Mashonaland Holdings promotes sustainability in property development

Staff Writer

Property development company Mashonaland Holdings (Mash Holdings) says it is incorporating sustainable building practices into its projects.

According to the company’s 2023 annual report, the company is a member of the Zimbabwe Green Buildings Council, an organisation that advocates for environmentally friendly construction methods.

“Within its own portfolio, the company continues to steer towards adoption of clean alternative energy through adoption of solar energy,” Mash Holdings said.

The Zimbabwe Stock Exchange-listed firm is also adopting solar energy as a clean alternative energy source for its properties.

Its sustainability efforts also include rainwater harvesting and maximising natural light in their developments.

For backup power, the company uses diesel generators equipped with Carbon Emissions Licences. The Environmental Management Agency inspects and audits these generators annually to ensure compliance with set emission parameters.

“As of December 31, 2023, all generator sets were licenced and were in compliance with the set carbon emission parameters,” Mash Holdings said.

Mash Holdings’ commitment to sustainable building practices demonstrates a growing trend in Zimbabwe’s property development sector.

As environmental concerns rise, companies are increasingly recognising the importance of eco-friendly construction methods.

Of particular note, environmental, social, and governance (ESG) aspects are emerging as core values of companies, major financial institutions and shareholders around the world.

The ESG pillars are used by companies developing and framing business strategies and reporting on performance beyond financial measures.

ESG measures the sustainability and societal impact of a company, and ESG criteria help better determine the company’s sustainability financial performance in the future, often aligned to identified United Nations Sustainability Development Goals.

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