SUSTAINABILITY REPORT 2022

SUSTAINABILITY STEERING COMMITTEE CHAIRMAN'S MESSAGE

DEAR SHAREHOLDERS,

In 2022, the world embarked on the recovery path - post pandemic transition. The recovery from the pre-Covid-19 era, however, has not been smooth due to the political and economic instability around the world, and the unpredictable effects of climate change. Closer to home, Malaysia experienced the worst flooding in recent years.

MOHAINEE BINTI TAHIR

Head, Group Strategy and Sustainability

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Our Investment Proposition

HIGH QUALITY INVESTMENT

portfolio with resilient earnings visibility

STRONG BALANCE SHEET

with RM 18.1 billion in total assets

ROBUST GOVERNANCE STRUCTURE

& strong leadership in ethical conduct

ESG AT THE HEART

on our value creation

FOCUSED ON DRIVING MEANINGFUL CHANGES

to future-proof the business

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  • RM1.0 mil

    Invested in staff learning and development
    (2021: RM600,000)

    Zero

    Fatalities

    26,790

    hours of employee learning
    (2021: 11,243 hours)

  • 415,241 kWh

    Solar Energy generated from solar panels on rooftop of Suria KLCC
    (2021: 470,770 kWh)

    16.7%

    increase in GHG Emission due to increase in business activities post pandemic
    (2021: 21.0% reduction)

    0.3 mil m3

    increase in Water Consumption
    (2021: 0.3 mil m3 reduction)

    52%

    Waste Diversion rate
    for hotel (2021: 64%)

  • 50%

    Women Directors on Boards
    (2021: 56%)

    63%

    Independent Non-Executive Directors
    on Boards
    (2021: 67%)

    Zero

    Bribery and Corruption cases

    Zero

    Cyber Security incidents

  • RM70.2 mil

    tax paid to Government
    (2021: RM81.9 mil)

    RM17.0 mil

    spent on Corporate Social Investment and rental assistance
    (2021: RM128.3 mil)

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2022 In Focus

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  • PROGRESSING OUR SOCIAL AGENDA

    We believe in investing in upskilling and reskilling our workforce to compete and win in the future marketplace, given the constantly changing market landscape.

    We invest in digital tools to better churn insights and intelligence from data, simplify work processes, empower decision making and enable seamless collaboration.

    OUR ALIGNMENT TO THE UNSDGs

    MATERIAL SUSTAINABILITY MATTERS

    • Human Capital Development
    • Human Rights
    • Labour Standard and Practices
    • Health, Safety and Security

    MAPPED TO OUR CAPITALS

    RELATED PRINCIPAL RISKS

    • Human Capital
    • Health, Safety and Environment
    • Facilities Management
    • Security

    5-YEAR SUSTAINABILITY ROADMAP (2019-2023)
    Goal 2

    Building an Agile, Inclusive and Sustainable Workforce in a VUCA (Volatility, Uncertainty, Complexity and Ambiguity) World

    FOCUS FOR THE YEAR

    • Greater inclusivity and women empowerment
    • Safety and mental wellbeing of our people throughout the pandemic
    • Upskilling of our people to improve and enhance skillsets and capabilities
    • Promoting high performance culture by engaging and enriching our employees through work-life balance programmes in building an agile and empowered workforce

  • PROTECTING OUR ENVIRONMENT

    Protecting the planet is a social, economic and ethical imperative. As a recognised corporate leader, we are committed to minimising our environmental footprint and delivering sustainable value to our society.

    OUR ALIGNMENT TO THE UNSDGs

    MATERIAL SUSTAINABILITY MATTERS

    • Climate Change and Energy Management
    • Environmental Management

    MAPPED TO OUR CAPITALS

    RELATED PRINCIPAL RISKS

    • Finance
    • Asset Management
    • Facility Management
    • Health, Safety and Environment
    • Security

    5-YEAR SUSTAINABILITY ROADMAP (2019-2023)
    Goal 3

    Combating Climate Change and Reducing Environmental Impact

    FOCUS FOR THE YEAR

    • Strategise our pathway towards achieving low carbon/net zero carbon emission
    • Assessment of disclosures against the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)

  • EMBODYING GOOD GOVERNANCE

    At the core of everything we do, and the way that we do it, lies our commitment to the highest standards of governance excellence. It is not enough for us to deliver world class assets; we must do so while upholding standards of integrity and ensuring risks are managed at acceptable levels.

    OUR ALIGNMENT TO THE UNSDGs

    MATERIAL SUSTAINABILITY MATTERS

    • Corporate Governance
    • Business Ethics
    • Cyber Security and Data Privacy

    MAPPED TO OUR CAPITALS

    RELATED PRINCIPAL RISKS

    • Market
    • Finance
    • Asset Management
    • Security

    FOCUS FOR THE YEAR

    • Surveillance Audit by SIRIM to evaluate compliance of the Group's Anti-Bribery Management System to the requirements of ISO 37001:2016
    • Review of the Risk Appetite to provide comprehensiveness to the current risk appetite statement in ensuring the risk exposure and type of risk to be pursued or retained by KLCCP Stapled Group in achieving its strategic objectives are properly defined

  • ADVANCING ECONOMIC RESILIENCE

    We are committed to sustainable social and economic development across our business, operations and communities. We seek to share prosperity through our local hiring, investments in our operations and infrastructure, and contributions to non-profit organisations that help communities thrive and promote inclusive social development.

    OUR ALIGNMENT TO THE UNSDGs

    MATERIAL SUSTAINABILITY MATTERS

    • Financial Sustainability
    • Supply Chain Management
    • Customer and Tenant Management
    • Corporate Social Investment

    MAPPED TO OUR CAPITALS

    RELATED PRINCIPAL RISKS

    • Finance
    • Market
    • Asset Management
    • Facilities Management
    • Supplier

    5-YEAR SUSTAINABILITY ROADMAP (2019-2023)
    Goal 1

    Building a Smart, Safe and Sustainable KLCC Precinct

    FOCUS FOR THE YEAR

    • Strengthening business resilience and continuity through close monitoring of our cash flow and cost optimisation
    • Enhancing customer and tenant communication in building trust and elevating experience
    • Progressing social agenda through community programmes for the needy and underprivileged

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KLCCP & KLCC REIT ANNUAL GENERAL MEETINGS

DATE

Thursday, 6 April 2023

TIME

10.30 a.m.

MEETING PLATFORM

https://tiih.online
The Boards of Directors of KLCC Real Estate Investment Trust (KLCC REIT) and KLCC Property Holdings Berhad (Company) wish to inform that the 10th Annual General Meeting of KLCC REIT and the 20th Annual General Meeting of the Company (AGMs) will be held concurrently and FULLY VIRTUAL via TIIH Online website at https://tiih.online.
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