At a Glance
Sustainability rests at the heart of everything we do and is the #1 Core Value of the EcoWorld Brand. As a Malaysian property developer conscious of the environmental, economic, and social challenges in our industry, we are committed to driving sustainable development on the Environmental, Social, and Governance fronts in our operations and the communities we serve.
At a Glance
Sustainability rests at the heart of everything we do and is the #1 Core Value of the EcoWorld Brand. As a Malaysian property developer conscious of the environmental, economic, and social challenges in our industry, we are committed to driving sustainable development on the Environmental, Social, and Governance fronts in our operations and the communities we serve.
Net Zero Roadmap
2019 - 2023
- Committed to Taskforce on Climate-related Financial Disclosures (“TCFD”) Framework
- Developed Climate Change Policy
- Measured and reported on Scope 1, Scope 2 and Scope 3 (business travel, employee commute and waste generation) emissions
2023 - 2025
Short-term
Emissions Reduction Target
To reduce our operational Scope 2 emissions in absolute terms by 20% by 2025
Early Success Markers
- EcoWorld is strategically targeting high-impact areas to reduce our carbon footprint.
- This phase focuses on immediate, attainable measures that will set the foundation for more ambitious actions in the subsequent stages.
- We are also scaling up efforts to reduce Scope 2 emissions (emissions from purchased electricity), as well as expanding the evaluation of Scope 3 emissions to ensure a comprehensive and sustainable approach.
2025 - 2030
Medium-term
Emissions Reduction Target
To reduce our operational Scope 2 emissions in absolute terms by 30% by 2030
Accelerating Decarbonisation
- This phase is characterised by a strategic shift towards increased collaboration and renewable energy adoption.
- Forging strategic partnerships with our suppliers and setting reduction targets for our supply chains.
- Intensifying efforts to comprehensively assess and reduce Scope 3 emissions, incorporating a wider scope of initiatives.
2030 - 2050
Aspire to Achieve Net Zero Emissions by 2050
Towards Net Zero
- This phase centres on implementing advanced technologies, adopting sustainable practices and leveraging strategic partnerships to eliminate carbon emissions.
- Placing a significant emphasis on carbon offset initiatives to neutralise any residual emissions that prove challenging to eradicate.
Net Zero Roadmap
2019 - 2023
- Committed to Taskforce on Climate-related Financial Disclosures (“TCFD”) Framework
- Developed Climate Change Policy
- Measured and reported on Scope 1, Scope 2 and Scope 3 (business travel, employee commute and waste generation) emissions
2023 - 2025
Short-term
Emissions Reduction Target
To reduce our operational Scope 2 emissions in absolute terms by 20% by 2025
Early Success Markers
- EcoWorld is strategically targeting high-impact areas to reduce our carbon footprint.
- This phase focuses on immediate, attainable measures that will set the foundation for more ambitious actions in the subsequent stages.
- We are also scaling up efforts to reduce Scope 2 emissions (emissions from purchased electricity), as well as expanding the evaluation of Scope 3 emissions to ensure a comprehensive and sustainable approach.
2025 - 2030
Medium-term
Emissions Reduction Target
To reduce our operational Scope 2 emissions in absolute terms by 30% by 2030
Accelerating Decarbonisation
- This phase is characterised by a strategic shift towards increased collaboration and renewable energy adoption.
- Forging strategic partnerships with our suppliers and setting reduction targets for our supply chains.
- Intensifying efforts to comprehensively assess and reduce Scope 3 emissions, incorporating a wider scope of initiatives.
2030 - 2050
Aspire to Achieve Net Zero Emissions by 2050
Towards Net Zero
- This phase centres on implementing advanced technologies, adopting sustainable practices and leveraging strategic partnerships to eliminate carbon emissions.
- Placing a significant emphasis on carbon offset initiatives to neutralise any residual emissions that prove challenging to eradicate.
EcoWorld's Climate Change Policy
EcoWorld's Climate Change Policy formalises our commitment to achieve carbon neutrality by 2050, in tandem with Malaysia's aspirations. This Policy serves as a framework for enhancing both adaptation and mitigation strategies to reduce the carbon footprint of our operations.
EcoWorld’s Climate Change Policy
EcoWorld's Climate Change Policy formalises our commitment to achieve carbon neutrality by 2050, in tandem with Malaysia's aspirations. This Policy serves as a framework for enhancing both adaptation and mitigation strategies to reduce the carbon footprint of our operations.
Climate Change Adaptation
Board oversight in the management of the Group’s climate change-related risks
Assessment on the impacts of climate risks and opportunities to strengthen resilience
Communication of commitments to suppliers and offer climate change awareness training for internal stakeholders
Integration of climate risk assessment into Enterprise Risk Management ("ERM") framework and business continuity plan
Management of GHG emissions, assessment of progress against climate targets and alignment of disclosures with climate-related frameworks
Climate Change Mitigation
Acceleration of initiatives to meet Scope 2 GHG reduction targets: 20% by 2025, 30% by 2030
Adoption of energy-efficient technology, renewable energy and nature-based solutions where applicable
Avoidance of high conservation value land, including peatland and primary forests reserves for township developments
Implementation of carbon sequestration efforts to reduce total carbon footprint
Promotion of circular economy through efficient waste management and recycling
Our Commitment to the Ten Principles of the United Nations Global Compact
EcoWorld aligns our practices with the Ten Principles of the UN Global Compact, integrating respect for human rights, labour standards, environmental sustainability, and anti-corruption into our core strategies and operations.
Human Rights
Principle 1
Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2
make sure that they are not complicit in human rights abuses.
Labour
Principle 3
Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4
the elimination of all forms of forced and compulsory labour;
Principle 5
the effective abolition of child labour; and
Principle 6
the elimination of discrimination in respect of employment and occupation.
Environment
Principle 7
Businesses should support a precautionary approach to environmental challenges;
Principle 8
undertake initiatives to promote greater environmental responsibility; and
Principle 9
encourage the development and diffusion of environmentally friendly technologies.
Anti-Corruption
Principle 10
Businesses should work against corruption in all its forms, including extortion and bribery.
Our SDG
Commitments
As part of our pledge to the United Nations 2030 Agenda for Sustainable Development, we adopted six Sustainable Development Goals (SDGs) in 2017 and doubled this to 12 goals in FY2022.
In 2023, we embraced SDG 7 (Affordable and Clean Energy), bringing our total to 13 adopted goals. We aim to continue aligning our goals and targets with international best practices as we progress in our sustainability aspirations.
