Health, Safety and Satisfaction of Stakeholders
At PRIME, we deeply value the health, safety, and well-being of our employees, tenants, and the wider community. We are committed to fostering a safe and supportive work environment, striving each year to achieve zero workplace injuries and fatalities. While we take pride in maintaining a strong safety record, we recognise that potential risks, such as fire hazards, ergonomic issues, and building safety concerns, require continuous attention and proactive management.
To uphold this commitment to safety, we have established measures that help us monitor and improve workplace well-being. In FY2024, we reported one (1) minor incident of workplace injury at one of PRIME’s properties in the U.S. The affected LPC engineering staff received immediate medical attention, has since made a full recovery and returned to work. A team review was conducted to analyse the incident and stress the need for careful, deliberate actions during maintenance tasks. New safety measures were rolled out and refresher safety training was also provided.
Although we do not have a formal health and safety policy specifically for the six (6) employees based in Singapore, they adhere to established safety procedures, such as fire evacuation protocols set by the office building management. We understand the importance of structured policies and will continue to evaluate ways to enhance safety frameworks for all employees, regardless of location. In addition, we provide comprehensive medical and healthcare benefits to support the overall well-being of our team.
Beyond internal measures, we actively engage with tenants to promote workplace safety across our properties. Tenants are encouraged to share safety concerns through dedicated feedback channels, which allow us to promptly address and improve health and safety practices. Maintaining open communication ensures that we can adapt to emerging risks and continuously enhance workplace safety for everyone.
The importance of stakeholder health, safety and satisfaction for PRIME remains consistent, including:
Tenant Retention
Prioritising tenant well-being fosters satisfaction and encourages lease renewals.
Investor Confidence
Prioritising stakeholder well-being influences PRIME's reputation and investor appeal.
Employee Well-being
Maintaining safety cultivates productivity and talent retention.
Community Impact
Promoting stakeholder health showcases PRIME's commitment to social responsibility and community welfare.
For more information, please refer to page 104 to 116 of PRIME's 2024 Annual Report.