Posted under
Express 196CapitaLand’s fourth Global Sustainability Report reflects progress in the reporting of its global performance as it operates in 20 countries and 110 cities. Besides being a leader at home and abroad in sustainability and green building practices, CapitaLand also invests in people projects with its “Building People” photography competition and exhibition with National Geographic this month and its Eco Race for tenants, on 28 September 2013. Read More
Continued commitment to progressive and comprehensive sustainability reporting
Achieved cost avoidance in excess of S$35 million for utilities since 2009
Singapore, 31 July 2013 – CapitaLand Limited’s (CapitaLand’s) fourth Global Sustainability Report 2012 (Report) reflects continued strong commitment and progress in the reporting of its global performance.
The Report, validated by the Global Reporting Initiative (GRI), achieved Level B+ according to the GRI G3.1 Guidelines. It was audited by an Independent Certified Sustainability Assurance Practitioner.
Highlights of CapitaLand Limited Global Sustainability Report 2012:
Recognition
Highlighted as a sustainability leader in the Global 100 Most Sustainable Corporations by Corporate Knights (the second consecutive year to be accorded)
Listed in Sustainability Yearbook 2013 as the top 15% performing Environmental, Social and Governance (ESG) companies
Listed in Dow Jones Sustainability World and Asia Pacific Indexes 2012/2013 as the top 20% performing ESG companies
Environment
Cost avoidance in excess of S$35 million for utilities since 2009
Increased operational efficiency (per square metre) since 2008 with energy and water reduction of 11.7% and 16.1% respectively
Reduced carbon emissions intensity by 16% since 2008
Social (Human Capital and Community Development)
52 training hours per employee, well above the recommended industry guide of 40 hours
Propagate gender equality with about 27% of women in top management positions
Zero non compliance for environment, workplace health and safety
Embrace diversity with employees from more than 80 different nationalities
More than S$4 million donated by CapitaLand Hope Foundation (Foundation) in 2012 (close to S$20 million donated to more than 120 charities since the Foundation’s inception in 2005)
100% staff volunteers have a stronger sense of belonging and pride in working for a socially responsible company
Governance
Won for the 12th consecutive year the “Most Transparent Company (Property)” award by the Securities Investors Association, Singapore
Implemented CapitaLand Global Principles on Ethical Business Conduct
Sustainability issues material to the organisation are a key priority for CapitaLand. Last November, stakeholders including senior management from various business units, departments and geographies were roped in for an independent materiality assessment to identify key Environmental, Health and Safety (EHS) issues that are most relevant and important to the Group. This complements the annual review of internal key performance indicators and management processes.
Significant improvements were also made in the underlying process of the Group’s sustainability reporting framework via surveys and internal audits. The objectives aim to better understand energy and water management issues, green features in operational buildings, as well as the levels of staff engagement.
CapitaLand, one of the first companies in Singapore to voluntarily publish its Sustainability Reports, is committed to cover its Group-wide property portfolio in more than 110 cities in over 20 countries. CapitaLand’s presence across different geographies poses challenges to sustainability reporting. Differences in legislature, the availability of local infrastructure and supply chain, standards of measurement and climates (temperate vs tropical) make it challenging for implementation, data collection and date interpretation. By benchmarking against an international standard and framework, top management commitment and establishing Group-wide internal guidelines, CapitaLand has overcome some of these challenges.
Mr Lim Ming Yan, President & Group CEO, CapitaLand Limited, said: “CapitaLand is committed to building a sustainable future for our stakeholders and for generations to come. Sustainability is a Group-wide effort that is integral to our business. Guided by our core values and operating principles, we conduct our business, interact with stakeholders and contribute to the well-being of our employees and the community in an ethical and responsible manner.”
Mr Lim added: “Investors and consumers are becoming increasingly aware of the importance of sustainability and its positive impact on them. In today’s business environment, sustainability and profitability are both important to the success of a company. The fact that we have avoided over S$35 million in utilities cost since 2009 shows that sustainability makes business sense.”
Mr Tan Seng Chai, Group Chief Corporate Officer, CapitaLand Limited, said: “The publication of CapitaLand’s fourth Sustainability Report 2012 attests to our commitment to transparency and to improving the economic, environmental and social well-being of our stakeholders. Apart from doing good, sustainability ensures our business operates in a transparent and ethical manner.”
The Report is available online at http://www.capitaland.com/sustainability/sustainability-report. In line with CapitaLand’s commitment to go green, no printed copies will be made to minimise the impact on the environment.
About CapitaLand Limited
CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, the company’s businesses in real estate and real estate fund management are focused on its core markets of Singapore and China.
The company’s diversified real estate portfolio primarily includes homes, offices, shopping malls, serviced residences and mixed developments. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand leverages its significant asset base, real estate domain knowledge, product design and development capabilities, active capital management strategies and extensive market network to develop real estate products and services in its markets.
The listed entities of the CapitaLand Group include Australand, CapitaMalls Asia, Ascott Residence Trust, CapitaCommercial Trust, CapitaMall Trust, CapitaMalls Malaysia Trust, CapitaRetail China Trust and Quill Capita Trust.
About Global Reporting Initiative (GRI)
GRI works towards a sustainable global economy by providing organisational reporting guidance.
GRI’s Sustainability Reporting Framework enables all companies and organisations to measure and report their sustainability performance. By reporting transparently and with accountability, organisations can increase the trust that stakeholders have in them, and in the global economy.
GRI is a network-based organisation. A global network of some 30,000 people, many of them sustainability experts, contributes to its work. GRI’s governance bodies and Secretariat act as a hub, coordinating the activity of its network partners.
Case study on retrofitting:
First Operating Office Building in the CBD to win 2010 Green Mark Platinum Award
Six Battery Road is a 42-storey Grade A office building and a Raffles Place landmark. The first operating office building in the CBD to attain Green Mark Platinum, its location, convenient transport access and excellent views are highly coveted features. The building is currently operational while asset enhancement work is in progress. The enhancement is expected to complete by end-2013.
Green Features
With innovative features which enhance the aesthetics as well as its green specifications, Six Battery Road stands out as an iconic building for environmental sustainability. “Rainforest Rhapsody”, the largest indoor vertical garden comprising 2,000 square feet of a rich selection of more than 100 plant species, was unveiled on 24 March 2011. Some of its key recycling features include harvesting rainwater in an automatic irrigation system to water the vertical garden, as well as a pilot project which uses exhaust air to power a wind turbine and generate clean energy to drive the irrigation pumps of the vertical garden.
Engineered to conserve energy, the equipment plant room was redesigned with upgraded chillers that incorporate thermal energy storage to help raise system efficiency from 0.94kW/ton to 0.65kW/ton, and reap potential savings of 25% on consumption. Solar light tubes are installed to reduce reliance on artificial lighting.
CapitaCommercial Trust (CCT) Engages Tenants for Eco Race 2013
Race around CBD for a fun morning of eco-conscious activities
Capital Land is now seeking tenants’ registration for 2013 Eco race, happening on Saturday, 28 September 2013.
The objectives of “CCT Eco Race 2013‟ are to educate and promote awareness on environmental sustainability among tenants. It was an opportunity for CCT‟s marketing and leasing team, and property management team to interact with the tenants.
BUILDING PEOPLE 2013
A NATIONAL GEOGRAPHIC CHANNEL AND CAPITALAND PHOTOGRAPHY COMPETITION
The fourth edition of the CapitaLand-National Geographic Channel “Building People” Photography Competition injects life into buildings with new duo-themed contest.
Grand prize winner to go on an exclusive assignment under the mentorship of award-winning National Geographic photographer Mr Michael Yamashita
CapitaLand Limited (CapitaLand) will partner the National Geographic Channel for the fourth consecutive year for the regional CapitaLand-National Geographic Channel “Building People” Photography Competition (Competition).
For the first time, the Competition introduces a duo-theme feature – “Best Building Moment” and “Best People Moment”. The “Best Building Moment” theme calls for creative interpretations of CapitaLand’s properties, which effectively capture the best characteristics of its homes, offices, shopping malls, serviced residences and mixed developments while the theme “Best People Moment” further challenges participants to capture memorable moments of human connections or experiences within any of CapitaLand’s properties such as daily interactions, romantic escapism, joyful celebrations and intimate embraces.
With Asia’s rising economy and rapid urbanisation, industry leaders have observed that people spend an increasing amount of time in buildings – to work, shop and play. Such urban-living habits have prompted CapitaLand and the National Geographic Channel to challenge photographers not only to capture photographs which embody the symbiotic interactions between people and CapitaLand’s properties, but also to personify the buildings in their work of art such that the buildings metaphorically come to life.
The highly-acclaimed Competition has seen increasing popularity and expanded outreach as it welcomed a first-time entry from India last year. Last year, there was a 70% surge in entries from 2011, with an overwhelming 2,000 submissions from Asia Pacific countries including Australia, Brunei, China, India, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.
A judging panel, comprising National Geographic photographer Mr Michael Yamashita and executives from the National Geographic Channel and CapitaLand, will evaluate all entries based on novelty, artistic direction, depth of judgement and the creative interpretation of the themes, “Best Building Moment” and “Best People Moment”. The 2 judges will also be looking out for innovative portrayals of the synergetic interactions between CapitaLand buildings and People.
Mr Tan Seng Chai, Group Chief Corporate Officer, CapitaLand Limited, said: “We are heartened to see the growing popularity of this photographic Competition, as we witness year-on-year increases in submissions from enthusiasts across the region. Capturing CapitaLand properties through the lenses of photographic talents has given fresh perspectives to our buildings. Our unwavering dedication to ‘Building People’ at CapitaLand has urged us to continually provide quality living for people, and we hope that the submissions this year can illustrate our efforts to bring life to our buildings.”
In addition, there will also be an opportunity for participants to showcase their photographic creativity in an upcoming CapitaLand-National Geographic Channel “Building People” Photography Exhibition in August 2013.
Venue: ION Orchard from16th – 20th August 2013, 10am – 10pm daily
Exhibition will be opened to public from 7pm onwards on 16th August 2013.
Source: www.capitaland.com