Sunway City Kuala Lumpur,13 September 2021
All three of Sunway’s public-listed companies (PLCs) – Sunway Berhad, Sunway REIT and Sunway Construction Group Berhad (SunCon) – recently bagged a total of six awards at two prestigious awards underscoring the Group’s commitment to best practices in corporate governance and corporate reporting.
The three companies took home an award each at the Minority Shareholders Watch Group MSWG-ASEAN Corporate Governance Awards 2020, and at the 35th Annual Reports Competition (ARC) International Awards. Sunway Berhad has been recognised at the MSWG-ASEAN awards for three consecutive years since 2018 onwards while SunCon has been recognised for the fifth consecutive years since 2016.
Sunway Group President Tan Sri Chew Chee Kin said, “We are pleased that our stakeholders appreciate the positive actions we have taken to ensure good corporate governance practices and corporate reporting. We will continue to create long-term value for all our stakeholders, with the Group’s responsibility and commitment to the best ESG practices aligned with the United Nations Sustainable Development Goals.”
At the MSWG-ASEAN Corporate Governance Awards 2020, Sunway Berhad was named one of four leading companies under the Industrial Products & Services category while Sunway REIT and SunCon are the only winners in their respective sectors of Real Estate Investment Trust and Construction. Sunway REIT is also the inaugural winner of the REIT category. All three companies were also listed as among the top 30 companies with the best corporate governance disclosures out of a total of 851 PLCs assessed by MSWG in 2020.
The MSWG-ASEAN Awards recognises corporate governance best practices by Malaysian listed companies using the ASEAN Corporate Governance Scorecard assessment. The Scorecard adopts the Organisation for Economic Co-operation and Development (OECD) Principles of Corporate Governance as its main benchmark.
Separately, the three public-listed companies bagged three awards – one gold and two bronze awards at the 35th Annual Reports Competition (ARC) International Awards. Sunway Berhad won Bronze for its Interactive Annual Report (Sustainability Report category) and was the only winner the in Asia/Pacific category. Both Sunway REIT and SunCon won awards for their PDF Version of Annual Report in their respective categories of REIT (Commercial/Industrial/Office) and Construction & Building – with Sunway REIT taking home gold while SunCon clinching bronze.
The ARC Awards is one of the largest competitions in the world organised by New-York based MerComm Inc. Sunway’s wins places the brand alongside global brands such as Walmart Inc. (USA), Coca-Cola Company, and LOTTE Fine Chemical (South Korea). The six awards follow the Group’s two recent wins at the 6th Asia Sustainability Reporting Awards (ASRA), another international awards for sustainability reporting. Sunway was the only Malaysian conglomerate recognised at the awards, which evaluated close to 500 entries from 17 countries with Sunway Berhad winning Gold in the Asia’s Best Sustainability Report (Digital) category and Sunway REIT honoured with a Bronze in the Asia’s Best Integrated Report (Design) category.