We strive to act progressively in everything we do by embracing flexibility, integrating ESG into our risk management mechanisms and challenging the way we operate. Built on the foundation of a strong governance system with robust policies in place, we look for ways to achieve long-term sustainable value through responsible investments and resilient properties that can withstand the impacts posed by various ESG risks, including climate change. We benchmark our properties against relevant green building certification schemes to uphold responsible business practices across our business operations. Furthermore, we believe in fostering a culture of innovation to strengthen our competitive edge and add value to our guests’ experience. ACTING PROGRESSIVELY Our Progress Focus Area Our Goals Our Progress in FY2024 Risk-Based Management • To establish holistic overarching internal policies to govern and guide the senior management on the focus areas. • ESG related risks are factored in our Risk Register in alignment with our Sponsor. Responsible Investment • To have 85% of owned and assetmanaged properties by gross floor area be either green-certified or pursuing green certification by 2030. • 93% of FHT properties by gross floor area have attained or are pursuing green building certifications. • All three of our properties in Australia have received the Green Star Performance Certification and scored an average 3.5-Star for Water rating (between Average and Good) and 3-Star for Energy rating (Average) for their NABERS assessment. • InterContinental Singapore holds the BCA Green Mark GoldPLUS certification. • The Westin Kuala Lumpur is in the process of attaining the GreenRE Certificate, while ANA Crowne Plaze Kobe is pursuing the CASBEE certification. • Achieved 4-Star rating and a score of 85 at the 2024 GRESB Real Estate Assessment, ranking first in the ‘Asia Pacific Hotel - Listed’ category. Resilient Properties • To carry out climate risk assessment and implement asset-level adaptation and mitigation plans in alignment with the TCFD framework by 2024. • Our Sponsor deployed a Group-wide CVaR platform and decarbonisation tool. • FHT utilises this tool to assess the climate risks to our asset portfolio. RISK-BASED MANAGEMENT Our Approach GRI 3-3 Risk management within FHT is overseen by our Board to ensure risk management systems, processes and internal controls are well maintained and compliant with local regulatory requirements. The REIT Manager’s established audit process, our Board’s Audit, Risk and Compliance Committee (“ARCC”) oversight and our Code of Business Conduct, guided by the Sponsor’s internal audit function, supports us by providing an independent evaluation of the adequacy of our existing ACTING PROGRESSIVELY ESG Report 2024 11
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