‘As responsible property developers, our commitment surpasses the creation of sustainable living spaces; we actively participate in initiatives that advocate for a more eco-friendly future,’ says LBS executive chairman Tan Sri Ir Lim Hock San.
DEVELOPER LBS Bina Group Berhad proudly announces its recent success in securing a capacity of 28.67 megawatts (MW) via the Corporate Green Power Programme (CGPP) – a renewable energy initiative that allows corporate consumers to virtually purchase solar energy from solar developers.
This significant milestone was accomplished through a collaborative effort with a consortium comprising Setara Armada Sdn Bhd, MWG Power Sdn Bhd and Ocean Solar Energy Sdn Bhd.
In line with LBS's commitment to environmental, social and governance (ESG) principles, this strategic step emphasises the company’s commitment to fostering environmentally responsible and sustainable developments.
The successful involvement in the CGPP demonstrates LBS's incorporation of eco-friendly practices into its core business operations.
This significant accomplishment not only strengthens LBS’s position as a responsible corporate entity but also marks a substantial leap towards the company's broader goal of entering the renewable energy sectors.
Through the utilisation of 28.67MW of green power, LBS is set to make a substantial contribution in reducing carbon emissions and play a central role in advocating clean energy efforts within the region.
“Our success in the CGPP reaffirms our steadfast dedication to environmental stewardship,” says LBS executive chairman Tan Sri Ir Lim Hock San.
“As responsible property developers, our commitment surpasses the creation of sustainable living spaces; we actively participate in initiatives that advocate for a more eco-friendly future.
“This accomplishment serves as evidence of our strategy centred on ESG and the collaborative efforts with our esteemed partners,” he says.
The Setara Armada, MWG Power and Ocean Solar Energy consortium comprises industry experts dedicated to advancing renewable energy solutions. Through strategic collaboration, the consortium aims to drive positive environmental impact and support the transition towards a more sustainable future.
LBS’s collaboration with the consortium signifies the potential of strategic partnerships in promoting sustainable practices and driving positive transformations.
LBS intends to capitalise on this newly acquired green power capacity to further elevate the environmental performance of its projects in the coming years.
The company remains steadfast in its pursuit of innovative and sustainable solutions – contributing to the well-being of both communities and the planet.
About LBS Bina Group Berhad
LBS, an internationally-recognised developer with a vision for building and inspiring delightful spaces, is a renowned township developer that has amassed numerous awards through their various developments.
By placing people at the heart of their approach, LBS has been building and shaping the nation’s landscape for over 30 years while continuing to meet the market demands for quality and affordable homes.
The continued success of LBS is attributed to the leadership of its executive chairman Lim, who was named Property Man of the Year at the Malaysia Property Award (formerly the FIABCI Malaysia Awards of Distinction) in 2018, which is the gold standard for developers in the real estate industry.
Further recognition received was the “Oscar Award” in the property fraternity. The award was in recognition of Lim’s perseverance and resilience over time within the industry, excellent demonstration of strong leadership, deep industry knowledge and impeccable values of integrity and responsibility.
To date, LBS with vast land banks spread across Malaysia, will continue to grow in stature and strength, through replicating successful townships such as Bandar Saujana Putra to other parts of Selangor including KITA @ Cybersouth in Dengkil, LBS Alam Perdana in Bandar Puncak Alam and others.
Beyond property development, LBS is also venturing into retail management, hospitality and tourism.
For more information, visit lbs.com.my.
