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 86 SUSTAINABILITY STATEMENT Material Description Stakeholders Corresponding Strong Social Relationships Diversity and Promoting a diverse and inclusive Employees Inclusion workplace where every employee, regardless of gender, race and ethnicity, is treated with dignity and respect. Community Building strong relationships through Local Communities Engagement regular engagement activities, to promote the wellbeing of local communities. Environmental Stewardship Climate Change Efforts made on responsible energy Investors, Tenants, Property/Service/ management and usage to reduce the Maintenance Manager impacts on climate change. Waste and Managing waste to reduce its Investors, Tenants, Local Communities, Effluent generation and ensure that it is Regulatory Agencies & Statutory Bodies, Management disposed of properly. Property/Service/Maintenance Manager Water Managing water to reduce its Investors, Tenants, Customers, Management consumption. Property/Service/Maintenance Manager ROBUST CORPORATE GOVERNANCE Regulatory Compliance Some of the key national laws, regulations and guidelines applicable to the REIT’s business include: Capital Market Services Act 2007 Income Tax Act 1967 Main Market Listing Requirements EPF Act 1991 Guidelines on Listed REITs Malaysian Code on Corporate Governance (“MCCG”) To ensure the REIT’s continues to comply with all relevant legal and statutory requirements, the Manager maintains a comprehensive compliance report which presents the requirements of various acts, risk treatment, the REIT’s mitigation plans and risk rating. The Manager also seeks legal advice from professionals, conducts training on legal requirements and requires that internal audits be performed by external consultants. At REIT-level, it is crucial that the REIT’s tenants abide by the necessary legal requirements and agreements such as the Uniform Building By-Laws 1984, the Fire Services Act 1988, and the Lease/ Tenancy Agreement. To manage this, the REIT requests for cover notes for insurance to ensure that the properties are protected in case of hazards such as fire. The REIT also conducts monitoring to ensure firefighting systems are in good condition and fit out works guidelines comply with relevant laws. To keep abreast with the developments in the regulatory landscape, the Board receives legal and secretarial updates, Management personnel and the Board are required to attend talks and seminars, and the Manager receives alerts from Bursa Malaysia, the Securities Commission and the Malaysia REIT Association.
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