FORWARD TOGETHER 46 Environmental, Social and Governance Performance Stakeholder Engagement To align our ESG efforts with stakeholder expectations, we conducted a comprehensive double materiality assessment to determine our priority ESG focus areas. “Supply Chain Management” was added as a new material issue. For more details, including the materiality matrix results, please see the “Materiality” section in our ESG report. For our tenants, engagement surveys were conducted across our portfolio to improve building management and performance as well as tenant satisfaction. We also regularly engage our tenants, community and employees through social activities and events, such as cohesion initiatives, public events, and on-site mental health support. Safety, Health & Well-being As part of our emphasis on health and safety, we established a new ESR Group function for Health and Safety, allowing us to scale-up our existing and well-developed expertise and integrate the management of health and safety risk consistently across our Group in areas relating to development and asset management. In addition, we also organised various initiatives to promote health and well-being across the Group, such as well-being talks, sports tournaments, and enhanced employee benefits. Managing & Developing Talent We continued employee engagement efforts to address priority areas of “Inclusion & Respect/Teamwork” and “Communications” identified from our Group-wide Employee Engagement Survey. These include employee bonding activities, such as the first “Durian Fiesta” in Singapore, Breakfast Sessions with HR, an inaugural townhall for the enlarged Group and engagement sessions with our Group Co-founders and Co-CEOs and ARA senior members and colleagues. ESR also set up a dedicated Talent Management and Learning team within the Group HR function as an independent Centre of Excellence, designed to drive group-wide talent management and learning strategies. PILLAR 1: HUMAN CENTRIC The first pillar of our ESG Framework focuses on the social aspect of our operations covering areas relating to both our internal and external stakeholders. Diversity, Equity & Inclusion Together with senior representatives and an external consultant, ARA Venn and ARA Europe (both ESR Group Companies) formed a dedicated Diversity & Inclusion Committee during the year. This committee meets bi-monthly to discuss and implement various policies and initiatives to ensure inclusion and diversity principles are embedded across the organisation. ESR also embraced International Women’s Day (IWD) #BreakTheBias with a series of events held across our local offices in different markets to celebrate women who work at ESR. Community Investment ESR is implementing 2 days of volunteer leave for all employees of the Group to encourage volunteerism. We continued to invest in our communities through education-focused initiatives, such as helping to construct “Future Classrooms” for children in rural China and donating computer equipment to school children at Freedom School in Nigeria. Our other initiatives include Farm@Fortune (an urban farm initiative), a guarantee scheme for affordable homes amongst others.
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