SHAH ALAM - Pelaburan Hartanah Berhad (PHB) announced its attainment of a Gold3 Sustainability Rating from RAM Sustainability Sdn Bhd (RAM Sustainability) highlighting PHB's exemplary sustainability performance in the property investment sector.
The rating positions PHB among the top half of RAM Sustainability’s overall rating portfolio, and demonstrates PHB’s commitment to integrating Environmental, Social and Governance (ESG) standards into its property investment and operational practices while pursuing financial results for its stakeholders.
Group Managing Director and Chief Executive Officer of PHB Mohamad Damshal Awang Damit said their strong sustainability performance demonstrates the success of their consistent ESG efforts, laying the groundwork for our real estate portfolio to perform in the long run.
"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.
Meanwhile, Chief Executive Officer of RAM Sustainability Gladys Chua Pei Rong said the G3 Sustainability Rating reflects its strong governance and social performance, comprehensive risk and sustainability frameworks as well as the customer-centric approach in its operations.
"The organisation's practical measures of anti-bribery and corruption are evident throughout its operations.
"As a government-linked property investment entity with a significant Bumiputera mandate, RAM Sustainability applauds PHB's proactive approach to ESG, which is essential for PHB to effectively carry out its mission," she said.
PHB practices close collaborations with its property managers and adopts integrated Occupational Safety and Health Administration management, backed by ISO certifications.
With a vision to enhance environmental stewardship, PHB aims to elevate its portfolio of green buildings to 50 per cent from 28 per cent over the next seven years, underpinned by its ESG policy and framework.
Mohamad Damshal further commented that the sustainability rating exercise by RAM Sustainability provides a baseline for PHB to strategize 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 percent of its peer group and consequently positive financial and operational outcomes," he said.