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MATERIALITY ASSESSMENT
Determining materiality helps us
identify and prioritise our efforts.
The GSC undertook a materiality
assessment to define the key
material issues for SGREIT. Guided
by independent sustainability
consultants, the assessment took
reference to international standards
from GRI G4 Guidelines and the GRI
CRESS. A list of six material issues has
been identified and assessed by key
representatives from the Manager
and Property Manager in Singapore
(refer to figures 2 and 3).
The Manager regularly takes into
consideration key issues that would
interest stakeholders surfaced
from its member representations
in strategic associations including
the REIT Association of Singapore,
Investor Relations Professionals
Association (Singapore) as well
as engagement with government
agencies and regulators including
NO.
CATEGORY
ESG ISSUES
MAPPED TO
GRI ASPECTS
1
Economic Performance Economic and financial contribution to
the business and SGREIT stakeholders
• Economic Performance
2
Governance
Corporate Governance
• Anti-corruption
Business Ethics
• Ethics and Integrity
3
Environment
Energy use and conservation
• Energy
Water use and conservation
• Water
Waste Management
• Effluents and Waste
4
Product
Responsibility
Health and Safety Protection of General
Public and adjacent communities
• Customer Health and Safety
Sustainable certification
of properties
• Unmapped to GRI G4
(1)
5
Community
Employment practices
(fair employment
practices, well-being
and engagement)
• Employment
• Training and Education
(Unmapped to GRI G4
(1)
)
Enriching Communities
• Unmapped to GRI G4
(1)
Security of Information
• Customer Privacy
6
Stakeholder Relations
Stakeholder communications
• Product and Service Labelling
FIGURE 3:
MATERIAL ISSUES SELECTED FOR SUSTAINABILITYREPORTING
High
High
Low
Importance to Internal Stakeholders
Importance to External Stakeholders
1
2
4
3
5 6
FIGURE 2:
MATERIALITYMATRIX
Note:
(1)
There is no corresponding aspect for this ESG topic under the GRI G4 Guidelines.
Building and Construction Authority,
Monetary Authority of Singapore,
Singapore Exchange Limited and
Urban Redevelopment Authority of
Singapore. The Property Manager
is a member of the Orchard Road
Business Association.
In Adelaide, the Centre Manager of
Myer Centre Adelaide serves as a
main contact for the Adelaide City
Council, and a designated officer,
Executive Manager, Public Realm,
serves as a main point of contact
on general issues. Myer Centre
Adelaide is associated with the
Rundle Mall Management Authority
which focuses on promoting the
Rundle Mall precinct.
The Malaysia Properties are
members of the Bukit Bintang
Kuala Lumpur City Centre
(BBKLCC) Tourism Association
which works with selected malls
within the precinct to promote
shopping tourism.
SUSTAINABILITY
REPORT
63