ABOUT THIS STATEMENT Damansara REIT Managers Sdn. Bhd. (“DRMSB” or the “Manager”), the Manager of Al-Salām Real Estate Investment Trust (“Al-Salām REIT” or the “REIT”), is proud to present the REIT’s fourth sustainability statement. The reporting period covered is the financial year ended 31 December 2021 (“FY2021”). This Statement addresses matters that are most material to the REIT’s valued stakeholders and business operations, and provides insight into its management and performance on the Environmental, Social and Governance (“ESG”) aspects of the REIT’s operations. The year 2021 has been challenging as the COVID-19 pandemic brought about adverse market instability nationally and globally. The real estate market faced unprecedented uncertainty due to lockdowns, cautious consumer sentiment and operating at reduced capacity, all of which have impacted the operations as a REIT. This sudden and unexpected crisis has forced us to rethink the manner in which the REIT operates, particularly in terms of business continuity. Now, more than ever, the importance of sustainable business practices to foster long-term value creation and business longevity is apparent. As such, the REIT strives to adapt to this new norm and are geared towards recovery by integrating ESG aspects into the heart of its operations. Its endeavours have resulted in the formation of a Sustainability Policy and Framework, strengthening of the Sustainability Governance Structure, and a comprehensive review of the material sustainability matters. A L - S A L Ā M R E I T A N N U A L R E P O R T 2 0 2 1 76
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