The board and the Manager of Keppel Pacific Oak US REIT are fully committed to good corporate governance as they firmly believe that it is essential in protecting the interests of the Unitholders. The Manager adopts the Code of Corporate Governance 2012 as its benchmark for corporate governance policies and practices.
Proactive and effective risk management is a fundamental part of Keppel Pacific Oak US REIT’s business strategy. The Enterprise Risk Management framework, which forms part of Keppel Pacific Oak US REIT’s System of Management Controls, provides a holistic and systematic approach to risk management. It outlines the reporting structure, monitoring mechanisms, specific risk management processes and tools, as well as Keppel Pacific Oak US REIT’s policies and limits addressing and managing key risks identified.
The Manager recognises that energy consumption is a growing concern and advanced energy efficiency measures can drive significant cost savings. Energy savings are achieved through the optimisation of operations and processes, technological improvements, including the adoption of more sustainable building designs and materials, as well as the use of energy-efficient equipment and devices. The Manager is committed to reduce greenhouse gas emission levels through initiatives to improve the energy efficiency of its properties, in addition to water-saving practices. Where possible, the Manager aligns with external standards such as the US Green Building Council's Leadership in Energy and Environmental Design (LEED) certification and the US Environmental Protection Agency's ENERGY STAR® Rating for its properties.
Safety and Health
The Manager is committed to prioritising safety as a core value and providing a safe and healthy workplace for all its stakeholders, guided by the Keppel Zero Fatality Strategy’s five components designed to reduce workplace fatalities to zero:
- Adopt a proactive approach to safety management
- Build a high-performance safety culture
- Harmonise global safety practices & competency
- Leverage technology to mitigate safety risks
- Streamline learning from incidents
Recognising that people are its greatest asset, the Manager strives to nurture and develop its talent pool to create long-term value for Keppel Pacific Oak US REIT and its Unitholders. Its human resource strategy is based on fostering a motivated and skilled workforce to maximise potential, harness innovation, as well as promote personal and professional growth. This strategy is three-pronged, focusing on career development, employee well-being and employee engagement.
As a responsible corporate citizen, the Manager is committed to nurturing local communities and supporting initiatives that create a lasting positive impact.
The Manager seeks to serve as a catalyst of positive development. It bolsters philanthropic giving with employee volunteerism led by Keppel Volunteers, the Keppel Group's volunteer movement.