CapitaLand elevates sustainability innovation drive with funding of S$500,000 for global CSXC 2022

Winning innovations from its 2021 challenge and awarded projects from CapitaLand Innovation Fund will begin pilots at CapitaLand's properties this month
By: CapitaLand
SINGAPORE - Dec. 9, 2021 - PRLog -- CapitaLand Group (CapitaLand) has launched its second CapitaLand Sustainability X Challenge (CSXC), inviting startups from around the world to submit innovative solutions to make buildings more climate-resilient and resource-efficient.  Stepping up its global sustainability innovation drive, CapitaLand has increased its funding for the challenge by up to S$500,000 for the top 10 projects to be piloted at the Group's global network of properties.  CSXC 2022 is open for submissions online from now till 28 February 2022.

Launched in November 2020, the inaugural CSXC 2021 was the first sustainability-focused innovation challenge by a Singapore real estate company on a global scale.  The challenge received over 270 entries from more than 25 countries.  The two winners each received S$50,000 in funding for their pilots at CapitaLand properties which will begin this month.

Ms Lynette Leong, Chief Sustainability Officer, CapitaLand Investment, said: "As a sustainable global real estate leader, CapitaLand plays an active role in shaping a climate resilient built environment. Through CSXC 2022, we continue to take the lead in rallying the global community to catalyse new ideas to combat climate change, and we are increasing our support for emerging innovations that can help us achieve our ambitious 2030 CapitaLand Sustainability Master Plan targets. We are conducting a global call for scalable and impactful innovations in the real estate ecosystem, to ensure that we can be a first-mover in piloting and deploying them in our properties."

"Our inaugural CSXC received overwhelming responses and we look forward to piloting the winners' innovations at our properties this month. Since launching our CapitaLand Innovation Fund at CSXC 2021, we have also seen promising sustainability innovations from our staff and will begin piloting and deploying select projects this month as well. We welcome more startups to join our CSXC 2022 and collaborate with us to build a sustainable planet for future generations," added Ms Leong.

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Industry:Real Estate
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