The Master Plan integrates its 2050 Net Zero carbon emissions commitment, introduces new social targets, and increases focus on governance.
The refreshed 2030 SMP integrates CLI’s commitment to achieve Net Zero carbon emissions by 2050 and reduce scope 1 and 2 carbon emissions by 46% by 2030. It includes an increased target for the use of renewable energy from 35% to 45% by 2030, and a new target to reduce waste intensity in day-to-day operations by 20%. It also introduces new social targets focused on social impact, human capital development, and employee wellness, including having at least 40% female representation in senior management , and increases focus on governance. The refreshed 2030 SMP provides greater clarity on CLI’s pathways to achieve its sustainability goals.
Mr
“Since we unveiled the SMP in 2020, we have been focusing on execution to achieve our ambitious ESG targets. We continue to push boundaries in sourcing for innovative solutions and piloting them at our properties across the world. We have also intensified the use of renewable energy generated onsite and offsite, and expanded our network of capital partners for sustainable financing, among others. We remain steadfast on our sustainability journey towards our ESG goals,” added
Theme 1: Build portfolio resilience and resource efficiency
Apart from elevating its target for the use of renewable energy and introducing a new target for waste management, CLI included in the refreshed 2030 SMP its target to reduce its absolute scope 1 and 2 carbon emissions to accelerate its transition to a low carbon business. CLI will also continue to work towards its targets to reduce carbon emissions intensity, energy consumption intensity and water consumption intensity by 72%, 15% and 15% respectively.
CLI has detailed specific pathways to achieve its environmental targets in the refreshed 2030 SMP, including the integration of sustainability in the entire real estate life cycle; driving innovation and collaboration in the built sector; and leveraging sustainable finance, among others.
Theme 2: Enable thriving and future-adaptive communities
CLI is strengthening its social efforts by expanding the 2030 SMP to include CLI’s social impact on its communities through
Pathways to achieve its social targets include leveraging CHF to amplify social value creation in communities where CLI operates; developing capability and culture of sustainability throughout the organisation; and cultivating stakeholder engagement through thought leadership and advocacy.
Theme 3: Steward responsible business conduct and governance
CLI has increased its governance focus in the refreshed 2030 SMP to highlight the importance of responsible business conduct and stewardship in its business. This includes committing to upholding strong corporate governance, maintaining transparent reporting, and having sound processes in place to manage sustainability risks.
CLI has implemented a robust ESG governance structure. It has a dedicated
Contact Information:
+6567133093
Contact via Email
www.capitalandinvest.com
Read the full story here: https://www.pr.com/press-release/888574
Press Release Distributed by PR.com
Copyright © 2023 PR.com and its licensors
, source