Sunway Malls to spread sustainability in retail sector

At the launch of Sustainability Collaboration Alliance Network, which is said to be the first alliance network in Malaysia to solely focus on sustainability in the retail industry.

PETALING JAYA: More than 50% of Sunway Malls’ business partners have yet to commence their sustainability journey, according to an internal survey the retail group conducted last year.

Sunway Malls chief executive officer H.C. Chan said only about 46.3% of its business partners are embarking on some form of practices or policies for sustainable development.

“While we emphasise that sustainability is an important progression, we must also recognise that building awareness, knowledge and technical capability in sustainability is essential,” he said at the launch of the Sustainability Collaboration Alliance Network (SCAN).

He said doing so can act as a foundational starting point for sustainable progress, hence, strategies to raise awareness and reduce the costs of this transition needs to be prioritised.

“This is definitely a mammoth task and it needs a multiparty collaboration to see meaningful progress,” Chan said, adding he believes the retail industry needs to be equipped with the proper knowledge and tools, so informed decisions that promote sustainability can be made diligently.

SCAN is Sunway Malls’ pioneering step forward in transforming the retail landscape by spearheading education efforts on sustainability. Aimed at encouraging environmentally responsible practices while nurturing a thriving business community, Sunway Malls said it would pave the way, via multiple collaborations, for retail businesses to gain knowledge about sustainability and propel the agenda forward.

“By adopting eco-friendly practices, retail players in the country are expected to reduce carbon footprints, minimise waste and conserve resources. These efforts not only align with global sustainability goals, but also resonate with the growing consumer demand for ethically produced goods and eco-conscious brands.” said Sunway Malls in a statement.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Bursa Carbon Exchange inks MoU, MOC to grow voluntary carbon market in Malaysia
Maybank supports distribution of RM100 eMADANI credit
Ringgit closes higher against greenback on expectation us rate hike cycle is over
SCIB gets RM16.8mil contract
Citaglobal, Masdar, and TNB Renewables team up for a US$2bil solar farm project in Pahang
UMW Holdings disposes of land to Perodua
Eita's subsidiary bags RM56.31mil TNB contract
Bioalpha to develop an 8-acre agro park in Langkawi
KJTS Group inks IPO underwriting agreement
FBM KLCI declines amid mixed regional trading

Others Also Read