SUSTAINABILITY THROUGH

THE SUNWAY LENS

“Our sustainability agenda is anchored on our values and ethics. Our commitment to the SDGs is a commitment to values and purpose. And our commitment to ESG is a commitment to transparency and accountability.

Ong Pang Yen

Executive Director of Chairman’s Office at Sunway Group

Sunway’s outlook on the sustainability agenda is anchored by two key aspects. First, the success of Sunway in terms of its ability to remain profitable and relevant to all
stakeholders. The golden jubilee celebration of the brand in 2024 is a testament to
the Group’s sustainability strategy.

Fifty years is not a short period of time. It is a clear indication of our leadership’s preparedness in the face of an ever-changing business environment, and ability to outrival many of our competitors, to be among the top in the industries in which we operate. Our experience here demonstrates that sustainability and profitability can go hand in hand without compromising on our belief of “doing well by doing good”.

The second key aspect – as one of Southeast Asia’s leading conglomerates, we recognise the unique position we are in to advance the 17 Sustainable Development Goals (SDGs) adopted by the United Nations. Our business successes have enabled us to leverage and invest in our resources, innovation and people to pursue the sustainability agenda.

The SDGs and ESG are the two most important pillars in advancing the sustainability agenda. Both serve to address sustainability-related challenges and are closely intertwined in many instances. For example, our commitment to advancing SDG 13: Climate Action through conscientious efforts in reducing carbon emissions and investment in renewable energy also drives our progress in addressing the environmental factor in ESG. 

 

As such, we have aligned the SDGs with our ESG targets as part of our corporate strategy and social responsibility towards driving long-term, sustainable success.

At Sunway, we see the ESG disclosure and compliance framework as one of the more effective tools and as a “means to an end”, which is the UN-SDGs. More importantly, we view ESG as a data-based sustainability mechanism that facilitates disclosures and fosters transparency.

Through disclosures, stakeholders are able to see how companies are responding to pressing environmental, social and governance issues. We believe that transparency brings about accountability and builds trust. In other words, transparency promotes engagement with our stakeholders and helps keep the company on the right track to stay relevant in an ever-changing environment.

 

ESG is like a mirror for us to see how we look and then to take steps to improve and do what is right and good. If we don’t like what we see in the mirror, we will take steps to correct it. It is also about how we strengthen our own corporate governance to protect shareholders’ value.

 

Our Sustainability Report allows us to communicate the Group’s performance on sustainability  initiatives. It also allows us to assess our work and impact on society and stakeholders.

 

Beyond that, our Sustainability Report presents a series of Impact Stories – each representing a goal  in Sunway’s five sustainability goals as well as our aspirations and commitment to advancing the UN-SDGs and being ESG compliant to stay relevant.