SUSTAINABLE SUPPLY CHAIN MANAGEMENT APPROACH Yanlord’s expansive and diverse business operations are supported by multiple levels of the organisation and a wide network of business partners and customers across our value chain. In both the PRC and Singapore, we collaborate closely with three primary categories of suppliers, contractors, and vendors — those providing construction services, consultancy, and products. These partners support a wide range of activities, from property development and maintenance to cleaning, security, and housekeeping services across our investment properties and hospitality operations. Downstream, our value chain includes Yanlord’s customers, such as residents, tenants, guests, and visitors across the markets we serve. We firmly believe that embedding sustainable practices across the value chain is essential to robust sustainability governance. As part of this commitment, we proactively choose environmentally friendly materials wherever feasible — for example, by replacing oil-based paints with water-based alternatives. In supplier selection, Yanlord conducts peer benchmarking to evaluate vendors based on key ESG criteria, including corporate governance, environmental responsibility, and community engagement. Preference is given to suppliers demonstrating strong performance in these areas. Our supplier assessment process is rigorous and multi-staged. During the pre-tender stage, we thoroughly screen suppliers to ensure they meet our quality and environmental standards. This includes reviewing their production standards, conducting site visits, and performing sample checks to confirm compliance. Upon delivery, we verify the products’ quality and environmental inspection reports. Following installation, if required, third-party environmental testing is conducted to validate safety and compliance. After project delivery, we collect feedback on product quality and after-sales service to guide future supplier selection. Environmental requirements for suppliers must meet the latest national standards as well as project-specific local regulatory requirements. These include, but are not limited to, ultra-low energy consumption standards, water efficiency benchmarks, and clean energy guidelines. Our goal is to further integrate our business partners and customers into our sustainability journey by encouraging the adoption of socially and environmentally responsible practices in their operations and daily lives. Through this holistic approach to sustainability governance, Yanlord aims to build enduring relationships based on mutual respect for the environment and local communities, thereby creating shared value for the long term. We also place a strong emphasis on integrity in our supplier relationships, requiring proper documentation of credibility and adherence to stringent quality standards. To enhance transparency and efficiency, we continue to leverage the Sunshine Procurement Platform, which recorded a significant increase in registered suppliers and materials in FY 2024. Perpetual Target FY 2024 Performance 100% of projects procured by Yanlord are through the Sunshine Procurement Platform. Achieved Target and Performance Suppliers Registered in Sunshine Procurement Platform FY 2024 FY 2023 4,471 suppliers for 241 types of materials and products registered in the database 4,114 suppliers for 225 types of materials and products registered in the database Contents Introduction Approach to Sustainability Upholding Good Governance Caring for Our Customers Empowering Our People Preserving Our Planet Creating Shared Value for Our Society GRI Content Index 78 Yanlord Land Group Limited Sustainability Report 2024
RkJQdWJsaXNoZXIy NTkwNzg=