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 scope 1 and 2 greenhouse gas (GHG) emissions by 46% by 2030 from a 2019 base year
- Reduce scope 3 GHG emissions from capital goods by 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.
2021 Performance Against Targets
|of 46% target,||12.6% reduction achieved for scope 1 & 2 absolute GHG emissions|
CapitaLand Investment is responsible for the majority of CapitaLand Group's scope 1 and 2 emissions. In 2021, CapitaLand Investment's total scope 1 and 2 GHG emissions was 638,176 tonnes CO₂e.
For more information on CapitaLand Investment's environmental performance, please view our Global Sustainability Reports here.
|of 22% target,||48% reduction achieved for scope 3 (capital goods) GHG emissions intensity|
CapitaLand Group's scope 3 (capital goods) GHG emissions include embodied carbon emissions arising from material usage at 7 projects completed in 2021. Emissions intensity was 612 kgCO₂e per square meter.
CapitaLand's science based targets form 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.
For more information on the CapitaLand Sustainability Master Plan, our framework and our targets, please visit here.