Carbon Mitigation Hierarchy CICT adopts CLI’s Avoid, Reduce, Replace, and Compensate hierarchy for decarbonisation across the real estate life cycle, including for all new build or asset enhancement projects. Project data is monitored during construction and operation through CLI’s ETS. The first stage of carbon mitigation is to avoid the emission of carbon. This is accomplished with low-carbon design early in the stage of a project when major refinements can be made quickly and efficiently, drawing on its in-house SBG. The next stage focuses on reducing emissions through the use of high-efficiency mechanical and engineering equipment and smart building analytics. Further down the hierarchy, it emphasises replacing grid electricity and onsite fuel consumption with onsite renewable energy as well as offsite green power procurement through corporate Power Purchase Agreements. Many of the latest smart building and onsite renewable solutions are also under pilot through the CSXC or CIF programmes. When neither onsite nor green power is sufficient to replace the building’s energy consumption, we will consider utilising Renewable Energy Certificates where appropriate. This planned use will be in line with existing SBTi requirements. We aim to address any remaining residual carbon with carbon offsets and are currently reviewing the carbon offsets strategy with CLI. The planned use of carbon offsets will be in line with the existing SBTi requirements - i.e. offsets will only be used in the last mile for emissions reductions beyond the science-based reduction targets and decarbonization strategies (i.e. residual emissions) to reach Net Zero. They will be sourced from high quality reputable carbon credit projects that undergo the necessary verification and certification processes, aligned to international standards, with a preference for naturebased carbon removal solutions. We will work towards ensuring the credibility and integrity of the offsets that it plans to procure in the future. On-site Renewables Replace Compensate Reduce Avoid Low Consumption Design • Natural ventilation to reduce cooling demands • Use of sun shades & cool paints to reduce heat gain • More energy efficient heating, ventilation, air-conditioning & lighting equipment • Zoning of air-conditioned systems; zoned lighting system • 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 Carbon O sets • Last-mile option to address any residual carbon after all direct carbon-abatement initiatives have been exhausted Green Power Procurement • Power purchase agreements with off-site solar & wind farms in geographies where it is technically & regulatory-wise feasible Renewable Energy Certificates • Lower priority solution to be utilised only in cases where no further on-site renewable or off-site green power procurement is feasible Control, Metering & Monitoring • Intelligent Building Platform (cloud-based; IOT driven) that enables centralised monitoring & data analytics-based insights towards optimising equipment performance • Use of daylight/light shelves to reduce need for artificial lighting • Use of low embodied carbon material in construction & fit-outs High Energy Eciency • High-efficiency boilers & heat pumps • District cooling systems in selected properties where feasible • Sub-metering & motion sensors for centralised monitoring, control & predictive analysis • Regular energy audits at properties to improve energy efficiency 21 Sustainability Report 2024
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