Petaling Jaya (11 August 2023) – Property developer Tropicana Corporation Berhad (“Tropicana”) reaffirmed its commitment to environmental, social and governance principles, as it moves into the seventh year of its sustainability journey.
As a responsible developer and community builder, the Group has prioritised sustainability and green features throughout its developments and signature townships since inception. This includes the cultivation of a thriving ecosystem at its flagship Tropicana Golf & Country Resort with over 22,000 plant species and 300 acres of landscapes, as well as renewable energy generation via more than 2,200 solar panels installed.
Since 2016, the Group has achieved numerous sustainability milestones, such as cultivating over 375 acres of green lungs, planting more than 6,500 trees, and building more than 11km of biking and walking trails across its signature townships.
“At Tropicana, we hold the view that development is by nature forward-looking, with the needs of the future implicit across development timescales. However, climate change has brought the need for sustainability and compliance to the fore, with diverse and increasingly rigorous requirements across regulatory, financial and social dimensions. With this in mind, we are accelerating the adoption of ESG practices throughout the Group, in line with the changing business operating landscape,” said the management.
While sustainability has been part of Tropicana’s DNA from the start, the Group formalised its ESG journey in 2016, in conjunction with Bursa Malaysia’s reporting requirements. Since then, Tropicana has grown from strength to strength, with landmarks such as Tropicana Golf & Country Resort’s pioneering dragonfly pond project for sustainable management of pest populations, to Tropicana Metropark’s windmill bio-filtration system for its 4.41-acre lake.
In 2022, Tropicana codified its ESG commitments into its three ESG pillars, namely: People, Planet and Partnership. These pillars address the Group’s approach to social, environmental and governance principles respectively, and draw momentum from its business values while at the same time sustaining them.
In addition, the Group stood in solidarity with the United Nations with the adoption of nine of its Sustainable Development Goals, namely Goal 3: Good Health & Well-being, Goal 5: Gender Equality, Goal 6: Clean Water & Sanitation, Goal 8: Decent Work & Economic Growth, Goal 9: Industry, Innovation & Infrastructure, Goal 10: Reduced Inequality, Goal 11: Sustainable Cities & Communities, Goal 12: Responsible Consumption & Production, and Goal 15: Life on Land.
“Expanding on our sustainability track record, the Group has deepened its social and governance practices. This includes numerous employee initiatives such as leadership training workshops, as well as anti-bribery, whistleblowing, diversity & inclusion policies and more. We fully support women in the workplace, with 51% representation in management and executive positions, and we care for families with the provision of nursery rooms, as well as maternity and paternity leave,” said the management.
Social outreach has also been integral to Tropicana’s identity from the start. The reactivation of its charity arm, Tropicana Foundation in 2011, has seen more than RM26 mil channeled to underprivileged children, flood victims, at-risk demographics and other worthy causes to date.
Moving forward, Tropicana will continuously evaluate and innovate its ESG practices and reporting, with reference to frameworks such as the Global Reporting Initiative (“GRI”), towards proactive compliance with the rapidly changing evolving regulatory environment as well as sustainable expansion of its business model. To learn more about Tropicana’s sustainability journey, please visit tropicanacorp.com.my/sustainability.
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