75 SUSTAINABILITY STATEMENT Integrated Annual Report 2025 SUSTAINABILITY STATEMENT MATERIALITY ASSESSMENT The REIT conducts periodic materiality assessments to identify and prioritise the most relevant ESG concerns to both the REIT’s operations and all identified stakeholders. This allows for the effective allocation of resources, mitigating any potential negative impacts while continuing operations and offering the highest value to stakeholders, including the protection of the environment, maintaining good governance practices, and ensuring the well-being of communities. The REIT’s materiality matters are determined through: The materiality matrix follows the topics from FY2023 as the identified issues remain relevant to both the REIT’s internal and external stakeholders. The REIT’s materiality matrix plots material topics based on the significance to stakeholders and the impact on the REIT’s business. PRIORITY MATERIAL MATTERS The following material matters were identified as high priority: Materiality Identification: Material topics were identified based on stakeholder inputs regular engagement, sustainability indicators provided by ESG frameworks and regulatory requirements, operating and financially material concerns for the REIT, and benchmark with industry peers. 1 Refinement and Categorisation of Material Topics: The identification process resulted in 13 identified topics, which are further divided by each ESG pillar under Economic, Environment, Social, and Governance focuses. 2 Assessment and Prioritisation: Identified material topics are further refined and prioritised through a materiality assessment survey, involving the participation of internal and external stakeholders. This survey allowed participants to rate the significance of each material topic, allowing the REIT to obtain various perspectives and align its value creation with the needs of all stakeholders involved with the REIT. 3 Materiality Matrix Formulation: As various stakeholders have an array of impacts on Al-`Aqar’s operations, each stakeholder group were assigned weightages which are then averaged to obtain a normalised materiality priority score. These scores are then plotted on the REIT’s materiality matrix that guides it in resource allocation and strategy decision making. 4 Validation: The results of the surveys, assessments, and the finalised materiality matrix are presented to the Board of Directors for validation, which are conducted on an annual basis to ensure the REIT’s directives and priorities remain relevant to all involved stakeholders. 5 Corporate Governance and Anti-Corruption 01 02 Economic Performance Regulatory Compliance and Risk Management 03 Tenant and Customer Satisfaction 04 05 Data Privacy and Cybersecurity 06 Occupational Health and Safety
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