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S P Setia, incorporated in 1994, is a publicly traded company and Malaysia's largest property developer by sales. Headquartered in Setia Alam, Malaysia, the company specialises in residential housing development. As of 2022, S P Setia operates 93 malls and has developed 183,491 residential units
Summary
Setia discloses information on some topics related to urban sustainability but lacks disclosure on many important topics. The company demonstrates a commitment towards ethical practices and integrity by including anti-bribery and anti-corruption clauses in its contracts. It also discloses a whistleblowing e-form website for stakeholders to raise concerns about bribery and corruption confidentially, which is crucial for fostering transparency and building stakeholder trust.
However, Setia’s sustainability reporting reveals several key gaps which affect the company’s ability to demonstrate accountability in its environmental and social impact management. The company should disclose information on the affordability of its properties. Furthermore, it should regularly report its scope 1 and 2 emissions and provide data on the core categories of its scope 3 emissions. Additionally, the company should disclose how it identifies human rights risks at specific locations or through its business relationships.
The company also has an opportunity to improve its delivery of high-quality properties. It aims for 100% of its building and infrastructure contractors to obtain ISO 14001 and ISO 45001 certification, but these target lacks a specific timeline. Setting clear, time-bound targets will enhance the company’s accountability and drive progress.
Ranking position
#134
/300
Total score
12.4
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
12.5
/100
Rank (0-300)
#89
Measurement area
Inclusive Cities
Score
# 1
17.5
/100
Rank (0-300)
#133
Measurement area
Healthy Cities
Score
# 1
6.9
/100
Rank (0-300)
#113
Measurement area
Climate Proof & Resilient Cities
Score
# 1
0.0
/100
Rank (0-300)
#170
Measurement area
Core Social Indicators
Score
# 1
25.0
/100
Rank (0-300)
#73
Industries
Industries
Real estate
#47
63716
