Net Zero Roadmap
Mapletree aligns with the Paris Agreement to limit global warming to 1.5°C above pre-industrial levels. In FY22/23, we set a target to reach net zero emissions by 2050 and unveiled our “net zero by 2050” roadmap, which serves as a guiding framework for the organisation to achieve net zero emissions by 2050.
Lay the Foundation
Implement an environmental data management system and track carbon emissions
Establish carbon baseline
Roll-out sustainability policies that span across real estate value chain
Carry out climate risk assessment on portfolio assets
Lay the Foundation
Implement an environmental data management system and track carbon emissions
Establish carbon baseline
Roll-out sustainability policies that span across real estate value chain
Carry out climate risk assessment on portfolio assets
Refine Sustainability Disclosures
Broaden coverage of sustainability and climate reporting and GRESB submission
Benchmark our performance through GRESB and UN PRI
Refine Sustainability Disclosures
Broaden coverage of sustainability and climate reporting and GRESB submission
Benchmark our performance through GRESB and UN PRI
Enhance Stakeholder Engagement on ESG
Train employees
Engage tenants, investors and suppliers
Enhance Stakeholder Engagement on ESG
Train employees
Engage tenants, investors and suppliers
Formulate Decarbonisation Pathway and De-risk Portfolio
Set intermediate net zero targets
Conduct quantitative climate risk assessment
Formulate Decarbonisation Pathway and De-risk Portfolio
Set intermediate net zero targets
Conduct quantitative climate risk assessment
Leverage Decarbonisation Levers
Improve asset performance (energy efficiency)
Install rooftop solar systems
Procure renewable energy
Introduce embodied carbon framework
Launch supplier code of conduct
Leverage Decarbonisation Levers
Improve asset performance (energy efficiency)
Install rooftop solar systems
Procure renewable energy
Introduce embodied carbon framework
Launch supplier code of conduct
Compensate and Neutralise
Invest in nature-based solutions
Procure carbon credits for residual emissions
Compensate and Neutralise
Invest in nature-based solutions
Procure carbon credits for residual emissions
Our Progress
As we continue on our net zero journey, we aim to transparently communicate Mapletree’s advancements and achievements in realising its net zero commitment.
Environmental Data Management System
In FY23/24, we began implementing an environmental data management system across the Group. The system plays a crucial role in monitoring carbon emissions-related data within our portfolios. It will streamline the carbon baselining process for all our assets, thus facilitating the setting of medium-term net zero targets and decarbonisation strategies. The implementation is anticipated to be completed by FY24/25.
Green Energy Supply
We have placed a strong emphasis on increasing the utilisation of renewable energy within our portfolio. We are achieving this through the installation of rooftop solar panels and the procurement of renewable energy for our operational consumption.
- 122 MWp of cumulative installed capacity of solar photovoltaic as of FY23/24
- 71 GWh of renewable energy generated from Mapletree properties
- 10% of landlord electricity consumption was derived from renewable sources
Embodied Carbon Framework
Our Group Development Management team started tracking the embodied carbon data for projects under development since FY22/23. Acknowledging the complexity of covering all materials and activities throughout the construction stage, we prioritise key areas with the highest contribution to the overall embodied carbon footprint of our developments. We focus specifically on concrete, reinforcement bars, and structural steel, which are major components of building substructures and superstructures.
As part of our sustainable development policy all new developments will have to be assessed thoroughly at the design stage to include consideration of 11 sustainability aspects. We continuously explore alternative low-carbon materials and innovative solutions for trial in new developments, aligning with our goal to reduce embodied carbon emissions intensity by 30% by 2030 and achieve net zero by 2050.
Featured Stories
The TENG Company, with Support from Mapletree, Releases First-ever NDP Medley Music Video Featuring 32 Theme Songs
Mapletree and Singaporean photographer Melisa Teo present Two Rivers exhibition (Part II) at VivoCity
Celebrating 60 Years of Singapore: TENG and Mapletree Present a Multicultural Showcase from ‘Stories from an Island City’ at VivoCity!
