Corresponding Group Focus Areas Rationale Material Factor Boundaries FHT/ REIT Manager Suppliers/ Contractors Properties Risk-based Management, Responsible Investment, Resilient Properties Our strategic objective is to manage and expand our portfolio, within our risk capacity and appetite, to deliver long-term growth in distribution and net asset value to our Stapled Securityholders. Risk-based Management The foundation of our reputation lies in ethical and fair dealings. We maintain high standards of governance and accountability to earn the trust and confidence of our stakeholders. Energy & Carbon Considering that energy consumption is one of the largest environmental impacts that our operations generate, we continue to actively monitor and manage energy consumption at our properties. Water Water is a limited natural resource. It is essential for us to manage our consumption to reduce unnecessary usage. Waste As the operations of our properties generate various types of waste, proper waste management is key in preventing adverse impact on the local environment and public health. Community Connectedness Customer experience is a vital aspect in determining the success of our business. It is our utmost priority to meet and exceed the expectations of our customers and guests. Skills & Leadership It is important that the REIT Manager has the capacity to manage and expand FHT’s portfolio to create value for our stakeholders. We seek to attract, develop and retain the right people who are the cornerstone of our success. Diversity, Equity & Inclusion (DEI) Employees are at the heart of hospitality operations. It is vital to ensure our hotel and serviced residence operators value staff well-being by providing a conducive and safe working environment. In turn, a motivated workforce can better deliver positive, memorable experiences to our customers and guests. topics. In FY2022, Frasers Property led a group-wide review of material topics to determine if any new topics have emerged, or whether there has been a shift in the importance and impact of existing topics. The review process comprised a global market review of relevant key sustainability trends as well as surveys and interviews with internal and external stakeholders. The findings affirmed that FHT’s material topics remain relevant and aligned to stakeholder expectations. In FY2024, our Sponsor conducted a double materiality assessment to articulate the impact of our business on the economy, people and the environment as well as factors that have financial impacts on our business. The double materiality assessment was conducted in alignment with the European Sustainability Reporting Standards (ESRS), GRI and Sustainability Accounting Standards Board (SASB), and will enable FHT to better address our impacts, risks and opportunities. The enhanced topics identified in the double materiality ESG Report 2024 9
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