CapitaLand cuts utilities cost for sustainability

Singapore

CAPITALAND LIMITED saved over S$76 million in cost avoidance for utilities from 2009 to 2014, reaffirming the Singapore-listed company's commitment to sustainability, according to its Global Sustainability Report for 2014.

One of Asia's largest real estate development companies, CapitaLand achieved a 13.6 per cent reduction in operational energy, a 21.6 per cent reduction in water consumption since 2008, and a 21 per cent reduction in carbon emissions intensity since 2008. The company's share price also rose in 2014, from S$3.03 to S$3.31 at the end of the year. The total shareholder returns in 2014 was 11.9 per cent.