As per the latest ESG assessment by Maybank Investment Bank Bhd (MIBB), Sunway Construction Group (SCGB) has an established frame-work, internal policies and tangible mid to long-term targets. SCGB’s overall ESG score was 66 out of 100, making its rating above average.
“Our qualitative assessment considers achievements by SCGB on selected parameters relating to the three pillars of Environmental, Social and Governance, while our quantitative assessment considers the internal setup within SCGB in fulfilling its ESG/sustainability targets/aspirations,” said MIBB.
MIBB also assessed SCGB’s sustainability targets. The above-average score of 66 is in-line with Sustainalytics’ score of SCGB’s ESG risk at 24.2 which put SCGB on the ‘Medium’ risk rating category.
SCGB is on track to meet its sustainability-based Future Value Goals 2030. Its aspiration is in-line with that of the Sunway Group, to achieve Net Zero Carbon Emissions by 2050.
It established its Future Value Goals 2030 in 2020 to measure its ESG performance on a yearly basis. Areas where more work is needed are such as the inclusion of ESG criteria in major suppliers’ selection process, lower Scope 1 & 2 emissions by 40% by 2030 from 2020’s levels and lower lost time injury rate and higher learning & development hours per employee.
