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 Sustainability Master Plan
Since we started our sustainability journey in 2000, we have built a firm foundation that has made our business resilient to the sustainability and economic challenges faced by the real estate industry.
With CapitaLand’s growing global presence, we believe we can make a larger positive impact to the communities we operate in. With the foundation we have built in the past 20 years, we aim to elevate our environmental, social and governance (ESG) efforts in the decade ahead with our 2030 Sustainability Master Plan: a strategic blueprint which outlines our ambitious goals and directs our sustainability efforts towards a common purpose.
CapitaLand aims to BUILD a resilient and resource efficient real estate portfolio, ENABLE thriving and future-adaptive communities, and ACCELERATE sustainability innovation and collaboration. As we continue to create long-term economic value for our stakeholders, our Master Plan will guide us to grow in a responsible manner and contribute to the environmental and social well-being of our communities.
Read more about the CapitaLand 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 ‘well-below 2°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 our inaugural ‘CapitaLand Sustainability X Challenge’ and pilot new technologies and solutions at our properties to enable us to meet our ambitious 2030 targets.
CapitaLand will issue challenge statements focused on three key areas: (i) low carbon transition; (ii) water conservation and resilience; and (iii) waste management and the circular economy.
The ‘CapitaLand Sustainability x Challenge’ will be open for submissions from 2 November 2020 to February 2021.
Visit our page to find out how you can take part in our 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 some of our 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) (Global Sector Leader, Diversified-Listed) and FTSE4Good Index Series.
Understanding our environmental impact is an important part of CapitaLand’s business operations and delivering value to our stakeholders.
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 & 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)
We are committed to promoting positive impact within the communities where we operate. This is why we implement universal design on CapitaLand’s properties - this means our properties are socially sustainable for minimal impact to communities, and flexible enough for change in the future.
Our people also play a key role in our integrated sustainability strategy. We focus on building human capital through providing equal opportunities for our employees’ continual learning and training to help them develop in their personal and professional capacities. We share the United Nations Global Compact’s (UNGC) commitment to deliver lasting benefits to people and communities and are a signatory to the UNGC's principles on Human Rights and Labour. As such, CapitaLand has in place a Social Charter which upholds and respect these principles to protect individual rights with a zero tolerance stance towards child/forced labour and unlawful discrimination.
Occupational health and safety policies are also maintained to ensure the workplace health and safety of staff, the safety of residents, shoppers, tenants, the public and our supply chain at our properties.
As part of social responsibility, our staff are also encouraged to give back. This could be volunteering through the CapitaLand Hope Foundation (CHF), our philanthropic arm, or via other community engagement activities.
CapitaLand Supply Chain Code of Conduct
CapitaLand is a signatory to the United Nations Global Compact (UNGC), and the Group is committed to the ten principles of UNGC by incorporating it into its business strategies, policies and company cultures.
CapitaLand has developed a Supply Chain Code of Conduct which is primarily based on the legal compliance of local laws pertaining to labour, environment, business integrity and ethics, health and safety and establishes expectations on supplier business conduct as it relates to how goods and services are provided to CapitaLand and CapitaLand’s clients. This has been rolled out since end 2017.
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 also in place, while our zero-tolerance policy against bribery and corruption extends to our business dealings with third-party service providers and vendors.
CapitaLand’s Global Sustainability Report
CapitaLand is the first company in Singapore to voluntarily publish its Global Sustainability Report annually according to the Global Reporting Initiatives (GRI) Guidelines in 2009. Our reports cover CapitaLand’s international portfolio and global workforce of more than 13,900 employees, including its listed real estate investment trusts CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust. With the completion of the integration between CapitaLand and Ascendas-Singbridge, the CapitaLand Global Sustainability Report 2019 also included the latter’s data and that of Ascendas Real Estate Investment Trust and Ascendas India Trust from 1 July 2019 onwards. Our latest reports are benchmarked against international standards and frameworks, and are externally validated to AA1000 Assurance Standard.
Access our sustainability reports below, where we provide comprehensive disclosure of our sustainability performance and management approaches.