Putrajaya, 14 November 2024 – IOI Properties Group Berhad (“IOIPG”) officially launched its IOI Sustain Roadmap 2030 (“ISR 2030”), a strategic blueprint designed to drive sustainable progress across all facets of the Group’s operations and permeating through all levels of its organisation. The ISR 2030 outlines 12 strategic pillars driving IOIPG’s initiatives towards addressing pertinent Economic, Environmental, Social and Governance (EESG) aspects.

The blueprint focuses on strategic initiatives to address climate change, biodiversity, waste management, sustainable finance, supply chain management, employee well-being as well as sustainability risks and opportunities. Through ISR 2030, IOIPG will continue to create sustainable developments, ensuring long-term value creation while supporting global climate goals.

In line with IOIPG’s decarbonisation strategy, the Group made another stride towards its net-zero aspirations with the energising of the largest mall PV solar system at its IOI City Mall in Putrajaya, the largest mall in Malaysia and Southeast Asia. This was in partnership with TERA VA Sdn Bhd (“TERA”) whereby the 4,005 kWp (4 MWp) solar photovoltaic (PV) system is expected to generate 19,279 GJ of energy with expected carbon emissions avoidance of 4,059.34 tCO₂ annually.

“Our Group Sustainability Policy aims to drive innovative initiatives for positive economic, environmental and societal impact. We are dedicated to designing sustainable homes and commercial buildings that prioritise green features and minimises environmental impact. Guided by our IOI Sustain Roadmap, we are embracing renewable energy, and, to proactively addressing climate risks, future proofing our developments and assets for climate resilience,” said IOIPG Group Chief Operating Officer (Property Development), Teh Chin Guan.

“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,” Teh added.

“The newly energised solar PV system complements the mall’s existing 3.5 MWp system with 3,358 tCO₂ emissions avoidance per year. Officially opened in 2014, IOI City Mall is the largest retail mall in Malaysia with a total net lettable area (NLA) of 2.5 million square feet. It was the first shopping mall in Malaysia to be assessed by Malaysia Green Building Council (MGBC) for its Carbon Score, rated 44% towards zero carbon building,” stated IOIPG Chief Operating Officer (Property Investment) Chris Chong. With the completion of solar panels at IOI City Mall phase 2 and Palm Garden Golf Club, our total installed capacity would increase to 9,048.9 kWp by end of the year, with expected annual avoided emissions of 9,170.53 tCO₂. IOIPG will continue to focus on its commitment in reducing its Scope 2 and 3 carbon emissions by prioritising renewable energy with continued investment in solar PV systems, advancing climate change mitigation initiatives towards net-zero emissions,” Chris Chong continued.

TERA is one of IOIPG’s partners in its journey of sustainability, particularly in renewable energy (RE) investment and emissions reduction. In January 2024, IOIPG appointed TERA to house, install and maintain a solar PV system to supply renewable energy for IOI City Mall’s day-to-day operations requirements. Installation of the panels began in January and was completed in March 2024. In addition to IOI City Mall, work on a 250.4 kWp solar PV system for IOIPG’s Palm Garden Golf Club has also been concluded. 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. In total, TERA’s solutions enable IOIPG to avoid 6,680.01 tCO₂ yearly.

TERA Managing Director Michael Leong said, “The energising comes upon receiving feed-in-tariff approval for the solar PV panels totalling 188,674 square feet on the mall’s rooftop by the Sustainable Energy Development Authority Malaysia. The installation and energising of the solar PV system for largest shopping mall in Malaysia and Southeast Asia represents yet another milestone in our journey of supporting the nation’s green energy transition. The scale of this rooftop called on our engineering capability to deploy optimised solutions with high yield and sustained reliability to reduce the total cost of ownership. We look forward to continue working closely with IOIPG in energising more of their portfolio in support of the nation’s RE aspirations.”

During the launch event, the topic of Sustainable and Climate-Resilient Developments was discussed amongst notable and esteemed panel of experts as well as advocates from the sustainability sphere.

The forum, moderated by IOIPG Head of Group Corporate Sustainability, Kristine Ng, was insightful with the participation from the stellar line-up of speakers namely:

·      Ar Dr Serina Hijjas, President of Malaysian Green Building Council (MGBC)

·      Dr Henry Chan, Senior Director of Conservation of World Wildlife Fund (WWF)

·      Michael Leong, Managing Director, TERA

·      Shanta Helena Dwarkasing, Head of Programmes, Forward Faster Initiatives, United Nations Global Compact (UNGC)

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About IOI Properties Group

IOI Properties Group Berhad (“IOIPG”) is one of the leading public-listed property developers in Malaysia with a legacy of more than four decades in business. IOIPG’s three core businesses are Property Development, Property Investment, and Hospitality and Leisure.

Over the years, the Group’s Property Development segment has successfully developed sustainable townships, industrial parks and commercial enclaves in sought-after regions of Klang Valley and established a strong presence in Johor, in the southern region of Malaysia as well as Penang, while continuing to expand abroad. Beyond Malaysia, IOIPG has achieved notable success in Singapore and the People’s Republic of China (PRC). Residential and integrated mixed developments in Singapore include Seascape and Cape Royale in Sentosa Cove, The Trilinq, IOI Central Boulevard Towers, and the upcoming Marina View. While in the PRC, IOIPG established its presence in Xiamen with IOI Park Bay and IOI Palm City in Jimei; as well as IOI Palm International Parkhouse in Xiang’an. Inclusive of Malaysia, Singapore and the PRC, IOIPG has a total development landbank of over 8,300 acres.

Under its Property Investment portfolio, it manages a total of approximately 8.7 mil sq. ft. of net lettable area, comprising malls and offices across Malaysia, Singapore, and the PRC. These properties are mostly located in high growth areas, which are well-connected, accessible, and centered within high population concentration. IOIPG owns and manages IOI City Mall, Putrajaya which stands proud as Malaysia’s largest retail mall in Malaysia. Apart from IOI City Mall, IOIPG also owns and manages IOI Mall Puchong, IOI Mall Kulai in Johor, IOI Mall Xiamen in PRC, as well as South Beach Tower in Singapore.

IOIPG’s Hospitality and Leisure segment features eight hotels, offering a total of 2,876 rooms namely Le Meridien Putrajaya, Putrajaya Marriott Hotel, Four Points by Sheraton Puchong, Palm Garden Hotel, A Tribute Portfolio Hotel, Moxy Hotel, W Kuala Lumpur and Sheraton Grand Xiamen Jimei, PRC as well as JW Marriott Hotel Singapore South Beach. IOIPG’s 18-hole championship golf courses include Palm Garden Golf Club in IOI Resort City, Putrajaya and Palm Villa Golf and Country Resort in Johor.

In recognition of IOIPG’s commitment to delivering quality and excellence, IOIPG was ranked 4th among the Top 10 companies with a market capitalization of RM1 billion and above in the Malaysia Developer Awards (MDA) 2024. During the recent StarProperty Awards 2024, the Group secured the 3rd position for the All-Stars Award (Top 10 Listed Companies). Other notable awards include being acknowledged among the Top 10 with the Top 10 Developers Award during BCI Asia Awards 2024 Singapore and Kuala Lumpur. Meanwhile, IOI City Mall proudly received The FIABCI Malaysia Property Award 2023 in the Retail Category and won Gold in The Edge Malaysia Best Managed & Sustainable Property Award 2023. Apart from these prestigious accolades, IOIPG was awarded the Highest Growth in Profit After Tax Over Three Years Award for ‘Property – RM3 Billion, Above Market Capitalisation’ category at The Edge Billion Ringgit Club (BRC) 2023.

In October 2024, IOIPG won a Gold Award for the Property Sector in The Edge Malaysia ESG Awards 2024 for the second consecutive year.

About TERA

TERA VA Sdn Bhd (“TERA”) is a leading solar PV engineering, procurement and construction (EPC) company with Residential and Commercial & Industrial segments, and largescale solar operations. Established in 2011 and registered with the Sustainable Energy Development Authority and the Construction Industry Development Board, TERA has delivered 100,000 kWp across 2,000 premises in Peninsular Malaysia.

Registered with the Energy Commission and the Sustainable Energy Development Authority, TERA focuses on customer-centered solar PV solutions designed to generate long-term value for users. The company has installed 100,000 kWp across 2,000 premises in Peninsular Malaysia, spanning residential, commercial and industrial, and large-scale projects. TERA is also ISO 9001:2015 certified for quality management and adheres to MS 1837:2018 standards for grid-connected PV system installations.

TERA is a wholly-owned unit of Main Market-listed BM Greentech Berhad (‘BM Greentech’), a climate change solutions leader with bioenergy, water (waste and raw) treatment, and solar energy segments. BM Greentech focuses on innovation and advocating the use of green technologies to create value for customers and reduce the environmental impact of businesses. It is a subsidiary of QL Resources Berhad.