Going green saves CapitaLand S$35m in utilities costs

CapitaLand has saved S$35 million in utilities costs since 2009, according to the company’s 2012 Global Sustainability Report.

CapitaLand was one of the first companies in Singapore to voluntarily publish its sustainability reports. The 2012 report covers its group-wide property portfolio in more than 110 cities in over 20 countries.

CapitaLand received a Level B+ rating from the independent Global Reporting Initiative (GRI) according to its G3.1 guidelines. It was audited by an independent certified sustainability assurance practitioner.

CapitaLand said it has reduced energy use by 11.7 per cent and water use by 16.1 per cent since 2008. The company said it also reduced carbon emissions by 16 per cent in the same time frame.

In a statement, Mr Lim Ming Yan, president and group CEO of CapitaLand Limited, said: “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 costs since 2009 shows that sustainability makes business sense.”

As for social sustainability, CapitaLand said it provided 52 hours of training per employee, above the recommended industry guide of 40 hours, and that 27 per cent of top management positions are held by women.

Tan Seng Chai, the group’s chief corporate officer, said: “We want to be more progressive in what we do, so there are certain areas we are probably not quite there yet. But we are prepared to tell people that’s where we are today.

“And I think having published it for the past four years, people can see, actually there’s not a lot of negativity in being more transparent. So I hope that also encourages more people to come forward to report.”

Source : Channel NewsAsia – 1 Aug 2013

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