IGB Berhad
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Energy Consumption:87,073,000 kWh (MVM) and 70,555,000 kWh (TGM)
Water Consumption:290,732 m3 (MVM) and 456,689 m3 (TGM)
Waste Generated:3,870 tonnes (disposed) and 461 tonnes (recycled)
ESG Focus Areas
- Anti-Corruption
- Data Privacy & Security
- Community/Society
- Energy Management
- Human Capital Management
- Health, Safety & Security
- Water Management
- Waste Management
Environmental Achievements
- Implemented rainwater harvesting system at MVM, saving 0.21% of total water consumed.
- Implemented food composting at TGM from August 2022.
- Upgraded lighting features and replaced a transformer and chiller at MVM for greater energy efficiency.
Social Achievements
- Organized donation drives for various charities (Beautiful Gate Foundation, United Voice, Teach for Malaysia, The Salvation Army), raising funds and awareness.
- Provided free promotional spaces for campaigns and programs supporting various organizations.
- Distributed personal protective equipment (self-test kits, UV lamps, KN95 masks) to employees.
Governance Achievements
- Adopted a zero-tolerance approach to bribery and corruption, including provisions in tenancy agreements.
- Implemented critical cybersecurity software and employee training to safeguard data.
- Centralized collection of sustainability performance data for improved tracking.
Climate Goals & Targets
Short-term Goals:
- Expand rainwater harvesting system to TGM.
Environmental Challenges
- Manpower shortage impacting retail and F&B businesses.
- Rising inflation and interest rates impacting consumer spending.
- Potential for supply chain disruptions.
Mitigation Strategies
- Focusing on operational efficiency and manpower management.
- Creating engaging customer experiences to drive footfall and sales.
- Strengthening ties with tenants through win-win negotiations.
Supply Chain Management
Responsible Procurement
- Zero-tolerance approach to bribery and corruption across supply chains.
Climate-Related Risks & Opportunities
Physical Risks
- Floods, water seepage, extreme heat
Transition Risks
- Taxation or penalties on carbon emissions
Opportunities
- Improved energy and water efficiency leading to lower operating costs.
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Ethics-Driven Performance
- Responsible Supply Chain
- Safeguarding the Environment
- Positive Community Impact
Climate Goals & Targets
Supply Chain Management
Responsible Procurement
- integrating sustainability considerations into procurement activities