Keppel harnesses the distinctive strengths of its core businesses to provide solutions for sustainable urbanisation. The Group embraces sustainability not only as a guiding principle, but also on strategic and operational levels.
GLOBAL REAL ESTATE SUSTAINABILITY BENCHMARK
In September, Keppel garnered top accolades in the Global Real Estate Sustainability Benchmark (GRESB) 2016, attesting to its continuous efforts to strengthen its environmental, social and governance (ESG) practices.
GRESB serves as an internationally-recognised platform to assess the sustainability performance of property companies and real estate funds. Companies are evaluated on seven aspects of sustainability such as management; policy and disclosure; risks and opportunities; monitoring and environmental management systems; performance indicators; building certificate benchmarking as well as stakeholder engagement.
Keppel Land topped the Residential (Global), China and East Asia sectors, and ranked third among developers globally. The Company also achieved an outstanding score in its ESG performance, significantly surpassing its peers.
Mr Ang Wee Gee, CEO of Keppel Land, said, “We are honoured to be recognised across multiple sectors by GRESB which spurs us in our sustainability journey. We will continue to push the envelope in delivering value through innovative and green real estate solutions, to meet the needs and capture opportunities resulting from the rapid pace of urbanisation, especially in our key markets such as China.”
Keppel REIT topped the rankings in a series of categories, including listed real estate companies globally. It retained its pole position as the Regional Sector Leader for the Office Sector in Asia for three consecutive years, reaffirming its commendable sustainability performance. Keppel REIT also ranked second globally across all 733 diversified entities and sectors as well as among 173 companies in the office sector, up from third position last year in both categories.
Ms Ng Hsueh Ling, CEO of Keppel REIT Management Limited, the Manager of Keppel REIT, said, “We strive to adopt high sustainability standards and best practices across our sterling portfolio of prime office buildings to achieve positive and sustainable outcomes for the environment and all our stakeholders. This recognition encourages us to continue on our sustainability journey in enhancing the environmental performance of our properties and business operations.”
At the same time, the Asia Macro Trends Funds I and II, of which Keppel Land is a sponsor, were awarded the ‘Green Star’ status, the apex of the GRESB Quadrant Model which categorises property portfolios as ‘Green Starter’, ‘Green Walk’, ‘Green Talk’, or ‘Green Star’. The Funds are managed by Alpha Investment Partners, a wholly-owned subsidiary of Keppel Capital.
Keppel Land and Keppel REIT both adopt holistic and proactive approaches towards environmental management and protection in all their business practices and operations. In addition to GRESB, their property portfolios have received internationally-recognised green certifications from leading industry bodies.
To date, Keppel Land has received a total of 61 Green Mark Awards from the Building and Construction Authority of Singapore (BCA), of which eight are Platinum. It has set the goal of achieving at least the BCA Green Mark GoldPlus and Gold ratings or their equivalent for all its new projects in Singapore and overseas respectively.
All of Keppel REIT’s office towers have been certified by the BCA, the United States’ Leadership in Energy and Environmental Design (LEED), the Green Building Council of Australia and the National Australian Built Environmental Rating System. Investments in sustainable properties have seen Keppel REIT’s assets attract well-established tenants from various industries.
ALPHA INVESTMENT PARTNERS
FULLY POWERED BY RENEWABLE ENERGY
Committed to sustainability, Keppel Land has begun purchasing renewable energy from Keppel Electric, a wholly-owned subsidiary of Keppel Infrastructure, to power its corporate office at Bugis Junction Towers. The renewable energy is harvested from photovoltaic panels installed in premises operated by Keppel Infrastructure and is then transferred to Keppel Land.
This is the first time a Green Markcertified office is using renewable energy generated offsite to fully power its operations. Keppel Land’s corporate office was conferred Singapore’s Building and Construction Authority (BCA) Green Mark (Office Interior) Platinum Award at the annual BCA Awards earlier this year for its efforts in environmental sustainability.
Through this innovative offsite solar power purchase scheme, Keppel Land is expected to offset about 150,000 kg of carbon emissions every year – an amount which would otherwise require about 750 trees to absorb over their entire lifetime.
CEO of Keppel Land, Mr Ang Wee Gee, said, “At Keppel Land, we are committed to hand over a greener and more sustainable world to the next generation. Through our latest collaboration with Keppel Electric, we are able to harness strengths in the Keppel Group to overcome onsite limitations so as to reduce our carbon footprint. This is in line with our proactive and holistic approach towards environmental management and protection for a sustainable future.”
CEO of Keppel Infrastructure, Dr Ong Tiong Guan, said, “By sharing green resources within the Keppel Group, we were able to collectively fulfill the Group’s sustainability aspirations. Keppel Electric will consider rolling this out for other customers with similar aspirations and expand our product offerings.”
Mr Ang Kian Seng, Group Director for Environmental Sustainability at BCA, said, “We applaud Keppel Land’s efforts to reduce the carbon footprint of its office and hope this will inspire other office tenants to do likewise through the BCA Green Mark scheme for Office Interiors. Tenants are usually unable to use roof spaces of the buildings they occupy, so offsite solar power purchase schemes may be useful in helping to accelerate the adoption of renewable energy in Singapore.”
To ensure proper accounting and verification, an independent party, the Solar Energy Research Institute of Singapore (SERIS) at the National University of Singapore, has been appointed to regularly audit the amount of solar energy harnessed from Keppel Infrastructure’s premises as well as the energy consumption of Keppel Land’s corporate office.
The Keppel Group will be exploring the feasibility of offering similar schemes to tenants of Keppel’s office buildings in Singapore.
Keppel Land has set the goal of reducing its carbon emission intensity by 16% below 2010’s emission levels by 2020. This will translate into potential cumulative savings of $12.4 million up to 2020.