CapitaLand Science Based Targets
CapitaLand will transit to a low-carbon business that is aligned with climate science. In November 2020, we had our emissions reduction targets approved by the Science Based Targets initiative (SBTi) for a ‘well-below 2°C’ scenario. In May 2022, we elevated our scope 1 and 2 carbon emissions reduction targets which were validated by SBTi to be in line with a 1.5°C trajectory, currently the most ambitious designation available through the SBTi process.
CapitaLand's science based targets are:
- Reduce absolute greenhouse gases (GHG) of scope 1 and 2 by 46% by 2030 from a 2019 base year
- Reduce scope 3 GHG emissions from capital goods 22% per square meter by 2030 from a 2019 base year
For more information on science based targets, please visit the Science Based Targets initiative webpage.
CapitaLand's science based targets forms part of our 2030 Sustainability Master Plan which outlines the targets and pathways for our transition to a low-carbon business. We will integrate a low-carbon strategy into our real estate life cycle from investment, design and construction, and procurement to operations. It includes reducing the carbon footprint throughout the life cycle of our buildings through procuring building materials with lower embodied carbon and more efficient building design and construction. We have also set carbon emissions intensity reduction target of 78% by 2030 (from a 2008 base year) that is computed from the approved science-based target, to better track our day-to-day operations efficiency improvements. We also target to increase the proportion of total electricity consumption from renewable sources to 35% by 2030.
For more information on the CapitaLand Sustainability Master Plan, our framework and our targets, please visit here.
In 2020, CapitaLand's total scope 1 and 2 carbon emissions was 632,016 tonnes CO2e. Scope 1 accounts for about 3.7% and scope 2 accounts for about 96.3%. CapitaLand has achieved carbon emissions intensity reduction of 53.8% from a 2008 base year.
For more information on the CapitaLand's environmental performances, please visit here.