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CLI tightens focus on Scope 3 reductions
Developer expands capital goods category, adds three deemed material to operations
The Asset 5 Jun 2024

Singapore’s biggest property developer CapitaLand Investment Limited (CLI) has incorporated three new Scope 3 categories deemed material to its operations into its emission calculations, and expanded the scope of the capital goods category, following a review of its full inventory of Scope 3 emissions, emissions hotspots and key decarbonization levers across its value chain. 

The three new categories are purchased goods and operations, fuel- and energy-related activities, as well as upstream transportation and distribution.

The Singapore government-backed CLI also bolstered its reporting in existing categories, such as tenant consumption, enabling improved initiatives with tenants and supply chains.

The widened scope reaffirms CLI’s commitment, the company says, to action on its sustainability targets and a focused execution progress charted by its 2030 sustainability master plan.

Vinamra Srivastava, the developer’s chief sustainability and sustainable investments officer, adds: “Tightening our focus on Scope 3 emissions is crucial because they account for the majority of CLI’s total greenhouse gas emissions.”

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