CapitaLand has unveiled its first Sustainability Master Plan that articulates the Group’s sustainability targets, strategies and plans for the next decade till 2030. The Master Plan focuses on three key themes to drive CapitaLand’s sustainability efforts in the environment, social and governance (ESG) pillars, enabling the Group to create a larger positive impact for the environment and society:
Build portfolio resilience and resource efficiency
Enable thriving and future-adaptive communities
Accelerate sustainability innovation and collaboration
Lee Chee Koon, CapitaLand’s Group Chief Executive Officer said, “At CapitaLand, sustainability is at the core of what we do. It is embedded into every stage of our real estate life cycle, from investment to development and operations. CapitaLand’s Sustainability Master Plan will be our strategic blueprint, focusing on areas where we can create the greatest positive impact and pursue profitable business growth in a responsible manner. The Master Plan will guide us to galvanise efforts across our global network of properties, enabling CapitaLand to make a bigger contribution to the environment and the communities where we operate, and position CapitaLand as a progressive employer of choice.”
CapitaLand’s 2030 Sustainability Master Plan focuses on three themes to drive the Group’s sustainability efforts under the ESG pillars, which are anchored by CapitaLand’s strong governance and sustainable financial performance. As CapitaLand grows in a responsible manner, it can generate six capitals[1]:
Manufactured Capital, Environmental Capital, Human Capital, Social & Relationship Capital, Financial Capital and Organisational Capital. The multiple capitals approach provides a fuller picture of the ways CapitaLand creates value for multiple stakeholders. CapitaLand will develop a new metric, ‘Return on Sustainability’, to quantify its sustainability outcomes and continue to benchmark its performance against global standards and indices to track its progress. This metric will incorporate factors such as operational efficiencies achieved, utilities cost avoidance and interest rate savings from its sustainability-linked loans.
