Land and Houses Plc has recently earned an ASEAN Asset Class PLC distinction according to a result announcement of the ASEAN Corporate Governance (CG) Scorecard contest among listed ASEAN companies that had applied the CG code along with Environment, Social and Governance (ESG) responsibility for the sustainable growth of themselves as well as their value chains. The inaugural assessment was steered by the revised ASEAN CG Scorecard criteria of 2023. The Kuala Lumpur event was staged by Minority Shareholders Watch Group (MSWG), an expert entity and one of the Domestic Ranking Bodies of Malaysia.

The accolade received by Land and Houses denoted a score of 97.50 (75 percent of the maximum 130 marks) or more. The 250 winning listed companies contained 74 entrants from Thailand, which represented the lion’s share among ASEAN member countries. Note that for 2024, Thai listed companies had averaged 103.83, also topping all ASEAN entrants, against 102.27 for the previous round conducted in 2021. The ASEAN CG Scorecard Project, initiated in 2012 by the ASEAN Capital Markets Forum (ACMF) with the support of ASEAN SECs, scrutinized CG practices among six ASEAN countries, namely Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, specifically the 100 entrants with top market capitalization values as of May 31. The assessment takes place biennially.

Committed to CG practices and ESG, Land and Houses has relentlessly harnessed these in all its businesses for its own sustainable growth as well as that of its value chain.