Sunway REIT
Sunway REIT, officially known as Sunway Real Estate Investment Trust, is a prominent player in the Malaysian real estate sector, headquartered in Malaysia (MY). Established in 2010, the trust has rapidly expanded its portfolio, focusing on key operational regions such as Kuala Lumpur and Selangor. Specialising in retail, hospitality, and office properties, Sunway REIT distinguishes itself through its strategic asset management and commitment to sustainability. The trust's diverse offerings include shopping malls, hotels, and commercial spaces, which cater to a wide range of tenants and consumers. With a strong market position, Sunway REIT has achieved notable milestones, including recognition for its robust financial performance and innovative property developments. Its dedication to enhancing shareholder value and community engagement further solidifies its reputation as a leader in the Malaysian REIT landscape.
DitchCarbon Score
How does Sunway REIT's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Sunway REIT's score of 46 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sunway REIT's reported carbon emissions
In 2023, Sunway REIT reported total carbon emissions of approximately 774,091,400 kg CO2e. This figure includes Scope 1 emissions of about 13,900 kg CO2e, Scope 2 emissions from purchased electricity amounting to approximately 51,263,500 kg CO2e, and significant Scope 3 emissions totalling around 722,814,000 kg CO2e. Notably, the Scope 3 emissions primarily stem from the use of sold products, which accounted for about 695,320,000 kg CO2e. Comparatively, in 2022, Sunway REIT's total emissions were approximately 709,631,700 kg CO2e, with Scope 1 emissions at about 74,300 kg CO2e and Scope 2 emissions at approximately 56,827,400 kg CO2e. The Scope 3 emissions for that year were around 652,730,000 kg CO2e. Sunway REIT has set ambitious climate commitments, aiming to reduce its overall emissions by 45% by 2030, based on a roadmap initiated in 2021. Additionally, the company targets a 4% annual reduction in emissions for its managed properties in both Scope 1 and Scope 2 categories, using 2022 as the baseline year. Furthermore, Sunway REIT is committed to achieving net-zero emissions by 2050, as part of its long-term climate strategy. This commitment aligns with the Science Based Targets initiative (SBTi), reinforcing its dedication to sustainable practices within the real estate sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 16,100 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 41,854,500 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 757,132,900 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Sunway REIT is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
