Climate Change Data

IBraco Berhad

Climate Impact & Sustainability Data (2019)

Reporting Period: 2019

Environmental Metrics

ESG Focus Areas

  • Economic
  • Environmental
  • Social

Environmental Achievements

  • Opening of a 2nd hand shop at TT3 Plaza, proceeds channeled to help the needy.
  • Organized blood donation campaign.

Social Achievements

  • HOPE Place continues as CSR partner; provided free office space and monthly cash sponsorship.
  • Celebrated another collaboration with HOPE PLACE by opening a 2nd hand shop at TT3 Plaza.
  • Organized blood donation campaign.
  • Launched student aid program providing financial assistance to underprivileged children for tertiary education.
  • Employee turnover rate decreased by 2% compared to 2018.

Governance Achievements

  • Established various Board Committees (Audit, Nomination, Remuneration, Risk Management, Sustainability).
  • Adopted a Code of Conduct and Ethics.
  • Established a Whistle-blower Policy.
  • Established and adopted an Anti-Bribery and Corruption Policy.
  • New corporate office employs a green design concept.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Target at least 10% of property development projects to be green certified.

Environmental Challenges

  • Slight delays in a few launches of NorthBank flagship development due to delay of approval of revised plans.
  • Uncertainties in global economy, changing local political landscape, and COVID-19 pandemic.
  • COVID-19 pandemic led to restrictions in social and economic activities and a wait-and-see attitude from buyers.
  • Affordability of homes continues to be a key consideration for buyers.
Mitigation Strategies
  • Cautious approach in strategizing property product launches to fit market needs.
  • Exploring opportunities to optimize operations through joint ventures or strategic collaboration.
  • Eyeing on bagging more government projects to cater to uncertainties in the property market.
  • Conducting in-depth analysis and market feasibility studies before launching new projects.

Supply Chain Management

Supplier Audits: 100% pre-qualification review of invited tenderers; 3 post-project reviews.

Responsible Procurement
  • Rigorous pre-qualification of contractors to ensure competency.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia Securities Berhad's Sustainability Reporting Guide – 2nd Edition

Certifications: ISO 9001:2015 (Construction arm)

UN Sustainable Development Goals

  • SDG 5
  • SDG 8
  • SDG 9
  • SDG 11

Mapping of material sustainability matters to SDGs.

Sustainable Products & Innovation

  • New corporate office with green design concept; upcoming Bandar Petaling Jaya Selatan project designed to meet Green Real Estate certification.

Awards & Recognition

  • Mukah New Airport project won an award for Occupational Safety and Health Best Practice in 2019.