Tropicana Corporation Berhad reaches the seventh year of its sustainability journey, and in honour of this, they have reaffirmed its commitment to environmental, social, and governance (ESG) practices, highlighting the importance of transitioning towards a sustainable business model and the implementation of a comprehensive sustainability strategy.
Tropicana’s sustainability journey thus far
Since the brand was first launched, it has shown a deep commitment to sustainability and green initiatives in its distinctive townships and developments. Some of these initiatives include the creation of a thriving ecosystem at its flagship resort, Tropicana Golf & Country Resort.
The resort has more than 22,000 plant species and 300 acres of landscapes. Additionally, the brand has harnessed renewable energy generation at the resort through the installation of over 2,200 solar panels.
Since 2016, the Group has achieved many sustainability milestones, from planting over 6,500 trees, cultivating more than 375 acres of green lungs, and constructing over 11km of walking and biking trails across its signature townships.
Moving focus towards ESG
Tropicana holds the view that development is by nature forward-looking, with the needs of the future implicit across development timescales. They recognise the environmental emergency has sparked the need for compliance and sustainability to come to the fore.
There are increasingly rigorous and diverse requirements across financial, social, and regulatory dimensions. It is for this reason that Tropicana Corporation Berhad is accelerating the adoption of ESG initiatives throughout the brand, in line with the transforming business operating landscape.
The brand has risen from strength to strength since 2016. Its milestones ranged from the Tropicana Metropark’s windmill bio-filtration technology for its 4.41-acre lake to its Tropicana Gold & Country Resort’s pioneering dragonfly pond project for sustainable insect population management.
The brand has prioritised sustainability for seven years and is officially being regarded as a responsible developer and community builder in recognition of its impact-driven projects thus far. It only makes sense for the brand to now address the new challenges in the sustainability landscape. In 2016, in accordance with Bursa Malaysia’s reporting standards, the group codified its ESG journey. Tropicana codified its ESG commitments into three ESG pillars in 2022.
They were Planet, People, and Partnership, and these pillars address their approach to social, environmental, and governance principles, respectively. The pillars draw momentum from its business values whilst simultaneously sustaining them. They have also stood in solidarity with the United Nations, adopting nine of its Sustainable Development Goals.
The goals they have adopted include Goal 3 of good health and well-being Goal 5 of gender equality, Goal 6 of clean water and sanitation, and Goal 8 of decent work and economic growth. Others the brand has adopted include Goal 9 Industry, Innovation and Infrastructure, Goal 10 Reduced Inequality, Goal 11 Sustainable Cities and Communities, Goal 12 Responsible Consumption and Production, and Goal 15 Life on Land.
Summary – looking ahead for Tropicana
Expanding its sustainability journey, the Tropicana Group is set to deepen its social and governance initiatives. This includes several employee initiatives like leadership training programmes, diversity and inclusion policies and much more. Since its inception, social outreach has been a crucial part of Tropicana’s identity.
The reactivation of its charity arm, Tropicana Foundation, in 2011 has seen over RM 5.3 million channelled to flood victims, underprivileged children, at-risk demographics, and other worthy causes to date. Looking ahead, Tropicana will continuously innovate and evaluate its ESG initiatives and ESG reporting, using frameworks like the Global Reporting Initiative.
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