In addition, the new plan introduces new social targets that are focused on social impact, human capital development and employee wellness. This includes having at least 40% female representation in senior management as well as an increased focus on governance.
“Amidst the multitude of global crises, maintaining focus on our pursuit of sustainability in our strategy and business is the way forward. We have doubled down on our sustainability efforts in the refreshed 2030 SMP, aligning it with our net zero commitment, with targets validated by Science Based Targets initiative (SBTi); and have also expanded our social and governance focus with new targets,” says Vinamra Srivastava, CLI’s chief sustainability officer.
“Achieving our sustainability goals requires a global ecosystem approach along multiple stakeholder collaborations. We are also deepening our efforts to reduce scope 3 emissions by forming partnerships with our supply chain vendors, engaging tenants to increase adoption of green leases at our properties globally and working with them to improve their sustainability performance,” he adds.
“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,” he continues.
See also: Siemens, A*STAR to help accelerate smart and sustainable manufacturing in Singapore
As at 10.27am, shares in CLI are trading 1 cent lower or 0.3% down at $3.30.
