Sustainability

ESG Initiatives

Environment

COMPLETED

  • Converted conventional lighting to energy-efficient LED systems, optimizing energy consumption while enhancing lighting quality
  • Installed electric vehicle charging stations across 6 KIPMalls, advancing sustainable mobility infrastructure and enhancing customer convenience
  • Installed the first Climate Risk Policy, Energy Management Policy, and Waste Management Policy

IN PROGRESS

  • Execute 20-year service agreement with KJTS for comprehensive chiller plant upgrades, targeting 15% reduction in energy costs through enhanced energy efficiency
  • Expand solar power capacity from 4.116 MWp to 4.549 MWp through strategic upgrades at KIPMall Tampoi and KIPMall Masai, strengthening renewable energy capabilities
  • Invest in ServeDeck software to digitise operations, transforming paper-based workflows into streamlined online processes for enhanced efficiency

NEXT INITIATIVE

  • Obtaining GreenRe certificate for KIPMall Bangi and KIPMall Tampoi, strengthening green building credentials and property sustainability ratings

Social

COMPLETED

  • Maintained 33.33% female representation on the Board of Directors and 66.67% female representation in senior management positions, upholding gender diversity commitments
  • Issue the Occupational Health and Safety Policy for shopping mall operation
  • Implemented flexible working hours policy to promote work-life balance and enhance employee satisfaction
  • Introduced additional 2 days annual leave benefit for employees with over 2 years of service, recognising tenure and supporting employee retention initiatives
  • Joined CEO Action Network, a collaborative platform of listed and major unlisted company CEOs driving collective ESG advancement and sustainable business practices across the corporate sector

IN PROGRESS

  • Increase training hours and training costs, enhancing employee skills development, professional growth opportunities, and organisational capability building

NEXT INITIATIVE

  • Rolling out our debut Employee Wellbeing Month, reinforcing our commitment to holistic employee health and workplace satisfaction

Governance

COMPLETED

  • Issued the new Anti-Bribery and Corruption (ABC) Policy
  • Issued the new Gift, Hospitality, Donations and Similar Benefits Policy
  • Issued the first Directors’ Conflict of Interest Policy
  • Issued the new Employees’ Conflict of Interest Policy
  • Issued the new Whistleblowing Policy

IN PROGRESS

  • Initiate gap assessment in technology risk management to identify vulnerabilities and strengthen IT infrastructure resilience
  • Launch 12-month cybersecurity training program for all employees to enhance security awareness and strengthen organisational cyber resilience

NEXT INITIATIVE

  • Issuing the first Personal Data Protection Policy
  • Issuing the first Suppliers’ Code of Conduct