SUSTAINABILITY REPORT 2023 47 SOCIAL HUMAN CAPITAL Positive Work Environment CLCT recognises the significance of a positive work environment in attracting, motivating, and retaining talent. We leverage on CLI’s comprehensive well-being programme that promotes personal development, health and work-life harmony. Initiatives include medical and benefits plans, flexible work arrangements, and employee engagement programmes. All CLCT employees are entitled to non-salary benefits, including part-time and contract employees. All CLCT employees are entitled to parental and childcare leave. In 2023, 528 eligible female employees took maternity leave and 3 returned to work in the same year29. CLI also provides paid paternity leave to all male employees in Singapore and China. In 2023, 828 eligible male employees took paternity leave in 2023 and returned to work in the same year29. Going beyond legal requirements, CLCT also provides Family Event leave for employees to attend to family related activities. To promote community engagement, CLCT employees are granted three days of Volunteer Service Leave annually, allowing them to actively participate in volunteering activities and contribute to society. CLCT complies with the social security contribution or pension plan obligations specific to the countries it operates in. In Singapore, the Central Provident Fund (CPF) is a comprehensive social security savings plan introduced by the Singapore government to enforce savings by salaried workers for a more secure retirement. Under the CPF scheme, CLCT and its employees make monthly contributions to the employee’s CPF account in accordance with the prevailing regulations. Social security contributions are also mandatory for Chinese employees in China. According to the China’s Social Security Law, the employer and employee shall jointly contribute to the basic pension insurance, basic medical insurance, work injury insurance, unemployment insurance, and maternity insurance. Depending on which jurisdiction the employees are employed in, the monthly social security contribution rates for each of the insurance may vary and are updated by the respective jurisdictions annually. EMPLOYEE ENGAGEMENT CLCT actively engages its employees through various avenues, including regular communication sessions held by senior management for effective flow of information and alignment of business goals and objectives across all levels of the workforce. Within CLCT, regular interaction sessions are held between the CEO and the team to ensure there is regular two-way communication. Various events are also organised to provide more opportunities for employee engagement in different setting and interaction across CapitaLand Group. CAPITALAND GROUP SPORTS DAY 2023 The inaugural CapitaLand Group Sports Day 2023 was a fun filled event, bringing together approximately 1,400 employees to participate in friendly interhouse games such as team relay, basketball, table tennis and captain's ball. This event exemplified CLI’s dedication to promoting a healthy work-life balance and upholding a positive company culture. CLI LISTED FUNDS - CROSS-REIT SHARING AND TEAM BONDING This event was organised to promote knowledge sharing and enhance team bonding among the CLI-listed funds. The session began with a panel discussion, during which leaders shared their valuable insights into the challenges and opportunities present within various real estate sectors and regions. Following this, a team-building activity took place, where participants worked together to assemble refurbished bicycles for charitable purposes. STAFF COMMUNICATION SESSIONS Quarterly staff communication sessions by the Group CEO allowed the Group’s senior management team to engage and interact with employees, including CLCT’s employees. These sessions were available on live webcast. During these sessions, information on the Group’s financial results and key business focus were shared and employees were able to post questions either through an online platform prior to the session or in real-time during the Question and Answer segment. 28 This figure excludes staff whose paternity/maternity leave crossed over into 2024 and hence have not returned to work in 2023 29 In 2022, 3 female and 1 male employee who took parental leave (maternity and paternity leave) continued to work in CLCT 12 months after they returned from parental leave.
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