Lippo Malls Indonesia Retail Trust (LMIRT) D5IU has been awarded the EDGE green building certification for Lippo Mall Puri and Sun Plaza, two of the trust’s biggest upmarket malls. The certification is the first in LMIRT’s portfolio of malls.
EDGE stands for Excellence in Design for Greater Efficiencies. It is a green building standard and global certification system developed by the International Finance Corporation (IFC), a member of the World Bank Group.
The certification is awarded to buildings that show resource efficiency of at least 20% in energy, water and embodied energy in materials compared to conventional buildings.
The EDGE certification was issued by the Green Building Council Indonesia (GBCI).
“This EDGE certification is a testament to our continuous endeavour to adopt sustainable design and environmental best practices in our operations. As the only Indonesia retail REIT on the Singapore bourse with a portfolio of 29 retail malls and retail spaces, we are taking steps to implement various initiatives in our retail assets to improve our resource efficiency through greater reduction in energy and water consumption, as well as embodied carbon in our materials and value chain,” says James Liew, CEO of LMIRT’s manager.
“These efforts not only support the broader sustainability and decarbonisation agenda, but also allow us to reap operational cost savings,” he adds.
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Units in LMIRT closed 0.1 cent lower or 3.13% down at 3.1 cents on Feb 15.
