PORTFOLIORESILIENCEANDRESOURCE EFFICIENCY The efficient use of environmental resources such as energy and water, responsible waste management and consideration of the surrounding community, contribute to the operational efficiency and longterm sustainability of CICT’s real estate portfolio. CICT has been tracking its energy and water usage, waste generation and carbon emissions of its portfolio via CapitaLand’s Environmental Tracking System (ETS). The platform has been used to survey the various initiatives implemented at its properties globally including energy and water efficiency measures, biodiversity and habitat risks, as well as physical risks, including flood risk and water management. Since migration to a cloud-based platform, the enhanced ETS has further improved data tracking and accuracies, expedited benchmarking on consumption patterns and helped identify opportunities for more operational efficiency improvements. It allows each property to conduct analysis against set targets and past trends to understand consumption patterns and identify areas for improvement. The consolidated data is also analysed at the business units and group levels against reduction targets. This facilitates a better understanding of consumption patterns and identification of areas for eco-efficiency improvements for its portfolio. Regular desktop audits are conducted to ensure data completeness and accuracy. In 2021, the ETS was further enhanced to better track the performance of its properties against the 2030 Sustainability Master Plan (SMP) targets, and new indicators, e.g. green building certifications were included. TARGETS CICT is aligned with CapitaLand’s science-based targets set out in CapitaLand’s 2030 SMP as we transit to a low carbon business. CapitaLand’s carbon emissions intensity reduction target is computed from the approved science-based target to better track day-to-day operational efficiency. As part of the CapitaLand Group, CICT is committed to working towards the long-term and annual targets under CapitaLand’s 2030 SMP Framework1. 1 To operationalise its SBTi approved carbon emissions reduction target for scope 1 and 2 emissions, CLI is reviewing its carbon emissions intensity reduction targets and other environment targets, including changing reference to 2019 as the baseline year instead of 2008. The targets are being reviewed as part of the scheduled review of CapitaLand’s 2030 SMP in 2022 and will be published before end May 2023. Reduce by 78% Reduce by 45% Reduce by 35% Renewable Energy 35% of total energy consumption from renewable sources by 2030 Recycling Rate 25% recycling rate in day-to-day operations by 2030 Carbon Emissions Intensity Water Consumption Intensity Energy Consumption Intensity Integrated Sustainability Report 2022 27 Operational Efficiency 2030 TARGETS (Using 2008 as base year)
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