CapitaLand has unveiled its first Sustainability Master Plan that articulates the Group’s sustainability targets, strategies and plans for the next decade till 2030. The master plan focuses on three key themes to drive CapitaLand’s sustainability efforts in the environment, social and governance (ESG) pillars, enabling the Group to create a larger positive impact for the environment and society: Build portfolio resilience and resource efficiency; Enable thriving and future-adaptive communities; Accelerate sustainability innovation and collaboration.
Mr Lee Chee Koon, CapitaLand’s Group chief executive officer said, “At CapitaLand, sustainability is at the core of what we do. It is embedded into every stage of our real estate lifecycle, from investment to development and operations. CapitaLand’s Sustainability Master Plan will be our strategic blueprint, focusing on areas where we can create the greatest positive impact and pursue profitable business growth in a responsible manner. The master plan will guide us to galvanize efforts across our global network of properties, enabling CapitaLand to make a bigger contribution to the environment and the communities where we operate, and position CapitaLand as a progressive employer of choice.”
Ms Lynette Leong, chief sustainability officer, CapitaLand Group said, “We acknowledge that the solution to sustainability challenges requires collective efforts and the pushing of boundaries. To advance sustainability innovation and collaboration for CapitaLand and within the built environment, we will introduce our inaugural ‘CapitaLand Sustainability X Challenge’. It is the first sustainability challenge by a Singapore real estate company on a global scale. Participants from across the world will not only stand to win project funding but, more importantly, pilot their solutions at CapitaLand’s global network of properties and be mentored by our business leaders. The ‘CapitaLand Sustainability X Challenge’ will enable CapitaLand to source and deploy impactful and scalable innovative solutions.”
CapitaLand has set ambitious carbon reduction targets which include a 78% reduction in carbon emissions intensity by 2030. The new target is more than double the 29.4% reduction it achieved in 2019.
CapitaLand aims to lead the industry in best practices to ensure sustainable operational excellence across its global portfolio. In addition to fostering deeper collaborations with its partners to drive its sustainability goals, CapitaLand will also leverage technology and innovation to raise productivity, elevate service quality and improve the well-being and safety of its customers.
Over the next decade, CapitaLand aims to be a leader in sustainable finance that is tied to its ESG performance so as to continually spur ESG initiatives within the company.
For details, visit: https://www.capitaland.com/international/en/about-capitaland/sustainability.html.