**Knight Frank Malaysia Reports 22% Reduction in Emissions and 27.3% Cut in Energy Costs**
Knight Frank Malaysia has released its 2024 ESG Report, highlighting the property consultancy’s environmental initiatives and their positive financial outcomes. This report comes as Malaysia prepares to introduce new carbon tax regulations in 2026.
The firm achieved a significant 22% reduction in Scope 2 greenhouse gas emissions compared to its 2019 baseline. This milestone was primarily driven by relocating its Kuala Lumpur headquarters to a green-certified building, downsizing its office footprint, adopting a hybrid work model, and making targeted investments in energy-efficient products.
“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.
Knight Frank Malaysia’s approach included investing 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 offset its Scope 2 footprint in 2023 through the purchase of Renewable Energy Certificates.
The firm also reported a 27.3% reduction in energy costs, underscoring the financial benefits of its sustainability initiatives. Knight Frank Malaysia says these ESG efforts have delivered competitive advantages in client acquisition and retention, reinforcing the business case for sustainable practices in the property consulting sector.
https://www.digitalnewsasia.com/sustainability-matters/knight-frank-malaysia-reports-esg-progress-2024-annual-report
