74 CapitaLand Integrated Commercial Trust Risk Management MATERIAL RISKS KEY MITIGATING ACTIONS • Proactive leasing strategy to ensure a diversified tenant base and a well spread lease expiry profile. • Build loyalty with proactive tenant management strategies to understand and address tenants’ changing needs and regular engagement to improve tenant retention rate. • Closely monitor tenants’ sales performance and occupancy costs to ensure sustainable trade mix for CICT Group’s retail properties. • Review asset plan and carry out asset enhancements to maintain relevance and appeal of CICT Group’s assets. • Actively monitor relevant leasing trends and market transactions in the market to ensure competitiveness of CICT Group’s properties. • 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 CICT Group’s properties. • 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 CICT Group and our supply chain. • Leverage CLI's well-established occupational health and safety management system which is externally certified to ISO 45001 in 19 countries. • For more information, please refer to CICT’s website: https://www. cict.com.sg/social.html. • Increased expectations from stakeholders to provide a safe and healthy environment, including wellbeing, at our assets and operations. Safety, Health and Well-being Sales and Leasing Risk
RkJQdWJsaXNoZXIy NTkwNzg=