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DIVERSIFIED
ASSET PORTFOLIO

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INTEGRATED ANNUAL REPORT 2023

Sunway REIT’s Integrated Annual Report (IAR) for the financial
year 2023 outlines Sunway REIT’s progress towards achieving
its strategic objectives and emphasises its endeavors to generate value for
the stakeholders. It illustrates how Sunway REIT’s value creation journey
are driven by the six capitals to achieve sustainable outcomes that go
beyond financial performance. Sunway REIT has adopted an integrated
reporting approach to promote integrated thinking and provide its
stakeholders with a more comprehensive, balanced and detailed overview
of the business operations and strategies. In line with integrated reporting
process, this report communicates Sunway REIT’s approach and progress in
delivering sustainable value, managing risks and capitalising on emerging
opportunities, with the aim of optimising the value creation process.

Our Investment Case

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Asset 1

Transcend 2027 Roadmap

Financial Performance

Media Resources

videos

Newsroom

  • 16th Feb 2024

Hope rises for KLCI to reverseits long-term downtrend

  • 12th Feb 2024

Gradual normalisation of REIT market expected in 2024

  • 31st Jan 2024

Sunway REIT hotels to lead earnings growth in FY24

Goal 1

Transforming Our Portfolios to Low-Carbon Assets

GOAL 1

Building energy intensity (BEI) should stay below the annual target set for the respective business divisions starting from 2022.
(The business segments should continue to stay below the BEI targets that will be lowered by 4% on a y-o-y basis up till 2030 to align with the IPCC’s target of 45% reduction in carbon emissions by 2030.)
Green Building Index’s BEI baseline minimum (kWh/m2 /year)
Office: 150 Retail: 350 Hotel: 290

At least of 40% of electricity from renewable energy sources by 2030
(5% locally generated, 35% purchased from green sources/solar farms)

40% waste diverted from landfill by 2030

Goal 2

Advocating a Responsible Value Chain

GOAL 2

Achieve and maintain 100% tenant participation in Sunway Green Lease Partnership Programme

Goal 3

Investing in Community Inclusivity

GOAL 3

To reach out and support
1 million beneficiaries

Goal 4

Respecting Ethical Principles

GOAL 4

To achieve and/or maintain MSCI ESG Rating of A and above by 2030

To achieve and maintain FTSE4GOOD Bursa Malaysia ESG rating higher than country average (Malaysia) by 2030

Goal 1

Transforming Our Portfolios to Low-Carbon Assets

GOAL 1

To achieve average 4% reduction of Building Energy Intensity per year from 2021 to 2030.
At least 25% of electricity from renewable energy source by 2030
40% waste diverted from landfill by 2030

Goal 2

Advocating a Responsible Value Chain

GOAL 2

To record measurable reduction in environmental impact from goods and services procured from suppliers

Zero tolerance for procurement of goods and services from suppliers that violate human rights throughout their supply chain processes

Goal 3

Investing in Community Inclusivity

GOAL 3

To reach out and support 1 million beneficiaries by 2030

To support the national Shared Prosperity Vision 2030 in addressing inequalities, wealth
and income disparities by providing support and assistance to the underserved and B40 communities in particular

Goal 4

Respecting Ethical Principles

GOAL 4

Zero tolerance for bribery and corruption

Our Investment Case

  • We are one of the leading REITs in Malaysia, with an attractive and diversified portfolio.
  • Our assets are strategically located in master-planned townships with strong pipeline of assets from our Sponsor, Sunway Berhad, to support our continued growth.
  • We advocate proactive capital management strategy to strike a balance between various cost of funding as well as optimising gearing level and maintaining a balanced debt profile.
  • We are backed by a team of strong, experienced and active managers focused on obtaining optimal returns for unitholders – TRANSCEND 2027 Roadmap to strive towards achieving long-term sustainable growth.
  • We uphold the highest standards of corporate governance which is benchmarked against international best practices.
  • We embrace sustainability practices and committed to achieving Net Zero Carbon by 2050.
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