Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance
• Human Resource Practices
• Health and Safety
• Environmental Responsibilities

Environmental Achievements

• Maintained current energy intensity (252 kWh/m2 floor area)
• Maintained current water intensity (2.60 m3/m2 floor area)
• Installed LEDs and motion-sensor light switches in properties

Social Achievements

• Maintained employee turnover rate at 0.8%
• Provided 10 hours of average training per employee
• Maintained zero workplace fatalities

Governance Achievements

• 100% of new suppliers screened using environmental and social criteria
• 100% of new joint venture arrangements subjected to ESG due diligence
• Zero incidents of corruption

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: 100% of new suppliers screened

Responsible Procurement

• Baseline screening criteria for suppliers and JV partners
• Prioritizing suppliers with sustainable practices
• Encouraging adherence to minimum ESG compliance levels
• Background checks to verify compliance with labor practices and safety records

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards 2016

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Governance
• Environmental Compliance
• Supplier assessment
• ESG due diligence
• Economic performance
• Talent retention
• Occupational health and safety
• Customer health and safety
• Energy
• Water

Environmental Achievements

• Implemented green practices to improve resource efficiency, including LED lighting, motion-sensor light switches, and water-efficient practices and equipment.

Social Achievements

• Maintained zero workplace fatalities.
• Maintained zero incidents of non-compliance with regulations or voluntary codes concerning the health and safety impacts of managed developments.
• Provided an average of 5.2 hours of training per employee globally.

Governance Achievements

• Maintained zero incidents of corruption at headquarters or managed hotels.
• Maintained zero critical incidents of non-compliance with environmental laws and regulations.

Climate Goals & Targets

Environmental Challenges

• High energy and water consumption in the real estate and hospitality sectors.

Mitigation Strategies

• Adopted green practices to improve resource efficiency (LED lighting, motion-sensor light switches, water-efficient equipment).
• Monthly reports on energy and water consumption are reviewed to detect irregularities and take appropriate action.

Supply Chain Management

Supplier Audits: 100% of contractors screened on safety requirements (for projects in development)

Responsible Procurement

• Prioritise suppliers and contractors who engage in sustainable practices to ensure safe working conditions and respect worker rights.
• All Heeton’s suppliers are encouraged to adhere to best practices and industry standards, such as obtaining Building and Construction Authority (BCA) certifications.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option

Environmental Metrics

ESG Focus Areas

• Governance
• Environmental Compliance
• Supplier Assessment
• Talent Retention
• Occupational Health and Safety
• Customer Health and Safety
• Energy
• Water

Environmental Achievements

• Implemented green practices to improve resource conservation, including LED lighting, motion-sensor light switches, and water-saving practices.

Social Achievements

• Maintained zero workplace fatalities.
• Maintained zero incidents of non-compliance with regulations or voluntary codes concerning the health and safety impacts of managed developments.
• Provided an average of 15.2 training hours per employee globally.

Governance Achievements

• Maintained zero incidents of corruption.

Climate Goals & Targets

Environmental Challenges

• High employee turnover rate at UK hotels (53.1%) attributed to sector uncertainties related to Brexit.

Mitigation Strategies

• Strengthening efforts to keep employee turnover rates below 2019 values.

Supply Chain Management

Supplier Audits: 100% of contractors screened on safety requirements (for projects in development)

Responsible Procurement

• Prioritising suppliers and contractors who engage in sustainable practices and adhere to best practices and industry standards, such as obtaining BCA certifications.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option

Environmental Metrics

ESG Focus Areas

• Governance
• Economic Performance
• Talent Retention
• Occupational Health and Safety
• Customer Health and Safety
• Energy
• Water
• Anti-corruption
• Environmental Compliance
• Supplier Assessment

Environmental Achievements

• Adopted green practices to improve resource conservation, including LED lighting, motion-sensor light switches, and water-efficient equipment.
• No incidents of non-compliance with environmental laws and regulations resulting in significant fines or sanctions.

Social Achievements

• No workplace fatalities among Heeton employees.
• No incidents of non-compliance with regulations or voluntary codes concerning the health and safety impacts of our managed developments.
• Implemented flexible work arrangements and safety measures in response to the COVID-19 pandemic.

Governance Achievements

• Implemented robust governance-related policies and procedures.
• No incidents of corruption at headquarters or managed hotels during FY2020.
• Whistleblowing policy in place.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic significantly impacted overall performance and profitability, leading to business closures and movement restrictions.
• High employee turnover rate in UK hotels due to the pandemic's impact on the travel and tourism industry.

Mitigation Strategies

• Redundancy exercise and workforce restructuring in UK hotels to remain competitive.
• Flexible work arrangements and work-from-home options for employees during the pandemic.
• Implementation of safety measures in the workplace to ensure a safe working environment.

Supply Chain Management

Responsible Procurement

• Prioritising suppliers and contractors who engage in sustainable practices and adhere to best practices and industry standards (e.g., BCA certifications).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option

Environmental Metrics

ESG Focus Areas

• Governance
• Social
• Environmental

Environmental Achievements

• Maintained zero critical incidents of non-compliance with environmental laws and regulations

Social Achievements

• Maintained a safe working environment with zero workplace fatalities
• Zero incidents of non-compliance regarding health and safety impacts of products and services
• 100% of contractors screened on safety requirements

Governance Achievements

• Maintained zero incidents of confirmed corruption

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic significantly impacted hospitality, property investment, and residential development.
• Increased energy and water usage in FY2021 compared to FY2020 due to business recovery.

Mitigation Strategies

• Focus on ESG pillars helped manage the COVID-19 crisis effectively.
• Environmental compliance maintained efficient operations.
• Social measures (staff well-being, contractor screening) created a safe environment.
• Governance ensured steadfast relationships with business partners.

Supply Chain Management

Supplier Audits: 100% of contractors screened on safety requirements

Responsible Procurement

• Prioritise suppliers and contractors who engage in sustainable practices to ensure safe working conditions and respect worker rights.
• All Heeton’s suppliers are encouraged to adhere to best practices and industry standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option

Environmental Metrics

ESG Focus Areas

• Governance
• Social
• Environmental

Environmental Achievements

• Total energy consumption was 1.1% lower than in FY2022.
• Energy intensity for Singapore investment properties was 5.0% lower than in FY2022.
• Total GHG emissions were 0.6% lower than in FY2022.
• Emission intensity in Singapore was 6.4% lower than in FY2022.

Social Achievements

• Maintained a zero-incident record in governance, occupational health and safety, and customer health and safety.
• Global employee turnover rate decreased from 76.5% in FY2022 to 65.8% in FY2023.
• 100% of contractors were screened on safety requirements.

Governance Achievements

• Maintained zero confirmed incidents of corruption.
• Maintained zero critical incidents of non-compliance with environmental laws and regulations.

Climate Goals & Targets

Environmental Challenges

• Rising inflation and high interest rates increased investment risks and operational costs.
• Climate change presents physical risks (extreme weather, business disruption, repair costs) and transition risks (policy changes, rising compliance costs, market shifts, reputational risks).

Mitigation Strategies

• Phased approach to climate risk disclosures, referencing SGX guidelines.
• Scenario planning to refine climate-related risks and opportunities.
• Review of Scope 3 supply chain emissions.
• Considering climate-related risks when planning new projects and acquisitions.
• Complying with regulatory requirements and adopting best practices to ensure asset resilience.
• Communicating steps taken to manage climate-related risks to stakeholders.
• Monitoring changes in government climate-related policies and regulations.
• Enhancing supply chain resilience by diversifying partners and suppliers.
• Exploring greener alternatives.
• Developing and implementing sound sustainability strategies and adopting good governance practices.

Supply Chain Management

Supplier Audits: 100% of contractors screened on safety requirements

Responsible Procurement

• Prioritizing suppliers engaging in sustainable practices (safe working conditions, worker and human rights, sustainable development policies).

Climate-Related Risks & Opportunities

Physical Risks

• Catastrophic extreme weather events
• Gradual changes in weather patterns

Transition Risks

• Market risks
• Policy and regulation risks
• Resource risks
• Reputational risks

Opportunities

• Resource efficiency
• Transition to renewable and clean energy
• Growing demand for green buildings and spaces

Reporting Standards

Frameworks Used: GRI Universal Standards, Singapore Exchange Listing Rules (Rules 711A and 711B)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed