Capitaland Ascendas Reit

CapitaLand Ascendas REIT (CLAR), headquartered in Singapore and operating within financial intermediation services, is committed to reducing its carbon footprint. For the reporting year 2024, the REIT reported total Scope 1 and 2 emissions of approximately 49.7 million kg CO2e, comprising about 0.51 million kg CO2e from Scope 1 and approximately 49.21 million kg CO2e from Scope 2. This represents a slight increase from 2023, when total Scope 1 and 2 emissions were around 49.45 million kg CO2e. In 2022, emissions were approximately 49.16 million kg CO2e.

The organisation's parent company, CapitaLand Limited (CLI), has committed to achieving Net Zero emissions by 2050 for its global portfolio, which includes CLAR's properties. This long-term commitment covers Scope 1 and Scope 2 emissions. In addition to the Net Zero goal, CLI aims for carbon neutrality by 2040. Specific interim targets include a 50% reduction in carbon emissions by 2030 from 2005 levels for Scope 1 and 2 in the United States, as per the CLEAN Future Act. CLAR also aims for a 78% reduction in carbon emissions intensity by 2030.

CLAR's Scope 3 emissions data is not currently disclosed.