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SUSTAINABILITY SUSTAINABILITY

ROAD TO DECARBONISING FOR MITIGATING RISKS,

NET ZERO A SUSTAINABLE FUTURE SEIZING OPPORTUNITIES

Sunway’s aim of achieving net zero carbon emissions by 2050
For the past seven years, Sunway Berhad’s listing on the
stems from its aspiration to build a sustainable future.
FTSE4Good Bursa Malaysia Index demonstrates its leading
To benchmark against the Group’s yearly performance, a
(ESG) risks.
governance framework was introduced to measure the 19 approach to addressing environmental, social and governance
Limiting global targets set to achieve ve goals, one of which is to transform By encouraging best practice disclosure, the index also
supports the transition to a lower carbon and more sustainable
Sunway’s portfolios to be low-carbon sustainable cities.
warming means
economy.
reducing In December last year, Malaysia experienced its heaviest Limiting global warming will mean reducing global GHG Ensuring progress towards net zero by 2050, Sunway has set an
global GHG rainfall in the last 100 years, resulting in ash oods that emissions by 45% by 2030 and achieving net zero emissions by interim target to halve emissions by 2030, with a focus on its Recently, Sunway received an upgrade in the Morgan Stanley
emissions resulted in more than 120,000 people displaced, 54 casualties 2050. internal carbon pricing framework, improving energy e cien- Capital International (MSCI) ESG Ratings to the highest
by 45% and an estimated RM6.1 billion ringgit in economic losses. cy and substitutions using renewable energy. rating of ‘A’ from ‘BBB’, placing among the top 15%
percentile of its Industry Classi cation Benchmark
by 2030 Choosing to continue operating in a ‘business as usual’ e emission intensity reduction target averages between 3.5% Supersector assessed by FTSE Russell. e MSCI ESG Rating
anks to rising global temperatures, extreme weather events scenario also comes at a great nancial cost – a cumulative loss
achieving are likely to worsen in the future, along with food security of almost US$10 trillion (RM42.05 trillion) between 2011 to 5% per annum. measures a company’s resilience to long-term industry material
ESG risks.
net zero issues and massive biodiversity loss. and 2050, according to the ‘Securing Our Future: Net Zero
emissions Pathways for Malaysia’ report by WWF Malaysia and Boston In a move to make carbon considerations central to business Being ahead of the curve means Sunway can not only minimise
operations, the introduction of carbon pricing will incentivise
by 2050 e Intergovernmental Panel on Climate Change (IPCC) Consulting Group Malaysia.
Sixth Assessment Report has warned that unless greenhouse the business divisions to reduce their carbon emissions and potential climate risks but in doing so, the Group is also able
gas (GHG) emissions are reduced in large-scale proportions, Conversely, adopting sustainable consumption and enable low-carbon innovation. to go a step further and capitalise on potential opportunities.
rapidly and immediately, it will be impossible for countries production, protection of nature, stabilisation of land use and
to cap global warming at 1.5°C or even 2°C above the peaking of GHGs could potentially result in a growth of To generate renewable energy, new solar installations will be From cost savings in energy e ciency, increased demand for
pre-industrial levels. US$230 billion (RM960 billion) compared to the baseline, the carried out at Sunway owned buildings this year. ese include green products and services, to a wealth of green technology
report noted. Menara Sunway Annexe, Sunway Resort Hotel, Sunway intellectual capital, Sunway stands to gain competitive
Carnival Shopping Mall and Sunway Putra Mall, which adds business advantage as well as market leadership through its
up to a planned installed solar energy capacity of 1,165 kWp commitment to net zero emissions.
(kilowatts peak).

Recognising that every stakeholder has a role to play in
decarbonisation e orts, Sunway established a sustainable
procurement policy last year, which highlights sustainability
commitments and performance as an assessment criterion for
suppliers. is ensures that all Sunway’s corporate activities
and businesses are carried out while fostering sustainable
creation of value for stakeholders.
Sunway shares its net zero aspirations with upstream suppliers
that contribute to ‘Scope 3’ or indirect GHG emissions from
upstream and downstream activities. Scope 3 emissions
represent 30% of Sunway’s total carbon emissions. “While regulators gradually implement stricter
ESG standards, investors are also increasingly
Beyond 2030, Sunway plans to use carbon o sets to achieve looking at a company’s sustainability scorecard
net zero emissions by 2050. In 2017, Sunway University had on various sustainability-related indices and
formed a partnership with Massachusetts Institute of Technol- rating tools to guide their investment strategy.
Having a net zero strategy in place also shows
ogy (MIT) to research carbon capture, utilisation, and storage that Sunway is going beyond its commitment to
technology to make it commercially viable. e Group is also the sustainability agenda.”
looking at strategic investments into large-scale solar farms,
with the goal of harnessing 40% of its energy requirements ONG PANG YEN
from solar to power all operations by 2035.
EXECUTIVE DIRECTOR OF CHAIRMAN'S OFFICE
SUNWAY GROUP

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