CLI reveals refreshed 2030 sustainability master plan

The plan includes SG’s 2050 net zero carbon emissions commitment.

After careful review, CapitaLand Investment (CLI) said it improved environmental, social, and governance (ESG) efforts with its refreshed 2030 Sustainability Master Plan (SMP).

“The refreshed 2030 SMP1 integrates CLI’s commitment to achieve Net Zero carbon emissions by 2050 and reduce scope 1 and 2 carbon emissions by 46%2 by 2030,” read the statement.

The amended CLI SMP increased the target for the use of renewable energy from 35% to 45% by 2030, and a new target to reduce the waste intensity in day-to-day operations by 20%.  

It also launched new social targets focused on social impact, human capital development, and employee wellness, including having at least 40% female representation in senior management, and grows focus on governance.  

“The refreshed 2030 SMP provides greater clarity on CLI’s pathways to achieve its sustainability goals,” read the statement.

Vinamra Srivastava, CLI’s chief sustainability officer, said: “amidst the multitude of global crises, maintaining focus on our pursuit of sustainability in our strategy and business is the way forward.”  

Srivastava said they also doubled down sustainability efforts in the refreshed 2030 SMP, aligning it with their Net Zero commitment, with targets validated by Science Based Targets initiative and expanded social and governance focus with new targets.