Safety Management

The Manager recognises the importance and duty of ensuring the health and safety of employees and occupants in K-REIT Asia’s buildings. This duty includes ensuring the safety of the working environment, and providing information, training and supervision to employees.

To manage the full spectrum of health and safety-related risks in the workplace, the Manager has put in place a Safety Management System (SMS) in all K-REIT Asia’s buildings. Under the SMS, all contractors are required to comply with standard procedures such as safe work practices, hazard identifications and risk assessments, safety inspections and audits, controls of use of hazardous substances and emergency preparedness.

The Manager of K-REIT Asia is committed to: Make available adequate resources, identify and evaluate safety and health risks related to its operations that will potentially affect its employees, co-workers, contractors, visitors and public Set measurable targets to control such risks including monitoring their progress through audit and periodic reviews Conduct, communicate and share with employees and others who might be affected by its operations, knowledge about the safety and health effects of its operations Emphasise to all employees and others working on its behalf their responsibility, accountability and commitment to observing all safety and health rules, practices and laws that apply to their job, and for taking precautions necessary to protect them, their co-workers, contractors, visitors and the public from harm which may arise out of work activities Strive for continuous improvements by regularly reviewing operations and processes, risk assessment and controls, and to measure progress and to ensure compliance with the relevant legislative requirements Employees are encouraged to expand their knowledge on safety by undergoing regular training for safety management.

In 2008, the Manager also implemented a yearly external audit by a safety consultant to assess the safety aspects of all building operations within the entire portfolio of properties. All findings and recommendations from the safety consultant were taken into account and implemented where appropriate. To further improve the individual property managers’ knowledge of safety management, all such personnel were trained in the management of chemicals or hazardous substances, particularly those used in K-REIT Asia’s buildings. A permit-to-work system was also introduced in all buildings for highrisk activities such as demolition, work at height and lifting operations involving the use of mobile crane equipment. To raise awareness of safety amongst employees and tenants, the Manager held health and safety exhibitions at K-REIT Asia’s building lobbies. Plans for 2009 In an effort to continually improve, the Manager will be placing particular attention on the education of employees, property management staff and tenants of K-REIT Asia’s buildings. Training programmes will be arranged for all property managers to cover topics such as risk management, fire safety and workplace safety and health management. Further exhibitions and awareness campaigns are also in the pipeline. In addition to holding health and safety exhibitions in the coming year, the Manager will also be looking into the possibility of equipping appointed fire wardens with additional equipment and provisions for use in emergency situations.