Achieving net zero carbon emissions by 2050 towards building a sustainable future for the world
MEASURABLE, CONCRETE STEPS FORWARD
We aspire to be Asia’s model corporation in sustainable development. Aligning with the United Nations Sustainable Development Goals and Malaysia’s Shared Prosperity Vision 2030, we’ve set five goals and 19 key targets so that we can take concrete steps and measure progress periodically to ensure Sunway stays on track to meet these objectives.
All five goals are aligned with the UN-SDGs and we aim to achieve them by 2030.
Our Commitment to ESG and Sustainability
Sunway has prioritised sustainability since its inception in 1974. It stems from the vision of our founder and chairman, Tan Sri Sir Dr. Jeffrey Cheah, who made sustainability an integral part of Sunway’s business and decision-making process.
We define sustainability as more than just “going green.” Sunway adopts a holistic and comprehensive approach to ensure sustainable long-term growth by leveraging innovation and technology to generate lasting value. And we do so while upholding good governance, environment stewardship, talent management and community investment.
It all begins in sustainable development
Sunway’s commitment to sustainability and core values adds up to a powerful combination that has fuelled the Group’s growth and expansion over half a century. The very founding of Sunway Group is based on the concept of sustainable development, beginning with the transformation of our flagship Sunway City Kuala Lumpur from a wasteland into a wonderland.
We rehabilitated a land scarred by disused and abandoned mining pools, restored the ecosystem both physically and socially, and deployed technology and innovation to build an integrated township that houses everything from educational institutions, commercial entities, medical centre to shopping mall, hotel, themed park and residential neighbourhood. This vibrant community serves more than 200,000 people.
Our Policies
Sunway Group is committed to upholding the highest standards of integrity, business conduct, and professionalism in line with our core values of Integrity, Humility, and Excellence. We espouse a zero-tolerance policy towards bribery and corruption in our business dealings with all stakeholders governed by the Sunway Anti-Bribery and Corruption (ABC) policy.
Sunway’s Anti-Bribery & Corruption (ABC) policy was approved by the Board in 2019. It covers the Group’s anti-bribery and corruption strategies as well as action plans in preventing, detecting and managing bribery and corruption issues. Sunway does not make or offer monetary or in-kind political contributions to political parties, political party officials or candidates for political office. In 2020, we rolled out training on the ABC policy to all Sunway staff.
Read moreGRI 205
Sunway is strongly against all kinds of money laundering including dealing in the proceeds of criminal activities and terrorism financing. This policy guides all Sunway employees on strengthening anti-money laundering governance and reiterates Sunway’s commitment to complying with the Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
Read moreGRI 205
This policy sets out Sunway’s commitment to be a catalyst for other developments in the region to reduce the overall impact of the built environment on their surrounding biodiversity, by focusing on preservation, conservation, restoration and rehabilitation.
Read moreGRI 304
This policy outlines Sunway’s commitment to fostering diversity and inclusion in the workplace, as these values are closely tied to our core values of integrity, humility and excellence.
Read moreGRI 405, 406
This policy sets out Sunway’s commitment to developing all new buildings completed in 2025 onwards to be green-certified buildings to reduce the overall impact of the built environment on their surroundings.
Read moreGRI 301, 302, 303, 304, 305, 306
This policy outlines our commitment to developing all new townships from 2025 onwards to be green-certified townships, to reduce the overall impact of the built environment on their surroundings.
Read moreGRI 301, 302, 303, 304, 305, 306
This policy sets out Sunway’s commitment to achieving excellence in providing a safe and healthy working environment for its employees and external stakeholders.
Read moreGRI 403
This policy guides the execution of sustainability across the Group and sets out the scope, commitment and principles of Sunway in regards to sustainable development.
Read moreGRI 200, 300, 400
This policy sets out the scope, commitment and implementation of human rights practices at Sunway. The oversight of the policy is led by the Board of Directors, Board Sustainability Committee, Group Internal Audit and Group Human Resources.
Read moreGRI 406, 407, 408, 409, 412
This policy outlines our commitment to assist event organisers plan and deliver successful events that minimise negative impacts on the environment, through responsible resource management and pollution control, as well as inculcating organisation-wide awareness on environmental responsibility and accountability.
Read moreGRI 301, 305, 306
Established in 2020, the Sustainable Procurement Policy ensures a best practice approach to sustainable procurement. The policy outlines the guiding principles of our supplier selection process, focusing on the environmental and social aspects of the supply chain.
Read moreGRI 204, 308, 414
This policy sets out Sunway’s commitment to sustainable water management practices in ensuring water security for all stakeholders from our employees to the communities we serve.
Read moreGRI 303, 306
This policy serves as an avenue for Sunway’s employees and stakeholders to report any suspected inappropriate behaviour or misconduct relating to fraud, corrupt practices and/or abuses involving the Group’s resources. Complaints and feedback can be made via the Whistleblowing hotline at +603-5639 8025 or email at whistleblowing@sunway.com.my. All faxes and emails received will be directed to the Head of Group Internal Audit Department (GIAD). In 2020, GIAD received three reports not related to corruption and bribery through the whistleblowing channel.
Read moreGRI 205, 206
Sustainability Awards
Our commitment and dedicated efforts in promoting sustainability has won us industry recognition. These are important testaments as we aspire to become Asia’s model corporation in sustainable development.
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.
NACRA 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.
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 Report
This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards. We engaged an external assurance provider to verify the report’s accuracy and reliability of data, initiatives and policies, and to provide an independent assurance statement.
Feedback from our stakeholders is vital for us to continually improve our reporting and sustainability practices. We welcome your views, comments or feedback, which may be directed to sustainability@sunway.com.my.
