CapitaLand brings in tenants for latest sustainability challenge
CapitaLand is focusing on reducing Scope 3 emissions and partnering with its tenants for its third Sustainability X Challenge (CSXC), a global sustainability innovation competition.
The Singapore-listed property company is inviting start-ups to submit innovations which will improve the sustainability of the built environment. Selected CSXC innovations will have the opportunity to be trialled at the premises of CapitaLand’s tenant partners. DBS Bank is the first tenant partner to join the challenge.
CapitaLand seeks innovations which address challenges such as decarbonisation, water conservation and resilience, waste management and the circular economy as well as enhancing the health, safety and wellness of occupiers.
Vinamra Srivastava, CapitaLand Investment’s chief sustainability officer, said: “We recognise that innovation is a key lever to achieve our sustainability targets. CSXC offers start-ups from around the world the opportunity to testbed their innovations for the built environment at our properties as well as tap leading industry expertise to commercialise and scale up their solutions.
“Twenty innovations from our first two challenges have been given the opportunity to be piloted at 24 CapitaLand properties in five countries. We are implementing innovations from the successful pilots at several of our properties.”