MAIN Market-listed property developer Paragon Globe Bhd (PGB) (formerly Goh Ban Huat Bhd) has unveiled its collaboration with Malaysia’s green rating outfit GreenRE Sdn Bhd to showcase its strong commitment towards sustainable and environmentally friendly property development.
This has paved the way to the inking of an agreement to formalise their collaboration between PGB’s executive chairman Datuk Seri Edwin Tan Pei Seng and GreenRE’s executive director Ashwin Thurairajah.
Recall that GreenRE weas formed by Malaysia’s Real Estate and Housing Developers Association (REHDA) in 2013 to promote sustainability in the Malaysia property sector through green building certifications, training and research.
PGB through its collaboration with GreenRE aims to adopt comprehensive sustainability practices in its upcoming projects by ensuring that environmental considerations play a significant role in every phase of its development projects – from design and construction to operation.
Among others, the partnership will enable PGB to certify its future projects using GreenRE’s recognised rating tools, emphasising energy efficiency, resource conservation and embark on environmental responsibility.
“Our partnership with GreenRE marks a significant step for us as to make our developments more sustainable and environmentally responsible,” commented PGB’s Tan.
“Adopting GreenRE certification standards means our projects will meet global sustainability expectations which benefits our stakeholders and the communities around us.”
As part of this collaboration, GreenRE will provide dedicated support to help PGB and its subsidiaries achieve green building certifications.
Highlighting PGB’s commitment, Paragon Platinum Sdn Bhd, a wholly-owned subsidiary of PGB, has successfully obtained the Bronze Provisional GreenRE Certification for its Desa 27 Plot 3 and Plot 4 developments.
Additionally, Paragon Bizhub Sdn Bhd, another wholly-owned subsidiary of PGB, has secured the Silver Provisional GreenRE Certification for its workers’ hostel, namely PGB Hostel at Pekan Nenas Industrial Park.
“Our ultimate goal is straightforward – creating buildings that are good for the environment, practical for our customers and beneficial to society as a whole,” enthused Tan.
“With GreenRE’s support and expertise, we’re confident we can achieve these goals by creating positive and lasting impacts through all our projects.”
At the close of yesterday’s (April 11) market trading, PGB was down 0.5% or 0.69% to 72 sen with 615,400 shares traded, this valuing the company at RM538 mil. – Focus Malaysia
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