Material Risks Key Mitigating Actions Regulatory & Compliance » Non-compliance with applicable laws, regulations and rules, relating to fund management, tax, data protection & privacy, financial crimes and sanctions in the markets where CLCT Group operates. » Maintain a framework that proactively identifies the applicable laws, regulations and rules, including taxation, assesses the regulatory & compliance risks, and embeds compliance risk mitigation measures into day-to-day operations. » Leverage in-house specialised teams such as legal, compliance and tax, and external consultants to provide advisory services and updates on changes to laws, regulations and rules. » CLI establishes group-wide policies and procedures to address the requirements of the applicable laws, regulations and rules such as Personal Data Protection Policy, Anti- Money Laundering Policy and Countering the Financing of Terrorism Policy, Global Sanctions Compliance Policy and TaxStrategy. » Adopt e-learning modules to raise awareness and train employees on ways to avoid or prevent non-compliant behaviour. Safety, Health & Well-being » Increased expectations from stakeholders to provide a safe and healthy environment, including wellbeing, at CLCT Group’s assets and operations. » Assess health and safety related risks in the evaluation of any new acquisitions. » Entrench a sustainable safety culture through deep safety capabilities, disciplined safety practices, and a progressive and pervasive safety mindset that drives key safety performance targets for both CLCT Group and our supply chain. » CLI has a well-established Group occupational health and safety management system which is externally certified to ISO 45001 in 19 countries. » For more information, please refer to CLCT’s Integrated Sustainability Report FY 2023, to be published in mid-April 2024. Sales & Leasing » Strong competition, poor economic and market conditions are some key factors that could result in key tenants not renewing their leases, adversely affecting the leasing performance of CLCT Group’s properties. » Establish and maintain a balanced and sustainable tenant mix by attracting a variety of tenants from different sectors, and reducing reliance on any one industry or tenant in the overall portfolio. » Proactive tenant management strategies to understand and address customers’ changing needs and align with the properties’ overall asset plan. This involves evaluating tenants based on their financial standing, track record, and market adaptability in order to minimise tenant turnover and vacancies, and to appeal to a broader customer base. » Closely monitor tenants’ performance and maintain positive relationships and rapport with them to build loyalty with CLCT Group’s properties, and actively managing lease renewals ahead of time. ANNUAL REPORT 2023 109 Financials Framework Portfolio Performance Leadership Overview
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