Climate Change Data

Lagenda Properties Berhad

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1293565 tCO2e/year (Scopes 1,2,3)
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:0 tCO2e/year
Scope 3 Emissions:0 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:940,180 kWh/year
Water Consumption:11,610 m3/year
Waste Generated:More than 3,000 kg/year (recycled)
Carbon Intensity:0.001 kgCO2e/RM’ million (Scopes 1, 2, and 3)

ESG Focus Areas

  • Economic
  • Environmental
  • Social
  • Governance

Environmental Achievements

  • 4,075 units of rainwater harvesting tanks installed
  • 27,337 Trees Planted across townships
  • More than 3,000kg of Waste Recycled at KL Office, and Bandar Baru Setia Awan Perdana Townships
  • Rolled out the Road-to-Decarbonisation Programme
  • Began recording Scope 3 GHG emissions

Social Achievements

  • More than 2,339,000 manhours, with Zero Lost Time Injuries (“LTI”)
  • ZERO Fatalities
  • Close to RM300,000 invested in communities, education, sports, and the environment
  • 141 job opportunities created in FY2023
  • 80% Customer Satisfaction Score
  • 5R Campaign awareness and recycling infrastructure facilitation
  • Community Garden initiatives

Governance Achievements

  • Reviewed & reaffirmed the Whistleblowing Policy & Guidelines
  • Zero incidents of corruption cases
  • 100% local suppliers screened through ABAC along with an evaluation form and interview process
  • No corruption cases recorded in FY2023
  • 33% Female Directors on the Board
  • Established sustainability database related to diversity, energy management and GHG emissions, water consumption and biodiversity

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality and net zero emissions targets by 2050
  • Provide over 35,000 affordable homes by the end of FY2030
Medium-term Goals:
  • Reduce GHG emissions by 45% by 2030
  • Install 1,000 units of residential solar PV systems in 5 years
  • Plant more than 30,000 plants across all developments by 2025
  • Achieve a 5% increase in trees that have significant conservation value
Short-term Goals:
  • Reduce water consumption by 5% by 2025
  • Reduce GHG emissions by 10% by 2025

Environmental Challenges

  • Data gathering is still required for certain indicators.
  • Growing pressure from stakeholders regarding corporate responsibility for climate actions
  • Extreme weather conditions can cause delays in project completion, lack of availability of suitable land, and damage to completed properties, resulting in financial loss
  • Increased energy costs to cool our workspaces
  • Risks to health and well-being of employees
  • Increased operational disruptions
  • Delays in project completion
Mitigation Strategies
  • Implementing better data gathering and management mechanisms for improved reporting accuracy
  • Developing a high-level strategy to drive climate action focusing on supporting a low-carbon economy, reducing carbon footprint, managing emerging climate risks, and increasing business resilience
  • Implementing climate-related procurement norms and principles to help manage GHG emissions from the supply chain
  • Adopting and applying technologies to mitigate risks and create opportunities
  • Installing rainwater harvesting systems
  • Implementing the 5R approach to manage waste responsibly
  • Installing light-emitting diode (LED) lighting at townships and operational buildings
  • Ensuring electrical appliances in unoccupied spaces were switched off during off-peak periods
  • 15% of Lagenda’s car fleet now comprises hybrid/mild hybrid cars

Supply Chain Management

Supplier Audits: 100% of procurement budget expended on local suppliers

Responsible Procurement
  • ABAC Policy and due diligence criteria for supplier screening
  • ISO-certified evaluation form to assess contractors’ performance

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (floods)
  • Increased temperatures
  • Seawater levels
  • Droughts
Transition Risks
  • Policy and legal actions (GHG emission reduction requirements, carbon pricing)
  • Technology changes (cost of renewable energy, digitalisation scalability)
  • Reputational risk
Opportunities
  • Resource efficiency (sustainable practices, reduced operating costs)
  • Resilience (employee awareness, renewable energy programmes)
  • Regulatory (incentives for sustainable practices)

Reporting Standards

Frameworks Used: Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), Bursa Sustainability Reporting Guide and Toolkits 2022 (3rd Edition), Global Reporting Initiative (“GRI”) Standards 2021 Core Option, Malaysian Code on Corporate Governance 2021 (“MCCG”), Bursa Malaysia’s Illustrative Sustainability Report (“ISR”), The United Nations’ Sustainable Development Goals (“UN SDGs”), Task Force on Climate-Related Financial Disclosures (“TCFD”), The Greenhouse Gas Protocol (GHG Emissions), FTSE4Good Sustainability Index, Lagenda’s Sustainability Framework

Certifications: ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Lagenda has dedicated efforts to embracing 14 of the UN SDGs

Sustainable Products & Innovation

  • Rainwater harvesting systems
  • Solar photovoltaic installations

Awards & Recognition

  • The Edge Billion Ringgit Club Corporate Awards 2023 (Highest Growth in Profit After Tax Over Three Years, Highest Return on Equity Over Three Years)
  • StarProperty Awards 2023 (Best National Homeownership Initiative Project: Lagenda Teluk Intan Phase 1, Best National Homeownership Initiative – Northern Project: Bandar Baru Setia Awan Perdana Phase 1D)