Sunway became the first-ever Malaysian company to win a Gold award under the Sustainability Reporting category at the Australasian Reporting Awards (ARA) 2022.
Apart from Sunway Berhad’s Gold award under the Sustainability Reporting category, Sunway Construction Group Berhad also won a Silver award under the General Award category. Annual reports in this category are assessed against criteria such as clear communication objectives, reader-friendly layout, clear and transparent disclosures, evidence to support claimed performance, and balanced reporting.
These wins are strong testaments to Sunway’s unswerving commitment to transparent and sustainable value creation for its stakeholders through strategic and effective reporting practices.
“These awards are indeed testament to Sunway’s efforts in continuously communicating our progress and achievements towards sustainable development,” said Sunway Group Brand Marketing & Communications Senior General Manager Ms. Nik Tasha Nik Kamaruddin.
“Sunway will remain committed to excellent sustainability reporting practices while creating long-term value for all its stakeholders, in line with the Group’s responsibility and commitment to the best ESG practices,” added Ms. Nik Tasha.
The ARA awards were revealed at an exclusive event hosted in the Sydney Masonic Centre in Sydney on Monday, July 18 and were received by Sunway Group Brand Marketing & Communications Senior General Manager Ms. Nik Tasha Nik Kamaruddin.
The awards won at ARA 2022 follows Sunway’s continued recognition for its efforts towards sustainability. Earlier this year, Sunway broke into the top 15% percentile of its Industry Classification Benchmark (ICB) Supersector that was assessed by FTSE Russell and also received an ESG rating of “A” by Morgan Stanley Capital International (MSCI).
These recognitions acknowledge that Sunway continues to perform and surpass global industry averages across environmental, social, and governance (ESG), highlighting the group’s persistent and innovative efforts in championing the sustainable development agenda.
Sunway is the first corporation in Malaysia, and among the first in Asia, to introduce a carbon pricing framework into its business. From 2022 to 2024, the price will be set at RM15/tonne of CO2 (carbon dioxide) above a pre-defined threshold level. This price will be recalibrated progressively, with each of Sunway’s business divisions working toward their own decarbonisation targets. Business divisions that fail to meet their targets will need to pay a price, by having an amount deducted from their bonus pool.
