Axis-REIT’s Unitholders’ capital, Sukuk funds, revolving credit facilities, investments, and rental income that are used to support the Fund’s business and operations
Manufactured
Our structured processes, which include Axis-REIT’s diverse portfolio of properties and management services that provide the framework for how we do business and create value
Social & Relationship
Stakeholder relationships, including relationships with our suppliers, regulators, and the communities in which we operate, as we recognise the need for interdependent relationships in building a thriving society
Human
Our culture and people, collective information, skills, and experience that enable innovative and competitive developments and initiatives for our tenants and other stakeholders
Intellectual
The expertise and knowledge inherent to the Manager that can be reproduced and shared for sustainable growth
Natural
All environmental resources and processes that support current and future prosperity for our business and all our stakeholders through the limitation of negative contributions towards climate change
Undertaking capital raising to pare down financing
and provide financial headroom for acquisitions
Managing financial resources through the
implementation of a disciplined investment strategy
Maintaining a proactive portfolio management
strategy to preserve and enhance the value of
properties
Adopting cost discipline and optimisation of capital
structure
Maintaining an optimal balance of short and
long-term financing through a prudent capital
management strategy
Identifying further opportunities for green financing
and other green or sustainability-linked financing
Active marketing of spaces to prospective tenants
with increased reach through digital marketing channels
Regularly reviewing new opportunities for development
AEIs
Focusing on manufacturing facilities and logistics
warehouses to cater to demand for efficient distribution
and supply chain solutions
Incorporating green building designs and features, in line
with our Environmental Policy
Incorporating ESG considerations in the annual vendor/
contractor evaluation process
Engaging with existing tenants on space and facility
requirements
Providing supplier training courses covering renovation
guidelines, working at height, electrical safety, safe
chemical handling, and adherence to our HSE policy
Enhancing the whistleblowing channel for effective
reporting
Organising community investment initiatives with
St John Ambulance of Malaysia (SJAM) and welfare home,
IQ70+
Enhancing the Supplier Code of Conduct by including
clauses related to human rights and fair labour practices
Conducting human rights assessments/audits for
contractors engaged in our Bukit Raja Distribution Centre 2
development
Enhancing our Code of Conduct by including clauses
related to non-discrimination and fair labour practices
Providing funding from the Manager for qualified
employees’ children to pursue education opportunities
through the Axis Education Fund
Adhering to the HSE Policy and enforcement by on-site
managers
Requiring contractors to furnish Job Safety Analysis
(JSA) with risk assessments
Conducting safety awareness and training for new
employees, external service providers, and contractors
Conducting “lessons learned” training for employees
to discuss case studies of past safety incidents
Adhering to SOPs to protect the health and wellbeing
of employees and other stakeholders
Providing employee engagement programmes such as
ongoing learning opportunities, year-end performance
appraisals, annual dinners, and company trips
Providing equal employment benefits to both
permanent and contract employees
Disseminating information on the Fund’s properties and services to real estate agents via annual virtual roadshows
Maintaining seamless communication with tenants via our portal to address their service requests, feedback, and complaints
Safeguarding tenants’ data by maintaining proper IT infrastructure and constant upgrades of our IT security systems
Conducting due diligence exercises for potential new
acquisitions that include ESG considerations
Incorporating ESG criteria for ”built-to-lease’ developments
Installation of rainwater harvesting systems for landscaping
and general cleaning
Upgrading air conditioning systems at selected sites to more
environmentally-friendly systems
Replaced conventional lighting with energy-efficient LED light
fittings and water-saving appliances within multi-tenanted
buildings
Providing recycling bins and repositories for the collection of
recyclable waste and electronic waste (e-waste)
Facilitated the installation of TNB smart meters at 96.7% of
our properties, to regularly monitor energy more efficiently
Distributing electronic circulars to tenants instead of printed
hardcopies
Incorporating considerations for green building certifications
when evaluating potential new acquisitions
Obtaining green building certifications for existing properties
undergoing major refurbishments, where possible
Incorporating sustainability considerations into AEIs such as
sourcing of sustainable materials and installing
energy-efficient fittings
Engaged with an independent energy consultant to conduct
building audits on energy and water consumption
Set a target to reduce water consumption by 1% in 5 years
(2022 to 2026) against the 2019 baseline year
Set a target to reduce energy consumption and GHG
emissions (Scope 1 and 2 combined) by at least 1% within
5 years (2022 to 2026) against the 2019 baseline year
Completion of 4 yield-accretive acquisitions for a total
consideration of RM479.3 million
Improvement in revenue and net property income,
which grew 15.6% and 15.2% yoy to RM284.5
million and RM245.3 million respectively
Economic value distributed increased by 16.3% to
RM199.4 million
Liquidity remained strong at RM326.5 million
Committed RM170 million in sustainability-linked
financing to-date
Entered a 10-year sustainability-linked IPRS with ESG KPIs
and sustainability SPTs
Achieved tenant occupancy rate of 95% and a rental
reversion of 3.3%
Secured tenancies for 1.9 million sq. ft. out of the 2.5
million sq. ft. of space that came up for renewal
during 2022, which translates to a 77% tenant
retention rate
Invested RM14.7 million in 11 strategic AEIs
No cases of compliance breaches were reported
100% of qualified vendors are local entities
The total number of suppliers increased by 49.2% with
total procurement amounting to RM57.3 million
A total of 93 training hours were offered to suppliers over
31 training sessions
No reported incidents or grievances related to
discrimination, child labour, or forced labour issues
Community investment of RM193,000 was channelled into
donations for an ambulance and the provision of health
services for children with disabilities
Annual allocation of RM150,000 by the Manager to
support qualified employees’ children in furthering
their education
No fatalities, Lost Time Injury (LTI), restricted work,
medical treatment cases, or first aid cases
No fines or sanctions for non-compliance with
occupational health & safety-related laws and
regulations
Average training hours per employee increased by 50%
from the previous year
100% of employees received regular performance and
career development reviews
92% of employees participated in the Employee
Satisfaction Survey, which drew an average net
promoter score of 8.44 out of 10
7 new hires in 2022 and a 6% turnover rate
Gender pay ratio (male to female) stood at 1:1 from
middle to senior management
Hosted a virtual roadshow engaging 143 agents from
14 real estate companies
Maintained tenant satisfaction rating for service
requests on Hello Axis at 4.22 out of 5, against the
target score of 4 and above
Improved the annual tenant satisfaction survey score
to 7.49 out of 10 which is a marginal 2.5% increase
from 2021
Enhanced IT security systems with zero incidents of
cybersecurity breaches
Water consumption increased by 0.5%, and Water Use
Intensity (WUI) increased by 0.04 m3/sq. ft. when
compared to data from the 2019 baseline year
Total energy consumption and GHG emissions
decreased by 10% when compared to the 2019
baseline year
Collected 19,768 kg of waste paper, 7,421 kg of glass
and metal, 4,284 kg of plastic and 4,281 kg of e-waste
from our multi-tenanted properties
Recycled or reused 5,301,650 kg of construction waste
from our development project and major AEI
No fines or sanctions for non-compliance with
environmental laws and regulations
Acquired DW1 Logistics Warehouse, which is a
GBI-certified building
Received provisional GreenRE Gold-certification for
Bukit Raja Distribution Centre 2 development and
provisional GreenRE Silver-certification for Axis
Facility 2 @ Bukit Raja
