Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social

Environmental Achievements

• EcoWorld International UK recycled an average of 79% of waste generated
• EcoWorld International Australia recycled at least 90% of its waste
• Over 24% reduction of printing costs since the initiative was introduced
• Achieved 37.3% reduction in overall travelling costs
• Estimated 40% reduction in carbon emission (LCI)
• Estimated 45% reduction in carbon emission (EG)

Social Achievements

• Launched EcoWorld Class London to enhance brand reputation and customer satisfaction
• EcoWorld London collaborated with Green Dragon primary school in implementing multiple programmes
• EcoWorld London sponsors the activities of the Brentford FC Community Trust
• 8 hours of CSR activities per employee achieved
• 100% of staff attended training
• 82.3% of employees completed minimum of 8 hours of community/ social based activities
• 97.5 hours of CSR activities achieved (Australia)

Governance Achievements

• Awarded the New Company Excellence Award at the MSWG-Asean Corporate Governance Awards 2018
• EcoWorld London established its Sustainable Procurement Policy in 2019
• Established Code of Conduct and various policies to demonstrate our commitment to ethical business dealings

Climate Goals & Targets

Environmental Challenges

• Achieving sustainability targets
• Managing EES impact arising from business operations
• Noise abatement notification at Millbrook project (EcoWorld London)

Mitigation Strategies

• Introduced Key Performance Indicators (KPIs) to track progress
• Developed plans to address EES impact
• Implemented Green Office Guide to manage energy consumption
• Established a 3-year carbon footprint roadmap for the Group
• Developed a more robust communications strategy, strengthened communications with our production team and managing agents and implemented robust quality control processes.

Supply Chain Management

Responsible Procurement

• EcoWorld London Sustainable Procurement Policy
• Mandatory requirements such as environmental policies and compliance to the Modern Slavery Act

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2018: Core option, Bursa Malaysia Sustainability Reporting Guide 2nd Edition

UN Sustainable Development Goals

• UN SDG 3
• UN SDG 5
• UN SDG 8
• UN SDG 9
• UN SDG 11
• UN SDG 16

The six UNSDGs selected guide our focus on sustainability efforts when approaching current and new projects.

Awards & Recognition

• New Company Excellence Award at the MSWG-Asean Corporate Governance Awards 2018
• Forward Ladies Awards Public Sector/Academia/Not For Profit Category

Environmental Metrics

ESG Focus Areas

• Corporate Governance and Transparency
• Customer Satisfaction and Brand Reputation
• Occupational Health and Safety
• Talent Management
• Supply Chain Management
• Environmental Impacts
• Building Innovation
• Green Design and Construction
• Community Enrichment

Environmental Achievements

• Achieved recycling rates of more than 90% across all properties
• Incorporated passive design into properties to reduce the need for auxiliary heating and/or cooling
• Installed LED lighting and water-efficient fittings across all properties to reduce resource consumption
• EcoWorld International Australia installed solar panels that can generate up to 12,000 kWh for on-site use

Social Achievements

• Launched Mental Health Ambassadors program in UK
• Created Equality, Diversity and Inclusion Network in UK
• Conducted community programmes to improve the livelihoods of individuals within the communities in which we operate
• Reduced employee turnover rates in FY2020
• Provided 3,305 hours of training to employees across our operations

Governance Achievements

• Introduced Anti-Bribery and Anti-Corruption Policy
• Established an Integrity Team to oversee anti-bribery and anti-corruption compliance matters
• Achieved zero incidents of non-compliance across all our operations
• Adopted 32 out of 36 practices outlined by the Malaysian Code on Corporate Governance

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and employee training
• Supply chain disruptions (implied)
• Maintaining high customer satisfaction during pandemic restrictions

Mitigation Strategies

• Developed action plans and standard operating procedures to mitigate risks from COVID-19
• Implemented remote working and digital sales processes
• Developed Return to Work Plans and implemented mitigative actions for identified COVID-19 risks
• Introduced Customer Relations Manager role to improve customer experience
• Developed COVID-19 operating plans for face-to-face interactions

Supply Chain Management

Responsible Procurement

• Sustainable Procurement Policy (EcoWorld London)
• Requirement for suppliers to have environmental policies and comply with Modern Slavery Act
• 46% of EcoWorld International UK’s procurement budget spent on SMEs
• 100% of EcoWorld London procurement contracts with UK domestic companies
• 88% of EcoWorld International Australia procurement budget spent on local suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards – Core Option, Bursa Malaysia’s Sustainability Reporting Guide (2nd Edition)

Certifications: OHSAS 18001:2007 (all operations), ISO 14001 (EcoWorld International UK)

UN Sustainable Development Goals

• UNSDG 3: Good Health and Well-being
• UNSDG 5: Gender Equality
• UNSDG 8: Decent Work and Economic Growth
• UNSDG 9: Industry, Innovation and Infrastructure
• UNSDG 11: Sustainable Cities and Communities
• UNSDG 13: Climate Action
• UNSDG 16: Peace, Justice and Strong Institutions

Initiatives aligned with these goals are described in the report

Sustainable Products & Innovation

• Properties with green certifications (BREEAM, CFSH, Green Star)

Awards & Recognition

• Best Housing Partnership (Oxbow)
• Mixed-Use Development of the Year (Embassy Gardens)
• Outstanding Overseas Project Award (London City Island)
• National Annual Corporate Report Awards (NACRA) Excellence Award (Silver)

Environmental Metrics

ESG Focus Areas

• Exceptional Environment
• Connected Community
• Outstanding Organisation

Environmental Achievements

• 98.3% construction waste diverted from landfill in FY2023
• Achieved 21% Biodiversity Net Gain at Aberfeldy
• EcoWorld UK’s head office transitioned to a smaller space with green electricity, reducing energy requirements

Social Achievements

• 92% customer satisfaction score for UK projects
• 82% of EcoWorld Ballymore and EcoWorld London procurement contracts awarded to Local Companies within UK
• Zero fatalities in FY2023 with 208,673 manhours worked
• Launched inaugural Wellness Week to support employee well-being

Governance Achievements

• Zero incidence of corruption
• Zero incidence of regulatory non-compliance
• Revised sustainability governance structure in December 2023

Climate Goals & Targets

Environmental Challenges

• Rising construction costs, high inflation and rising interest rates
• Unfavorable market conditions with continued economic uncertainty
• Data collection challenges attributed to the ongoing Business Consolidation

Mitigation Strategies

• Strategic review of operations and business model
• Focus on monetising completed stocks and returning excess cash to shareholders
• Recalibration of NZC Roadmap focusing on future developments
• Refined Scope 3 emissions calculations

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable Procurement Policy
• Preference for local suppliers and SMEs
• Adherence to ethical and environmental standards

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (floods, droughts)
• Increased operational costs
• Damage to assets and infrastructure

Transition Risks

• Stringent energy and carbon regulations
• Changes to the New London Plan
• Reputational damage from non-compliance

Opportunities

• Increased market appeal of green buildings
• Regulatory alignment opportunities
• Enhanced preparedness through risk assessments

Reporting Standards

Frameworks Used: Bursa Malaysia’s Illustrative Reporting Guidelines, Bursa Malaysia’s 3rd edition Sustainability Reporting Guide, GRI Core Option, FTSE4Good Bursa Malaysia Index, SASB Sector Specific Disclosures, TCFD, UN Sustainable Development Goals

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 5
• Goal 8
• Goal 9
• Goal 11
• Goal 13
• Goal 16
• Goal 17

Initiatives contribute to these goals through various environmental, social, and governance programs.

Sustainable Products & Innovation

• Low-carbon building designs
• Water-efficient fixtures
• Renewable energy integration

Awards & Recognition

• WhatHouse? Awards 2022 – Best Build-to-Rent Project
• 2022 National Building and Construction Awards – Best Community Engagement
• Best Housing Partnership at the British Home Awards and Inside Housing Development Awards
• Community Engagement at the Pineapple Awards
• Highly Commended (Regeneration) at the Evening Standard New Homes Awards
• Gold award for Regeneration at the WhatHouse? Awards
• New London Award in the Public Spaces category