Sunway Listed on Ftse4good Bursa Malaysia Index
Sunway Berhad has been listed on the FTSE4Good Bursa Malaysia Index, an index that recognises publicly listed companies that distinguish themselves by consistently demonstrating socially responsible business practices.
Malaysia, January 19, 2015 (Newswire.com) - Leading property-construction group, Sunway Berhad, has been listed on the FTSE4Good Bursa Malaysia Index, an index that recognises publicly listed companies that distinguish themselves by consistently demonstrating socially responsible business practices.
Sunway was one of only 24 stocks to be identified and included as a constituent of the FTSE4Good Bursa Malaysia Index. Companies evaluated to be included comprise the top 200 Malaysian stocks in the FTSE Bursa Malaysia Emas Index and all companies were screened in accordance to well-defined environmental, social and governance (“ESG”) criteria.
The FTSE4Good series of indices is recognised by market participants internationally for its efforts in identifying and measuring the performance of companies demonstrating good ESG practices and aids investors in ethical investment decision making and portfolio management.
"As a master community developer, Sunway’s unique build-own-operate capabilities ensure our lifelong commitment to the sustainable growth and positive impact of our communities. We continue to strive to achieve a good balance between profitability and sustainability,” said Sunway Group founder and chairman Tan Sri Dr Jeffrey Cheah.
To be included in the index, companies need to demonstrate that they are working toward the highest standards across three pillars namely environmental, social and governance, which are divided into 14 themes. The themes include a company’s approach to climate change, water use, biodiversity, pollution and resources, environmental supply chain, health and safety, labour standards, human rights and community indicators, customer responsibility, social supply chain, anti-corruption, tax transparency, risk management and corporate governance covering a total of 350 indicators.
In the past year, Sunway has garnered some 20 international and national industry accolades and awards including ranking first in The Edge Top Property Developers Awards (TPDA) 2014, as well as clinching the Best in Qualitative Attributes Award 2014 and The Edge-PAM Green Excellence Award 2014 in the same ceremony for its eco-luxurious property, The Banjaran Hotsprings Retreat in Sunway City Ipoh.
Sunway was also recognised in the Business Leadership category at the Leadership in Sustainability Awards by Malaysian Green Building Confederation (MGBC) in the past year. The group also clinched two Industry Excellence Awards at the National Annual Corporate Report Awards (NACRA) 2014 for two categories out of eight - the Properties and Hotel category as well as the Real Estate Investment Funds & Closed-End-Funds category. Sunway’s construction arm bagged the Builder of the Year Award in the Malaysian Construction Industry Excellence Awards (MCIEA) 2013 and global consulting firm Frost & Sullivan named Sunway Malaysia’s Builder of the Year 2014 in the Best of the Best category.
Sunway Resort City, transformed from a derelict tin-mine, is Malaysia’s first sustainable township as certified by Green Building Index. Sunway has also preserved 1,300 acres of natural heritage in its two townships namely Sunway City Ipoh and Sunway Iskandar. The group also emphasises efficient public transportation and promotes walkability as a ‘liveability’ component in its developments. It is in the midst of building Malaysia’s first elevated Bus Rapid Transit (BRT)-Sunway Line using eco-friendly electric buses. Upon its completion in mid-2015, BRT-Sunway Line will serve more than 500,000 commuters in Bandar Sunway, Subang and USJ.
About Sunway
Since its inception in 1974, Sunway Group has grown exponentially from a tiny tin-mining company to become one of Malaysia’s largest and most respected conglomerates with the establishment of 12 businesses in 50 locations worldwide.
Community building, enriching lives, and entrepreneurship remain Sunway’s principal tenets as the group continues to transform lives through its core businesses of Property, Construction, and synergistic businesses of Hospitality, Retail, Leisure, Commercial, Trading & Manufacturing, Building Materials, Quarrying, Healthcare, Education and Real Estate Investment Trust (REIT).
Underscoring its deep commitment to sustain the communities it builds, Sunway Group supports its communities with its social responsibility endeavours of far-reaching impact championed by Education, Healthcare and Community Aid, Reach-out and Enrichment (C.A.R.E.) programmes.