We regularly review our material ESG factors, including after any significant business changes and major shifts in industry trends, to identify opportunities and risks relevant to our operating environment. In FY2022/23, we conducted a thorough materiality assessment to identify, rate and prioritise material ESG factors for our expanded business following the Merger. The review prioritised topics that significantly impact our business and its relationship with the economy, environment and stakeholders along our value chain. The findings were then cascaded to the different functions, creating ownership and accountability for the effective management of these ESG factors.

The identified material topics align with our Sponsor’s sustainability goals and the UN SDGs. The Board assessed and validated the material topics to be current and relevant to ESR-REIT in FY2024 in consideration of recent global trends, as well as risks and opportunities impacting our stakeholders in the short-, medium-, and long-term horizons.

Please refer to our Sustainability Report 2024 for the list of sustainability targets.