As a responsible developer, Tropicana is aware of the environmental impacts resulting from our core operations. We utilise raw materials to construct buildings on our landbanks which inevitably impacts the natural environment to a certain extent. The Group adheres to strict environmental and development guidelines and regulations set by public agencies such as the Department of Environment (“DOE”), Town and Country Planning Department (“PLANMalaysia”) and local governments in all our development projects. All our new developments are being assessed for environmental impact through a set of guidelines issued by DOE, and proper management plans are being adhered to accordingly to mitigate and manage our environmental impacts. Our Project Division and contractors employ good environmental management practices throughout the construction phase. Each development has its own set of established environmental policies through our appointed contractor to manage the impact towards the environment, which the Group has set out in the contract. We also have adopted Sustainability Policy in 2022 that cut cross our 3 pillars name; People, Planet and Partnership; that guides our ESG initiatives and programmes. The policy cover our ESG parameters that are relevant to the Group’s business operations. During the year under review, we reported zero fines, notices or sanctions for any non-compliance to environmental laws at our operations. The group will continue to implement initiatives to enhance awareness of the importance of environmental conservation and protection by adhering to regulations that aim to protect the natural environment. PLANET: ENVIRONMENTAL SUSTAINABILITY CLIMATE CHANGE Material Matter Importance to Tropicana Management Approach Bursa Malaysia Common (C) / Sector-Specific (S) Indicators Applicable UNSDGs Relevant GRI Standards Environmental Compliance To minimise environmental impact via compliance and legislative requirements throughout the Group’s supply chain Implement initiatives to enhance awareness of the importance of environmental conservation and protection by adhering to regulations that aim to protect the natural environment N/A Disclosure 2-27 Compliance with laws and regulations Energy E ciency & Climate Change To create awareness of responsible energy consumption practices and contribute towards reducing carbon emissions Implement initiatives to achieve a reduction in carbon emissions, energy consumption and overall cost reduction of electricity usage C4(a) Total energy consumption C11(a) Scope 1 emissions in tonnes of CO2 C11(b) Scope 2 emissions in tonnes of CO2 C11(c) Scope 3 emissions in tonnes of CO2 GRI 302: Energy 2016 GRI 305: Emissions 2016 As a property developer where we create and add value to the community and our stakeholders, we realise that our actions and developments carry an undesirable imprint on the environment and subsequently have a greater impact on our climate. We also recognise that the changes in the climate will a ect how we design our development and how we operate. This presents us with both challenges and opportunities in addressing the climate change impacts, designing and developing our product and township and also transitioning into a low-carbon company. As we are embarking on our journey to support Malaysia’s ambition to become carbon neutral by 2050, we have taken some steps to lower the Group’s carbon emissions by producing energy-e cient and green-certified buildings and developing sustainable townships, which have energy and water-e cient fittings and elements, and some developments are fitted with solar panel to help customer and user to lower their emissions. Besides rising temperatures, we are also being exposed to increased rainfall and the rising sea level on our development projects and community. For that, we are looking to evaluate our climate change risk and opportunity to help us revalue and future-proof our development and investment. We are also progressing our disclosure to align with the Bursa Exchange recommended framework, which is based on Taskforce of Climate-Related Financial Disclosure (“TCFD”) Recommendations. To manage our emissions, we are ascertaining the Group’s Scope 1, 2 and 3 emissions and are undertaking appropriate climate mitigation and adaptation strategies which will be reported in the next financial year. 84 ANNUAL REPORT 2023
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