In the past decade or so, the need for sustainability has grown urgently. The change can be seen in people’s lifestyles, with many choosing to live, work and play in built environments that are sustainable and socially responsible.
Through its three pillars of economic, environmental and social perspectives, Glomac Bhd is committed to driving responsible and sustainable business practices throughout the organisation. It believes in delivering financial value to clients through focused execution while simultaneously enhancing environment and social performance.
Its goal is to incorporate sustainability practices into all three economic, environmental and social aspects to establish itself as a sustainable group; achieve long-term corporate sustainability by identifying aspects that are material to the group; and create an environment that can enhance quality of life while ensuring its business success as a visionary property developer.
“We create value by embedding Glomac’s sustainability focus areas in the project development and supply chain processes, ensuring our tenants, residents and customers can enjoy sustainable communities,” says group managing director/CEO Datuk Seri FD Iskandar Tan Sri Mohamed Mansor.
To provide shareholders with sustainable income streams and increasing returns, Glomac leverages value-added opportunities that drive long-term returns and maximise stakeholder value.
Every Glomac development is built with long-term sustainability in mind. Even before work starts, the developer determines how it can best transform the land into a development that meets the community’s needs.
“Placemaking is a collaborative process that shapes our public realm with the aim of maximising shared value. It strengthens the connection between people and the places they share, and inspires people to collectively reimagine and reinvent public spaces at the heart of every community,” shares FD Iskandar.
Committed to the environment
Recognising the impact of its built environment, Glomac applies efficient property management and development to reduce resource consumption.
“We also aim to deliver quality sustainable homes to our customers. By incorporating green features and constructing green landscapes, we create eco-friendly spaces in our developments,” says FD Iskandar.
Glomac also takes a proactive approach to improve efficiency in consumption. Steps undertaken include investment in infrastructure and operational practices that reduce tenants’ operating expenses; recycling and reusing construction materials; using energy-efficient fixtures and fittings; and employing extensive waste management systems.
Taking care of its people
Glomac believes a best-in-class team is one of the critical factors to business success. Thus, it takes extraordinary efforts to ensure the health, happiness and well-being of its people.
“We promote diversity and regularly review our compensation and corporate structure to identify any areas that need improvement. By balancing gender, culture and working patterns, we build a culture inclusive of different people, approaches and ideas,” says FD Iskandar.
Health and safety is essential; Glomac strives to achieve zero harm in the workplace by applying risk management principles, effective stakeholder engagement, and continuously improving work systems.
The company also seeks to build a meaningful relationship with local communities. It believes in positioning developments to create stakeholder value by enriching the world outside their front doors; it develops broad partnerships with community groups by extending contributions and donations, volunteering at local organisations and providing space for community events.
Each step of Glomac’s sustainability journey is carefully planned and implemented to positively impact its investors, tenants, employees, the community and the industry.