CapitaLand Investment commits to Net Zero by 2050

SINGAPORE - May 30, 2022 - PRLog -- CapitaLand Investment Limited (CLI) has elevated its commitment to sustainability by aiming to achieve Net Zero emissions by 2050.  To realise this commitment, CLI aims to reduce its absolute scope 1 and 2 greenhouse gas emissions by 46%, up from 28%, by 2030 from a 2019 base year.  These new targets to reduce greenhouse gas emissions are validated by the Science Based Targets initiative (SBTi) to limit global warming to 1.5°C, in accordance with the goals of the Paris Agreement. CapitaLand is one of the few Singapore-based companies to have SBTi-approved carbon targets aligned to the 1.5°C scenario for its extensive global operations.

The new Net Zero commitment builds on existing sustainability targets outlined in CapitaLand's 2030 Sustainability Master Plan unveiled in October 2020.  This includes accelerating the transition to a low-carbon business, improving water conservation and resilience, and enabling a circular economy.

CLI announced its Net Zero commitment today in tandem with the publication of its 13th Global Sustainability Report which covers its 2021 sustainability performance.  CLI is on track to attain its Net Zero commitment as well as its 2030 Sustainability Master Plan targets.

Mr Lee Chee Koon, Group Chief Executive Officer, CLI, said: "Sustainability is at the core of everything we do, and science-based climate action is imperative. We are cognisant of our responsibility to not only contribute to Singapore's Net Zero carbon goals, but also transition to a low-carbon business in the communities we operate in across the world. Achieving our new ambition to attain Net Zero by 2050 requires a myriad of initiatives and we will continue to regularly report our sustainability performance and impact. CapitaLand's sustainability journey started over 20 years ago and today, we are well-recognised as a global sustainability leader in the real estate industry.  We appreciate the trust and support from our stakeholders as we continue to do good and do right, as we do well."

For full release:  https://bit.ly/CLINetZeroGSREm