Sunway, UOB Collaborate To Advance Net Zero Goal

Sunway and UOB Malaysia have inked a partnership which will see the two companies working together towards their shared mission to achieve net zero carbon emissions by 2050.  

The MoU was signed between Sunway Group Executive Director, Sarena Cheah and UOB Malaysia Country Head of Corporate Banking, Wholesale Banking Anita Tang, witnessed by Sunway Group Chief Financial Officer, Chong Chang Choong and UOB Malaysia CEO, Ng Wei Wei.

This collaboration will see Sunway and UOB Malaysia leveraging each other’s strengths and expertise to integrate sustainable financing solutions, infrastructure and technologies into various business divisions across Sunway’s ecosystem, including retail, hospitality, healthcare, property, construction and building materials.

These include joint capacity-building programmes and workshops to facilitate and to scale sustainability initiatives for tenants, lessees, and suppliers providing sustainability financing solutions to jumpstart investments into more sustainable infrastructure; as well as to address Scope 3 emissions. 

In addition, research on developments and most recent sustainability practices will also be shared between the two brands and applied, where relevant. 

Sunway is the first corporation in Malaysia, and among the first in Asia, to introduce such a robust carbon reduction strategy into its businesses. 

Similarly, as an early adopter of ESG, UOB has developed comprehensive and market leading sustainable finance frameworks and solutions to help companies across ASEAN decarbonise and transition to net zero.

Deliverables under the MOU will be rolled out progressively in the next few years. To kick-start their sustainability journey, Sunway’s partners, tenants and suppliers will be able to leverage UOB Malaysia’s online sustainability tool in the coming months to map out their actionable plans. 

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