members 17 Aug 2023 No 15 Nov 2023 1 Lailatul Azma binti Abdullah 2 Datuk Hashim bin Wahir 3 Ng Yan Chuan first meeting 129 CORPORATE GOVERNANCE 1 2 3 5 6 AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023
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