Ms. Lynette Leong, Director of Sustainability, CLI, said: “As a global leader in real estate sustainability, CLI is committed to doing our part to fight climate change and reduce our carbon footprint in more than 250 cities in 30 countries where we are present. We integrate environmental, social and governance (ESG) considerations into everything we do, from our investment process to the design, development and operation of our properties. We are also using renewable energy in the operation of our properties, stepping up our global pursuit of innovations through our CapitaLand Sustainability X Challenge, and increasing our adoption of sustainable finance, among others. To guide our investment decisions, we have set a shadow internal carbon price since Q3 2021 to assess the environmental costs of greenhouse gas emissions from each investment and take appropriate mitigation actions accordingly. We will continue to pursue our ESG efforts to deliver measurable results and long-term economic value to our stakeholders. »
This year’s Clean200 companies rose to the top of a group of 8,480 global companies based on a rigorous assessment of how much revenue each company derives from products and services aligned with the clean economy taxonomy of Corporate Knights.
CapitaLand’s commitment to reducing its carbon footprint
CapitaLand’s 2030 Sustainability Master Plan launched in October 2020 includes a carbon emissions reduction target that is validated by the Science Based Targets Initiative. CapitaLand has increased the use of renewable energy and installed solar panels on top of seven buildings in Singapore as of December 31, 2021, with more in the pipeline. The energy generated by this renewable source will help reduce CapitaLand’s carbon footprint. This includes powering its offices in Singapore since 2020. The solar panels will generate a total of 11,462 megawatt hours of renewable energy. It will help avoid more than 4,676 tons of carbon emissions, the equivalent of energy for more than 2,400 homes each year.
For its second edition of the CapitaLand Sustainability X Challenge (CSXC), CSXC 2022, one of the key themes is decarbonization. The goal is to find solutions that reduce the intensity of energy consumption while guaranteeing the thermal comfort of the occupants of the building and increasing the adoption of renewable energies in the CapitaLand portfolio. CSXC 2022 will see increased funding of up to S$650,000 for the top 10 projects to be piloted across the group’s global network of properties. CapitaLand offers its innovators access to a range of global real estate asset classes and typologies in varying climatic conditions to implement their solutions. This gives them the opportunity to conclusively demonstrate how their systems will perform under real-world conditions. Shortlisted teams will be mentored by leading industry experts to prepare them for presentation to a distinguished jury in July 2022. CSXC 2022 is open for submissions. Submit here by February 28, 2022.