Stakeholder Engagement
Stakeholder Engagement and Materiality Assessment
Communication with Stakeholders
We address the issues brought about from stakeholders (unitholders, tenants, vendors, service providers, suppliers, employees, and the wider community) and appreciate their comments. By involving them in our decision-making process, we hope to strengthen our relationship with them. Their valuable input has been included into our long-term sustainability strategies.
In addition, it is important to constantly communicate with major stakeholder groups to gather feedback and better comprehend their concerns in order to mitigate the climate-related transition risks brought by the increased concerns or changes in preference of our stakeholders. Therefore, the REIT Manager conducts stakeholder engagement and regular performance of materiality assessment with stakeholders according to the Circular issued by SFC.
We fully believe that the success of Prosperity REIT depends on the continued support of our unitholders. To foster a relationship of trust and uphold the transparency and fairness of our corporate governance, we engage with our unitholders on a regular basis to provide information and updates on our financial and ESG performance.
Materiality Assessment
Our materiality analysis forms the basis of our long-term sustainability strategy. The assessment helps us identify and gain a deeper understanding of which sustainability issues are most significant to our operations. In this Reporting Year, we built on the foundation of our stakeholders survey, and engaged a third-party consultant to conduct an annual benchmark of our materiality matrix against industry peers, while taking market trends into account. The finalised matrix was approved by the Board and referenced for this Report. We will continuously review and update the materiality matrix to ensure its relevancy to our company and stakeholders.
Environmental
- Energy efficiency
- Greenhouse gas (GHG) emissions reduction
- Waste management
- Water management
- Climate change risk and adaptation
- Green building design and infrastructure
Social —
Employment and Labor
- Equal opportunities, anti-discrimination and inclusivity at workplace
- Employment relations and labor standards
- Training and development
- Occupational healthand safety
Social —
Community
- Community investment and engagement
Governance —
Operating Practices
- Business ethics
- Data privacy protection or tenants
- Supply chain management
- Tenant satisfaction
- Tenant health and safety