CapitaLand launches global open call for sustainability innovation

Winners stand to receive project funding and the opportunity to pilot and implement the innovations at CapitaLand's global network of properties
SINGAPORE - Nov. 10, 2020 - PRLog -- CapitaLand has launched a global open call for sustainability innovation in its inaugural CapitaLand Sustainability X Challenge (CSXC) to accelerate sustainability innovation and collaboration within the built environment. This is the first sustainability challenge by a Singapore real estate company on a global scale. Companies across the world with suitable sustainability innovations can participate in the CSXC from now till February 2021.

Two winning solutions, the 'High Impact Award' and the 'Most Innovative Award', will be announced during the grand finale in May 2021. They will each receive S$50,000 to fund their projects, mentoring by a CapitaLand business leader and the exclusive opportunity to pilot, test and implement innovations at select CapitaLand properties in over 220 cities and 30 countries. The projects will be assessed based on the impact, potential outcomes and depth of innovation. They should also be scalable and effectively deployed across the geographies that CapitaLand operates in and its different asset types. Other shortlisted participants will stand a chance to trial their innovations at CapitaLand's global network of properties.

Ms Lynette Leong, Chief Sustainability Officer, CapitaLand Group said: "To accelerate CapitaLand's sustainability efforts and meet our ambitious targets outlined in CapitaLand's 2030 Sustainability Master Plan, innovation and collaboration with like-minded partners are essential. Through the CXSC, we are inviting individuals and companies worldwide to contribute their impactful and scalable innovations. We are also discussing with local and international organisations on opportunities to partner us for the challenge. We look forward to working with our partners and the participants to bring great ideas to life and to co-create a more sustainable built environment across the global communities we operate in."

"The seven challenge statements in the CSXC reflect the key themes and goals in CapitaLand's 2030 Sustainability Master Plan. In addition to tackling the challenges of lowering carbon emissions and water conservation as well as promoting circularity in our waste management practices, threats such as COVID-19 and the haze have sharpened our focus on further improving the health and safety of our building occupants and customers, beginning with elevating the indoor air quality at our properties. This will reinforce our leading position as a sustainable global real estate company," added Ms Leong.

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Industry:Real Estate
Location:Singapore - Singapore - Singapore
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