TROPICANA DOUBLES ESG RATING TO 4 STARS & EARNS LISTING ON FTSE4GOOD BURSA MALAYSIA INDEX

Categories: Press Releases (developers and more), Property Developer

TROPICANA DOUBLES ESG RATING TO 4 STARS & EARNS LISTING ON FTSE4GOOD BURSA MALAYSIA INDEX

Since embarking on its sustainability journey over 45 years ago, Tropicana has strengthened its
commitment to ESG principles through its 3 core pillars — People, Planet and Partnership.
To date, the Group has developed 20 townships and 20 green building projects, guided by its 8
distinctive development DNAs.
Driven by a robust sustainability strategy that emphasises strong corporate governance and the
integration of EESG practices, Tropicana has doubled its ESG rating to 4 stars and earned inclusion in
the FTSE4Good Bursa Malaysia Index Series.
Petaling Jaya (8 January 2026) – Kicking off the new year on a strong note, Tropicana Corporation
Berhad (“Tropicana”) celebrates a significant improvement in its Environmental, Social and
Governance (“ESG”) rating, which has doubled from 2 stars to 4 stars. This achievement is
underpinned by Tropicana’s robust sustainability strategy, with an emphasis on corporate governance
and the integration of equity, environmental, social, and governance (“EESG”).

In tandem with this milestone, Tropicana has been included in the FTSE4Good Bursa Malaysia (“F4GBM”) Index Series, which recognises public listed companies (“PLCs”) demonstrating strong ESG practices, benchmarked against the FTSE Russell rating system. This inclusion follows the December 2025 semi-annual review conducted by FTSE Russell and Bursa Malaysia, acknowledging Tropicana’s substantial progress in advancing its ESG initiatives.

Since Tropicana began its green journey in 2016, the Group has embraced its 3 ESG pillars of People, Planet, and Partnership. Amongst Tropicana’s ESG key milestones for FY2024 are 6 achievements for the Economic domain, 4 feats for the Environmental domain, as well as 5 and 3 success stories for the Social and Governance domains, respectively.

Dennis Ng, Group Chief Executive Officer for Tropicana, expressed his satisfaction with these commendable achievements, “Tropicana started its green journey more than 45 years ago, developing many liveable and sustainable townships for the community to grow and prosper.

Tropicana’s ESG journey has grown from strength to strength, building 20 townships and 20 green building developments anchored by its 8 unique development DNAs.”

“This high 4-star score, which doubled from last year, reflects our ongoing commitment to connecting communities, forging futures, and redefining the art of living. On behalf of the Group, I extend my deepest appreciation to all our stakeholders and the dedication of our ESG unit,” Ng added.

With an upgraded ESG Rating, Tropicana now stands among the leading Malaysian public-listed companies, demonstrating strong corporate governance and a sustainability approach. Tropicana’s latest inclusion into FTSE4Good Index is a testament to its commitment to building a sustainable future, focusing on carbon reduction, community wellbeing, and transparent governance.

For the past 3 years, Tropicana has achieved 4 awards which are:

Gold Award | The Star Positive Impact Awards 2024
Environmental Sustainability Award | ESG Plus Awards 2025
Most Geographically Diverse Portfolio | The ASIA Records 2025
Serviced Apartment of the Year | TDM Travel Trade Excellence Awards 2025

Infographic illustrating Tropicana's approach to building sustainable townships, highlighting their commitment to the United Nations Sustainable Development Goals (UNSDG) and various ESG initiatives.

Aligned with the 13 UNSDG, Tropicana strives to create a positive impact

Tropicana has further strengthened its Materiality Matrix by identifying and prioritising 20 material matters, all of which were disclosed in the FY2024 Annual Report. This reflects not only the Group’s ongoing ESG commitment but also its measurable progress in embedding sustainability across its operations. In addition, Tropicana is currently listed in the FTSE4Good Bursa Malaysia (“F4GBM”) and FTSE4Good Bursa Malaysia Shariah (“F4GBMS”) Index Series, which collectively assess over 800 companies. For the December 2025 review period, only 50 new companies were selected for inclusion, and Tropicana is proud to be among this distinguished group.

To learn more about Tropicana’s ESG commitments and practices, visit www.tropicanacorp.com.my/sustainability.