CapitaLand’s fourth Global Sustainability Report reflects progress in the reporting of its global performance. Continued commitment to progressive and comprehensive sustainability reporting. Achieved cost avoidance in excess of S$35 million for utilities since 2009
Singapore – 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:
· 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
· 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
· 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
· 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.
Issued by: CapitaLand Limited (Co. Regn.: 198900036N)
Date: 31 July 2013
SVP, Corporate Communications
Tel: +65 6823 3205/ +65 9791 8597
SVP, Investor Relations
Tel: +65 6823 3210