92 AL-SALĀM REIT ENVIRONMENTAL STEWARDSHIP ANNUAL REPORT 2023 WASTE MANAGEMENT The REIT recognises that efficient waste management has the potential to mitigate environmental impact and contribute to the overall well-being of the communities in which we operate. By adopting effective waste management strategies, Al-Salām REIT aims adhere to regulatory standards and minimise our ecological footprint. Our Approach KOMTAR JBCC, under the stewardship of Al-Salām REIT, contributes to sustainability by implementing a 3Rs (Reduce, Reuse, Recycling) programme. The programme involves strategically placing recycle bins throughout the premises, encouraging tenants to segregate waste responsibly. The building also adopts a self-managing system, wherein the weight of the waste is measured and handed over to relevant licensed contractors for proper disposal, promoting resource efficiency and fostering a sustainable operational model. The Manager is strategically devising a plan to implement Reverse Vending Technology with AI integration throughout all properties under management. This cutting-edge vending machine is designed to accept both PET bottles and aluminium cans seamlessly through a unified chute. Our Performance The REIT acknowledges that quantifying the amount of waste generated is essential and has initiated concrete steps to improve waste data tracking and recording. As Al-Salām REIT engaged with the relevant contractors and sought their insights on waste recycling handling, we identified areas for improvement, including the volume of waste generated and limited space at the loading bay for recycling bins. In response, the REIT has adopted a self-maintenance approach, involving the cleaning staff to assist in weighing the waste. This initiative is currently being implemented at KOMTAR JBCC and is set to extend to other Al-Salām REIT buildings, such as Menara KOMTAR and Pasaraya Komuniti @Mart Kempas. Source: Property Manager CONCLUDING A YEAR OF PROGRESS Through strong corporate governance, meticulous risk management, and a proactive approach to ESG factors, the REIT strives to set the standard for responsible real estate investment. Our dedication to transparency, integrity, and social responsibility is evident in our performance metrics, community enrichment initiatives, and prudent risk mitigation strategies. As a responsible corporation, the REIT not only aims for financial success but actively engages in fostering a positive impact on society and the environment. With these principles guiding us, we are committed to building a resilient and sustainable future where corporate ethics and economic success intertwine, shaping our ESG journey for years to come.
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