In 2024, Sunway completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Sunway has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 121,570a | 104,355a | 56,596a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 218,546a | 188,898a | 70,696a | |
Total Scope 3 | 156,287a | 125,940a | 75,375a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 68.9624a | 78.1446a | 47.9899a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Sunway amounted to 340,116 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Sunway increased by 15.98%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Sunway were 121,570 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Sunway's Scope 1 emissions have increased by 147.59%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Sunway's Scope 1 emissions increased by 16.5%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Sunway reported Scope 2 greenhouse gas (GHG) emissions of 218,546 tCO₂e without specifying the calculation method.a
Since 2019, Sunway's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 348.12%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Sunway's Scope 2 emissions (Unspecified Calculation Method) rose by 15.7% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Sunway reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Sunway reported 156,287 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Sunway includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Sunway reported total Scope 3 emissions of 156,287 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 15.5% of these emissions originated from upstream activities such as purchased goods and capital goods, while 84.5% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Sunway's Scope 3 emissions have increased by 209.93%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Sunway's Scope 3 emissions increased by 24.1%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Sunway reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Sunway's Scope 3 emissions were:a
In 2024, Sunway reported Scope 1 greenhouse gas (GHG) emissions of 121,570 tCO₂e and total revenues of USD 1,763 millions. This translates into an emissions intensity of 68.96 tCO₂e per millions USD.a
In 2024, Sunway reported a Scope 1 emissions intensity of 68.96 tCO₂e per millions USD. Compared to the peer group median of 18.78, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Sunway ranked 19 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Sunway among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Sunway reported a total carbon footprint of 496,403 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.42% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Sunway's total carbon footprint was Scope 2 emissions, accounting for 44.03% of the company's total carbon footprint, followed by Scope 3 emissions at 31.48%.a