CapitaLand Investment Steps Up Sustainability Efforts

Published on:
KnowESG_CapitaLand Investment Steps Up Sustainability Efforts
Image of Vinamra Srivastava, Chief Sustainability & Sustainable Investments Officer at CLI. Image credit: CLI

CapitaLand Investment Limited's (CLI) latest Global Sustainability Report shows a wider view of its environmental impact.

They have added three new categories to track emissions across their entire value chain. This strengthens their commitment to their 2030 Sustainability Master Plan (SMP) goals.

Reducing Emissions and Using Cleaner Energy

The report highlights progress in cutting emissions from their own operations (Scope 1 and 2). They have built a new solar power plant in India and expanded green energy use to many buildings around the world.

These efforts reduced carbon emissions by the same amount as thousands of cars! They are continuing to find ways to use more renewable energy sources and make their buildings more energy-efficient. 60% of their buildings now have green certifications, and they aim for 100% by 2030.

CLI also released its first Climate Resilience Report, showing how prepared their properties are for climate change. This transparency reflects their commitment to taking action on climate issues.

Innovation for a Sustainable Future

CLI is working with tenants to test new ideas that reduce energy and water use. Several promising concepts are being piloted in different countries. These efforts, along with their CapitaLand Innovation Fund, show how innovation can help them achieve their sustainability goals.

Leading the Way in Sustainable Finance

As CLI expands its real estate investment management business, they are making sure environmental, social, and governance (ESG) considerations are a priority throughout the process. They develop custom ESG plans for each fund and carefully assess new investments to ensure positive environmental outcomes.

They are also a leader in sustainable finance, having secured billions of dollars in financing with green strings attached. The interest saved from these loans is then reinvested in making their operations more sustainable.

Recognition for Strong Sustainability Performance

CLI's efforts to reduce their environmental impact have not gone unnoticed. They have been included in a respected global sustainability index for 12 years and received a top rating from another for eight years in a row. This recognition confirms their position as a frontrunner in sustainable real estate management.

Mr Vinamra Srivastava, CLI's Chief Sustainability & Sustainable Investments Officer, said:

“Tightening our focus on Scope 3 emissions is crucial because they account for the majority of CLI’s total greenhouse gas emissions. With tenant emissions being the largest contributor to Scope 3, we are pleased that we have increased green leases with tenants in China and Singapore to 57% as at end Dec 2023 from 43% a year ago, and we'll continue to do so globally.

"We are stepping up collaboration with tenants and working to strengthen our supply chain management through various initiatives such as piloting sustainable building innovations crowdsourced from our global CapitaLand Sustainability X Challenge (CSXC) and deploying a series of environmental, social and governance (ESG)-related capability-building programmes for selected critical suppliers in a third-party due diligence ESG check we commissioned.

"In 2023, upon completion of the programme, these supply chain vendors achieved an improved ESG score. Our continuous focus on sustainability through on-the-ground actions and reporting addresses our vision of being the preferred global real asset manager creating sustainable positive impact.”

For more investor-related news

Discover an extensive network of ESG providers here

Source: CLI


Investors Headlines

Safran to Build a More Sustainable Aerospace Supply Chain

Safran to Build a More Sustainable Aerospace Supply Chain

ESG in Private Real Estate: Preqin & Measurabl Tie-Up

ESG in Private Real Estate: Preqin & Measurabl Tie-Up

AIM Group Publishes First Sustainability Report

APSEZ Earns Top Ranks for Sustainability Efforts

IHS Towers Releases 2023 Sustainability Report

TriNet Earns Top ESG Rating from ISS ESG

PATRIZIA Strengthens ESG Team for Impact Investing

Sustainability Tops CEO Agendas for Growth, Says Survey

Hershey Releases 2023 ESG Report

SIDC Updates ICF for Sustainable, Shariah Finance