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Features

             Why                                                                                                                                                                                 SOWING THE SEEDS OF SUSTAINABLE DEVELOPMENT



              sustainability                                                                                                                                                                     be  overstated.   is  is  especially  true  for  Sunway  Group  Founder  and
                                                                                                                                                                                                  e importance of education in achieving sustainable development cannot
                                                                                                                                                                                                 Chairman Tan Sri Dr Jeffrey Cheah, whose conviction is to make quality
                                                                                                                                                                                                 education available to all through Sunway Group and the Jeffrey Cheah
                                                                                                                                                                                                 Foundation.


                                                                                                                                                                                                 childhood  friends  lose  out  on  advancement  opportunities  due  to  their
                                                 must continue                                                                                                                                   Growing up in his hometown of Pusing in Perak, Cheah witnessed his
                                                                                                                                                                                                 families’ financial challenges and realised that education is the best route
              The devastation left                                                                                                                                                               out of poverty and misery.
              in the wake of the                                                                                                                                                                 Recognising the crucial role of education in achieving the SDGs, Cheah
              pandemic means that                     in a pandemic                                                                                                                              joined His Holiness Pope Francis, former UN Secretary-General Ban Ki
              sustainable                                                                                                                                                                        Moon, UNESCO Director-General Audrey Azoulay, and world leaders to
                                                                                                                                                                                                 launch Mission 4.7 at the start of the annual Vatican Youth Symposium
              development is                                                                                                                                                                     on 16 December last year.
              needed more than                                                                                                                                                                    e  global  initiative  is  co-founded  by  Global  Schools  and  the  SDG
              ever – not just for                                                                                                                                 In February this year, Sunway Bhd,   Academy  –  flagship  programmes  of  the  United  Nations  Sustainable
                                                                                                                                                                  Sunway Construction Group Bhd
              recovery e orts but                                                                                                                                 and Sunway REIT have joined    Development  Solutions  Network  (UN-SDSN)  –  in  partnership  with
                                                                                                                                                                                                 UNESCO, the Ban Ki-moon Centre for Global Citizens, and the Center
              to build a more                                                                                                                                     global efforts to support the   for Sustainable Development at Columbia University in the US.
                                                                                                                                                                  recommendations  of the  Task  Force
              resilient future.                                                                                                                                   on   Climate-Related  Financial
                                                                                                                                                                                                 Mission 4.7, is set to accelerate the implementation of SDG Target 4.7,
                                                                                                                                                                  Disclosures (TCFD).
                                                                                                                                                                                                 which  calls  upon  governments  to  ensure  that  learners  acquire  the
                                                                                                                                                                                                 knowledge, skills, values, and attributes needed to achieve the SDGs, by
                                                                                                                                                                   e three PLCs were among the first
        e COVID-19 pandemic has upended the   A year of lockdowns have resulted in school   World Economic Forum (WEF) President Borge Brende, who   Moving  forward,  prioritising  companies in Malaysia to join 1,700   bringing together leaders from the government, academia, civil society,
       world as we know it, worsening existing   closures  affecting  1.25 billion students   was quoted in a Reuters article on 20 January, said that the vast   sustainability will be a necessity for   organisations worldwide in supporting   and business.
       inequalities in society and derailing decades   worldwide and 86% of primary school   amount of money in stimulus spending is “unlikely to make a   businesses, as investors increasingly   TCFD’s recommendations on   Drawing upon UNESCO’s global leadership in education for sustainable
       of progress made towards achieving the   children in developing countries have   lasting difference”, unless it is spent on “building future   look for sustainable business models   climate-related financial disclosures,   development  and  global  citizenship  education,  Mission  4.7  will  be
       United Nations Sustainable Development   missed out on education – majority of   resilience, including measures to develop green, low-carbon   that demonstrate resilience and are able   which comprise four areas –
       Goals (UN-SDGs) by 2030.           which is due to the digital divide, according   economies, and broaden digital access”.    to stand the test of unprecedented   governance, strategy, risk management,   responsible  to  monitor  SDG  Target  4.7,  ensuring  alignment  with
                                          to  the United Nations Development                                                      market risks.                   as well as metrics and targets.  UNESCO’s global frameworks and conceptualisations, and complement
                                                                                                                                                                                                 existing programmes.
       While ‘infectious diseases’ was ranked as the   Programme (UNDP).     Investments into areas such as healthcare, housing, digitalisa-
       top global risk facing the world in the next                          tion, and the environment will lay the foundation for a more   ESG has been gaining traction in                     Sunway  City  Kuala  Lumpur  has  officially  been  selected  as  one  of  the
       decade  in the World Economic  Forum’s   As governments intervene with stimulus   resilient and inclusive economy moving forward, said the   Malaysia, evidenced by the number of   “We have aligned our
       Global Risks Report 2021, other global   packages to keep their economies afloat   International Monetary Fund (IMF).       FTSE4Good Bursa Malaysia Index                                 overarching United Nations Sustainable Development Solutions Network
       risks such as climate-related ones (extreme   amid a global recession, resources cannot be                                 constituents as of December last year,   material ESG issues to the   (UN-SDSN) centres, alongside New York City and Paris, to coordinate
                                                                                                                                                                                                 continent-wide  sustainability  initiatives  for  Asia,  the  Americas  and
       weather, climate action failure, human-led   shifted away from SDGs.  “ e recovery from the COVID-19 crisis must lead to a   which has tripled since its launch in   UN-SDGs as part of our   Europe/ Africa respectively.
       environmental damage), jobs crisis, digital                           different economy. Everything we do during and after this crisis   2014. Starting out with 24 companies,   strategy for long-term success
       inequality and cybersecurity, are just as   In fact, in crises like now, the SDGs are   must be with a strong focus on building more equal, inclusive   the FTSE4Good Bursa Malaysia Index   and economic value. With the
       pertinent. Left unchecked, these threats will   especially relevant.  and sustainable economies and societies that are more resilient   – which measures the performance of   TCFD, we have a strategic    e UN-SDSN centre in Sunway University will host the head office of
       have equally devastating and far-reaching                             in the face of pandemics, climate change, and the many other   public-listed companies (PLCs) that   tool for engagement between   the SDG Academy and lead programmes of the SDSN in Asia.
       consequences, and even hinder pandemic   “Achieving the SDGs will put us on a solid   global challenges we face,” said UN Secretary-General António   demonstrate ESG practices – now has   Currently, the SDG Academy is drawing up a curriculum on sustainable
       recovery efforts.                   foundation and a firm path to dealing with   Guterres in a virtual press conference last March.  75 PLCs on board,  e Edge reported.  our companies and investors.   development to be introduced as a compulsory subject at the K-12 level
                                          global health risks and emerging infectious                                                                                Sunway will continue to
       According to the World Bank’s ‘Poverty   diseases. Achieving Goal 3 of ‘Good Health   ALIGNING BUSINESS WITH SUSTAINABILITY  Embracing sustainability at the core of   accelerate its sustainability   worldwide.
       and Shared Prosperity’ Report, global   and Wellbeing’ will mean strengthening    e silver lining to the pandemic is that a year marked with   its business is Sunway Group, which   strategy towards our   “Mission 4.7 is being undertaken at a critical moment in the history of this
       extreme poverty is expected to rise for the   the capacity of countries for early warning,   uncertainty and disruptions has accelerated investor interest in   has adopted the SDGs as a framework   continued growth, and to   planet. Unless we act, and act now to educate our younger generation,

       first time in over 20 years, with the crisis   risk reduction and management of national   companies with strong environmental, social, and corporate   on which core business strategies are   attract capital for continuous   I fear for their future and the world they will inherit,” said Cheah at the
       putting an estimated 150 million people at   and global health risks,” said the   governance (ESG) practices.              built to promote the needs of the
       risk of extreme poverty.           Co-Chairperson of the United Nations                                                    surrounding communities.  Sunway   low-carbon innovation while   launch.
                                          Secretary-General’s Eminent Group of   Citing a Financial Times article from August 2020,  e Edge   Group’s public-listed entities Sunway   driving to deliver a   “For  a  country  to  prosper,  it  is  not  enough  just  to  have  education.
        e International Labour Organization   Advocates for the SDGs, Republic of   had on 20 January reported that investors invested record sums   Bhd and Sunway REIT have   sustainable future for all.”   It  should  also  be  of  high  quality  and  made  affordable  and  accessible.
       projected 305 million job losses worldwide,   Ghana President Nana Addo Dankwa   into sustainable investment funds that are based on ESG   maintained their presence in the                e fundamental building blocks of nation-building are to first develop


       while the global economy suffered a US$28   Akufo-Addo, and Norwegian Prime   principles during the pandemic, with net inflows of US$71.1   FTSE4GOOD Bursa Malaysia Index
       trillion in lost output, according to the   Minister  Erna Solberg,  in a joint  op-ed   billion globally between April and June last year, and assets   since 2014.  Sunway Group President   our people towards building a progressive future together. Which is why

       International  Monetary  Fund  estimates  –   article for the UN.     under management in sustainable investment passing US$1                                 Tan Sri Chew Chee Kin       I do this through quality education and research — without knowledge
                                                                                                                                                                                                 there will be no progress,” said Cheah in a recent interview with  e Edge
       due to the pandemic.                                                  trillion for the first time.                                                                                         this year.
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