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 68% 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 13,900 kg CO2e from Scope 1 emissions, 51,263,500 kg CO2e from Scope 2 emissions (primarily from purchased electricity), and a significant 722,814,000 kg CO2e from Scope 3 emissions, which encompass areas such as the use of sold products and business travel. Comparatively, in 2022, the total emissions were about 709,631,700 kg CO2e, indicating an increase in emissions year-on-year. The breakdown for 2022 included 74,300 kg CO2e from Scope 1, 56,827,400 kg CO2e from Scope 2, and 652,730,000 kg CO2e from Scope 3. Sunway REIT has set ambitious climate commitments, aiming to reduce its residual emissions by 45% by 2030, based on a 2021 baseline. Additionally, the company targets a 4% annual reduction in emissions for its managed properties in both Scope 1 and Scope 2, using 2022 as the base year. These initiatives reflect a commitment to sustainability and align with industry standards for climate action. Furthermore, Sunway REIT is committed to achieving net-zero emissions by 2050, as part of its long-term strategy. This commitment is supported by its membership in the Science Based Targets initiative (SBTi), which underscores its dedication to addressing climate change through measurable and science-based targets. Overall, Sunway REIT's emissions data and climate commitments illustrate a proactive approach to reducing its carbon footprint while contributing to broader environmental goals.
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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.
