Climate Change Data

Mapletree Pan Asia Commercial Trust

Climate Impact & Sustainability Data (2023-04 to 2024-03)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:47,615 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:231.5 tCO2e/year
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:83,179 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:112,440 MWh/year
Water Consumption:934,863 m3/year
Waste Generated:14,632 tons/year
Carbon Intensity:0.05131 tCO2e/m2

ESG Focus Areas

  • Climate Change
  • Social Value
  • Ethical Standards
  • Building a Resilient Business

Environmental Achievements

  • Reduced over 2,872 tonnes of CO2e
  • Achieved 100% green certification across our portfolio
  • Generated 4,111 MWh of solar energy
  • 12.2% like-for-like energy intensity reduction from the FY19/20 baseline
  • 11.5% like-for-like water intensity reduction from the FY19/20 baseline
  • 13% of our portfolio (by lettable area) has implemented green leases

Social Achievements

  • Conducted an online seminar for tenants to promote efficient resource use
  • Organised tenant engagement events focused on water conservation
  • Conducted a staff engagement survey with a 99% response rate and 77% employee engagement
  • Provided approximately S$608,000 of venue and publicity sponsorships
  • Participated in seven corporate social responsibility events

Governance Achievements

  • Board reviewed existing 12 material sustainability matters and confirmed their continued relevance
  • Zero incidents of non-compliance with anti-corruption laws and regulations
  • Zero material incidents of non-compliance with relevant laws and regulations
  • ESG-related performance metrics linked to employee remuneration

Climate Goals & Targets

Long-term Goals:
  • Commit to achieving net zero emissions by 2050
Medium-term Goals:
  • Reduce energy intensity by 40% at MPACT’s properties from FY11/12 baseline by 2030
  • Increase total installed solar capacity at MPACT’s Singapore properties to 3,400kWp by 2030
  • Collect 120 tonnes of food waste per annum for recycling by the food composter at VivoCity by 2030
  • Double total food waste collected at Festival Walk for conversion to renewable energy by a waste treatment plant, from 115 tonnes per annum (as at end FY22/23) to 230 tonnes per annum by 2030
Short-term Goals:
  • Maintain landlord’s FY24/25 energy intensity from FY23/24’s baseline
  • Increase total installed solar capacity at MPACT’s properties to 3,900kWp by 2030
  • Gateway Plaza and The Pinnacle Gangnam to achieve green certifications

Environmental Challenges

  • Supply chain disruptions (implied)
  • Climate change impacts (physical and transition risks)
  • Data limitations for comprehensive Scope 3 emissions reporting
Mitigation Strategies
  • Developing a decarbonisation roadmap
  • Conducting climate scenario analysis
  • Expanding solar energy capacity
  • Implementing an environmental data management system
  • Extending carbon accounting to include Scope 3 emissions
  • Implementing green leasing program
  • Supplier screening based on environmental and social criteria
  • Developing a supplier code of conduct

Supply Chain Management

Supplier Audits: 48% of new suppliers screened on environmental standards; 60% on social standards

Responsible Procurement
  • Environmental and social criteria used in supplier selection
  • Declaration of non-conflict of interest required from suppliers
  • Developing a supplier code of conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Coastal flooding
  • Fluvial flooding
  • Cyclone
  • Wildfire
  • Extreme cold
  • Extreme heat
Transition Risks
  • Increased carbon price
  • Mandates and regulations on existing products and services
  • Changes in stakeholder expectations
  • Exposure to climate litigation
  • Environmental reporting obligations
Opportunities
  • Development of energy-efficient products and services
  • Expansion of renewable energy sources

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD

Certifications: ISO 14001, ISO 9001, ISO 45001

Third-party Assurance: Internal Audit

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • GRESB Public Disclosure “A” rating (fourth consecutive year)
  • Five-Star rating in the 2023 GRESB Real Estate Assessment