The Keppel Land Group has a long standing commitment to high environmental, social and governance standards. We firmly believe that what we do must have a positive impact on our stakeholders, including society at large. The Company’s efforts in sustainability were acknowledged at various platforms in recent months.
SINGAPORE APEX CSR AWARDS
Keppel Land took top honours in the Large Organisations category at the inaugural Singapore Apex CSR Awards held on 25 August 2015.
The Awards are co-organised by Global Compact Network Singapore, Singapore Business Federation and The Business Times, and honours Singaporean companies that exhibit the highest levels of CSR excellence. It also provides a benchmark for other companies aspiring to improve on their sustainability practices.
Mr Ang Wee Gee, CEO of Keppel Land, said, “Global momentum is gathering for both public and private sectors to address pressing challenges such as urbanisation and climate change. Businesses have an important role to play in tackling these challenges by viewing them as opportunities to make a positive impact.
“Through our unwavering focus on corporate governance, adoption of best practices, giving back to communities, and greening our properties, we do our part in shaping the future for tomorrow’s generation.”
GLOBAL REAL ESTATE SUSTAINABILITY BENCHMARK
Keppel REIT topped the internationally-recognised Global Real Estate Sustainability Benchmark (GRESB) 2015, ranking first in Asia across all diversified entities and sectors, first in Asia among listed real estate companies as well as first among entities listed in the Asia Pacific Real Estate Composite Indices.
This is the second consecutive year that Keppel REIT has been assessed and ranked against real estate industry players in Asia and globally. It is the first REIT in Asia to maintain its pole position as the regional leader for the office sector in Asia for two consecutive years. It is also among the top three globally for the office sector as well as across all diversified entities and sectors.
Ms Ng Hsueh Ling, CEO of Keppel REIT Management, the Manager of Keppel REIT, said, “At Keppel REIT, we recognise that sustainability makes good business sense. The results are testament to our proactive efforts towards achieving excellence in sustainability.
“We believe that Keppel REIT can achieve positive and sustainable outcomes for our business, the environment and the community at large.
“Our commitment towards greater environmental, social and governance disclosures will go a long way in supporting investors, especially socially responsible funds in their investment decisions.”
Exemplifying its commitment to make a positive impact to the environment, the tri-generation plant at Keppel REIT’s 8 Chifley Square in Sydney, Australia, was highlighted by GRESB as a showcase of green innovation.
At the same time, the follow-on fund by Alpha Investment Partners’ Asia Macro Trends Fund (AAMTF) has been ranked fifth out of 11 entities in Asia in the diversified sector. AAMTF II has also been awarded the ‘Green Stars’ status, an improvement from its previous ‘Green Walk’ status in 2014. AAMTF I was awarded the ‘Green Stars’ status last year.
This is based on the GRESB Quadrant Model where companies are scored against their peers and rated either ‘Green Starters’, ‘Green Walk’, ‘Green Talk’, or ‘Green Stars’.
The GRESB survey this year saw submissions from a total of 707 listed and unlisted property companies and private equity real estate funds in Asia and globally. GRESB assesses companies on their integrated organisational approach and performance in environmental measurement and management.
SPURRING GREEN INNOVATIONS
Keppel Land displayed its continued support of initiatives to green the built environment by coming in as a Gold Sponsor of the International Green Building Conference (IGBC) held at Marina Bay Sands. The Company has been a strong supporter of the Conference since 2011.
Organised by the Building and Construction Authority of Singapore (BCA), the conference, held from 2 to 4 September 2015, saw over 1,000 participants from over 30 countries convene to share best practices on greening the built environment.
As a proponent of environmental education, Keppel Land also supported the Building Energy Efficiency Solutions Students’ Competition as a Platinum Sponsor. The competition aimed to challenge students to think of energy efficient solutions for the built environment. Keppel Bay Towers and Marina Bay Financial Centre Towers One and Two were case studies for the competition.
Said Mr Tan Swee Yiow, President (Singapore) of Keppel Land, “At Keppel Land, we strive to positively impact and contribute to communities wherever we operate. A competition like this is a good platform for us to nurture our younger generation and spur them on to produce innovative solutions for the building industry.”
Raffles Quay Asset Management, the property manager for Marina Bay Financial Centre and One Raffles Quay, was also a sponsor of the competition.
For his consistent and significant contributions towards a sustainable built environment, Mr Paul Lau, GM of Projects (Singapore) at Keppel Land, was awarded the Green Building Individual Commendation Award.
Organised by the BCA and the Singapore Green Building Council (SGBC), the awards seek to motivate the green workforce to constantly challenge themselves to develop innovative solutions for the green building sector.
On his win, Mr Lau shared, “I am humbled to receive this accolade. It certainly encourages me to spread greater awareness of the green building movement in Singapore.”
WATER AND ENERGY EFFICIENT BUILDINGS
Ocean Financial Centre and Marina Bay Financial Centre were among six buildings to be awarded the Water Efficient Building (Gold) certification by the PUB on 2 October 2015. Bugis Junction Towers received the Silver certification.
Mr Toh Wah San, Executive Vice President, Asset Management, Keppel REIT Management, said, “We recognise that sustainability makes good business sense.
“In keeping with our proactive approach towards environmental management and protection, we spare no effort in incorporating sustainable initiatives in our properties, where feasible. The certifications from PUB are testament to our efforts and will spur us in our sustainability journey.”
An eco-icon, Ocean Financial Centre features a myriad of sustainable and innovative green applications. These include the harvesting of rainwater for irrigation of rooftop gardens, recycling of condensate water for the cooling tower and the use of water-efficient tap fittings, all of which contribute towards overall savings of 42 million litres of water annually, which can fill 17 Olympic-sized swimming pools.
The building also boasts one of the world’s largest vertical green walls, the size of which is equivalent to eight tennis courts. The green wall features an automatic drip irrigation system to ensure minimal maintenance.
At the Marina Bay Financial Centre integrated development, which Keppel REIT co-owns, the management ensures efficient water usage with advanced water-leak detection and monitoring systems. Technical staff are trained to monitor water consumption and analyse the data collected. Tenants are also educated on water saving measures through circulars and seminars conducted by water efficiency management consultants.
Separately, Ocean Financial Centre was lauded for its efficient energy management practices at the ASEAN Energy Awards 2015, held in conjunction with the 33rd ASEAN Ministers on Energy Meeting in Kuala Lumpur, Malaysia, on 6 October 2015. The building was named the winner in the Large Green Building category.
The annual awards aim to promote regional cooperation on projects relating to energy efficiency and sustainability.
GREENING BEDOK TOWN PARK
Keppel Land staff took part in a tree-planting activity organised by BCA on 4 September 2015 as part of the events surrounding the IGBC.
Over 90 participants took part in the event, which saw staff and management of BCA, SGBC and the Green Mark Advisory Committee plant saplings at Bedok Town Park.