CapitaLand Investment elevates its ESG efforts with refreshed 2030 Sustainability Master Plan

CapitaLand Investment

India, 1 June 2023 – CapitaLand Investment (CLI) has elevated its environmental, social and governance (ESG) efforts with its refreshed 2030 Sustainability Master Plan (SMP).  Launched in 2020, the 2030 SMP is CLI’s strategic blueprint that charts its journey towards its ambitious sustainability targets.  Keeping pace with the evolving global landscape and to ensure relevance to its business, CLI has reviewed the 2030 SMP to strengthen its ESG pillars, driven by three key themes: Build, Enable and Steward.

The refreshed 2030 SMP1 integrates CLI’s commitment to achieve Net Zero carbon emissions by 2050 and reduce scope 1 and 2 carbon emissions by 46%2 by 2030.  It includes an increased target for the use of renewable energy from 35% to 45% by 2030, and a new target to reduce waste intensity in day-to-day operations by 20%.  It also introduces new social targets focused on social impact, human capital development, and employee wellness, including having at least 40% female representation in senior management3, and increases focus on governance.  The refreshed 2030 SMP provides greater clarity on CLI’s pathways to achieve its sustainability goals.

CapitaLand Investment

Mr Vinamra Srivastava, CLI’s Chief Sustainability Officer, said: “Amidst the multitude of global crises, maintaining focus on our pursuit of sustainability in our strategy and business is the way forward.  We have doubled down on our sustainability efforts in the refreshed 2030 SMP, aligning it with our Net Zero commitment, with targets validated by Science Based Targets initiative (SBTi)4; and have also expanded our social and governance focus with new targets.  Achieving our sustainability goals requires a global ecosystem approach along multiple stakeholder collaborations.  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.”

“Since we unveiled the SMP in 2020, we have been focusing on execution to achieve our ambitious ESG targets.  We continue to push boundaries in sourcing for innovative solutions and piloting them at our properties across the world.  We have also intensified the use of renewable energy generated onsite and offsite, and expanded our network of capital partners for sustainable financing, among others.  We remain steadfast on our sustainability journey towards our ESG goals,” added Mr Srivastava.