IOI Properties Group Launches Roadmap 2030 For Sustainable Developments
PUTRAJAYA, Nov 14 (Bernama) -- IOI Properties Group Bhd (IOIPG) today launched its IOI Sustain Roadmap 2030 (ISR 2030), a strategic blueprint designed to drive sustainable progress across all facets of the group’s operations, permeating through all levels of its organisation.
IOIPG group chief operating officer (Property Development) Teh Chin Guan said the ISR 2030 outlines 12 strategic pillars driving the group's initiatives towards addressing pertinent Economic, Environmental, Social and Governance (EESG) aspects.
"The roadmap consists of 12 key strategies aimed to address climate change, biodiversity, waste management, sustainable finance, supply chain management, employee well-being as well as sustainability risks and opportunities," he said in his speech at the launch of the roadmap by Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad.
Teh said through ISR 2030, IOIPG will continue to create sustainable developments, ensuring long-term value creation while supporting global climate goals.
He said under the ISR 2030, the group is dedicated to designing sustainable homes and commercial buildings that prioritise green features and minimise environmental impact.
"Guided by our ISR 2030, we are embracing renewable energy and proactively addressing climate risks, future-proofing our developments and assets for climate resilience.
"We are strategically investing in solar energy generation for properties within our portfolio, including sales galleria, retail malls, office towers and landed residential products. These investments contribute significantly to overall emission reductions towards our low carbon objectives," he said.
Meanwhile, IOIPG chief operating officer (Property Investment) Chris Chong Voon Fooi said the group's IOI City Mall here has been fully equipped with the solar photovoltaic (PV) system.
"The newly energised solar PV system complements the mall’s existing 3.5 Megawatt peak (MWp) system with 3,358 total carbon dioxide (tCO2) emissions avoidance per year.
"Officially opened in 2014, IOI City Mall was the first shopping mall in Malaysia to be assessed by Malaysia Green Building Council (MGBC) for its Carbon Score, rated 44 per cent towards zero carbon building," he said.
IOIPG appointed TERA VA Sdn Bhd (TERA) to house, install and maintain a solar PV system to supply renewable energy for IOI City Mall’s day-to-day operations requirements.
The installation of the panels began in January and was completed in March 2024.
In addition to that, the installation work on a 250.4 kilowatt peak (kWp) solar PV system for IOIPG’s Palm Garden Golf Club has also been concluded, while a 2,336 kWp solar PV system is nearing completion in IOI Mall Puchong, with an expected emissions avoidance of 2,367.40 tCO2 per annum.
-- BERNAMA
