KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) has achieved an upgraded environmental, social and governance (ESG) rating of 4-star on the FTSE4Good Bursa Malaysia Index (F4GBMI) in the latest June 2022 evaluation.
“We are humbled to have our ESG initiatives recognised and rewarded with such a high rating as this is a great acknowledgement of our commitment to ensuring that our business activities are performed to high standards of environmental, social and governance conduct.
“We are convinced that the continued integration of sustainability into our strategy will support the ongoing & future success of Hektar REIT – in the interest of all stakeholders,” Hektar Asset Management Sdn Bhd chief executive officer Johari Shukri Jamil said in a statement.
He said Hektar REIT embarked on these ESG initiatives in 2017 when it put in place various energy optimisation initiatives for all its malls which have significantly reduced our carbon footprint over the years.
“I would also like to emphasise that we will continue to improve our ESG credentials, not just because regulations are becoming more enhanced on these matters but also because it will translate into long term business value and, most importantly, it is the responsible thing to do,” Johari said.
Based on the latest results by F4GBMI in their June 2022 evaluation, Hektar REIT achieved a high score in governance, reflecting the adoption of best practices for corporate governance & anti-corruption.