Sunway

Sunway, headquartered in Malaysia, operates within the Real Estate Services industry.

In 2024, Sunway reported total carbon emissions of approximately 493.4 million kg CO2e. This includes Scope 1 emissions of approximately 118.6 million kg CO2e, Scope 2 emissions of approximately 218.5 million kg CO2e, and Scope 3 emissions of approximately 156.3 million kg CO2e. Key contributors to Scope 3 emissions included downstream leased assets (approximately 132.1 million kg CO2e), employee commute (approximately 11.9 million kg CO2e), and waste generated in operations (approximately 10.1 million kg CO2e).

Looking back, their emissions in 2023 were approximately 416.4 million kg CO2e, with Scope 1 at approximately 101.6 million kg CO2e, Scope 2 at approximately 188.9 million kg CO2e, and Scope 3 at approximately 125.9 million kg CO2e. In 2022, emissions were approximately 201.2 million kg CO2e, comprising Scope 1 at approximately 55.6 million kg CO2e, Scope 2 at approximately 70.7 million kg CO2e, and Scope 3 at approximately 75.4 million kg CO2e.

Sunway has set several climate commitments, with its overarching ambition being to achieve net-zero carbon emissions by 2050, as stated in a 2023 document. The company also aims for carbon neutrality by 2050. Near-term targets include reducing residual emissions by 45% by 2030 (from a 2023 baseline). Additionally, Sunway aims to reduce Scope 1 and Scope 2 emissions by 30% from 2020 levels by 2030. There are also stated ambitions to reduce Scope 1 and Scope 2 emissions to near zero by the middle of this decade (2023-2025). Furthermore, by 2025, Sunway intends to reduce both Scope 1 and Scope 2 emissions by 30% from a 2020 baseline.

Sunway Berhad's SBTi commitments, as the parent organisation, indicate that it is a BA1.5 member, committing to net-zero. However, the near-term target status is listed as "Commitment removed" in some instances.