Category: real estate

Reports 22% reduction in emissions and 27. 3% cut in energy costs Firm says ESG initiatives have delivered competitive advantages in client acquisition and retention Knight Frank Malaysia has released its 2024 ESG Report detailing the property consultancys environmental initiatives and their financial outcomes, as Malaysia prepares for new carbon tax regulations in 2026. The firm reported a 22% reduction in Scope 2 greenhouse gas emissions compared to its 2019 baseline, achieved through relocating its Kuala Lumpur headquarters to a green-certified building and implementing 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 companys approach included investments 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 remaining emissions, the company says it offset its Scope 2 footprint in 2023 through the purchase of Renewable Energy Certificates. Continue reading at for the full article as DNA is transitioning our sustainability coverage to a standalone news site.