Sustainability

Overview

Our Sustainability Performance

Due to our uncompromising adherence to our ESG principles, we managed to reach several important milestones. Building on this year’s accomplishments, we intend to achieve even greater success in our sustainability journey and positive environmental impacts, aligning with Bursa Malaysia’s Sustainability Reporting Guide, the Global Reporting Initiatives (GRI) Standards, United Nations Sustainable Development Goals (UNSDG), FTSE4Good Bursa Malaysia Index and the Task Force on Climate-related Financia Disclosures (TCFD) Framework.

How We Contribute to the UN SDGs

The 2030 Agenda for Sustainable Development is a comprehensive blueprint adopted by all United Nations Member States in 2015, designed to tackle global social and environmental challenges. This agenda consists of 17 Sustainable Development Goals ("SDGs") that serve as a universal call to action for creating a sustainable and equitable future.

In 2024, KIP REIT continues its commitment to advancing specific SDGs, significantly contributing to key areas such as:

No Poverty

Provided support to 523 underprivileged community members.

Zero Hunger

Distributed food to 4,430 participants during Ramadan and Hari Raya Haji.

Good Health and Well-being

  • Organized 14 blood donation programmes.
  • Medical insurance coverage for all employees.

Quality Education

Achieved 2,408 training hours for all KIP REIT employees.

Gender Equality

33.33% of our Board of Directors, and 53% of our employees are female.

Clean Water and Sanitation

Recorded with 14% reduction in the water intensity.

Affordable and Clean Energy

Generated 4,814,887 kwh of solar energy in 2024.

Decent Work and Economic Growth

  • 22% increase in the revenue recorded in 2024.
  • RM12.2 million invested in Asset Enhancement Initiatives ("AEIs").

Industry, Innovation and Infrastructure

100% purchase with local suppliers.

Reduced Inequalities

Establishment of Diversity Policy and Labour and Human Rights Policy in 2024.

Sustainable Cities and Communities

Installation of solar panels in all 6 KIPMalls.

Responsible Consumption and Production

  • Diverted 96.6 tonnes of our waste away from landfills in 2024.
  • 43% of new suppliers assessed based on environmental criteria.

Climate Action

Additional disclosure of Scope 1 and Scope 3 emissions in 2024.

Peace, Justice and Strong Institutions

0 corruption cases reported in 2024.

Key Sustainability Highlights in FY 2024

Our Sustainability Journey

We began our journey in 2018 with our first Sustainability Statement, and will continue to drive our sustainability performance as we endeavour to meet and actively expand our ESG ambitions.