SINGAPORE (EDGEPROP) - CapitaLand Investment (CLI) is planning to achieve net-zero emissions by 2050. In a May 31 press release, the company says it aims to reduce its absolute scope 1 and 2 greenhouse gas emissions by 46% by 2030, up from 28% in 2019.

See also: Investing in a sustainable future

The new net-zero commitment builds on existing sustainability targets outlined in CapitaLand’s 2030 sustainability master plan unveiled in October 2020. This includes accelerating the transition to a low-carbon business, improving water conservation and resilience, and enabling a circular economy.

Lee Chee Koon, CLI’s group CEO, says the company is cognisant of its responsibility to contribute to Singapore’s net-zero carbon goals and transition to a low-carbon business everywhere it operates. “Achieving our new ambition to attain net zero by 2050 requires a myriad of initiatives and we will continue to regularly report our sustainability performance and impact,” he adds.

CLI’s carbon mitigation strategy to achieve its net-zero target will prioritise the reduction of energy use and improving energy efficiencies through innovative building designs and engineering solutions. CLI also aims to intensify deployment of on-site renewable energy where feasible and purchase green power while also opting for renewable energy certificates as a last resort.