Joint Leaders
Statement
Tan Sri Dato’ Seri Sir Dr. Jeffrey Cheah KBE AO
Founder and Chairman
Sunway Berhad
Tan Sri Dato’ (Dr.) Chew Chee Kin
President
Sunway Berhad
BUILDING AN EQUITABLE AND CLIMATE-RESILIENT SOCIETY
Amid another challenging year with the emergence of new COVID- 19 variants, Sunway forged ahead with solid sustainability measures to generate long-term tangible impacts for the planet and future generations. Guided by its five sustainability goals, the Group took action internally and externally by combatting climate change, investing in its people and giving back to society.
Dear Valued Stakeholders,
We live in a time of extreme uncertainty. While it appears that Malaysia and the world are winning the battle against COVID-19, the virus continues to pose a threat. Tensions between the U.S. and China have escalated, while the war in Ukraine has disrupted global supply chains.
Inflationary pressure may be cooling off but the already widened income inequality is reversing decades of hard-earned progress. The rise in the cost of living threatens to tip tens of millions into poverty and misery. The rapid advance of technology is changing and disrupting every aspect of our lives. And above all looms climate change, which poses a threat to the very survival of humanity. Our planet, our home, is burning up, literally. Clearly, implementing the sustainability agenda is no longer just an option, but an urgent imperative.
“Today, we have economies that need to grow, whether or not they make us thrive. What we need are economies that make us thrive, whether or not they grow.”
Professor Kate Raworth, Doughnut Economics'
DOING WELL BY DOING GOOD
To create a safe and just space for humankind without breaching the ecological ceiling, we
subscribe to the Doughnut Economics model – a conceptual framework that prioritises people
and shifts the focus to quality of life, with economic growth being a means towards those ends.
Everything that we do now is about the future generations and that means acting as responsible stewards of the planet. What we are doing at Sunway is strongly based on the principle that we can all do well by doing good.
Our embrace of the sustainability agenda is summed up in our vision statement, which is ‘To be Asia’s model corporation in sustainable development, innovating to enrich lives for a better tomorrow’.
This is why Sunway has fully embraced the 17 Sustainable Development Goals, or SDGs, adopted by the United Nations in 2015. The SDGs chart a holistic and comprehensive roadmap towards a sustainable future.
We have also integrated our SDGs with clear, compelling Environmental, Social and Governance (ESG) targets as part of our corporate strategy and social responsibility in driving the Group’s long-term success and commitment to nation-building. However, to transform the SDGs from being mere aspirations to genuine action requires measurable tools.
BUILDING AN EQUITABLE AND CLIMATE-RESILIENT SOCIETY
Amid another challenging year with the emergence of new COVID- 19 variants, Sunway forged ahead with solid sustainability measures to generate long-term tangible impacts for the planet and future generations. Guided by its five sustainability goals, the Group took action internally and externally by combatting climate change, investing in its people and giving back to society.
SUNWAY BERHAD’S CLIMATE ACTION
HALVING EMISSIONS BY 2030
Internal Carbon Pricing
- Emissions avoidance
(Energy efficiency improvement) - Energy substitution
(Renewable energy)
Engaging with stakeholders to reduce Scope 3 emissions
- Upstream – Suppliers
(Sustainable Procurement & Supply Chain) - Downstream – Tenants
(Green Lease)
GETTING TO NET ZERO BY 2050
- Carbon storage and capture
- Investment in large-scale renewable energy
“Sunway is, by every standard, a world leader in sustainable development and an inspiration to businesses and civil societies around the world.”
“Sunway thrives because it prioritises human wellbeing and inspires the best in all of its stakeholders and admirers.”
Professor Jeffrey
D. Sachs
