Material Factors and Targets

We perform annual reviews of materiality topics and conduct regular assessments to pinpoint the ESG factors that are most pertinent to our business and key stakeholders. This process involves surveying both internal and external stakeholders, analysing their feedback and ranking the identified material topics by significance to generate a materiality matrix.

In FY2025, the Board and management reviewed and affirmed the 10 material topics, making revisions to enhance alignment with our commitments.

The identified material aspects and indicators are mapped out in the table below.

Categories	Material Topic	U.N. Sustainable Development Goal Mapping	Targets
Build a Sustainable Business	Economic Performance	SDG 8: Decent work and economic growth	Perpetual Target: To provide investors with sustainable long-term returns
Act Responsibly	Energy and Emissions	SDG 7: Affordable and clean energy SDG 9: Industry, innovation and infrastructure	Short-term Target: Increase solar capacity to 12.35 MWp by end FY2026 60% of new and renewal leases signed in FY2026 to be green Medium-term Target: Increase solar capacity to 13.13 MWp by end FY2027 70% of new and renewal leases signed in FY2027 to be green Long-term Target: Science based target initiatives (SBTi): commitment to 42% reduction in Scope 2 emissions by FY2030, from a FY2020 base year >70% of new and renewal leases signed after FY2027 to be green
	Water and Effluents		Short-term Target: To install water-efficient fittings in at least one property under the Water Efficiency Building Certification Medium-term Target: To actively engage master tenants in single-user assets for collection of water data Long-term Target: Progressively install water-efficient fittings certified under the Water Efficiency Building Certification
	Waste		Short-term Target: To encourage waste separation and recycling in all multi-tenanted properties Medium-term Target: To actively engage master tenants in single-user assets for collection of waste data
Promote Well-being	Occupational Health and Safety	SDG 3: Good health and well-being	Perpetual Target: Zero incidents resulting in staff permanent disability or fatality Conduct OHS committee meetings every quarter
	Employment, Training and Education		Perpetual Target: Achieve average training hours of at least 15 hours per employee per annum. 80% of employees to complete at least one hour of ESG-related training per annum
	Local Communities		Perpetual Target: To participate in two CSR initiatives annually
	Diversity and Equal Opportunity		Perpetual Target: Commit to fair employment practices by ensuring that all individuals receive the same opportunities for hiring, advancement and benefits Zero cases of validated discrimination
Operate Ethically	Business Ethics	SDG 16: Peace, justice and strong institutions	Perpetual Target: Zero material incidents of non-compliance with regards to anti-corruption laws
	Regulatory and Environmental compliance		Perpetual Target: Zero material incidents of non-compliance with environmental or any other regulation