KUALA LUMPUR, April 30 (Bernama) – Pelaburan Hartanah Bhd (PHB), Yayasan Amanah Hartanah Bumiputera's operational arm, achieves Gold3 Sustainability Rating, positioning it in the top half of RAM Sustainability Sdn Bhd's overall rating portfolio.
In a joint statement today, PHB and RAM Sustainability said the rating demonstrates PHB's commitment to integrating environmental, social and corporate governance (ESG) standards into its property investment and operational practices, while simultaneously pursuing financial results for its stakeholders.
Group managing director and chief executive officer Mohamad Damshal Awang Damit said PHB's strong sustainability performance reflects the success of its consistent ESG efforts.
These efforts lay the groundwork for the real estate portfolio to perform well in the long run, he said.
“As ESG becomes more important for managing finances and risks, PHB strives to strike a good balance between ESG adoption and the positive economic values it brings for our tenants and Amanah Hartanah Bumiputera (AHB) investors,” he added.
According to Mohamad Damshal, the sustainability rating exercise by RAM Sustainability provides a baseline for PHB to strategise its ESG efforts moving forward.
“Over the next three years, we plan to close the Scope 3 monitoring and supply chain management requirements gaps and improve the comprehensiveness of our data collection.
“We anticipate that this will place PHB in the top 10 per cent of its peer group and consequently result in positive financial and operational outcomes," he said.
PHB works closely with its property managers and adopts integrated Occupational Safety and Health Administration management, supported by the International Organisation for Standardisation (ISO) certifications.
With a vision to enhance environmental stewardship, PHB aims to increase its portfolio of green buildings from 28 per cent to 50 per cent over the next seven years, underpinned by its ESG policy and framework.
-- BERNAMA
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