CapitaLand Group Publishes Integrated Global Sustainability Report 2017

May 31, 2018 4:00 AM ET
Article

CapitaLand published its Integrated Global Sustainability Report: Propelling Our Sustainable Growth Journey. The report reaffirms CapitaLand’s commitment to integrating sustainability to build a resilient and sustainable real estate of the future. It covers CapitaLand’s international portfolio and global workforce of more than 12,500 employees, including its listed real estate investment trusts CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.

CapitaLand recognises that the long-term success of its business is closely intertwined with the health and prosperity of the communities it operates in. CapitaLand shares the United Nations Global Compact’s (UNGC) commitment to deliver lasting benefits to people and communities. The report referenced the United Nations Sustainable Development Goals (UN SDG). CapitaLand is taking steps to integrate the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) in its reporting. At end 2017, the CapitaLand Supply Chain Code of Conduct was rolled out progressively to influence its supply chain to operate responsibly in the areas of anti-corruption, human rights, health and safety, as well as environmental management. Other 2017 highlights include:

  • 29.4% reduction in carbon emissions intensity since 2008, exceeding its 2020 target of 23%
  • S$140 million in utilities cost avoidance since 2009, arising from 23.4% and 24.1% energy and water reduction (per m2 from base year 2008) respectively
  • 4,300 tonnes of recyclable waste diverted from landfills, including 22 tonnes of e-waste
  • About 35% of senior management positions filled by women
  • Over 59 training hours per staff

This is CapitaLand’s ninth sustainability report. It continues to be aligned to the Global Reporting Initiative Standards, and applied the Guiding Principles of the International Integrated Reporting (IIRC) Framework as well as ISO 26000:2010 Guidance on Social Responsibility. The whole report is externally assured to AA1000 Assurance Standard, and all figures, statements and claims related to sustainability during FY2017 and the accuracy and reliability of its statements and figures are validated. The assurance engagement was conducted in accordance with the International Standard on Assurance Engagements 3000 (ISAE 3000). The full report is available at https://www.capitaland.com/international/en/about-capitaland/sustainability/sustainability-reports.html

About CapitaLand Limited (www.capitaland.com)  

CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it is an owner and manager of a global portfolio worth S$91 billion as at 31 March 2018, comprising integrated developments, shopping malls, serviced residences, offices, homes, real estate investment trusts (REITs) and funds. Present across more than 150 cities in over 30 countries, the Group focuses on Singapore and China as core markets, while it continues to expand in markets such as Vietnam and Indonesia.

CapitaLand’s competitive advantage is its significant asset base and extensive market network. Coupled with extensive design, development and operational capabilities, the Group develops and manages high-quality real estate products and services. It also has one of the largest investment management businesses in Asia and a stable of five REITs listed in Singapore and Malaysia – CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.

CapitaLand remains the only Singapore company to receive the “Silver Class” distinction in real estate, in RobecoSAM’s The Sustainability Yearbook. It remains listed in the Dow Jones Sustainability World and Asia Pacific Index, FTSE4Good Index Series, MSCI Global Sustainability Indices, Euronext VigeoEiris Indices World 120, and STOXX® Global ESG Leaders Indices.

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Read the Report