**Knight Frank Malaysia Reports 22% Reduction in Emissions and 27.3% Cut in Energy Costs**
Knight Frank Malaysia has released its 2024 ESG Report, highlighting the property consultancy’s environmental initiatives and their positive financial outcomes. This comes as Malaysia prepares to implement new carbon tax regulations in 2026.
The firm reported a significant 22% reduction in Scope 2 greenhouse gas emissions compared to its 2019 baseline. This achievement was driven by relocating its Kuala Lumpur headquarters to a green-certified building and adopting various energy efficiency measures.
“Achieving a 22% reduction in Scope 2 emissions was driven by our Kuala Lumpur HQ office relocation to a green-certified building, the downsizing of our office footprint, the adoption of a hybrid work model, and targeted investments in energy-efficient products,” said Keith Ooi, Group Managing Director of Knight Frank Malaysia.
The company’s approach included investing in star-rated office equipment and appliances such as LED lighting, refrigerators, pantry appliances, as well as energy-efficient printers, copiers, and multifunction devices.
To address its remaining emissions, Knight Frank Malaysia offset its 2023 Scope 2 footprint through the purchase of Renewable Energy Certificates.
Through these ESG initiatives, the firm has not only reduced its environmental impact but also gained competitive advantages in client acquisition and retention, demonstrating the tangible benefits of sustainable business practices.
https://www.digitalnewsasia.com/sustainability-matters/knight-frank-malaysia-reports-esg-progress-2024-annual-report
