The updated 2030 sustainability master plan from CapitaLand Investment includes a 2050 net zero carbon emissions commitment

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CapitaLand Investment (CLI) 9CI -0.3%has refreshed its 2030 sustainability master plan (SMP) to enhance its governance, environmental and social (ESG) foundations.

The new strategy ties in with the commitment of the group to reach the goal of net-zero carbon emission by 2050, and to cut down the scope of one and two carbon emission by the amount of 46% in 2030. This includes a new target for the utilization of renewable energy, which is from 35% to 45% by 2030. It also includes an updated goal to cut down on the amount of waste generated in daily activities in 20%.

Additionally the new plan also includes new social objectives which are focused on the social impact in human capital development, as well as wellbeing of employees. This includes ensuring at least 40% female representation in top management and a greater emphasis on governance.

“Amidst the myriad challenges facing the world, retaining a the focus on sustainability within our business strategy and strategies is the best way to go. We’ve stepped up our efforts to be sustainable in the updated 2030 SMP and aligned it in line with our net-zero pledge, and targets backed by Science Based Targets initiative (SBTi) and also added social and governance to our goal-setting with new targets,” Vinamra Srivastava, Chief Sustainability Officer at CLI.

“Achieving our sustainability objectives requires a global, ecosystem-based approach with multi stakeholder collaborations. We are also intensifying our efforts to cut down on emission levels in the scope 3 by creating alliances with our supply chain suppliers as well as engaging tenants in promoting the number of green leases that are being used at our properties across the globe and cooperating with them to enhance the sustainability of their properties,” he adds.

“Since we announced our SMP for 2020 in the year 2000, we’ve focused on executing to reach our ambitious ESG goals. We continue to push the limits in the search for innovative solutions, and have been testing them on our properties around the globe. We’ve also increased the utilization of renewable energy produced in-house and offsite, as well as increased our capital partner network to provide sustainable financing, among other things. We will continue to be steadfast in the path to sustainability and toward the achievement of our ESG targets,” he continues.

As of 10.27am CLI shares are trading at 10.27am. CLI trade 1 cent less (or 0.3% down at $3.30.