MAH SING WINS AWARD FOR ESG EFFORTS

MAH SING Group Berhad has received recognition at The Edge Malaysia’s ESG Awards 2023 for the second consecutive year, clinching the silver in the property sector (equities category).

“We are tremendously proud that our ESG efforts have been recognised for two years in a row,” said Mah Sing founder and group managing director Tan Sri Leong Hoy Kum.

“Given the commitment to achieve net-zero emissions by 2050, policymakers are increasingly pressured to act on climate change. This pressing need for climate action creates a sense of urgency for Mah Sing as one of the leading property developers in Malaysia.

“In line with this, our Group aims to support our value chain, including our suppliers and contractors, in their efforts to embrace ESG practices and climate disclosures.

“This year, we have signed a memorandum of collaboration with Bursa Malaysia Berhad, as the early adopters of Bursa’s Centralised Sustainability Intelligence Platform – marking a significant milestone for the property and manufacturing sectors.

“This collaboration is designed to accelerate the integration of ESG practices, particularly on the Task Force on Climate-Related Financial Disclosures (TCFD) pillars,” said Leong.

The Edge Malaysia ESG Awards was organised in collaboration with Bursa Malaysia and FTSE Russell, with Morningstar as the knowledge partner for the funds category and Deloitte as the auditor. The main partner of the ESG Awards was UOB Malaysia, while Astro Awani was the official broadcast partner. The new partner for this year was BMW Group Malaysia.

Bursa Malaysia Berhad chief executive officer Datuk Muhamad Umar Swift presented the property award to Mah Sing director of group strategy and operations Jane Leong. Also present were The Edge Malaysia editor-in-chief Kathy Fong, FTSE Russell head of sustainable investment for Asia-Pacific Helena Fung, The Edge Media Group publisher and group chief executive officer Datuk Ho Kay Tat and BMW Group financial services Malaysia’s chief executive officer Matthias Schlesiger.

“Mah Sing’s journey towards adopting TCFD guidelines is an ongoing process, and it involves the establishment of teams,” said Jane Leong.

“We initiated a scenario planning and exercise workshop last quarter, bringing together experts from our property and manufacturing divisions, as well as contractors.

“We summarise these scenarios and develop a strategy that allows us to capitalise opportunities or mitigate potential threats.

“Moving forward, Mah Sing will remain in its dedication to address climate change and we encourage more corporate entities to join us on this path.

“We are actively engaged in crafting our carbon roadmap in line with our decarbonisation journey and eagerly anticipate achieving further milestones with our team,” she said.

Mah Sing is determined to build on current accomplishments and establish more robust long-term sustainability goals.

The Group will continue to be committed to the long-term development of its organisation and the nation as a whole – leveraging the foundation of its growing ESG strength to pave the way for a better tomorrow for all.

Mah Sing has consistently enhanced its ESG performance since becoming part of the FTSE4Good Bursa Malaysia in June 2021. The progress is reflected in the Group’s December 2022 score of 3.6 out of 5.0, as reported by FTSE Russell. This achievement placed the Group within the top 25% of companies listed on the index.

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