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CapitaLand Investment increases focus on its Scope 3 emissions

Felicia Tan
Felicia Tan • 2 min read
CapitaLand Investment increases focus on its Scope 3 emissions
CapitaMall LuOne in Shanghai. Photo: CLI
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CapitaLand Investment (CLI) has incorporated three new Scope 3 categories that are deemed material to its operations. These are purchased goods and operations, fuel- and energy-related activities, as well as upstream transportation and distribution.

The group has also expanded the scope of its capital goods category after its latest review of the full inventory of Scope 3 emissions, emissions hotspots and key decarbonisation levers across its value chain.

“Tightening our focus on Scope 3 emissions is crucial because they account for the majority of CLI’s total greenhouse gas emissions. With tenant emissions being the largest contributor to Scope 3, we are pleased that we have increased green leases with tenants in China and Singapore to 57% as at end December 2023 from 43% a year ago, and we'll continue to do so globally,” says Vinamra Srivastava, CLI’s chief sustainability and sustainable investments officer.

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