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.
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ON TRACK TOWARDS ACHIEVING 2030 TARGETS
Future value goals and 030 targets to transform Sunway REIT portfolio into low-carbon sustainable assets have been set
Strategic Framework:
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Decarbonisation
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Resource
management -
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
Implementation:
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Internal Carbon Pricing
- Emissions avoidance
(Energy efficiency improvement) - Energy substitution
(Renewable energy)
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Engaging with stakeholders to reduce Scope 3 emissions
- Upstream – Suppliers
(Sustainable procurement & supply chain practices) - Downstream – Tenants
(Green leases)
By 2030,
we target
to reduce
our residual
emissions by
0
%
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:
Global warming is limited to 1.5°C with mitigation efforts, in line with the Paris Agreement goal.
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2010
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2021
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2022
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2030
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2050
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CDP Report - Climate ChangeCDP Report - Climate Change
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CDP Report - Water SecurityCDP Report - Water Security