IOI Properties Launches IOI Sustain Roadmap 2030 and Unveils Malaysia’s Largest Mall Rooftop Solar PV System
IOI Properties Group Bhd (KL) has officially launched its IOI Sustain Roadmap 2030 (ISR 2030), a comprehensive blueprint to advance sustainability across the company’s operations. The launch event, held at IOI City Mall, introduced the roadmap’s 12 strategic pillars, targeting key areas such as climate change, biodiversity, waste management, sustainable finance, supply chain management, employee well-being, and sustainability risks.
ISR 2030: A Sustainability Blueprint
Speaking at the event, Teh Chin Guan, IOI Properties’ COO of property development in Malaysia, underscored the company’s commitment to ethical and sustainable practices:
“As a responsible and ethical business, we have formulated the ISR 2030 as a comprehensive sustainability blueprint designed to guide us in our quest to effectively manage risks and leverage opportunities for a more resilient future.”
The roadmap seeks to foster collaborations with stakeholders to achieve meaningful progress on environmental and social challenges.
Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad, the event’s guest of honour, commended IOI Properties’ efforts and announced the upcoming National Climate Change Bill, expected to be tabled in Parliament by the first quarter of 2025.
Largest Mall Rooftop Solar PV System in Malaysia
In line with its sustainability objectives, IOI Properties unveiled Malaysia’s largest mall rooftop solar photovoltaic (PV) system at IOI City Mall. Developed in partnership with TERA VA Sdn Bhd, the 4MWp solar PV system for the mall’s Phase 2 was commissioned in October 2024.
Key highlights of the solar PV system include:
- Estimated annual electricity generation: 5,355 MWh.
- Expected annual carbon emissions avoidance: 4,059.34 tCO2.
Together with the existing 3.5 MWp system installed in 2021 for Phase 1, the combined capacity now totals 7.569 MWp, generating 9,785 MWh annually and avoiding 7,661 tCO2 emissions per year.
Chris Chong, COO of property investment at IOI Properties, emphasized the importance of renewable energy adoption:
“As the largest mall in Malaysia and Southeast Asia, we recognize our responsibility beyond providing lifestyle experiences. This solar PV initiative is fully aligned with the strategies laid out in ISR 2030.”
Broader Renewable Energy Plans
The solar PV system is part of a broader renewable energy initiative extending to other IOI developments, including:
- Palm Garden Golf Club.
- IOI Mall Puchong.
- Future projects at IOI Sales Galleria in Bandar Puteri Puchong, Bangi, and IOI Resort City.
These efforts support IOI Properties’ decarbonization goals and commitment to achieving net-zero emissions.
Panel Discussion: Building Sustainable Urban Environments
The event concluded with a panel discussion on “Sustainable and Climate-Resilient Developments”, moderated by Kristine Ng, IOI Properties’ head of group corporate sustainability. Panelists included:
- Serina Hijjas, Malaysian Green Building Council president.
- Henry Chan, senior director of conservation at WWF Malaysia.
- Michael Leong, managing director of TERA VA.
- Shanta Helena Dwarkasing, head of programs at the UN Global Compact Network Malaysia and Brunei.
The panel explored strategies for creating sustainable urban environments, emphasizing the role of public-private partnerships in addressing climate resilience.
Conclusion
With the launch of ISR 2030 and groundbreaking solar PV projects, IOI Properties is setting a benchmark for sustainable practices in Malaysia’s real estate sector. These initiatives underscore the company’s dedication to creating climate-resilient, environmentally friendly developments for a sustainable future.
