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Stakeholders and Materiality

OUR SUSTAINABILITY APPROACH

OUR STAKEHOLDERS

INTERNAL STAKEHOLDERS

Business Unit
Management Teams

EMPLOYEES

EXTERNAL STAKEHOLDERS

GOVERNMENT, LOCAL
AUTHORITIES, REGULATORS
AND INDUSTRY AFFILIATIONS

investment community

MEDIA

SUPPLIERS & CONTRACTORS

BUSINESS PARTNERS

COMMUNITIES

Endorsement by the Board

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Materiality assessments are integral in helping us to identify the sustainability issues that matter most to Sunway REIT and its stakeholders. We conduct a materiality assessment once every two years to understand our position, align with industry peers, meet stakeholder needs and address the risks and opportunities of the identified material issues.

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STEP 05STEP 01STEP 02STEP 03STEP 04
Item 1

Identification of Objectives and Scope

Item 2

Identification and Categorisation of Material Issues

Item 3

Stakeholder Engagement Through An Online Survey

Item 4

Focus Group Discussion & Prioritisation of Material Issues

Item 5

Endorsement
by the Board

STEP 01

Identification of Objectives and Scope

STEP 02

Identification and Categorisation of Material Issues

STEP 03

Stakeholder Engagement Through An Online Survey

STEP 04

Focus Group Discussion & Prioritisation of Material Issues

STEP 05

Endorsement

OUR MATERIALITY MATRIX

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MATERIAL ISSUES

  • ENVIRONMENTAL
  1.  Physical Impacts of Climate Change
  2.  Resource Management (Energy)
  3.  Resource Management (Water)
  4.  Resource Management (Materials)
  5.  Pollution (Water/Effluents)
  6.  Pollution (Emissions)
  • SOCIAL
  1.  Indirect Economic Impact
  2.  Human Capital Development
  3.  Diversity and Inclusion
  4.  Labour Standard and Practices
  5.  Community Enrichment
  6.  Health and Safety
  7.  Customer Welfare
  • GOVERNANCE
  1.  Corporate Governance
  2.  Anti-Corruption
  3.  Risk and Crisis Management
  4.  Tax Transparency
  5.  Business Ethics
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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

Provide Unitholders With
Exposure To A Diverse
Assets Portfolio

Sunway REIT Management Sdn. Bhd.

Level 15, Menara Sunway
Jalan Lagoon Timur
Bandar Sunway
47500 Subang Jaya
Selangor Darul Ehsan

about us

Sunway REIT's

Sustainability

Investor Relations

Media Resource

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Business Unit Management Teams

Our business unit management teams are comprise from the different business segments such as office, retail and hospitality.

Key Concerns

  • Corporate Governance
  • Business Ethics
  • Anti-Corruption

Our Approach

  • We provide training across all management levels on the ABC Policy via online learning, covering elements or types of corruption, including bribery.
  • We expect our employees across all management levels and operations to conduct professionally, with integrity and not engage in any form of fraudulent acts.
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communities

Our community engagements are driven by strategic social investment in projects related to sustainability.

Key Concerns

  • Stewardship in environmental and social responsibility and good governance

Our Approach

  • We engage with the local communities in which we operate and giving back to society.
  • We align our efforts with Sunway Group’s commitment to the UN SDGs through #SunwayforGood initiatives that are centred on Education, Healthcare and Community Enrichment.
  • We organised several blood donation campaigns to contribute to the blood supplies of local general hospitals and the National Blood Bank during the COVID-19 pandemic in 2021.
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Business Partners

Our business partners include tenants and lessees from different business segments.

Key Concerns

  • Physical impacts of climate change
  • Landlord support and assistance (marketing, financial, repair, facility improvement etc)

Our Approach

  • We allow our tenants to operate for only 8 hours compared to 12 hours during pre-pandemic days.
  • We implement various initiatives for our tenants during lockdown period.
  • We work closely with tenants and lessees to ensure alignment with sustainability agendas through various channels to create long-term value and support our sustainability commitments.
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Suppliers & Contractors

Our suppliers and contractors abide by sustainable practices whereby they are required to declare their ESG practices.

Key Concerns

  • Transparent procurement processes and fair competition in compliance with procurement policies and ethical practices
  • Occupational health and safety

Our Approach

  • We are aligned with Sunway Group Sustainable Procurement Policy to guide the suppliers on the best ESG practices
  • We prioritise suppliers and contractors that adopt sustainable practices in their organisations.
  • We strive to protect human rights in alignment with the UN Guiding Principles on Business and Human Rights and UN Global Compact (UNGC) Principles.
  • We align with the International Labour Organization’s (ILO) eight fundamental Conventions that concerning freedom of association and the right to collective bargaining, elimination of forced labour, child labour and discrimination in the workplace.
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Media

To engage with the stakeholders, we communicate via social media, media conference, interview, media release and website to update the financial performance and sustainability practices and business operations’ ESG impact.

Key Concerns

  • Financial and business performance, business outlook, strategic direction and strategies
  • Industry thought leader’s contribution
  • Resource management and environment conservation

Our Approach

  • We publish financial earnings and corporate development via media releases.
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Investment Community

Our investment community includes unitholders, analyst and fund managers.

Key Concerns

  • Financial and operational performance and DPU
  • Business resilience and continuity
  • Strategic direction and business growth
  • Impact of COVID-19
  • Prudent risk management

Our Approach

  • We provide guidance on segmental performance and earnings outlook.
  • We update on progress of strategic direction and business strategies.
  • We update on COVID-19 and policy changes impact on ongoing operation and business developments.
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government, local authorities, regulators and industry affiliations

Our efforts to achieve the best outcomes in sustainable development and nation building include engaging with the government and conducting community enhancement projects.

Key Concerns

  • Compliance with government policies, rules and regulations
  • Contribution to national, industry and capital market development
  • Adoption of industry best practices in corporate governance
  • Anti-Corruption
  • Business Ethics
  • Corporate Governance

Our Approach

  • We adhere and comply to all policies and regulations.
  • We spearhead M-REIT’s industry improvement initiatives and policies through MRMA.
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Employees

All employees of the Manager and Trustee work in cohesion for the benefit of the unitholders.

Key Concerns

  • Career development and progression
  • Health, safety and well-being
  • Work-life balance, remuneration and employee benefits

Our Approach

  • We provide structured training and development programme for employees.
  • We provide a safe and equal workplace to allow employees report discrimination.
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About Us

Sunway REITs

Sustainability

  • 2021 Sustainability Statement

Investor Relations

Media Resource

  • © 2023 Sunway REIT. All Rights Reserved.
  • Privacy Notice
  • Terms & Conditions

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