CapitaLand exceeds 2020 targets for carbon emissions and water intensity

CAPITALAND on Tuesday said that it has reduced its carbon emissions intensity and water intensity by 26.2 per cent and 21.8 per cent respectively, compared with 2008. This exceeds the group's 2020 reduction targets of 23 per cent and 20 per cent.

In its eighth Global Sustainability Report, it also said that it has avoided S$108 million of costs in utilities since 2009, arising from 18.8 per cent and 21.8 per cent energy and water consumption reduction. It has also diverted 4,700 tonnes of recyclable waste from landfills, and installed over 80 electric vehicle charging stations in its properties worldwide.

Lim Ming Yan, president & group CEO of CapitaLand, said in his message to stakeholders: "As a sustainable real estate developer, we want to build a lasting company that adds value to our stakeholders across our diversified global real estate portfolio of integrated developments, shopping malls, serviced residences, offices and homes.

"Such global developments will spur us to continually strive for operational efficiency, and leverage on innovation to build resilient and sustainable real estate of the future."

The group continued to do well financially even with these investments and efforts, he said.

"Despite the challenging environment, we continued to deliver a set of resilient and healthy financial results of S$5.3 billion of total revenue and S$2.4 billion of earnings before interest and tax from our continuing operations. The group's return on equity improved to 6.6 per cent, up from 6.1 per cent in 2015."