Aside from these initiatives, CapitaLand Investment is also exploring new business models to reduce carbon emissions and help with cost optimisation.
The firm also widened the scope of the scope of the capital goods and downstream leased assets categories after a review. The rise was led by the 40 per cent growth in CLI’s number of operational properties to 497 in 2023 from 2019, and accounts for the rise in Scope 2 emissions.“If you look at like-to-like same store basis, which is the properties that were there in 2019 and the same properties that are there today as well, absolute carbon emissions has gone down by 14.4 per cent,” he said.
In 2023, CLI’s carbon emissions intensity per sq m dropped 13.2 per cent, energy consumption intensity per sq m fell 13.4 per cent, water consumption intensity was down 24 per cent and waste consumption intensity fell by 44 per cent. In the next six to 12 months, CLI would double down on increasing the number of green leases with its tenants as they contribute about 58 per cent of the firm’s Scope 3 emissions, said Mr Srivastava.
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