Pelaburan Hartanah Berhad Attains Gold Sustainability Rating from RAM Sustainability

Published on 30 Apr 2024.

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SHAH ALAM, 30 APRIL 2024: Pelaburan Hartanah Berhad (PHB), the operational arm of Yayasan Amanah Hartanah Bumiputera (YAHB), today 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.

"Our strong sustainability performance demonstrates the success of our consistent ESG efforts, laying the groundwork for our real estate portfolio to perform in the long run," said Group Managing Director/Chief Executive Officer of PHB, Mohamad Damshal Awang Damit. 

"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. 

Chief Executive Officer of RAM Sustainability, Gladys Chua Pei Rong, stated, "The G₃ Sustainability Rating awarded to PHB reflects its strong governance and social performance, as demonstrated by an independent board, comprehensive risk and sustainability frameworks as well as the customer-centric approach in its operations. The organization'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 & 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 percent from 28 percent over the next seven years, underpinned by its ESG policy and framework. 

Mohamad Damshal added, "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. 

Scope 3 emissions encompass indirect emissions occurring in the company's value chain, which are not accounted for in Scope 1 and Scope 2.

 

Media Contact (PHB)
Amalia Hasannudin
Assistant Manager, Corporate Communications
Office: 03-7711 3185 | Mobile: 012-351 4357
amalia@phb.com.my 

Media Contact (RAM)
Sakinah Arifin
VP, Corporate Communications
Office: 03-3385 2500 | Mobile: 014-267 5030
sakinah@ram.com.my

 

ABOUT PELABURAN HARTANAH BERHAD
Established in May 2006, Pelaburan Hartanah Berhad (PHB) is a property investment company and a subsidiary of Yayasan Amanah Hartanah Bumiputera (YAHB). PHB is founded on the following core principles, enhancing shareholder and investor values, practising sound corporate governance, fostering innovation and growth and cultivating talent and reward performance. PHB’s goal is to enable long-term growth through managing, investing in and expanding its core businesses in the prime commercial real estate investment sector. More information can be found at https://www.phb.com.my/

ABOUT RAM SUSTAINABILITY SDN BHD 
RAM Sustainability is a provider of sustainability services and Environment, Social and Governance (ESG) analytics. Incorporated on 31 May 2000, it is a wholly owned subsidiary of RAM Holdings Berhad. RAM Sustainability is the first ASEAN-based provider of ESG ratings and second opinions. It also has the distinction of being the first Registered Observer of the International Capital Market Association’s Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines in the ASEAN region. On 12 August 2020, we became an Approved Verifier for the certification of climate bonds under the Climate Bonds Standard & Certification Scheme, after having been awarded the status by the Climate Bonds Standards Board. For further details, see https://www.ram.com.my/sustainability.