CapitaLand Investment ramps up sustainability ambitions

CapitaLand Investment has raised the bar for its ESG practice with a refreshed 2030 Sustainability Master Plan.  

The Singapore-based real estate investment manager launched the original master plan in 2020, but the refresh “doubles down” on sustainability, says chief sustainability officer Vinamra Srivastava.

“We have doubled down on our sustainability efforts in the refreshed 2030 plan, aligning it with our Net Zero commitment, with targets validated by Science Based Targets initiative (SBTi) and have also expanded our social and governance focus.  

“We are also deepening our efforts to reduce scope 3 emissions by forming partnerships with our supply chain vendors, engaging tenants to increase adoption of green leases at our properties globally and working with them to improve their sustainability performance.”

Amongst the new and adjusted targets CapitaLand Investment has pledged to increase the use of renewable energy from 35% to 45% by 2030 and to reduce waste intensity in day-to-day operations by 20%.  The refreshed plan also introduces new social targets focused on social impact, human capital development, and employee wellness, including having at least 40% female representation in senior management.

CapitaLand Investment also released its latest sustainability report, showing that 58% of its global portfolio had received green building certifications, placing the firm on track to achieving 100% certification by 2030. Renewable energy forms 5% of total electricity consumption.  The company also secured S$4.7 billion ($3.49 billion) of sustainable finance in 2022.

The company has been making continual improvements to its portfolio. CapitaMall Wangjing in Beijing (pictured above) was upgraded last year and achieved a LEED Gold rating in September.