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SG CapitaLand saves over $35m in utility bills

Property Here - Wednesday, July 31, 2013

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Singapore-based developer CapitaLand today said it has saved over S$35 million in utility costs through its sustainability programme since 2009.

This figure was shared during a briefing of its Global Sustainability Report 2012, which highlighted the group's environmental achievements. This is its fourth annual sustainability report. 

Since 2008, CapitaLand has achieved energy and water reduction of 11.7 percent and 16.1 percent respectively. During the same period, it also reduced carbon emissions intensity by 16 percent.

The report added that the developer achieved a grade of B+ according to Global Reporting Initiative (GRI) guidelines.

Responding, Lim Ming YanPresident and CEO of CapitaLand (pictured), said: "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 cost since 2009 shows that sustainability makes business sense."

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@allproperty.com.sg