ACTING PROGRESSIVELY processes and controls. The REIT Manager is also responsible for identifying, reviewing and monitoring key risks, such as investment, environmental and climate change, fraud, foreign currency, interest rate, tax, credit, liquidity, operational, regulatory and compliance, information technology and human capital risks. The identified risks are mapped to our risk register, along with the potential business consequences and monitored quarterly. To demonstrate our commitment to enhancing corporate governance, we continue to remain as a signatory of the annual Corporate Governance Statement of Support initiated by the Security Investors Association (“SIAS”) since our listing on the Singapore Exchange (“SGX”). Our Actions and Progress GRI 2-23, 2-24, 2-25, 2-26, 2-27, 205-1, 205-2, 205-3, 206-1 At FHT, we are committed to maintaining fair and ethical business practices coupled with our zero tolerance against corruption and fraud. This helps to instil trust and confidence in our stakeholders and unlocks new opportunities. Our business practices and the way in which we operate are guided by a number of policies, which are reviewed periodically and updated to ensure that they remain relevant and aligned with our corporate purpose and operations. These include, but are not limited to FHT’s Whistleblowing Policy, Board Diversity Policy (available in our Corporate Governance Report) available on our corporate website, and the Group ESG Policy, Privacy Policy and Responsible Sourcing Policy available on our Sponsor’s corporate website. Anti-Bribery, Anti-Corruption and Anti-Competition Our policies and procedures, namely the Anti-Bribery Policy, the Competition Act Compliance Manual and the Policy for Prevention of Money Laundering and Countering the Financing of Terrorism detail our commitment to the highest standards of ethical business conduct and towards good faith business activities and regulatory compliance. In FY2024, there was no confirmed incident of corruption and bribery with our operations. We strongly believe that communication and training is a necessity in building internal awareness to combat corruption. In the reporting period, 69% of all REIT Manager employees received training on anticorruption including 77% of those based in Singapore. Whistle-Blowing and Raising Concerns Whistle-blowing is an important component of the corporate governance system of a company, and is intended to detect, prevent and address wrongdoing and improper conduct. Through the WhistleBlowing Policy, we uphold an open and transparent corporate culture which promotes accountability, while encouraging employees and any other persons who are not employees to report in good faith and in confidence, concerns about possible improprieties, particularly on the following issues: • Financial fraud or professional misconduct, including concerns about accounting, internal controls or auditing matters • Improper conduct, dishonest, fraudulent or unethical behaviour • Any criminal or regulatory offense, breach, irregularity or non-compliance with laws, regulations or FHT’s policies, procedures and/or internal controls • Violence at the workplace, or any workplace hazard/ violations which may threaten health and safety • Corruption or bribery • Conflicts of interest without proper disclosure • Any deliberate attempt to cover up and/or conceal misconduct; and any other improprieties or matters that may adversely affect unitholders or shareholders’ interests in, and assets of, FHT and its reputation A report can be submitted through various channels, including by mail, electronic mail or by calling a hotline. Reports made in good faith are investigated and reported back to the Sponsor’s Head of Group Internal Audit, on the investigation, findings and actions taken. In FY2024, we did not receive any cases via our whistle-blowing channels. We will continue to foster close collaboration with our stakeholders to ensure that we mitigate any wrongdoing and improper conduct in our value chain. Supply Chain Management Effective supply chain management is crucial for optimising operational efficiency while minimising risks across the supply chain. At FHT, we seek to forge close partnerships with our suppliers and service providers that share our sustainability vision. As detailed in our Responsible Sourcing Policy, we believe in raising the sustainability ideals across our value chain in partnership with our stakeholders to create a more resilient and sustainable business. The policy outlines our commitment to responsible sourcing, and what we expect of our suppliers in the areas of environmental management, human rights and labour management, health, safety and well-being and business ethics and integrity. 12 Frasers Hospitality Trust
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