Navigating the Green Path: Evaluating the Sustainability Readiness of Malaysia's Facilities Management Industry
SSRV (M) Sdn Bhd
Malaysia's only Integrated Property and Facilities Management Company.
Emerging trends and developments are constantly changing, and the facilities management (FM) industry in Malaysia is no different. Sustainability and environmental, social, and corporate governance (ESG) principles have gained significant traction in the global built environment, influencing how buildings are operated, maintained, and managed.??
So, this raises the question: How ready is the Malaysian FM industry to adopt these evolving practices, and is the industry truly ready for this embrace??
While the industry still grapples with fully accepting sustainability, there are undeniable signs of positive developments and encouraging trends that showcase active incorporation of sustainable practices by FM organisations in the country.??
Although the challenges remain – Initial investments in eco-friendly technologies and practices can be perceived as costly, coupled with the lack of awareness and expertise in ESG implementation is creating hesitations around the adoption. Additionally, the absence of clear and consistent ESG reporting standards makes it difficult for stakeholders to assess progress and attract investments, creating a hurdle for wider industry-level change.?
However, the industry shows potential for further progress and recognising the diverse levels of preparedness within the industry is key. The approach to sustainability varies across the industry, with some organisations leading the charge and others taking initial steps.
By embracing innovation, fostering partnerships, and addressing cost concerns this can unlocking significant economic and environmental benefits, thus propelling the industry to a leading position in the region's sustainable future.?
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