CapitaLand Investment raises its reduction of greenhouse gas emissions by 46%

It aims to achieve net zero by 2050.

In a bid to achieve net zero by 2050, CapitaLand Investment Limited (CLI) aimed to cut its absolute scope 1 and 2 greenhouse gas emissions by 46%, which is up from its 28% by 2030.

In a statement, the CLI said their new goals are validated by the Science Based Targets initiative, to reduce global warming to 1.5°C, complying with the target of the Paris Agreement.

Their sustainability targets include speeding up the shift to low-carbon business, enhancing water conservation and resilience, and enabling a circular economy.

CLI’s carbon mitigation strategy towards net zero by 2050 is prioritised in the following order:

1. Reducing energy use and improving energy efficiencies through innovative building designs and engineering solutions. This includes optimising and upgrading key building systems to lower on-site electricity consumption. CLI will also source for groundbreaking sustainability technologies globally through the CSXC.
2. Intensifying its deployment and use of on-site renewable energy where feasible.
3. Purchasing green power in markets where legislation allows for it.
4. Using renewable energy certificates only as a last resort.