Pelaburan Hartanah Bhd group managing director and chief executive officer Mohamad Damshal Awang Damit (left) and RAM Holdings Bhd group chief executive officer/executive director Chris W.K. Lee (right).
KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB) has received an upgrade in its corporate sustainability rating to Gold1 from Gold3 following RAM Sustainability Sdn Bhd’s latest annual review.
PHB also achieved the highest Platinum rating for the Social pillar, a significant improvement from its previous Gold3 score.
Its Environmental rating was raised to Gold2 from Silver3, while its Governance rating was reaffirmed at Gold2.
PHB group managing director and CEO Mohamad Damshal Awang Damit said the improved ratings mark a significant milestone in the group’s sustainability journey, particularly the Platinum score for its social performance.
“Moving forward, we remain committed to our 3-Year Risk Strategy Blueprint and our Environmental Roadmap 2030. By integrating robust Environmental, Social, and Governance (ESG) criteria into our supply chain and focusing on socioeconomic empowerment initiatives, we ensure that PHB’s growth translates into tangible, positive impacts for our tenants, investors, and the wider community,” he said.
Meanwhile, RAM Sustainability chief executive officer Gladys Chua said PHB’s Sustainability Rating upgrade reflects the solid ESG progress the group has achieved through its continued adoption of best sustainability practices.
“It underscores the group’s commitment to environmental stewardship as well as social initiatives that support socioeconomic empowerment and inclusive local growth for the Bumiputera community,” she added.
