KEPPEL Land, the real estate arm of conglomerate Keppel Corp, has set a target to reduce carbon emission intensity to 40 per cent below 2010 level by 2030.
This translates to a cumulative reduction of almost 140,000 tonnes of carbon emissions, which will yield potential savings of more than S$75 million from 2010 to 2030, the company said in its latest sustainability report.
Keppel Land said it will develop high-performance commercial buildings, improve energy efficiency of its existing buildings and tap on renewable energy to achieve this goal.
The company has also pledged to cut energy and water usage intensities by 30 per cent compared with 2010 levels by 2030.
To do this, the company will upgrade chiller plant systems, use energy- and water-efficient fittings and implement smart building technologies.
"At Keppel Land, we believe that sustainability is key to future-proofing our business," said Loh Chin Hua, executive chairman of Keppel Land.
"We are committed to building a cleaner, greener tomorrow and will continue to align ourselves with best practices and international benchmarks to shape a sustainable future for generations to come."
Keppel Land also aims to increase its usage of green materials to 50 per cent by 2030, in line with efforts to be a responsible green developer.
In the report, Keppel Land also stated that it has set the benchmark for all its new Singapore developments and overseas commercial projects to be certified to the BCA Green Mark GoldPLUS standard, or its equivalent, and for all overseas residential developments to be certified to the BCA Green Mark Gold standard, or its equivalent. All newly acquired completed commercial buildings are also to be certified to the BCA Green Mark Gold standard, or its equivalent, within two years.