Sustainability and Climate Report The approach taken by UHREIT is as follows: 2. Prioritise 1. Identify A long list of relevant material EESG topics were identified through: • Peer review • Assessment of industry trends • Sustainability-related standards and publications 3. Validate The final list of shortlisted EESG topics and results were endorsed by Management and the Board of the Manager. EESG topics were ranked by U.S. and Singapore team members, taking into account the extent of impacts on stakeholders and the business from a financial and impact perspective. Figure 3: UHREIT’s Approach to Double Materiality Assessment A total of nine material topics across economic, environmental, social, and governance pillars were identified, as summarized in the materiality matrix below. In FY2025, the Board and management reviewed and reaffirmed the relevance of these topics for the business. Impact Materiality 1 1 2 2 4 5 4 5 3 3 Financial Materiality Double Materiality Assessment Economic Performance Climate Change, GHG Emissions and Energy Consumption Safety and Wellbeing Risk Management Business Ethics Corporate Culture Cybersecurity and Data Privacy Workforce Diversity, Training and Development Stakeholder Impact and Community Engagement Figure 4: UHREIT’s FY2024 Double Materiality Assessment Results for EESG Topics Environment Social Governance Economic 67 ANNUAL REPORT 2025
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