CapitaLand Investment’s refreshed 2030 sustainability master plan integrates 2050 net zero carbon
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Refreshing its sustainability master plan (SMP) to strengthen its environmental, social and governance (ESG) pillars, CapitaLand Investment (CLI) 9CI -0.3% has included a target to achieve net zero carbon emissions by 2050 and reduce scope 1 and 2 carbon emissions by 46% by 2030. As part of the new plan, a higher target for the use of renewable energy has been set from 35% to 45% by 2030, as well as a commitment to reduce waste intensity in day-to-day operations by 20%.
Vinamra Srivastava, CLI’s Chief Sustainability Officer, shared, “Amidst the multitude of global crises, maintaining focus on our pursuit of sustainability in our strategy and business is the way forward. We have doubled down on our sustainability efforts in the refreshed 2030 SMP, aligning it with our net zero commitment, with targets validated by Science Based Targets initiative (SBTi); and have also expanded our social and governance focus with new targets.”
CLI is redoubling its efforts to reduce scope 3 emissions by forming partnerships with its supply chain vendors, engaging tenants to increase adoption of green leases at its properties globally, and working with them to improve sustainability performance. Additionally, the company is making progress on its sustainability journey by sourcing innovative solutions, intensifying the use of renewable energy, and expanding its network of capital partners for sustainable financing.
New social targets outlined in the SMP include those focused on social impact, human capital development and employee wellness, as well as a target to have at least 40% female representation in senior management.
At 10.27am, shares in CLI are trading 1 cent lower or 0.3% down at $3.30.
The focus on sustainability is paramount for CapitaLand Investment as it aims to achieve its environmental, social and governance goals. A global ecosystem approach along with multiple stakeholder collaborations is being implemented to reach 2030 targets, and the company is continuing to push boundaries in its efforts. This article first appeared on .
