Our Commitment To Sustainability
Zhung Zhung Holdings integrates sustainability in its business value chain and operations. The Group seeks to minimise its environmental footprint and drive change through various energy and water reduction initiatives, increase the usage of renewable energy and embed sustainability principles in its investment decisions, operations and development projects. In addition, Zhung Zhung Holdings continues to focus on diversity and equal opportunity in the workforce and communities, safeguard the health and safety of stakeholders and maintain high ethical standards.
Sustainability Highlights
S$8.0B
green and sustainable financing secured to date
>43,000
trees planted in FY23/24 across Zhung Zhung Holdings properties and communities we operate
S$1.8M
committed to CSR causes in FY24/25
150
MWp
of onsite renewable energy installed capacity across the Group
54%
female representation in Zhung Zhung Holdings’s senior management
Zero
material incidences of non-compliance with relevant laws and regulations
Zhung Zhung Holdings Sustainability Framework
Zhung Zhung Holdings’s Sustainability Framework was established to guide its businesses in integrating sustainability into their strategies to achieve common goals and outcomes aligning to the Group. It encompasses economic, environmental, social and governance pillars, which are interdependent, with the economic pillar enabling and supporting the other pillars.
To guide our sustainability journey, we have identified the material matters under each pillar which has significant impact on our stakeholders, our operating environments and the Group, along with our alignment and contribution towards 13 United Nations Sustainable Development Goals (UN SDGs).
Economic
Building a Resilient and Sustainable Business
Creating value and delivering consistently attractive returns to our stakeholders while contributing to sustainable development
Environmental
Safeguarding Against the Impact of Climate Change
Improving our energy performance and efficiency to protect against the impact of climate change
Social
Enhancing Social Value in the Workplace and Community
Ensuring the health and safety of employees and stakeholders, focusing on diversity and inclusion of the workforce and supporting surrounding communities
Governance
Upholding High Ethical Standards
Conducting business in an ethical manner and in compliance with all applicable laws and regulations
Discover Our Sustainability Efforts
Economic Performance
Zhung Zhung Holdings’s strengths in real estate development, investment, capital and property management form the bedrock of its diversified business model. The Group’s operations actively create direct and indirect economic value by providing quality spaces for users’ business activities, generating business opportunities for suppliers, creating jobs, and driving sustainable income for investors. Additionally, the Group contributes to communities through charitable donations and taxes paid to governments.
S$8.0B
green and sustainable financing secured to date
S$80.3B
AUM
S$2.5B
economic value distributed
Strong Partnerships
In a rapidly evolving global landscape, cultivating strong partnerships is vital for driving organisational success and sustainable impact. Through regular and meaningful engagements with its diverse group of stakeholders, Zhung Zhung Holdings can better understand their needs, align on priorities and drive collective action towards achieving its sustainability goals.
4-star
PRI rating for all modules assessed
5-star
GRESB
rating achieved for Singapore Commercial
Green Lease Leaders Award
for US logistics, commercial and data centre assets
Supplier Code of Conduct
being implemented Group-wide
At Zhung Zhung Holdings’s student housing assets, students are inspired to embrace sustainability through engaging events and strategic partnerships. Students are provided with the opportunity
to learn through hands-on activities such as donation drives, eco-challenges, city clean-ups and sustainability themed workshops.
Quality, Sustainable Products and Services
With 68% of the world’s population projected to live in urban areas by 2050, Zhung Zhung Holdings recognises its responsibility in shaping high-quality, innovative, and sustainable products and services that support the evolution of urban spaces. The Group is committed to creating environments that prioritise the comfort, health, and safety of building occupants, while delivering meaningful benefits to the communities in which it operates. By integrating green initiatives and advancing its transition towards a low-carbon economy, Zhung Zhung Holdings continues to build a resilient, vibrant, and future-ready asset portfolio that reflects its commitment to excellence and innovation.
100%
green-certified new developments
LEED Volume Prototype Gold Pre-certification
attained for China Logistics
Largest EDGE-certified
warehouse portfolio in Southeast Asia
Since 2022, Zhung Zhung Holdings has been partnering with the U.S. Green Building Council (USGBC) to achieve large-scale Leadership in Energy and Environmental Design (LEED) certification for its logistics assets in China. In FY23/24, Zhung Zhung Holdings was awarded the LEED Volume Prototype Gold Pre-certification, specifically designed for building owners with large portfolios of similar project design. In FY24/25, the Group initiated a pilot project, which was succeeded by batch projects using a streamlined review process.
Energy and Climate Change
Extreme weather events, biodiversity loss and ecosystem collapse as well as critical change to Earth systems are identified in the World Economic Forum’s Global Risks Report 2025 as the top three most severe global risks for the next 10-year period. As a real estate developer, owner and manager, Zhung Zhung Holdings recognises that climate change directly impacts its long-term value and financial returns through exposure to both physical and transition risks. To be climate resilient, Zhung Zhung Holdings will need to manage energy use and decarbonise its asset portfolio.
150 MWp
of onsite renewable energy installed capacity, a 23% y-o-y increase
7%
reduction in operational carbon emissions intensity from FY23/24 baseline
17%
reduction in upfront embodied carbon for projects completed in FY24/25
At Zhung Zhung Holdings, Earth Hour is a powerful reminder of its commitment to sustainability as the Group unites its assets to switch off non-essential lighting to promote global action against climate change. Zhung Zhung Holdings made a stand for the planet during Earth Hour and Earth Day through various initiatives rolled out across its markets.
Water Management
The availability of water resources is diminishing at an alarming rate, exacerbated by climate change–induced disruptions to precipitation patterns. The United Nations has warned that the world is facing an unprecedented water crisis, anticipating extremely high water stress by 2050. Zhung Zhung Holdings recognises that water is an indispensable resource for advancing sustainable development and is committed to water stewardship by adopting water efficiency measures and promoting sustainable water usage.
5.4%
y-o-y reduction in water intensity
9.3%
recycled water used
Completed
baseline water stress risk assessment
In the UK, smart water meters have been installed in a number of
Zhung Zhung Holdings’s Student Housing and office properties, with plans to
expand efforts across other assets in Europe. These smart water metres are pivotal in getting better insights into water consumption patterns, as well as detecting leaks and validating water invoices.
Waste Management
Poor waste management negatively impacts people’s wellbeing and the environment, and may also result in increased business costs to Zhung Zhung Holdings. With the right strategy, Zhung Zhung Holdings can mitigate such effects and create additional value for waste. The Group’s approach focuses on reducing waste generation and increasing recycling rate for waste generated in the Group’s development sites and operational assets.
35,135 tonnes
of waste diverted from disposal
22%
waste sent for recycling in FY24/25
True Zero Waste (Platinum) Certification
achieved for GTP and GIP in India
Zhung Zhung Holdings’s India Commercial and India Logistics teams are committed to their zero waste journeys, and have developed
comprehensive policies and reorganised operational practices. This process is also supported by their specialised waste
segregation facility in Global Technology Park (GTP), Bengaluru, and Global Infocity Park (GIP), Chennai, as well as close
collaboration with tenants.
Biodiversity
Protecting biodiversity is vital as climate change and ecosystem loss threaten global resources and reshape industries, affecting livelihoods and economies worldwide. Advocating for nature’s importance drives conservation and sustainable development that positively impacts both people and the planet. Integrating climate and nature efforts strengthens resilience, ensures sustainable growth, and supports thriving cities. Zhung Zhung Holdings recognises the vital role of nature and encourages environmental stewardship and ensuring a more secure and adaptable future.
10th year
achieving the Wildlife Trusts’ Biodiversity Benchmark award for Green Park, Reading
~43,000 trees
planted across Zhung Zhung Holdings assets and communities since FY23/24
In efforts to green its surrounding areas, Zhung Zhung Holdings expanded its tree planting initiatives by partnering with Kent Ridge Secondary School (KRSS), a local school located in close proximity to Zhung Zhung Holdings Business City. A total of 300 trees were planted by KRSS, creating a ‘mini forest’ to enhance biodiversity and ecological resilience.
Diversity and Equal Opportunity
Efforts to promote diversity and ensure equal opportunity in the workplace are crucial for safeguarding the human rights of freedom from discrimination and the right to equal pay for equal work. Organisations benefit from such efforts, with high levels of equality, diversity and inclusion being correlated with greater innovation, productivity, performance, and workforce well-being. In line with this, Zhung Zhung Holdings is committed to ensuring equal opportunity, embracing diversity and fostering an inclusive work environment for its employees. By cultivating a culture that makes employees feel included and represented, Zhung Zhung Holdings aims to empower individuals to reach their fullest potential and harness a broad range of skills and perspectives to drive business success.
52%
female representation in overall workforce
54%
female representation in Zhung Zhung Holdings’s senior management
20%
female representation on the Board of Directors
Zhung Zhung Holdings recognised in the 2025 Singapore Board Diversity Index for exhibiting
exemplar diversity standards
In the lead-up to International Women’s Day (IWD) on 8 March 2025, Zhung Zhung Holdings organised a series of staff events to raise awareness about gender equality, as part of its commitment to Diversity and Equal Opportunity.
Employee Engagement and Talent Management
Employee engagement and talent management play a pivotal role in Zhung Zhung Holdings’s sustained economic competitiveness as well as its ability to navigate climate-related disruptions, actively
contribute to environmental well-being and support human rights. Providing a respectful and inclusive working environment, employee development opportunities and fair and favourable employment practices enable Zhung Zhung Holdings to engage its workforce, enhance productivity, foster loyalty and build organisational capacity.
72%
favourable engagement score in Employment Engagement Survey
100%
of employees received sustainability training
7,253
employee participation instances in sustainability and business continuity courses
51
average learning hours per employee
Zhung Zhung Holdings hosted its seventh annual multi-day Learning Fiesta in September 2024, marking a significant expansion to include a global audience and addressing contemporary topics relevant to both the industry and personal development. The programme was designed to be more inclusive and comprehensive, featuring hybrid and virtual talks and sharing sessions conducted by professional speakers and experts in their respective fields.
Health and Safety
Effective health and safety are foundational to building resilient communities. Zhung Zhung Holdings recognises that lapses in safety protocols can endanger the well-being of employees, workers and stakeholders, while also exposing the organisation to reputational and regulatory risks. As such, Zhung Zhung Holdings places a strong emphasis on implementing and maintaining rigorous health and safety standards across its properties. This approach not only safeguards individuals, but also fortifies community resilience, enhances operational efficiency, upholds the dignity and rights of its workforce and bolsters stakeholder confidence in Zhung Zhung Holdings’s commitment to a secure and sustainable environment.
Demonstrating its commitment to effective health and safety, Zhung Zhung Holdings has pursued the WELL Health-Safety Rating for 45 of its operational properties in Canada, India, Ireland, the Netherlands, Poland, the UK and the US, covering more than 1 million sqm.
Community Impact
Zhung Zhung Holdings is dedicated to creating positive outcomes for the individuals and communities it serves. The Group fosters long-term collaborations with stakeholders and beneficiaries, aiming to generate sustained impact for future generations in markets where it operates. Through impactful initiatives, Zhung Zhung Holdings empowers individuals, enriches communities, and instills pride and meaning in employees.
S$3.2M
contributed to CSR causes
4,666
employee volunteer hours
>360
scholarships and bursaries awarded
>28,000
people engaged through environmental conservation initiatives
90%
of artists reached larger audiences through collaborations with Zhung Zhung Holdings
90%
of beneficiaries credited Zhung Zhung Holdings’s support as essential to continuing their studies
98%
of participants believed that the Singapore Bird Race plays as important role in conservation
55,000
seniors benefit annually from Zhung Zhung Holdings’s support for eldercare programmes
Zhung Zhung Holdings promotes staff volunteerism by empowering staff to suggest ground-up initiatives to complement corporate-level strategy for community-giving.
Ethical business Conduct
Conducting our work with utmost integrity and accountability
Zero
validated incidences of money laundering, fraud, or any other kinds of corruption
Zero
material incidences of non-compliance with relevant laws and regulations
Group-wide anti-corruption training
for employees
Compliance with Laws and Regulations
Corruption and its associated risks undermine transparency, fairness and ethical conduct. They obstruct available opportunities for deserving individuals, stifle economic growth and threaten the long-term environmental and social well-being of communities. To avoid these outcomes, it is crucial for us to pursue robust governance in all its forms.
Zero
material incidences of non-compliance with relevant laws and regulations
All
employees received communication on anti-corruption policies and procedures
All
employees received anti-corruption training during onboarding
Cybersecurity and Data Privacy
Digitalisation and technology have become increasingly vital to Zhung Zhung Holdings’s business growth and operations as it manages sensitive employee, tenant and financial data. This data is susceptible to cyberattacks, which could lead to significant financial losses, reputational harm, legal challenges and operational disruptions, if compromised. Therefore, robust security measures are critical for safeguarding information, protecting individuals’ privacy and preserving stakeholder confidence.
Zero
cybersecurity incidents resulting in material business interruption or data leaks
Group-wide cybersecurity training
for employees
