We identify issues that are pertinent to our businesses and significant to our stakeholders through a materiality assessment workshop and by reviewing our peers and the Global Reporting Initiative (GRI) framework, including the Construction and Real Estate Sector Supplement. The issues are prioritised according to the level of stakeholder concern and their impact on our property development and investment businesses. For the purpose of reporting, we only include the issues material to our Singapore operations.
There are 12 key material issues that are considered in the Group’s business operations, with three issues specifically relevant to the hospitality business. The key material issues for the Group were approved by the Management102-46.
It is noted that listed subsidiary United Industrial Corporation Limited (“UIC”) is excluded from the materiality process. UIC publishes its own sustainability report, which is available on its corporate website.
The sustainability report, together with our material issues, are reviewed on an annual basis by the Board and Management. Considerations for the key material issues are aligned to, and progressively embedded into our business operations such as strategy development, ERM, ISO 14001, policies and standard operating procedures.
102-46: Defining report content and topic Boundaries
102-47: List of material topics