Stakeholders’ interest is central to the determination of our sustainability agenda. Our dynamic, year-round stakeholder engagement activities allow us to gather diverse views, opinions and expectations from our key stakeholders, which are material to our business, on a continuous basis.

Engage different
stakeholders via
diversified channels
and approaches

Analyse and evaluate
feedback collected

Devise action plan for
further improvement

Our internal and external stakeholders are grouped into nine categories and engaged through various regular communication channels. These help us enhance our communication transparency, anticipate our stakeholders’ needs, and identify possible emerging risks and opportunities to our business operations.

Each year, we also design a thorough stakeholder engagement process to identify key sustainability topics, assess topic materiality, and gain valuable feedback on our strategy, performance and initiatives.

 
 
Customers and
Tenants
Government and
Industry Associations
Academia
NGOs
Media
Employees
Suppliers and
Contractors
Local
Communities
Investors and
Shareholders

Stakeholder
Groups

  • Materiality Assessment
  • Materiality Matrix

As stakeholders’ concerns and expectations may change over time, we have gone through a rigorous materiality assessment process annually to prioritise topics that are important to stakeholders and our business, keeping abreast of the sustainability trends that shape our industry and business.

IDENTIFYING
RELEVANT TOPICS

1. Identifying Relevant Topics

With the inclusion of 5 new issues, a total of 28 sustainability issues were identified for material assessment.

COLLECTING
STAKEHOLDER FEEDBACK

2. Collecting Stakeholder Feedback

Feedback from material internal and external stakeholders was collected through a series of engagement activities, including surveys, interviews and focus groups.

PRIORITISING
MATERIAL TOPICS

3. PRIORITISING MATERIAL TOPICS

Followed by the engagement activities, the level of the materiality of each sustainability topic was assessed based on:

  • Survey scoring on its importance to stakeholders and importance to the business of KPL
  • Feedback collected in interviews and focus groups
  • Peer benchmarking results

The assessment result was plotted in the materiality matrix, where sustainability topics were categorised into three tiers – most material, moderate material, and less material for further validation.

VALIDATION

4. Validation

The list of material topics and materiality assessment result was presented to the Sustainability Steering Committee for review.

1.
Identifying Relevant Topics

With the inclusion of 5 new issues, a total of 28 sustainability issues were identified for material assessment.

2.
Collecting Stakeholder Feedback

Feedback from material internal and external stakeholders was collected through a series of engagement activities, including surveys, interviews and focus groups.

3.
Prioritising Material Topics

Followed by the engagement activities, the level of the materiality of each sustainability topic was assessed based on:

  • Survey scoring on its importance to stakeholders and importance to the business of KPL
  • Feedback collected in interviews and focus groups
  • Peer benchmarking results

The assessment result was plotted in the materiality matrix, where sustainability topics were categorised into three tiers – most material, moderate material, and less material for further validation.

4.
Validation

The list of material topics and materiality assessment result was presented to the Sustainability Steering Committee for review. The validated list of sustainability topics was disclosed in this Report.

The materiality matrix maps 28 sustainability topics, with their level of importance to stakeholders (y-axis) and their level of importance to our business (x-axis). Overall materiality combines both internal and external factors, including the Group’s overall strategy, mission, resources, industry trends and stakeholders’ concerns.

  • Tier 1: Material Topics
  • Tier 2: Moderate Topics
  • Tier 3: Monitored Topics

Material Issues by Topics

  • Environmental
    • Climate Change and Resilience
    • Green Building Certification
    • Economic Performance
    • Waste Management
    • Water Consumption and Conservation
    • Sustainable Finance
    • Biodiversity
  • People
    • Occupational Health and Safety
    • Employee Training and Development
    • Workplace Diversity and Equal Opportunities
    • Employee Well-being
    • Talent Attraction and Retention
    • Labour Practices and Human Rights
  • Community
    • Community Engagement and Investment
    • Local Revitalisation
    • Local Economic Development
    • Social Integration and Accessibility
  • Value Chain
    • Community Engagement and Investment
    • Responsible Supply Chain Management
    • Customer Well-being, Health and Safety
    • Service and Product Quality
    • Customer Engagement and Collaboration
  • Governance
    • Business Ethics and Integrity
    • Bribery and Corruption
    • Economic Performance
    • Risk and Crisis Management
    • Emergency Preparedness

We are committed to identifying and addressing the material issues that are most relevant to our business. In this regard, we have identified the key potential risks/opportunities associated with our top three material issues:

  • Climate Change and Resilience:

    As climate change imposes direct impacts on our business operations, it is one of our material ESG risks. Climate risks and opportunities include increased severity of extreme weather, rising mean temperature and heatwave, tightened building energy codes and guidelines, increased market demand for climate-resilient properties.

  • Information Privacy:

    We rely on information technologies networks and systems to process, transmit and store electronic information and support a variety of business activities. These systems may be susceptible to damage, disruptions or shutdown due to cyberattacks. By implementing measures including access controls, data encryption, continuous monitoring and maintenance of backup, we can mitigate information privacy risk of information technology networks and systems.

  • Green Building Certification:

    Operating non-efficient buildings without green building certification may lead to significantly higher operational costs due to inefficient energy usage. Obtaining certifications could enhance marketability, attract sustainability-conscious tenants, thereby increasing occupancy rate and gaining a competitive edge in the rapidly growing green building sector.