Sunway REIT Sustainability Profile
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 43 is higher than 63% 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 2024, Sunway REIT reported total carbon emissions of approximately 179,524,000 kg CO2e, with emissions distributed across various scopes: 12,000 kg CO2e (Scope 1), 59,523,000 kg CO2e (Scope 2), and 113,401,000 kg CO2e from downstream leased assets (Scope 3). The total emissions for 2023 were about 161,168,000 kg CO2e, indicating a significant commitment to monitoring and managing their carbon footprint. Sunway REIT has set ambitious reduction targets, aiming for a 45% reduction in residual emissions by 2030, based on a roadmap initiated in 2021. Additionally, they target a 4% annual reduction in emissions for their managed properties under Scope 1 and Scope 2, using 2022 as the baseline year. The organisation is committed to achieving net-zero emissions by 2050, as part of their long-term climate strategy. This commitment is aligned with the Science Based Targets initiative (SBTi), although they have recently removed some near-term targets. Sunway REIT's emissions data and climate commitments reflect a proactive approach to sustainability within the real estate sector in Malaysia.
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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 |
How Carbon Intensive is Sunway REIT's Industry?
How Carbon Intensive is Sunway REIT's Location?
Sunway REIT's Scope 3 Categories Breakdown
Sunway REIT's Scope 3 emissions, which increased by 11% last year and decreased by approximately 5% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 96% of Scope 3 emissions.
Top Scope 3 Categories
Sunway REIT's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sunway REIT has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Sunway REIT's sustainability data and climate commitments
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