Sustainability Is At The Core Of Everything We Do
At CapitaLand, we place sustainability at the core of everything we do. We are committed to growing in a responsible manner, delivering long-term economic value, and contributing to the environmental and social well-being of our communities.
CapitaLand Investment 2030 Sustainability Master Plan
Following the restructuring of CapitaLand Limited into two distinct business entities – CapitaLand Investment (CLI), the listed real estate investment management business and CapitaLand Development, the privatised property development arm, the CapitaLand Investment 2030 Sustainability Master Plan continues to serve as a strategic blueprint for CLI’s sustainability journey. Unveiled in 2020, the Master Plan outlines our ambitious goals and directs our sustainability efforts towards a shared purpose. CLI reviewed it in 2022 to strengthen our ESG (Environmental, Social and Governance) pillars; We strive to BUILD a resilient and resource-efficient real estate portfolio, ENABLE thriving and future-adaptive communities, and STEWARD resposible business conduct and governance. We have set ambitious ESG targets, including carbon emissions reduction targets that have been validated by the Science Based Targets initiative (SBTi), new social targets focused on human capital development, employee wellness and customer and supplier partnerships, and increased our focus on governance.
CLI is committed to achieving Net Zero carbon emissions for scope 1 and 2 by 2050, as part of our wider sustainability targets, which include accelerating our transition to a low-carbon business, improving water conservation and resilience, and promoting a circular economy.
CLI will continue to review our plan to ensure they remain relevant to the evolving environment and CLI's business. Read more about the CapitaLand Investment 2030 Sustainability Master Plan, our framework and our targets here!
CapitaLand Science Based Targets Approved
CapitaLand's emissions reduction targets have been approved by the Science Based Targets initiative (SBTi) for a 1.5°C scenario. Click here to find out more about the approved science based targets.
CapitaLand Sustainability X Challenge
Launched in conjunction with CapitaLand’s Sustainability Master Plan, CapitaLand will crowd-source the world for the best sustainability innovations through ‘CapitaLand Sustainability X Challenge’ and pilot new technologies and solutions at our properties to enable us to meet our ambitious 2030 targets.
Challenge statements are focused on four key areas: (i) low carbon transition; (ii) water conservation and resilience; (iii) waste management and the circular economy; and (iv) health, safety & wellness in buildings.
Visit our page to find out more about the challenge!
Referencing International Frameworks and Benchmark
We integrate sustainability into the real estate life cycle. We are committed to grow in a responsible manner, deliver long-term economic value, and contribute to the environmental and social well-being of our communities. We will accelerate innovation and collaboration.
We uphold high standards of corporate governance and transparency to safeguard shareholders’ interests, we want to build and develop a dynamic workforce and talent pool who will enable our company to achieve our next phase of growth. Our community development efforts focus on supporting underprivileged children and seniors through corporate philanthropy and employee volunteerism.
We are also a signatory to the United Nations Global Compact (UNGC), reflecting our commitment to contributing to a sustainable global economy for present and future generations. Since end 2017, we progressively rolled out CapitaLand Supply Chain Code of Conduct to influence our supply chain to operate responsibly in the areas of anti-corruption, human rights, health and safety, as well as environmental management. We have pledged our support for Task Force on Climate-related Financial Disclosures (TCFD) recommendations and has voluntarily disclosed climate-related financial disclosures in four key areas as recommended by the TCFD.
Our sustainability efforts have been consistently recognised globally. CapitaLand is listed in The Sustainability Yearbook, Global 100 Most Sustainable Corporations in the World, Dow Jones Sustainability World Index and Asia Pacific Index (DJSI World and Asia Pacific), Global Real Estate Sustainability Benchmark (GRESB) and FTSE4Good Index Series.
Understanding our Environmental, Health and Safety (EHS) impacts is an important part of CapitaLand’s business operations and delivering value to our stakeholders. CapitaLand aims to future-proof its developments and bring greater safety and supply chain standards by addressing the risks of climate change, EHS risks and opportunities right from the design stage through the implementation of its CapitaLand Sustainable Building Guidelines (SBG). The SBG is an in-house guide to ensure environmental, health and safety considerations are factored in at all stages of a project, from feasibility, design, procurement, construction, operation to redevelopment. CapitaLand 2030 Sustainability Master Plan targets are also embedded in the SBG through the Environment, Health and Safety Impact Assessment (EHS IA) to guide the businesses to consider EHS risks and opportunities upfront and identify mitigation measures earlier.
We seek to incorporate environmental sustainability in every stage of a project. We track our environmental performance against the material issues of climate change, energy, water, waste and biodiversity. We are committed to:
- Identify and respond to climate change risks through future-proofing our developments against changing climatic conditions from the design stage and improving the operational efficiency of our properties
- Reduce energy consumption and encourage renewable energy sources
- Reduce water consumption and encourage the use of treated/recycled water and rainwater harvesting
- Manage waste through improving construction efficiency and encouraging recycling
- Manage biodiversity to contribute positively to the natural environment, through creating, enhancing and conserving habitats for flora and fauna, both on-site and immediate surroundings, and not operating in protected areas or areas of high biodiversity value
Occupational health and safety (OHS) of our employees, tenants, contractors, suppliers and customers is of utmost importance to us. We seek to implement effective OHS management to achieve zero harm.
CapitaLand Environmental, Health and Safety Policy
As an international corporate social citizen, CapitaLand has in place an Environmental, Health and Safety (EHS) Management System to support our commitment to protect the environment and uphold the occupational health and safety of everyone in the workplace. We will:
- Carry out exemplary EHS practices to minimise pollution, as well as health and safety risks
- Seek continual improvement and development on its EHS performance
- Comply with pertinent government legislations and other requirements
- Implement the CapitaLand Sustainable Building Guidelines and Occupational Health and Safety programmes
We make this policy readily available to all employees, suppliers, service providers and partners.
(*This includes implementing an EHS Management System)
At CapitaLand, we believe that practicing good corporate governance is central to the health and stability of our financial markets and the economy.
We adhere to an ethics and code of business conduct policy which deals with issues such as confidentiality, conduct and work discipline, corporate gifts and concessionary offers. We do not make donations to politicians nor political parties.
Clear policies and guidelines on how to handle workplace harassment and grievances are in place, while our zero-tolerance policy against fraud, bribery and corruption (FBC) extends to our business dealings with third-party service providers and vendors. CapitaLand also put in place policies and procedures such as Group Procurement, Anti-Money Laundering and Countering Terrorism Financing, Supply Chain Code of Conduct, Vendor Controlled List, Financial Authority Limits, Corporate Gifts and Concessionary Offers policies, etc. together with FBC Risk Management Policy implemented to help detect and prevent FBC risks.
CapitaLand Tax Strategy
CapitaLand has put in place Tax Strategy documents to set out CapitaLand Investment approach to its management of its global tax affairs. Click here to find out more about the Group Tax Strategy and here for UK Tax Strategy.
CapitaLand Investment Global Sustainability Report
CapitaLand is one of the first company in Singapore to voluntarily publish its Global Sustainability Report annually according to the Global Reporting Initiatives (GRI) Guidelines in 2009. The reports are benchmarked against international standards and frameworks, and are externally validated to AA1000 Assurance Standard.
Following the restructuring of CapitaLand Limited into two distinct business entities – CapitaLand Investment (CLI), the listed real estate investment management business and CapitaLand Development, the privatised property development arm, CLI continues to publish the Global Sustainability Report building on CapitaLand Limited’s sustainability efforts.
The report covers CLI’s international portfolio and global workforce, including its six listed real estate investment trusts (REITs) and business trusts – CapitaLand Integrated Commercial Trust, Ascendas Real Estate Investment Trust, Ascott Residence Trust, CapitaLand China Trust, Ascendas India Trust and CapitaLand Malaysia Mall Trust.
Access CapitaLand Investment Global Sustainability Report 2022 below, where we provide comprehensive disclosure of our sustainability performance and management approaches.