MENU PLACES PEOPLE PARTNERS PERFORMANCE PEPERFORFORRMMAANNCCEE (ENVIRONMENT) ((EECCONOONOMMIICC)) Performance (Economic) 2022 Progress Corporate Governance Risk Management and Internal Controls Green Financing Investor Relations Existing Risks and Possible Impacts Risk Trend Mitigation Measures Business disruption • A business recovery plan for major incidents, and Severe disruption to the business caused other business compliance measures for specific by acts of man or acts of nature may scenarios, operational emergencies and health and have adverse financial effects on the safety, are in place and are regularly updated and Company. tested. • In response to pandemic, standard operating procedures and guidelines are in place, ensuring intensive cleaning and disinfection of our premises. Government’s requirements and guidelines on pandemic or social distancing are strictly observed. • Strategic plans are regularly reviewed to maintain business resilience and sustainability. • Conduct site surveys and consult professional advisors to ensure properties in earthquake and hurricane zones are built to meet the relevant building codes and safety standards. • Purchase insurance to the extent practicable to cover financial loss due to property damage, business interruption and third-party liabilities. Business risks • Obtain suitable reserves of land, reinforce The lack of compelling development existing assets and actively explore investment projects and business disruption may opportunities. lead to a slowdown in business and so • Monitor and evaluate disruptive business models, affect financial performance. with a view to making our operations more robust. • Enhance competitiveness by increasing efficiency, using appropriate technology and operational procedures. Development risks • Closely work with contractors to monitor and Delay in the completion of manage construction progress in order to avoid developments may have an adverse delays. financial effect by delaying the timing of • Stringent contractor prequalification requirements property sales and leasing. and stringent requirements for approving design changes. • Build in contingencies for statutory approvals and communicate with government authorities on a timely basis. SUSTAINABLE DEVELOPMENT REPORT 2022 254