17/12/2025

ESG WEDNESDAY | DEC 17, 2025

12

PETALING Tropicana Corporation Bhd recently colla borated with the UN Global Compact Network Malaysia & Brunei (UNGCMYB), and Alliance Bank Malaysia Bhd to host the PROGRESS Climate Action Workshop. Held at Tropicana Golf & Country Resort (TGCR) on Nov 3, 2025, more than 30 vendors and companies under the Tropicana Group supply chain were in attendance. With the target audience being CEOs, directors, project leaders, project managers, mid-senior management, and business owners, the core objective of the programme is to build climate resilience and competitiveness among Small and Medium Enterprises (SMEs) and their entire supply chain to achieve net-zero. The workshop emphasised “Going Green Makes Good Business” and the importance of ESG, providing insight to more than 30 of Tropicana’s vendors on how best ESG practices positively influence business resilience. Tropicana Corporation Bhd CEO Ong Chou Wen shared his insights at the start of the workshop: “Good to see that Malaysia’s real estate sector is embracing ESG-driven transform ation, aligning its efforts with the nation’s ambition to achieve net-zero carbon emissions by 2050. “Across the property industry, ESG principles are increasingly being integrated through initiatives such as retrofitting buildings for energy efficiency, incorporating renewable energy systems, and adhering to green certification standards such as GBI, GreenRE, and LEED.” At Tropicana, he added, they are proud to have 20 green-certified buildings under their belt – a testament to their steadfast commit ment to sustainability. “We will continue to advance along this green path, promoting sustainable developments and greener lifestyles guided by our three ESG pillars: People, Planet, and Partnership. These pillars steer our sustainability journey – nurturing communities (People), protecting the environment (Planet), and fostering meaningful, long-term collabora tions (Partnership). “Today’s Climate Action Work shop reflects this commitment. By engaging with you, our valued supply chain partners, we aim to move forward together towards a more sustainable and greener future,” said Ong. Vanee Sivasamy, of UN Global Compact Network Malaysia & Brunei, was also in attendance and shared some insight on the programme, JAYA:

Tropicana management and ESG team with the group’s vendors and supply chain partners.

Insight into climate action

Ng added that several high-impact projects under the Southern Selangor Integrated Regional Development (IDRISS) are ESG-driven, including the NCT Smart Industrial Park, which has been announced as the first smart industrial park guided by ESG principles. “We already have a strong foundation to implement incentives for this ecosystem, which will be finalised in early 2026 and implemented the following year. Engagements with Bursa Malaysia are also underway to realise this initiative,” the executive councillor added. – Bernama planet, and partnerships. Reflecting this commitment, Tropicana integrates sustainable methods into its construction and township planning processes. This dedication to greener developments is further guided by the GreenRE framework, with which Tropicana proudly established a partnership in 2024. Tropicana has achieved 20 GreenRE-certified buildings, and will continue expanding this number – developing more sustainable and energy-efficient buildings across the Group’s townships in Malaysia. Tropicana is also in the midst of conducting its climate risk assessment to understand the potential impacts of climate change, both physical and transition risks, which will help in future strategic planning. Facing climate risks is a collective effort, and through this programme, Tropicana will mitigate and adapt to these risks, enabling the group and its vendors to navigate the challenges ahead while continuing to strengthen its ESG practices by following the necessary guidelines.

including organising the SME ESG Summit to raise awareness of the importance and benefits of adopting ESC practices. He said that the Selangor Accelerator Programme (SAP) and E-Commerce Xccelerator (ECX) incorporate ESG elements in their training and mentorship initiatives, adding that the state’s development blueprint, First Selangor Plan (RS-1), highlights Sustainability and Effective Governance as core strategic themes, reinforcing the role of ESG in driving Selangor’s economic growth. offering and incentives to the participating SMEs to support their transition to low carbon practices. By transitioning to sustainable and green business practices, vendors are positioned to mitigate climate-related risks, tap into green market opportunities, and become more competitive and resilient in a lowcarbon economy. Tropicana began its sustainability journey in 2016, progressing with the establishment of its materiality matrix and governance structure. Since then, the group has continued to strengthen its ESG framework and practices through the implementation of key policies, including the Human Rights Policy, ESG Policy, and Anti Corruption Policy. In support of global sustainability efforts, Tropicana has aligned its initiatives with 13 United Nations Sustainable Development Goals (SDGs). As Tropicana strives to create a positive impact, its goal is to become a future-ready property group that upholds the principles of people, green solutions

o Tropicana vendors and supply chain partners get to know how best practices in sustainability influence business resilience

He was replying to a question from Mu’izzuddeen Mahyuddin (PN-Hulu Bernam), who enquired about the number of entrepreneurs and businesses in Selangor that have already shifted to ESG-aligned sustainable operations. Ng said the government is aware of the challenges and compliance issues faced by SMEs, including limited ESG awareness, cash flow constraints and the lack of internal expertise and capacity to measure ESG performance. To this end, he said the state government, through Sidec Sdn Bhd and relevant agencies, is actively “We are proud to partner with Tropicana Corporation Bhd to extend our bank’s Sustainability Impact Programme to engage their supplier network, helping them meet Tropicana’s and the broader market’s sustainability requirements, while enhancing their competitiveness within the sector.” The PROGRESS Climate Action Workshop is co-owned by the UN Global Compact Malaysia & Brunei and Alliance Bank Malaysia. UNGCMYB serves as a key partner, providing the content, tools, and expertise to help businesses, particularly SMEs and supply chain partners, integrate sustainability into their operations. Alliance participates as the program’s exclusive banking partner, committed to extending funding and

Banking & Finance “This means that more than 90% of companies that were previously required to comply with ESG regulations will no longer need to do so. The change was driven by pressure from business associations in the United States,” he said during the Selangor State Legislative Assembly sitting here recently. though the European Union (EU) Parliament has voted to repeal much of the regulations under the Corporate Sustainability Reporting and Due Diligence Directive (CSRDD), making those rules more flexible. saying: “Through the PROGRESS Climate Action Workshop, UNGCMYB collaborates with Tropicana and Alliance Bank to empower supply chain partners in translating sustainability commitments into tangible business action. “This initiative forms part of our broader PROGRESS programme, which has engaged over 13 corporate supply chain leaders and delivered 18 workshops across six states this year – all aimed at supporting SMEs in their climate transition and building more resilient, future-ready supply chains.” Alliance Bank Malaysia chief sustainability officer Roy Heong said: “As ‘The Bank for Life,’ we believe that sustainability is not just a compliance checklist, but a strategic approach that can create positive impact for both business and society.

Selangor businesses have strong foundation to drive ESG economy: Exco SHAH ALAM: Entrepreneurs and businesses in Selangor already have a solid foundation in driving an economy aligned with the Environmental, Social and foundation to roll out incentives that support this ecosystem…even promoting ESG initiatives among SME entrepreneurs and businesses,

Governance (ESG) principles, despite compliance challenges that are not unique to Malaysia, said state investment, trade and mobility committee chairman Ng Sze Han. He said Sidec Sdn Bhd is spearheading efforts to help small and medium enterprise (SME) entrepreneurs transition towards more sustainable, ESG-compliant operations. “We already have a strong

Education News/Health & Wellness TUES

ESG

Property

WED

MON

THUR