Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Management
• Water Stewardship
• Waste Management
• Biodiversity
• Occupational Health and Safety
• Human Capital
• Community Development
• Corporate Governance
• Supply Chain Management

Environmental Achievements

• Reduced carbon emissions intensity by 22.6% since 2008
• Reduced energy consumption per m2 by 18.4% since 2008
• Reduced water consumption per m2 by 23.3% since 2008
• Achieved cost avoidance in excess of S$93 million from utilities savings since 2009
• More than 3,800 tonnes of recyclable waste diverted from landfills
• Over 130 trees conserved at 5 projects under development
• 127 green ratings achieved for new development projects and existing buildings

Social Achievements

• Launched CAPITASTAR Version 2.0 in China, with 2.2 million members
• Invested in Tujia.com, China’s largest online apartment sharing platform
• 1,600 staff contributed close to 17,300 volunteer hours
• Received Singapore’s inaugural President’s Award for Volunteerism and Philanthropy (Corporate)
• Average training hours exceeded 55 hours per staff
• Four developments achieved Universal Design Mark Platinum

Governance Achievements

• Ranked joint-fourth out of 639 companies in the Governance and Transparency Index 2015 in Singapore
• Inducted into the Hall of Fame (Most Transparent Company) at the SIAS Investors’ Choice Awards 2015
• Two Business Malpractice Incidents (BMI) cases substantiated and appropriate actions taken

Climate Goals & Targets

Environmental Challenges

• Climate change risks (rising sea levels, violent storms, heat waves, floods, freshwater depletion)
• Demographic change (ageing populations)
• Industry transformation (technological advancements, changing consumer spending and work culture)
• Supply chain issues (data not readily available or consolidable in certain countries and properties)

Mitigation Strategies

• Target to achieve green certification of existing properties by 2030
• ISO 14001 certified environmental management system in 15 countries
• Investment in innovative green features (over S$6 million)
• Social integration designs in Sustainable Buildings Guidelines
• Partnership with Collective Works to transform Capital Tower into a coworking space
• Redevelopment of Funan DigitaLife Mall into an experiential creative centre
• Investment in Tujia.com to integrate offline and online resources
• Waste management strategies as part of EMS

Supply Chain Management

Supplier Audits: 10 main contractors appointed in 2015 (9 ISO 14001 and OHSAS 18001 certified)

Responsible Procurement

• ISO 14001 and OHSAS 18001 certification for main contractors
• EHS legal compliance audits for contractors
• Clause in main contractor specifications to ensure no child labour and forced labour

Climate-Related Risks & Opportunities

Physical Risks

• Rising sea levels
• Violent storms
• Heat waves
• Floods
• Freshwater depletion

Transition Risks

• Stringent regulations
• Increased stakeholder expectations

Opportunities

• Green building certifications
• Innovation in managing environmental footprint

Reporting Standards

Frameworks Used: GRI G4 (Core option), IIRC Framework, ISO 26000

Certifications: ISO 14001, OHSAS 18001

Third-party Assurance: Ere-S Pte Ltd (moderate assurance)

Sustainable Products & Innovation

• Green buildings
• Electric vehicle charging stations

Awards & Recognition

• Global 100 Most Sustainable Corporations in the World
• The Sustainability Yearbook
• Dow Jones Sustainability World Index and Asia Pacific Index
• Global Real Estate Sustainability Benchmark (Regional Sector Leader for Asia, Diversified)
• FTSE4Good Index Series
• MSCI Global Sustainability Indexes
• STOXX® Global ESG Leaders Indices
• Channel NewsAsia Sustainability Ranking
• Singapore’s inaugural President’s Award for Volunteerism and Philanthropy (Corporate)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduction in energy, water and carbon emission intensities of 35.7%, 42.9% and 52.8% respectively in FY 2020, meeting CapitaLand Group’s FY 2020 targets of 20%, 20% and 23% respectively.
• 96% of CICT’s assets are minimally Green Mark certified or LEED (Leadership in Energy and Environment Design) Gold.
• Converted S$200.0 million existing facilities to first sustainability-linked loan.
• Converted three existing bank borrowings totaling S$600.0 million to green loans for Asia Square Tower 2.

Social Achievements

• Organised and participated in several physical and virtual community programmes, including #BYOBClean exercise and Gifts of Joy – The Essential Edition.
• Raised S$58,665 for 388 families of children from Rainbow Centre through Gifts of Joy – The Essentials Edition.

Governance Achievements

• Both CMT and CCT achieved the highest 5-star rating in the Global Real Estate Sustainability Benchmark (GRESB) 2020 and have also scored ‘A’ for public disclosure.
• CICT was ranked first and second (under CapitaLand Commercial Trust (CCT) and CapitaLand Mall Trust (CMT) respectively) in the REIT and Business Trust category on the Singapore Governance and Transparency Index.
• CICT was awarded Megatrend Deal of the Year – Property by FinanceAsia Achievement Awards 2020.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic negatively impacted leasing activities, real estate leasing and investment activities, and economic activities.
• Leasing activities in the retail and office market environment were disrupted.
• Real estate leasing and investment activities in Frankfurt, Germany experienced a slowdown due to the pandemic.
• Singapore’s economy contracted by 5.4% in 2020 due to COVID-19.
• Market rentals were under pressure in the short term with the ongoing pandemic and challenging business operating environment.

Mitigation Strategies

• Provided rental relief of S$128.4 million to tenants in FY 2020.
• Increased frequency of cleaning, used innovative solutions to disinfect high contact points, and enhanced safety measures at properties.
• Installed protective acrylic screens in retail concierge counters and reception areas of most office buildings.
• Implemented CapitaStar@Work mobile application for office community to roster staff.
• Leveraged CapitaLand’s CapitaStar platform, eCapitaMall, and Capita3Eats to create a strong ecosystem.
• Took prudent steps to manage costs and conserve cash through deferment of non-essential capital expenditure works and tightening of operating expenses.

Supply Chain Management

Responsible Procurement

• CapitaLand’s Supply Chain Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Rising sea levels
• Violent storms
• Long intense heat waves
• Flash floods
• Fresh water depletion

Transition Risks

• Potentially more stringent regulations
• Increased expectations from stakeholders

Reporting Standards

Frameworks Used: IIRC Framework, GRI Standards: Core option

Sustainable Products & Innovation

• Anti-microbial coating
• Air purification

Awards & Recognition

• FinanceAsia 2020 Megatrend Deal of the Year – Property
• GRESB 5-star rating
• Singapore Governance and Transparency Index (SGTI) Ranked 1st (CCT) and 2nd (CMT)
• Singapore Good Design Mark 2020 Award for Experience Design

Environmental Metrics

ESG Focus Areas

• Low Carbon Transition
• Water Conservation and Resilience
• Waste Management and Circular Economy
• Dynamic Human Capital
• Healthy and Safe Buildings
• Proactive Customer Relationship Management
• Robust Supply Chain Management
• Sustainable Operational Excellence
• Sustainable Finance
• Sustainability Innovation and Technology

Environmental Achievements

• 54% reduction in carbon emissions intensity since 2008
• 43% reduction in energy consumption intensity since 2008
• 52% reduction in water consumption intensity since 2008
• 48% of global portfolio achieved green building certification
• 8.1% recycling rate in day-to-day operations
• 28,960 tonnes of carbon emissions mitigated through renewable energy

Social Achievements

• Over 410,000 training hours for staff
• 88% of staff attended fraud, bribery, and corruption training
• 100% of contractors and vendors committed to abide by CapitaLand’s Supply Chain Code of Conduct
• 40% of senior management were women
• Zero contractor work-related fatality and permanent disability

Governance Achievements

• Implemented an internal carbon price for new investments and acquisitions
• Secured S$7 billion through sustainable financing
• Launched CapitaLand 2030 Sustainability Master Plan
• Science-based targets approved by SBTi

Climate Goals & Targets

Environmental Challenges

• Limited rooftop spaces for optimal renewable energy generation
• Limited green power availability in various markets
• Data limitations in certain countries and properties for waste management
• Supply chain disruptions due to COVID-19
• Climate change risks (physical and transition)

Mitigation Strategies

• Exploring renewable energy options, including green power purchase agreements
• Implementing energy conservation measures and on-site renewables
• Improving waste data tracking and implementing waste reduction measures
• Diversifying supply chain, prioritizing local sources
• Implementing EHSIA for new investments, strengthening climate resilience of portfolio through EHSMS and SBG

Supply Chain Management

Supplier Audits: 100% contractors & vendors committed to abide by CapitaLand’s Supply Chain Code of Conduct

Responsible Procurement

• CapitaLand Supply Chain Code of Conduct
• CLI Procurement Policy
• Preference given to ISO 14001 and ISO 45001 certified companies

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (floods, storms)
• Rising temperatures
• Rising sea levels
• Freshwater depletion

Transition Risks

• Policy and legal changes
• Carbon pricing
• Market and technology shifts

Opportunities

• Development of energy-efficient products
• Investment in renewable energy projects

Reporting Standards

Frameworks Used: GRI Standards: Core option, International Integrated Reporting Framework, ISO 26000:2010, UN Sustainable Development Goals, SASB real estate sector-specific standards, UN Global Compact, Greenhouse Gas (GHG) Protocol, TCFD

Certifications: ISO 14001, ISO 45001, EDGE

Third-party Assurance: Ere-S Pte Ltd

UN Sustainable Development Goals

• 3, 7, 8, 9, 11, 12, 13, 17

Aligned with CapitaLand’s 2030 Sustainability Master Plan targets

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Global 100 Most Sustainable Corporations in the World
• Dow Jones Sustainability World Index
• Global Sector Leader in GRESB

Environmental Metrics

ESG Focus Areas

• Low Carbon Transition
• Water Conservation and Resilience
• Waste Management and Circular Economy
• Social Impact
• Human Capital Development
• Health and Wellness
• Customer and Supplier Partnerships
• Corporate Governance
• Transparent Reporting
• ESG Risk Management

Environmental Achievements

• 13% reduction in Scope 1 and 2 carbon emissions intensity (per m2 from 2019 baseline)
• 13% and 24% reduction in energy and water intensity (per m2 from 2019 baseline) respectively
• Achieved green building certifications for 60% of CLI's portfolio
• Published CLI Climate Resilience Report with climate risk assessment and scenario analysis for CLI's portfolio.

Social Achievements

• More than 38% of senior management were women.
• 84% staff engagement score, with 93% survey participation.
• Close to 37 average training hours per staff.
• More than 92% of staff attended at least one ESG training.
• Zero staff work-related fatality and permanent disability incidents.
• CLI contributed more than S$3.1 million to CapitaLand Hope Foundation (CHF) and CHF (India).

Governance Achievements

• 20% of the Board were women
• Close to 91% of staff attended Fraud, Bribery & Corruption and Whistle-blowing training

Climate Goals & Targets

Environmental Challenges

• Challenges in the voluntary carbon markets that result primarily from credits integrity, stricter ESG disclosure and regulatory requirement across different geographies.
• Challenges around financial and technical feasibility for some pilots of sustainable solutions.
• Challenges in expanding renewable energy deployment due to regulatory, geographical and commercial restrictions.
• Continued high interest rates and inflation, which makes it difficult to deploy green capital expenditure.
• Data limitations or exclusions in waste management data collection across various countries and properties.

Mitigation Strategies

• Inventoried CLI’s Scope 3 emissions footprint and reviewed its last-mile carbon emissions strategy on the potential use of renewable energy certificates and carbon credits where relevant and feasible.
• Published its first Climate Resilience Report, which included a comprehensive climate scenario analysis.
• Accelerated innovation drive by collaborating with tenants in the CapitaLand Sustainability X Challenge (CSXC).
• Secured over S$4.5 billion in sustainable financing in 2023.
• Strengthened supply chain management by collaborating with a platform provider to deploy ESG-related capability-building programmes for supply chains with below-average ESG scores.
• Continued to expand its tracking of waste data and implement measures to reduce waste generation.

Supply Chain Management

Supplier Audits: Close to 500 critical suppliers screened for ESG performance in 2023.

Responsible Procurement

• CLI Procurement Policy
• CLI Supply Chain Code of Conduct
• Preference for ISO 14001 and ISO 45001 certified suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Rising temperatures
• Fluvial and coastal flooding

Transition Risks

• Changing regulations
• External expectations towards a low-carbon economy
• Market shifts

Opportunities

• Development of energy-efficient products and services
• Renewable energy integration
• Sustainable finance instruments

Reporting Standards

Frameworks Used: GRI, GRESB, TCFD, SASB, UNGC, UN PRI, ILPA Diversity in Action initiative

Certifications: ISO 14001, ISO 45001, WELL CORE Platinum

Third-party Assurance: Ere-S Pte Ltd

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 11 (Sustainable Cities and Communities)
• Goal 13 (Climate Action)

CLI's initiatives contribute to these goals through decarbonization efforts, sustainable building practices, and community engagement.

Sustainable Products & Innovation

• Low-carbon design principles
• High-efficiency mechanical and engineering equipment
• Smart building analytics
• Onsite and offsite renewable energy solutions
• Renewable Energy Certificates
• Carbon offsets

Awards & Recognition

• Global Listed Sector (Diversified) Leader
• Asia Listed Sector (Diversified) Leader
• Dow Jones Sustainability World Index constituent
• Dow Jones Sustainability APAC Index constituent
• MSCI ESG Leaders index constituent
• Various fire safety and safety-related awards in China
• NSCI Safety Award and iNFHRA awards in India
• bizSAFE Partner in Singapore