CAPITALAND Investment (CLI) is aiming to increase its use of renewable energy to 45 per cent by 2030, up from its previous goal of 35 per cent. 

It has also set new targets to reduce waste intensity in its daily operations by 20 per cent, and to achieve at least 40 per cent female representation in senior management. 

The new targets were announced by CLI on Thursday (Jun 1) as part of its refreshed 2030 sustainability master plan (SMP). 

The 2030 SMP – a blueprint that charted the company’s targets and plans for the years ahead – was first launched in 2020. The global real estate investment manager said that it would review and adjust its 2030 targets every two years. 

The refreshed master plan integrates CLI’s commitment to achieve net-zero carbon emissions by 2050 and reduce Scope 1 and 2 carbon emissions by 46 per cent by 2030. 

The company said that the refreshed 2030 SMP detailed specific pathways for CLI to achieve its environmental targets, including leveraging sustainable finance and integrating sustainability into the entire real estate lifecycle. 

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In tandem with the updated 2030 SMP, the company also released its 14th Global Sustainability Report. 

CLI’s use of renewable energy stood at about 5 per cent, or 58,000 MWh, of its total electricity consumption in 2022, the report indicated.

The report also said that CLI has secured over S$4.7 billion in sustainable finance in 2022, and that its global portfolio was on track to achieve 100 per cent green building certification by 2030. In 2022, 58 per cent of its buildings were green-rated.

“Amid the multitude of global crises, maintaining focus on our pursuit of sustainability in our strategy and business is the way forward,” said CLI’s chief sustainability officer Vinamra Srivastava.  “We remain steadfast on our sustainability journey towards our ESG goals.”