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Overview

OUR SUSTAINABILITY APPROACH

Sustainability journey and Milestones

COMMITTED INTO ADVANCING
SUSTAINABLE DEVELOPMENT GOALS

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Diverted 4% of our waste from landfills in 2022

5.8 million parking tickets were eliminated through the Sunway Smart Parking System in Sunway REIT properties within Sunway City Kuala Lumpur

Implemented Sunway Smart Parking System at REIT-owned properties within Sunway City Kuala Lumpur with car plate recognition

4
buildings certified green in 2022

43% of our Our BOD FP21 were women.

Collaborated with Jeffrey Sachs Center on Sustainable Development (JSC) to derive Value at Risk for properties exposed to the risks of climate change

2,154 tonnes of CO2e avoided in 2022

Zero reported incidences of corruption

Distributed 1,000 packets of bubur lambuk to the B40 community during Deepavali 2022

Water crisis SOPs implemented in all REIT-managed properties to ensure water security

646 donors participated in blood donation campaigns across our campaign

Generated 3,008 MWh of electricity from renewable energy source in 2022

* Figures stated are for the year 2022

ACHIEVING NET ZERO
CARBON EMISSION BY 2050

Sunway REIT is committed to reducing the impacts of global warming and achieving Net Zero Carbon Emissions by 2050. In 2021, we aligned the reporting of our climate action to the TCFD’s four overarching recommendations to enable us to identify climate-related risks and opportunities and ensure we remain resilient during the transition to a lower-carbon economy.

Climate Report

In 2021, Sunway REIT has prepared the Climate Report in line with the recommendations of  TCFD: Governance, Strategy, Risk Management, Metrics and Targets.

2030 Targets

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

SUSTAINABLE Awards & Recognition

SUNWAY REIT
SUSTAINABILITY STATEMENT 2022

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

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