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. The targets are in line with the goals of the Paris Agreement to keep global temperature rise well below 2°C in this century.
CapitaLand's science based targets are:
- Reduce absolute greenhouse gases (GHG) of scope 1 and 2 by 28% 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 set 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 about the CapitaLand Sustainability Master Plan, our framework and our targets, please visit here.