SUNWAY REIT’S NET ZERO
CARBON EMISSIONS BY 2050 ROADMAP
Sunway REIT is committed to reducing the environmental impact that was caused by the business operations by achieving net zero carbon emissions and has drawn out a roadmap with a three-pronged strategic framework. The Net Zero Carbon Emissions by 2050 roadmap outlines specific actions, milestones, and timeline to guide the transition towards a net zero carbon emissions footprint.
-
Drag left to see more
ON TRACK TOWARDS ACHIEVING 2030 TARGETS
Future value goals and 2030 targets have been set
to transform Sunway REIT portfolio into low-carbon sustainable assets
Strategic Framework:
-
Decarbonisation
-
Resource (Energy, Water and Materials) Management
-
Waste & Pollution Management
ACCELERATING DECARBONISATION
Energy Efficiency Improvement Measures
- Conducting energy audits
- Exploring installation of rooftop solar panels
- Replacing conventional lighting to LED
- Replacing ageing lifts, escalators and ACMV equipment
Managed assets are to continue to stay below the set targets, with an annual reduction of 3.5% to 4% annually up
to 2030 to align with Malaysia’s commitment to the Paris Climate Agreement of achieving 45% reduction in carbon
intensity by 2030.
Implementation:
- Initiated Climate VaR assessment for all 19 properties
- Supported the recommendation
of TCFD - Incorporated Sustainable Finance considerations into capital management strategy to support climate
action
- Aligned to Sunway Berhad’s internal carbon pricing framework of RM15/tonne to drive decarbonisation across business segments
- Introduced Green Lease Partnership Programme for Retail, Office and Hotel segments
- Included Climate VaR assessments as part of the acquisition due diligence
- Installed >3,000 kWp of rooftop solar PV cells as of FY2024
- Established 10-year Green Building Roadmap
- Carried out chiller plant audit and energy audit for two properties
- Updated climate VaR studies for all 28 properties Engaged with
tenants to reduce Scope 3 emissions - Initiated efforts to align with IFRS S2 disclosure requirements
- Expanded Green Lease Partnership Programme to Industrial & Others segment
- Certified 40% of the existing buildings as green buildings
- Established GETTING TO NET ZERO Business As usual: To explore Corporate Green Power Programme and Virtual Power Purchase Agreement Scope 2 emissions intensity reduction targets
- Engaged with high-energy use tenants to understand tenant operations, energy consumption drivers and identify opportunities to reduce emissions
- Adopted IFRS S1 and IFRS
S2 disclosure requirements
By 2030,
we target
to reduce
our residual
emissions by
GETTING TO NET ZERO
To explore Corporate Green Power Programme and Virtual Power Purchase Agreement
By 2050, we
target to reach
NET
ZERO
Business as Usual:
Global temperature is estimated to reach between 4.0°C and 5.0°C without any mitigation efforts.
If Paris Agreement is achieved:
-
2010
-
2021
-
2022
-
2030
-
2050
-
Read moreRead more
-
CDP Report - Climate ChangeCDP Report - Climate Change
-
CDP Report - Water SecurityCDP Report - Water Security
