Capitaland

RATING

SECTOR

Real Estate Investment & Services

WEBSITE

CONTACT

168 Robinson Road #30-01 

Capital Tower Singapore 068912

T: (65) 6713 2888

F: (65) 6713 2999

E: media@capitaland.com

STOCK EXCHANGE

LISTING

  • Asia Pacific Index
  • Dow Jones Sustainability World Index
  • SGX Sustainability Indices
  • MSCI Global Sustainability Indexes
  • Euronext VigeoEiris Indices World 120
  • FTSE4Good Index Series
  • STOXX Global ESG Leaders Indices

EMPLOYEES

8,520

CHIEF SUSTAINABILITY OFFICER

Lynette Leong

AWARDS

  • Global Real Estate Sustainability Benchmark
  • Securities Investors Association (Singapore) 18th Investors’ Choice Awards
  • Singapore Corporate Awards 2017
  • Sustainability Yearbook
  • World Finance Corporate Governance Awards 2017

CONTENT SOURCE

FURTHER READING

CapitaLand

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

CapitaLand has one of the largest real estate investment management businesses globally. It manages eight listed real estate investment trusts (REITs) and business trusts as well as over 20 private funds. Since it pioneered REITs in Singapore with the listing of CapitaLand Mall Trust in 2002, CapitaLand’s REITs and business trusts have expanded to include Ascendas Reit, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust, Ascendas India Trust, CapitaLand Malaysia Mall Trust and Ascendas Hospitality Trust.  

The company’s vision is “to be a leading global enterprise that enriches people and communities through high-quality real estate products and services.”

Missions

Customers: They create great customer value and experiences through high-quality products and services.

People: They develop high-performing people and teams through rewarding opportunities.

Investors: They deliver sustainable shareholder returns and build a strong global network of capital partners.

Communities: They care for and contribute to the economic, environmental and social development of communities.

Their core values are respect, integrity, creativity, excellence.

Company Sustainable Activity

CapitaLand upholds high standards of corporate governance and transparency to safeguard shareholders’ interests. It has in place an adequate and effective Enterprise Risk Management framework to enhance its business resilience and agility. CapitaLand’s proactive approach towards environmental, health and safety (EHS) management, which incorporates universal design into its developments, ensures that its properties are future-proof and sustainable. Policies and guidelines are put in place to ensure the efficient use of energy, water and other resources.

They are also a signatory to the United Nations Global Compact, reflecting their commitment to contributing to a sustainable global economy for present and future generations. Since end 2017, they progressively rolled out CapitaLand Supply Chain Code of Conduct to influence their supply chain to operate responsibly in the areas of anti-corruption, human rights, health and safety, as well as environmental management. They have pledged their support for Task Force on Climate-related Financial Disclosures (TCFD) recommendations and have voluntarily disclosed some of their climate-related financial disclosures in four key areas as recommended by the TCFD.

CapitaLand’s integrated human capital strategy aims to recruit, develop and motivate employees to drive growth for the Group. Community development is an important component of CapitaLand’s commitment to sustainability. It focuses on providing support to enhance the lives of underprivileged children through corporate philanthropy and employee volunteerism.

CapitaLand was one of the first companies in Singapore to voluntarily publish its annual Sustainability Report and externally assure the entire report. Benchmarking against an international standard and framework that is externally validated helps CapitaLand to overcome the challenges in sustainability reporting that arise from its diversified asset types and geographical presence.

Certificates

According to the company,

“CapitaLand is positioned to face such challenges as it has in place a target to achieve green
certification of its existing properties in its global portfolio by 2030. It is ISO 14001 certified for
its EMS in 15 countries.

Total of 31 green building ratings achieved for new development projects and existing buildings, including LEED (Leadership in Energy and Environmental Design), Green Mark and Green Building Evaluation Label”

Sustainable Development Goals

How company covers SDGs

According to the company

“The Guiding Principles of the International Integrated Reporting Council (IIRC) Framework were referenced in this report, and the material ESG issues are grouped into six Capitals – Environmental, Manufactured, Human, Social and Relationship, Organisational, and Financial. This is also mapped against some of CapitaLand’s key efforts and programmes in relation to the 13 key UN SDGs material to real estate.

Some KPIs

SDG 3,6,7,9,11,13,15: 

  • $170m in utilities cost avoidance since 2009, arising from 17.6% and 20.9% energy and water reduction respectively
  • 29.8% reduction in carbon emissions intensity since 2008
  • Two main contractors both ISO 14001 and OHSAS 18001 certified. 

SDG 1,2,4

  • Invested more than $2.2 million through CHF to benefit underprivileged children and vulnerable elderly, and over $O.5 million in other community development initiatives
  • Launched $2 million CapitaLand Silver Empowerment Fund”

Progress

Key performance of 2019, according to the company: 

Environmental Management System (EMS) 

  • Retained ISO 14001 certification in 15 countries covering all markets with investment properties managed by CapitaLand
  • EMS is audited annually, providing assurance to top management and external investors on the company’s compliance and alignment to best practices

Supply Chain Management 

  • 18 main contractors appointed in 2019 are ISO 14001 certified

Resource Consumption Management 

  • Total of 31 green building ratings achieved for new development projects and existing buildings, including LEED (Leadership in Energy and Environmental Design), Green Mark and Green Building Evaluation Label
  • Estimated energy and water reduction exceeding S$46 million (over 180,000 MWh/ year and 1.6 million m3 /year) from completed projects and projects under construction that are green rated6 , while estimated carbon emission reduction is about 97 million kgCO2 e/year
  • Six projects under development have been designed to harvest renewable energy on-site
  • 97% of CapitaLand’s existing offices, malls, integrated developments and serviced residences in Singapore (by m2 ) have achieved a green rating
  • 58% of CapitaLand’s global portfolio (by m2 ) has achieved a green rating

Operational Efficiency 

  • 2.2% and 0.7% reduction in energy and water consumption per m2  (vs. 2018 like-for-like set of properties
  • Reduced 2.1% carbon emissions intensity (vs. 2018 like-for-like set of properties
  • Achieved 29.4% carbon emissions reduction, 19.2% energy reduction and 22.4% water reduction per m2  (using 2008 as the base year
  • Achieved cost avoidance in excess of S$208 million from utilities savings since 2009 for its operational properties.
  • Energy and water saving initiatives implemented in 2019 may lead to an estimated reduction of 9,200 MWh (5,600 tonnes CO2 e) and 80,000 m3 of potable water per year

Stakeholder Management 

  • Over 260 CapitaLand properties participated in the WWF’s Earth Hour, pledging to go beyond the hour with year-long sustainable initiatives”

They clearly stated their targets regarding the SDGs and communicated on their progress. It is one of the first companies Singapore to voluntarily publish its annual sustainability report and eternally assure it. The company is also very transparent. Their commitment towards sustainability gives them the B Rating.

Videos

Share this Post