Green Building
Goal and Performance Highlights
2025 Performance
Goal
2025 Performance
Goal
2025 Goal: 7%
2026 Goal: 10%
2034 Goal: 20%
Proportion of area certified under LEED, TREES, and other standards as defined by GRESB compared with total area
Governance and Oversight
Central Pattana is not only a real estate developer. The Company aims to lead in setting new green building standards in Thailand by integrating sustainable design concepts into decision-making by the Management Committee and engineering teams. This approach drives all new projects and upgrades existing projects in alignment with international and national standards, such as LEED, TREES, EDGE, WELL Building Standard, and WiredScore, reflecting the Company's commitment to creating sustainable cities and improving building users' quality of life in tangible ways.
Challenges and Opportunities
Central Pattana Public Company Limited is committed to developing green buildings in response to sustainability trends and increasingly stringent environmental requirements. However, this work continues to face physical, cost, and stakeholder engagement challenges across the upstream and downstream value chain. Applying green building technologies and obtaining certifications such as LEED and TREES require high initial investment, the adoption of new technologies, and certification processes. Long-operating projects also face physical and structural limitations when improving efficiency. Driving green buildings to achieve maximum effectiveness therefore requires collaboration from upstream partners, including green-label construction material manufacturers, contractors with expertise in data recording, and retail tenants who understand life-cycle cost reduction, to comply with relevant standards. This makes communication, control, and engagement important challenges.
At the same time, green building projects create important opportunities for Central Pattana Public Company Limited in several areas. Using standards as criteria for construction and design while considering long-term value, together with the Central Pattana Green Partnership project and the implementation of tenant utility standards manuals, helps reduce operating expenses for both shopping centers and tenant stores. It also increases asset value, prepares the Company for stricter legal requirements, and attracts institutional investors that prioritize ESG. Collaboration with stakeholders on sustainability issues further strengthens relationships and creates shared value for all sectors. Green building initiatives are therefore both a risk and an opportunity for organizational development, as well as an important pathway toward future sustainability.
Leadership in green buildings strengthens the Company's image
and reinforces recognition of the Company as an operator that prioritizes environmental responsibility.
Management Approach and Value Creation
Central Pattana Public Company Limited is not only a real estate developer, but also a leader in setting new standards for environmentally friendly and energy-efficient green buildings. The Company's project development not only meets the needs of building users today, but also focuses on creating positive long-term impacts on the environment and society.
Central Pattana Public Company Limited applies energy-efficient and environmentally friendly building development approaches across all projects, using international and national standards such as LEED (Leadership in Energy & Environmental Design) by the U.S. Green Building Council (USGBC), TREES (Thai's Rating of Energy and Environmental Sustainability) by the Thai Green Building Institute, the ASEAN Energy Awards, the Thailand Energy Awards by the Ministry of Energy, and the MEA Index (Management of Energy Achievement Index), an energy-use performance indicator by the Metropolitan Electricity Authority. These standards help the Company design and manage environmentally friendly buildings, reduce impacts on the planet, and maximize energy efficiency.
A list of projects that have received green building certification or other awards is available under Green Building Performance
Long-Term Investment Strategy and Life Cycle Assessment
The Company overcomes short-term cost limitations through a long-term investment vision, using life cycle assessment as a core decision-making framework. Although green building technologies and certifications such as LEED and TREES increase initial investment costs, empirical results confirm that these innovations save energy, reduce water use, and extend equipment life. This significantly lowers operating expenses throughout the building life cycle, delivers worthwhile returns on investment, and sustainably reduces risks from future energy price volatility.
Life-Cycle Approach Across the Building Life Cycle
Covering both common areas and tenant areas, as follows:
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Smart & Green Design Innovation
Central Pattana studies the feasibility of Building Integrated Photovoltaics (BIPV), which integrates solar panels into building structures. The Company also promotes long-term energy efficiency through designs that support natural airflow, use heat-reflective materials, and incorporate high-efficiency air-conditioning systems.
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Sustainable Construction Material Procurement
The Company is committed to selecting and procuring environmentally friendly construction materials that are safe for building users' health. It prioritizes materials with lower environmental impacts than other materials that serve the same function, while considering impacts throughout the life cycle of each product or service. The Company implements this approach as follows:
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Use of Environmentally Certified Materials
The Company prioritizes the procurement of materials certified under environmental standards, such as Thai Green Label, Green Label Plus, and Environmental Product Declaration (EPD). These certifications confirm that the materials have low environmental impacts, are produced through responsible processes, and support indoor air quality. The Company selects low-carbon concrete, recycled steel, and materials with clearly identified carbon footprints to reduce embodied carbon from construction processes, such as eco-friendly cement and recycled concrete, which account for a significant share of greenhouse gas emissions across a building's life cycle.
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Use of Recycled and Local Materials
The Company prioritizes materials containing recycled content, as well as domestic or regionally sourced materials, to reduce greenhouse gas emissions from transportation and production. Key construction materials used in projects must have manufacturer certifications and clearly state recyclability, demonstrating implementation of the Company's sustainable material procurement approach.
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Use of Low-Environmental-Impact Materials
To reduce indoor air quality issues caused by interior materials containing volatile organic compounds, which can harm building users' health, the Company selects low-VOC products such as interior paints, adhesives, and sealants. These products must also have safety data sheets from manufacturers or distributors, or test results from accredited agencies, to transparently verify and confirm the materials' environmental and health attributes.
The Company also collaborates with contractors to measure embodied carbon emissions from building construction processes based on internationally recognized methods suitable for the Thai real estate market context.
More information is available at Central Krabi - Thailand's First Prototype of a Sustainable Mall
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Strengthening Tenant Collaboration through the Green Partnership Project
The Company recognizes that green building certifications such as LEED or TREES require tenant collaboration. It has therefore established the "Utility and Building Systems Standards Manual for Retail Stores" as an agreement and set of conditions for store fit-out design aligned with sustainability, covering the following dimensions:
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Energy Efficiency
Tenant areas are required to use lighting systems with power density not exceeding 11 watts per square meter, use LED lighting with Thailand's No. 5 energy label, and ensure that air-conditioning systems do not use ozone-depleting refrigerants (CFC and HCFC-22).
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Water Conservation
Tenants are encouraged to use water-saving sanitary fixtures in their stores. For example, washbasin faucets must have a flow rate not exceeding 1.2 liters per minute.
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Indoor Air Quality and Interior Materials
Tenants must design ventilation systems in accordance with ASHRAE 62.1-2007 and use low-toxic finishing materials that comply with SCAQMD standards. Wooden furniture must contain no urea-formaldehyde or meet E0 level requirements to support users' well-being.
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We believe that true sustainability begins with collective action. Explore more details in the Green Partnership project.
Creating Value through Green Buildings
Beyond reducing environmental impacts, the green buildings of Central Pattana Public Company Limited also create economic and social value. The use of clean energy and highly efficient building design helps reduce greenhouse gas emissions and protect the environment over the long term. Certified green buildings can also increase long-term asset value, attract investor demand, and differentiate Central Pattana in the real estate market.
Green building development is not only a business strategy for Central Pattana, but also the Company's commitment to creating positive impacts on society and the environment. The Company is committed to creating sustainable and environmentally friendly cities through a comprehensive approach spanning design, construction, and building management, working together to build a better future for everyone.
The Company designs highly efficient building ecosystems to create long-term sustainability value.
Stakeholders Directly Impacted
Tenants and Lessees (Retail and Offices) and Residential Customers
Customers
Suppliers and business partners
Communities / Community representatives including regulators and government bodies, academia and independent organizations
