“Greening the buildings in Malaysia with the Energy Efficiency and Conservation Act 2023 will need to move to a whole-of-nation approach to reduce our greenhouse gas emissions by 45% across the economy by 2030, and to reach net-zero emissions by 2050.
The divestment, it said, is driven by the shift from residential aged care to home care since 2019, which has resulted in its facility market value declining by one-third to A$27.
The group’s wholly owned subsidiary SCIB Properties Sdn Bhd inked the MOU with Kemena City Development Sdn Bhd and Smart Borneo Properties Sdn Bhd.
CapitaLand Malaysia said the facility marks its largest loan facility to-date and is linked to the sustainability performance targets of Queensbay Mall.
KPKT is also proposing a consent threshold of a simple majority, which is 51% for abandoned projects to be redeveloped.
Separately, SCIB announced a slew of changes in its boardroom, including the resignation of independent and non-executive directors Shamsul Anuar Ahamad Ibrahim and Toh Beng Suan, to be replaced by Datuk Tan Bok Koon (independent and non-executive director) and Chiew Jong Wei (executive director).
The intended partnership will look to develop PR1MA’s capabilities to drive the environmental, social, and governance (ESG) and clean energy agendas in PR1MA developments and communities.
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The addition of sustainability disclosures on the digital platform would allow for more standardised reporting and communication of such information, which is currently found in PLCs’ sustainability reports.
SCIB acknowledged that the late submission of its Annual Report 2021 was primarily due to complexities in auditing overseas construction contracts.
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