Sustainability Progress and Governance

2024 Sustainability Goals and Targets

On track and progressing steadily

Progressing well

Progress exceeds expectations
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Building Energy Intensity

2030 Target:

45% reduction in carbon emissions by 2030

All, except one, business divisions met their energy intensity targets set for 2024

Renewable Energy

2030 Target:
At least 40% of electricity from renewable energy sources by 2030
of renewable energy was consumed
14000 MWh

Diverted Waste

2030 Target:
40% of waste diverted from landfills by 2030
of waste diverted from landfills
0 %

Water Intensity

2030 Target:
Reduction of 10% in overall water intensity target for managed assets
decreased in overall water intensity of managed assets from 2023
0 %
(Baseline year: 2015)

Municipal Water
Supply

Municipal Water Supply

2030 Target:
Reduce reliance on municipal water supply by up to 50% by 2030
of water supply from non-municipal sources
0 %

Uninterrupted Water
Supply

Uninterrupted Water Supply

2030 Target:
Achieve at least 5 days of uninterrupted water supply from the onset of water disruption event for all properties within KL/Selangor by 2030
located outside of Sunway City KL can sustain themselves for at least 5 days
0 out of 14

ISO 14001:2015 for Building Materials

2030 Target:
All industrial property sites to be ISO 14001:2015 (Environmental Management Systems) certified by 2030
Building Materials sites maintained their ISO 14001:2015
0 out of 6

ISO 14001:2015 for Construction Sites

2030 Target:
All ongoing construction sites are ISO 14001:2015 (Environmental Management Systems) compliant
ongoing construction sites are ISO 14001:2015 compliant
0
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Scope 3 Emissions

2030 Target:

Review and initiate disclosures of Scope 3 emissions

Scope 3 emissions categories have been disclosed
0 out of 15

Supplier Disclosure

2030 Target:

All suppliers to disclose in accordance with ESG standards and framework 

Simplified ESG Disclosure Guide (SEDG)
is being integrated into Supplier Risk Assessment
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Fatality Rate

2030 Target:
Stay below 1.46 fatalities per 100,000 workers by 2030
A
zero

fatality rate achieved

Occupational
Accident Rate

2030 Target:
Reduce occupational accident rate to 0.95 for every 1,000 workers by 2023
occupational accident rate for every 1,000 workers
0

ISO 45001:2018 Certification

2030 Target:
All business divisions are ISO 45001:2018 certified and achieve OHS culture – Level 4 and above by 2030
of the sites are ISO 45001:2018 certified
0 %
(35) of the sites achieved ‘Excellent’ in compliance
0 %
(29) of the sites achieved 'Platinum' and above in Best Practice ranking
0 %

Learning &
Development Hours

2030 Target:
36 learning and development (L&D) hours per employee
learning hours per employee
0
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Beneficiaries

2030 Target:
Support over 2 million beneficiaries from 2015 to 2030
beneficiaries impacted from 2015 to 2024
1300000
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Industry Classification
Benchmark

2030 Target:
Maintain the top 10% position of the Industry Classification Benchmark (Real Estate) Supersector
Achieved
of the Industry Classification Benchmark (Real Estate) Supersector
top 0 %

Sustainalytics
ESG Risk Rating

2030 Target:
Achieve and/or maintain low/negligible Sustainalytics ESG Risk Rating by 2030

Achieved
Low
ESG Risk Rating by Sustainalytics
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Building Energy Intensity

2030 Target:

45% reduction in carbon emissions by 2030

All, except one, business divisions met their energy intensity targets set for 2024

Renewable Energy

2030 Target:
At least 40% of electricity from renewable energy sources by 2030
of renewable energy was consumed
14000 MWh

Diverted Waste

2030 Target:
40% of waste diverted from landfills by 2030
of waste diverted from landfills
0 %

Water Intensity

2030 Target:
Reduction of 10% in overall water intensity target for managed assets
decreased in overall water intensity of managed assets from 2023
0 %
(Baseline year: 2015)

Municipal Water
Supply

Municipal Water Supply

2030 Target:
Reduce reliance on municipal water supply by up to 50% by 2030
of water supply from non-municipal sources
0 %

Uninterrupted Water
Supply

Uninterrupted Water Supply

2030 Target:
Achieve at least 5 days of uninterrupted water supply from the onset of water disruption event for all properties within KL/Selangor by 2030
located outside of Sunway City KL can sustain themselves for at least 5 days
0 out of 14

ISO 14001:2015 for Building Materials

2030 Target:
All industrial property sites to be ISO 14001:2015 (Environmental Management Systems) certified by 2030
Building Materials sites maintained their ISO 14001:2015
0 out of 6

ISO 14001:2015 for Construction Sites

2030 Target:
All ongoing construction sites are ISO 14001:2015 (Environmental Management Systems) compliant
ongoing construction sites are ISO 14001:2015 compliant
0
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Scope 3 Emissions

2030 Target:

Review and initiate disclosures of Scope 3 emissions

Scope 3 emissions categories have been disclosed
0 out of 15

Supplier Disclosure

2030 Target:

All suppliers to disclose in accordance with ESG standards and framework 

Simplified ESG Disclosure Guide (SEDG)
is being integrated into Supplier Risk Assessment
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Fatality Rate

2030 Target:
Stay below 1.46 fatalities per 100,000 workers by 2030
A
zero

fatality rate achieved

Occupational
Accident Rate

2030 Target:
Reduce occupational accident rate to 0.95 for every 1,000 workers by 2023
occupational accident rate for every 1,000 workers
0

ISO 45001:2018 Certification

2030 Target:
All business divisions are ISO 45001:2018 certified and achieve OHS culture – Level 4 and above by 2030
of the sites are ISO 45001:2018 certified
0 %
(35) of the sites achieved ‘Excellent’ in compliance
0 %
(29) of the sites achieved 'Platinum' and above in Best Practice ranking
0 %

Learning &
Development Hours

2030 Target:
36 learning and development (L&D) hours per employee
learning hours per employee
0
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Beneficiaries

2030 Target:
Support over 2 million beneficiaries from 2015 to 2030
beneficiaries impacted from 2015 to 2024
1300000
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Industry Classification Benchmark

2030 Target:
Maintain the top 10% position of the Industry Classification Benchmark (Real Estate) Supersector
Maintained position
in the top 10% of the Industry Classification Benchmark (Real Estate) Supersector

Sustainalytics
ESG Risk Rating

2030 Target:
Achieve and/or maintain low/negligible Sustainalytics ESG Risk Rating by 2030
Achieved
Negligible

ESG Risk Rating by Sustainalytics

ESG Benchmark

To achieve our 2030 Sustainability Goals and Targets, we benchmark and align our business practices, objectives, plans and targets with global goals, international and national reporting frameworks, as well as ESG rating tools.

Global Goals

ESG Benchmark Global Goals

Reporting Frameworks

Rating Tools

Sustainability Awards & Accolades

We have earned various awards and recognitions for our sustainability efforts, enabling us to further advance our goals and move towards becoming Asia’s model corporate in sustainable development.
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The Star ESG Positive Impact Awards 2023

Sunway is the top conglomerate winner at the inaugural The Star ESG Positive Impact Awards 2023, sweeping five awards, including two Gold Awards in the Responsible Consumption & Production and Transformation categories, as well as three Silver Awards in the Water Management & Efficiency; Diversity, Equity & Inclusion and Supply Chain Management categories.

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National Annual Corporate Report Awards 2023

Sunway wins four awards at the National Annual Corporate Report Awards 2023, which promotes excellence and improvement in corporate reporting. Sunway Berhad wins Gold for Best Sustainability Reporting, and Companies with RM2 Billion to RM10 Billion in Market Capitalisation, while Sunway REIT wins Silver. Meanwhile, Sunway Construction Group wins Platinum for the Companies with Less than RM2 Billion in Market Capitalisation. 

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The Edge ESG Awards 2023

Sunway Berhad wins Silver in the Industrial Products and Services category, while Sunway REIT wins Silver in the REIT category at The Edge ESG Awards 2023, which recognises Malaysia’s ESG leaders among public-listed companies and asset management firms. 

Sustainability Governance Structure

At Sunway, the Board Sustainability Committee (BSC) has oversight of matters related to sustainability and climate change, with ultimate responsibility for the Group’s sustainability progress.

Board of Directors

The Board provides strategic direction and oversight to the Group and its subsidiaries, ensuring alignment with the Group’s sustainability goals, core values and governance standards. It is also responsible for guiding management and ensuring the business operates with integrity and regulatory compliance.

Board Sustainability Committee (BSC)

The BSC reviews, oversees and recommends the Group’s sustainability strategy and performance for Board approval, meeting at least twice a year to evaluate the Group’s sustainability progress.
BSC Tan Sri Dato’ (Dr.) Chew Chee Kin

Tan Sri Dato’ (Dr.)
Chew Chee Kin

BSC Datuk Tong Poh Keow

Datuk Tong
Poh Keow

BSC Datin Paduka Sarena Cheah Yean Tih, S.M.S.

Datin Paduka Sarena
Cheah Yean Tih

BSC Dr. Philip Yeo Liat Kok

Dr. Philip
Yeo Liat Kok

The Jeffrey Sachs Center on Sustainable Development (JSC)

The Jeffrey Sachs Center on Sustainable Development at Sunway University advises the BSC and makes recommendations based on its academic research.

Group Sustainability Department (GS)

The GS department ensures compliance with ESG disclosure requirements by publishing the annual Sustainability Report, coordinating ESG data across the Group and recommending policies and action plans.

Management Sustainability Committee (MSC)
(across all Business Divisions and Group Functions)

Management Sustainability Committee (MSC)
(across all Business Divisions and Group Functions)

The GS department ensures the Group and Board meet ESG disclosure requirements, primarily through the annual Sustainability Report. It coordinates ESG data collection, analysis, and interpretation across the Group, recommends policies, and proposes action plans.