Pelaburan Hartanah Berhad (PHB), together with RAM Sustainability Sdn Bhd (RAM Sustainability) recently announced the upgrade of PHB’s Corporate Sustainability Rating to Gold1 from Gold3.
This upgrade follows RAM Sustainability’s annual review, which also saw PHB achieves the highest possible rating of Platinum for the Social pillar, a significant ascent from its previous Gold3 rating. Concurrently, the ratings for the Group’s Environmental pillar was upgraded to Gold2 from Silver3 while the Governance pillar was affirmed at Gold2.
Group Managing Director/Chief Executive Officer of PHB, Mohamad Damshal Awang Damit, said, “The upgrade of our overall Sustainability Rating to Gold1 marks a significant milestone in PHB’s sustainability journey. We are equally proud to have achieved a Platinum rating for our Social performance, which validates our mandate of deriving value from commercial real estate for the benefit of the Bumiputera community and to do so responsibly.”
“Moving forward, we remain committed to our 3-Year Risk Strategy Blueprint and our Environmental Roadmap 2030. By integrating robust Environmental, Social, and Governance (ESG) criteria into our supply chain and focusing on socioeconomic empowerment initiatives, we ensure that PHB’s growth translates into tangible, positive impacts for our tenants, investors, and the wider community.”
“PHB’s Sustainability Rating upgrade demonstrates solid ESG progress achieved through the continuous adoption of best sustainability practices,” said Chief Executive Officer of RAM Sustainability, Gladys Chua.
“It underscores the Group’s commitment to environmental stewardship as well as social initiatives that support socioeconomic empowerment and inclusive local growth for the Bumiputera community,” she added.
