Fuller Academy, in collaboration with the Malaysia Shopping Malls Association (PPK Malaysia), orchestrated a groundbreaking event, the “Sustainable Malls & Retail: Pioneering the ESG Frontier Seminar 2024,” held at AVANTÉ Hotel in Petaling Jaya. This milestone initiative received support from key players, including the Malaysian Green Technology and Climate Change Corporation (MGTC) and Gentari.
Gathering over 100 industry leaders from major malls across Malaysia, the seminar became a crucible for insightful discussions. Themes revolving around Sustainable Mall Design, Community Engagement, Green Building Certifications, Carbon Neutrality, and ESG Strategy Development took center stage. The event featured keynote sessions, workshops, and panel discussions, delving into the intricate landscape of sustainable practices within the mall and retail sectors.
Fuller Academy Chief Strategy Officer, Michelle Lee emphasised the imperative for shopping malls to cultivate shared value with stakeholders. Shifting from traditional Corporate Social Responsibility (CSR), the focus is on a comprehensive ESG approach, aligning businesses with considerations of people, planet, and profit.
Kantar APAC Head of Sustainability, Trezelene Chan highlighted the escalating consumer demand for accessible and affordable sustainable products. The integration of ESG principles not only meets these expectations but also contributes to broader societal goals.
KSK Land Head of Sustainability, Mohd Rizalman spotlighted the transformation of malls into inclusive community hubs. By embracing diversity, supporting local businesses, and prioritizing ESG factors, malls enrich the community experience and foster a sense of belonging.
During panel sessions, it was noted that less than 1% of construction projects in Malaysia are currently certified as green and sustainable. While green certification is vital, the primary objective is to raise awareness and encourage sustainable practices throughout the industry. Obtaining green building certification signifies a commitment to sustainable construction practices beyond attracting consumers to the mall.
Malaysian Green Technology and Climate Change Corporation (MGTC) Senior Director of Operations, Saiful Adib Abdul Munaff outlined 8 immediate next steps for malls. Incorporating government initiatives like the MyHIJAU Mark recognition scheme and Green Investment Tax Allowance, these steps aim to drive sustainable practices in the industry.
As the “Sustainable Malls & Retail: Pioneering the ESG Frontier Seminar 2024” concludes, its impact is expected to resonate within the industry, catalyzing positive change and promoting sustainable practices.
