Keppel Land emits 22% less carbon from 2010

The reduction rate exceeded their 16% mark by 6%.

In its latest sustainability report, Keppel Land has announced that it has managed to reduce its carbon emission intensity by 22% in 2019 compared to its 2010 level, exceeding its 16% reduction target.

Following this, Keppel Land now aims to reduce carbon emission by 40% by 2030 from the 2010 level.
The new target, if achieved, is said to result in a cumulative reduction of almost 140,000 tonnes of carbon emission, yielding potential savings of $75m from 2010 to 2030. After 2030, the company expects a reduction of about 17,000 tonnes of carbon emissions per year which would save them $9m per annum.

To achieve this, Keppel Land will develop high-performance commercial buildings, improve energy efficiency of the existing buildings, and focus on renewable energy.

Tan Swee Yiow, CEO of Keppel Land, also stated that the company is committed to supporting the achievement of the UN Sustainable Development Goals (SDGs).

“We have adopted six of the SDGs which are most aligned with our business and material issues, and have established stretch targets and aligned our existing strategies with these SDGs”, he added.

The report also showed that the company has earned 84 BCA Green Mark Awards till date, 17 of which are platinum. The total estimated reduction in energy consumption from all the awarded projects will be over 220 million kWh/year when fully completed. This reduction is said to save the company $55m a year.

In the report, the company has identified itself as a sustainable landlord, encouraging tenants to adopt green practices and assured that all of the office tenants in its Keppel Bay Tower have signed green leases last year.

Keppel Land is a founding member of the corporate advisory board of the World Green Building Council (WGBC) and Tan Swee was appointed as treasurer of the council’s board of directors for 2020-2022.