In FY2024, we started preparing to onboard our key property managers and REIT Manager corporate office suppliers to a tailored Group-wide e-learning programme, designed to enhance our suppliers’ understanding of sustainability and our expectations around responsible sourcing. Data Privacy At FHT, we have implemented our Personal Data Protection Policy which sets out how we protect our information assets and ensure maximum data confidentiality and security. It also sets out the responsibilities all employees must undertake towards safeguarding our information assets. In the event of a breach, FHT’s Personal Data Breach Incident Management Policy details clear procedures for employees to effectively manage and mitigate potential negative impacts. In FY2024, there was no recorded incident concerning information security breach. Aligning with MAS Guidelines on Environmental Risk Management for Asset Managers Asset managers have been tasked to implement MAS guidelines across six key areas of environmental risk management. We have put in place processes and practices to align with these requirements and will continue to strive for further alignment. Key Area Status as of FY2024 Governance and strategy The Board and senior management to oversee integration of environmental risk considerations into asset managers’ strategies, business plans and product offerings. The ARCC assists the Board in carrying out its responsibility in determining ESG factors that are material to our business, monitoring and managing ESG factors and overseeing standards, management processes and strategies to achieve sustainability practices. The FH-FHT Sustainability Steering Committee, led by the Senior Management, has been designated to oversee and review environmental risk. Research and portfolio construction Asset managers to evaluate the potential impact of environmental risk on the return potential of our investments. We consider operational indicators (such as GHG emissions, energy, waste and water) that may affect tenant demand as well as operational efficiencies and costs. Please refer to the Energy and Carbon section of this Report for further details. Portfolio risk management Asset managers to put in place appropriate processes and systems to assess, manage and monitor the impact of any risk. We have put in place processes to assess, manage and monitor environmental risk. Please refer to the Risk-Based Management section of this Report for further information. Scenario analysis Asset managers to develop capabilities in assessing environmental risk impact on their portfolios and their alignment with climate goals set under a range of scenario pathways. In FY2024, our Sponsor has deployed an in-house Climate Value at Risk (CVaR) platform and decarbonisation tool, which aggregates asset- and developmentlevel data and climate exposures up to geographic, portfolio, asset class and Group levels. This would enable FHT to understand the potential impacts of physical and transition climate risk under future climate scenarios and incorporate this data into investment, financial and strategic planning. Stewardship Asset managers to engage investee companies to improve risk profile and support their efforts to transition towards more sustainable policies and practices. We have progressively implemented asset enhancement initiatives with measures to improve energy and water efficiency and waste management. Disclosures Clear and meaningful disclosures, referencing well-regarded international reporting frameworks. We have disclosed our environmental risk management processes and its potential impacts through this Report. We continue to report climate disclosures aligned with TCFD recommendations and will prepare to report against ISSB IFRS Sustainability Disclosure Standards in coming years. ESG Report 2024 13
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