Sunway REIT is introducing a Green Lease Partnership Programme for all its tenants and hotel lessees, the program offers its clientele the opportunity part of the international practices in sustainability.
The Body Shop, Muji, L’OCCITANE, Starbucks Coffee, Roche (Malaysia), Accenture Technology Solutions, and Sunway Hotels have already committed to partner Sunway REIT in the Programme.
Moving beyond reduction of Scope 1 and 2 emissions, which are generally within the control of an organisation, the implementation of the Green Lease Partnership Programme is the latest initiative to promote and engage with its stakeholders to reduce Scope 3 emissions. Scope 3 emissions are the result of activities not controlled by the organization but by organisations in its value chain such as suppliers or customers.
“We are confident that our target of 100% tenant participation in the Green Lease Partnership Programme will be achieved before or by 2030, and we will continuously work closely with our stakeholders to reduce Scope 3 emissions,” said Sunway REIT Chief Executive Officer Dato’ Jeffrey Ng.
Sunway REIT aims to achieve 100% tenant participation in the Green Lease Partnership Programme, which is introduced to all Sunway REIT properties across the Retail, Hotel, Office, Services and Industrial & Others segments. Sunway Malls has also introduced the programme to all its retail malls across Malaysia, beyond the three retail properties, to extend the reach and impact of the initiative.
To drive progress towards net zero by 2050, Sunway REIT has set an interim target to halve emissions by 2030 by focusing on reducing residual emissions by 45% through improving energy efficiency and using energy substitution. Sunway REIT’s sponsor, Sunway Berhad, is among the first corporation in Asia, and the first in Malaysia, to implement an internal carbon pricing framework into its business to push the net zero agenda.
