BANGKOK - 21 APRIL 2021
Golden Ventures Leasehold Real Estate Investment Trust (“GVREIT”) under the management of Frasers Property Commercial Asset Management (Thailand) Company Limited (“FPCAMT”), a REIT manager, and Frasers Property Commercial (Thailand), the leading Grade A commercial property developer in Bangkok's CBD, continue their waste sorting campaign known as “Trash to Give” project to take responsibility in reducing environmental impacts.
A report shows that a Thai person produces approximately 56.8 kilograms of waste per year, only 73% of which is managed by recycling, incineration, or landfill whilst the rest has not been treated. This causes residual pollution . As a means to fight back global warming, “Trash to Give” aims to raise environmental awareness among tenants and the community. It encourages pre-collections waste sorting for the recycling process. Sorting garbage bins for organic waste, general waste, PET plastic bottles, glass bottles and aluminum cans are provided at Park Ventures Ecoplex and Sathorn Square. Over one ton of sorted materials combined of plastic bottles, glass bottles and aluminum cans were collected and sold to a recycling factory. The project organizer doubled the money made from selling the waste for a donation to an environmental protection organization.
Mr. Thanarat Boonyakosol, Managing Director of Frasers Property Commercial Asset Management (Thailand) Company Limited, said: “Golden Ventures REIT (GVREIT) envisions the significance of sustainable development and determines to take parts in supporting the community to create a cleaner environment and sustainable future. At our leading commercial buildings namely Park Ventures Ecoplex and Sathorn Square where GVREIT invested in, ‘Trash to Give’ is one of the environmental initiatives we committed to set a standard of social norms to sort wastes prior to municipality waste collections.”
Ms. Piyawara Bhongse-tong, Senior Vice President, Asset Management of Frasers Property Commercial (Thailand), said: “Frasers Property Commercial (Thailand) sees the importance of environmental protection. We encourage our tenants and the community to create fewer environmental impacts. ‘Trash to Give’ is a means to educate the public on waste sorting for the recycling process. The Company has also expanded this project to other buildings under management: ‘Mitr Saves the World’ at Mitrtown Office Tower and ‘For your Inspironment’ at FYI Center, which the latter project name was created from the combination of ‘Inspiration’ and ‘Environment’.”
