JAKARTA - As a player in the real estate and property industry that participates in green industry initiatives, PT Indonesian Paradise Property Tbk (INPP) will put serious work into green building certification for 5 of its property units.

According to Anthony Susilo, President Director of Indonesian Paradise Property, during the Press Conference of 21st Anniversary of Paradise Indonesia today (30/10), he intends to promote 30% of its business unit portfolio to attain their green building certificates.

"Out of 17 business units, we try to bring forth 5 business units, within the next two to three years, to secure green building certificates," Susilo mentioned. Five of those units are in Beach Walk, Bali. "They are under process," added him.

INPP's focus on ESG aspects is in line with it's 21st anniversary today (30/10), which bring forth sustainability-related campaign, #BuildingTomorrow.

INPP sees ESG more than a trend, but a demand. "Many creditors and investors, both in public and international market, ask, 'what is your ESG policies?' and even grant us discount on interest if we possess green building," Susilo explained further.

"Even when we were preparing to issue financial instrument, many of them suggest us to issue green bonds instead," Susilo revealed. In order to be able to issue these green bonds, he added, it indeed needs certificates from GBCI and IFC-EDGE.

For next, INPP has several top projects that will be worked on for the next two years, including Extension Paskal 23 and Mall 23 Semarang, as well as Hyatt Place and Antasari Place.

"We have set up two other potential developments in Eastern Indonesia and Kalimantan," added Susilo. (ZH)