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Achieving Net Zero Carbon Emission by 2050

OUR SUSTAINABILITY APPROACH

Achieving Net Zero
Carbon Emission by 2050

Sunway REIT aims to achieve Net Zero Carbon Emissions by 2050 and internal carbon pricing framework has been established in our business operations as a way to prepare for a low-carbon assets.

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ON TRACK TOWARDS ACHIEVING 2030 TARGETS

We have set future value goals and 2030 targets to transform our portfolios to low-carbon sustainable cities.

Strategic Framework:

  • Decarbonisation
  • Resource
    management
  • Pollution
    management
  • Net zero pathway
  • Business as usual

ACCELERATING DECARBONISATION

From now until 2030, Sunway’s focus is on reducing residual emissions by improving efficiency and using energy substitution. In 2021, we established an Internal Carbon Pricing framework to start preparing for the potential transition risks from climate-related issues at RM15 per tonne of CO2e emitted above a threshold level. This is a mechanism/decision-making tool that can help our business divisions to understand their exposure to external carbon pricing schemes, guide their decisions and investments and put a value on their greenhouse gas (GHG) emissions in a way that drives positive change in their business.

We target for our managed and industrial properties to reduce their emissions
per tonne of production by 4% and 3.5%, respectively, per year
by 2030 using 2022 as a base year.

Implementation:

  • Internal Carbon Pricing
  • Emissions avoidance
    (Energy efficiency improvement)
  • Energy substitution
    (Renewable energy)
  • Engaging with stakeholders to reduce Scope 3 emissions
  • Upstream – Suppliers
    (Sustainable procurement & supply chain practices)
  • Downstream – Tenants
    (Green leases)

By 2030, we
will reduce
our residual
emissions by

0 %

GETTING TO NET ZERO

To get to net zero carbon emissions by 2050, we plan to focus on carbon
offset technology.

Implementation:

  • Carbon storage and capture
  • Investment in large-scale renewable energy

By 2050, we
target to reach

NET
ZERO

Global temperature is estimated to reach between 4.0°C and 5.0°C without any mitigation efforts.

Global warming is limited to 1.5°C with mitigation efforts, in line with the Paris Agreement goal.
  • 2010
  • 2021
  • 2022
  • 2030
  • 2050
  • Read more
  • CDP Report - Climate Change
  • CDP Report - Water Security

SUNWAY REIT
SUSTAINABILITY STATEMENT 2021

This Report has been developed according to the highest reporting standards and benchmarked against best industry practices. It has been prepared in accordance with the Global Reporting Initiative (GRI) Standards and meets the criteria of the Bursa Malaysia Main Market Listing Requirements on sustainability reporting. This Report has been externally and independently assured by SIRIM QAS International Sdn Bhd, which has verified that the policies, initiatives and data disclosed here are accurate and acceptable

  • Download Sustainability Statement 2021
  • View All Past Annual Reports
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