BUILDING CLIMATE RESILIENCE Committing to Net Zero by 2050 and Elevating CapitaLand’s Carbon Emissions Reduction Targets to 1.5°C Scenario Carbon Mitigation Hierarchy In 2022, CapitaLand Group elevated its scope 1 and 2 carbon emissions reduction targets which were validated by Science Based Targets initiative (SBTi) to be in line with a 1.5°C trajectory3, currently the most ambitious designation available through the SBTi process. This will translate to Net Zero in 2050. Alignedwith theGroup’s elevated science-based target, CICT commits to reducing its absolute scope 1 and 2 emissions by 46% by 2030 froma 2019 base year and aims to achieve Net Zero by 2050, consistent with the effort required to limit global temperature increase to below 1.5°C. To operationalise its SBTi approved carbon emissions reduction target for scope 1 and 2 emissions, CLI is reviewing its carbon intensity reduction targets and other environment targets, including changing reference to 2019 as the baseline year instead of 20084. CLI also aims to conduct a comprehensive review of its scope 3 emissions to better track and disclose its material scope 3 emissions, and is committed to developing scope 3 emission goals aligned to science-based targets. Overthenextdecade,aspartofCLI’sroadmaptoNetZero,CLIandCICTwillprioritisethedecarbonisation levers below, and in particular, continue to source globally for new ideas and technologies to achieve higher energy efficiency and intensify its renewable energy integration efforts. LowConsumption Design • Natural ventilation to reduce cooling demands • Use of sun shades & cool paints to reduce heat gain • Use of daylight/light shelves to reduce need for artificial lighting • Use of low embodied carbon material in construction & fit-outs • More energy efficient heating, ventilation, air-conditioning & lighting equipment • Zoning of air-conditioned systems; zoned lighting system • High-efficiency boilers & heat pumps • District Cooling Systems in selected properties where feasible • Intelligent Building Platform (cloud-based; IOT driven) that enables centralisedmonitoring & data analytics-based insights towards optimising equipment performance • Sub-metering &motion sensors for centralisedmonitoring, control & predictive analysis • Regular energy audits at properties to improve energy efficiency • Solar PVs on building rooftops wherever feasible for on-site renewable energy generation • Explore & pilot new technologies & innovations like micro-wind turbines, waste-to-energy solutions, building-integrated photovoltaics etc. • Power Purchase Agreements with off-site solar & wind farms in geographies where it is technically & regulatory-wise feasible • Lower priority solution only in cases where no further on-site renewable or off-site green power procurement is feasible • Last-mile option to address any residual carbon after all direct carbonabatement initiatives have been exhausted; Quality & governance control of projects to be extremely critical High Energy Efficiency Control, Metering& Monitoring On-site Renewables Green Power Procurement Replace Compensate Renewable Energy Certificates Carbon Offsets 3 The carbon emissions reduction target in line with a 1.5°C trajectory was elevated from its target of a “well-below 2°C” trajectory set in 2020. 4 It is reviewed as part of the scheduled review of CapitaLand's 2030 SMP in 2022 and will be published before end May 2023. Reduce Avoid Integrated Sustainability Report 2022 19
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