CapitaLand Investment Limited Strengthens Sustainability Reporting, Makes Impressive Progress
CapitaLand Investment Limited (CLI) has augmented its sustainability reporting framework to include additional emission categories and enhance transparency. This revised approach reflects CLI’s commitment to addressing its environmental impact throughout its operations, with a particular emphasis on Scope 3 emissions. Tenant consumption remains the primary contributor to Scope 3 emissions, and CLI has successfully increased green leases to 57% of its portfolio. Collaborative initiatives with tenants and suppliers, including crowdsourcing sustainable building innovations and implementing ESG-focused capability-building programs, have enabled CLI to drive positive change across its supply chain.
Beyond expanding its emissions reporting boundaries, CLI has made notable progress in reducing its Scope 1 and 2 emissions intensity. The commissioning of a 21-megawatt solar power plant in Tamil Nadu, India, has significantly contributed to this reduction. The expanded adoption of green energy across various properties in different countries has further mitigated carbon emissions. CLI’s commitment to asset enhancement initiatives has also resulted in a 13.4% energy intensity reduction in 2023, despite portfolio growth.
CLI’s dedication to sustainability is also evident in its focus on green building certifications. In 2023, 60% of buildings in its global portfolio attained green ratings, and CLI aims to achieve 100% certification by 2030. Furthermore, 46% of CLI’s properties have received LEED Gold certification or equivalent. This commitment to sustainable real estate development has earned CLI recognition in prestigious global sustainability indices, including the Dow Jones Sustainability World Index and the GRESB Real Estate Assessment.
CLI’s commitment to sustainability extends beyond its own operations. The company actively incorporates ESG considerations into its fund management lifecycle, ensuring that funds adhere to the highest standards of responsible investing. CLI conducts comprehensive EHS Impact Assessments for new investments, allocating sufficient capital to achieve desired ESG outcomes. Strategic partnerships with financial institutions have also facilitated CLI’s leadership in sustainable finance.
As CLI continues its journey towards becoming a global real asset manager, it remains committed to integrating ESG considerations into every aspect of its operations. The company’s comprehensive sustainability initiatives and innovative solutions have significantly mitigated its environmental impact while enhancing operational efficiency. CLI’s commitment to sustainability and environmental stewardship is evident in its recognition in prestigious global sustainability indices.
