Sustainability journey and Milestones
Sunway Clio Hotel was the first Sunway REIT property in Sunway City
Kuala Lumpur to obtain green building certification from Malaysia’s Green
Building Index (GBI)
- 2013
Established 4 sustainability pillars:
- Marketplace
- Environment
- Workplace
- Community
Shortlisted Report for ACCA Malaysia Sustainability Reporting Awards (MaSRA) 2014
- 2014
Supported the United Nations Sustainable Development Goals (UN SDGs)
Established a Corporate Social Responsibility (CSR) Framework to guide CSR initiatives
- 2015
Established a Sustainability Working Group across all business segments to facilitate the implementation of sustainability initiatives at property level
Constituent of:
FTSE4Good Bursa Malaysia Index
Sustainability Statement incorporated for the first time into the Integrated Annual Report
Shortlisted Report for ACCA Malaysia Sustainability Reporting Awards (MaSRA) 2016
- 2016
Adopted a Sustainability Framework based on Bursa Sustainability Toolkit to formalise approach for strategic commitment to sustainable development practices and as an integral part of approach to risk management
Adopted the following local and international reporting guidelines in our Sustainability Statement:
- Bursa Malaysia Sustainability Reporting Guide
- Global Reporting Initiative (GRI)
- International Organisation for Standardisation (ISO) 26000:2010 Guidance on Social Responsibility
Sunway REIT properties in Sunway City Kuala Lumpur adopted a No-Smoking Policy
Won Industry Excellence Award for Real Estate Investment Trusts (REITs) and Investment Funds category at the National Annual Corporate Report Awards (NACRA) 2016
Established a Charity Policy to ensure donations made are within the scope of principles and procedures determined by the Board
- 2017
Sunway university & college campus was the first Sunway REIT property to install solar PV in Sunway City Kuala Lumpur
Won Gold in Best Integrated Reporting Awards at the National Annual Corporate Report Awards (NACRA) 2018
- 2018
Incorporated Sunway Berhad’s Sustainability Policy
Merit recognition from the National Annual Corporate Report Awards (NACRA) 2019
First REIT in the country to implement food waste composting in
hotels and shopping malls. Sunway Pyramid Shopping Mall
and Sunway Resort Hotel each invested in a food waste
composting machine to convert food waste into compost
Won Gold Award for Environmental,
Social and Governance at
The Asset ESG Corporate
Awards 2019
- 2019
Won Gold in Excellence Awards
for Companies with RM2 Billion
to RM10 Billion in Market
Capitalisation at National Annual
Corporate Awards (NACRA) 2020
Sunway Malls won the Leadership
Award from the Forest Stewardship
Council Asia Pacific, becoming
the first group of malls in the
Asia Pacific to receive the
recognition
Acquired The Pinnacle Sunway,
which is a green-certified
building by Malaysia’s Green
Building Index (GBI) and
Singapore’s Building and
Construction Authority
(BCA) GreenMark
- 2020
Constituent of:
FTSE4Good Bursa Malaysia
Index for the 6th consecutive year
Rated by:
- Morgan Stanley Capital International (MSCI) ESG Ratings
- S&P Global ESG Indices
Official supporter of the Task
Force on Climate-Related
Financial Disclosures (TCFD)
Aiming to achieve Net
Zero Carbon Emissions by
2050 and established 2030
Sustainability Goals
and Targets
- 2021
Established a
Sustainability Committee
Established a
Sustainability Policy
Replaced Charity Policy
with Donations,
Sponsorships and Corporate
Responsibility Policy
First Malaysian REIT to
venture into sustainability linked
bonds through
a collaboration with a
financial institution
Constituent of FTSE4Good Bursa Malaysia Indexes for the 7th consecutive year
First in Malaysian REIT implemented Sunway Green Lease Partnership Green Lease Programme for retail, hotel and office segments
Established Universal Accessibility Policy
Submitted first climate change and water security report to Carbon Disclosure Project (CDP)
- 2022
Sunway Resort Hotel achieved GreenRE Platinum status post-refurbishment, Malaysia’s first Platinum certified hotel
Sunway REIT obtained a GreenRE Gold status for Sunway Putra Mall
Five Sunway REIT properties representing 35% of total gross floor area managed is now green certified
More than 97.5% of our borrowings have been structured with sustainable finance mechanism
- 2023
RM4.7 billion of our borrowing facilities are secured through sustainable finance commitment
Achieved 3-star rating from GRESB
Improved MSCI rating from ‘BB’ in 2022 to an ‘A’
Improved FTSE4Good Bursa Malaysia ESG Score from 3.2 to 3.6
- 2023
82% tenants participation in Green Lease combined from both Retail and Office
- 2023
COMMITTED INTO ADVANCING
SUSTAINABLE DEVELOPMENT GOALS
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* Figures stated are for the year 2023
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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.
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CLIMATE REPORT: NET ZERO BY 2050
In the Climate Report: Net Zero by 2050 section, we provide a transparent account of our robust strategy and initiatives in addressing climate change and water security issues, aligning with internationally recognised frameworks for disclosing climate-related information.
2030 Targets
SUSTAINABLE Awards & Recognition
National Annual Corporate Report Awards 2020 (NACRA) Excellence Awards for Companies with RM2 Billion to RM10 Billion in Market Capitalisation (Gold)
Asia Sustainability Reporting Awards (ASRA) 2020 Asia’s Best Integrated Report (Design) (Bronze Award)
International Annual Report Competition (ARC) Awards 2020 – PDF version of Annual Report: Real Estate Investment Trust (REIT): Commercial / Industrial/ Office – Gold Award)
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