ESGAM at the 2024 Malaysian Housing, Urban Development and Property Summit

The Digitalization and Sustainability panel session during the 2024 Malaysian Housing, Urban Development, and Property Summit, hosted by KSI Strategic Institute for Asia Pacific showcased insightful perspectives on the future of the property industry and urban development. Moderator Mr. Poo Ching Loong skillfully guided the discussion with panelists Ar. Lillian Tay, Vice President of VERITAS Design Group, Ms. Arina Kok, Partner at EY and ESGAM President, Adj. Practice Professor Cheah Kok Hoong. Ar. Lillian emphasized the need for resilient and sustainable communities within well-designed urban environments, stressing the importance of connectivity and walkability. She highlighted the challenge of transforming urban spaces into walkable areas and urged the integration of permeable and environment-responsive designs. Prof. Cheah emphasized the critical role of ESG data in property, calling for collaborative efforts and a holistic approach beyond financial aspects. Ms. Arina brought attention to the increasing demand from financiers for measurable and quantifiable strategies in pollution control, health considerations, and emissions.

The session also addressed the impact of digitalization, with concerns raised by Ar. Lillian Tay about the potential negative consequences of new buildings and the need for responsible management of digitalization. Ms. Arina Kok highlighted the financial benefits of climate-resilient and digitally-enabled properties. Prof. Cheah encouraged collaboration and a broader understanding of ESG beyond just financial aspects. The panel concluded with a call to action for the industry to prioritize sustainability and social responsibility, recognizing the role of property development not just as an investment but as a contribution to a quality lifestyle. Together, the panelists painted a compelling vision of a future-ready property industry driven by digital innovation and sustainable practices, underscoring the importance of collective action and stakeholder engagement in shaping urban development paradigms for the years to come