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Singapore, 4 February 2021 – CapitaLand’s inaugural CapitaLand Sustainability X Problem (CSXC) that was launched in November 2020 has secured over 270 entries from greater than 25 nations up to now. Given the overwhelming response, the deadline for submissions is prolonged to 17 February 2021. The CSXC will provide winners and finalists entry to its companions’ international innovation programmes, the place they get to attach with potential buyers and enterprise companions, obtain knowledgeable recommendation and be uncovered to potential enterprise alternatives to speed up the expansion of their companies.
Winners may also have the possibility to showcase their improvements to senior international enterprise leaders, buyers and policymakers on the annual Ecosperity Week[1] organised by Temasek, a lead associate of the CSXC. This provides to the S$50,000 prize to fund their tasks, entry to CapitaLand’s enterprise leaders and an unique alternative to pilot and implement improvements at chosen CapitaLand properties in over 220 cities and over 30 nations.
Since its launch, the CSXC’s international name for sustainability innovation throughout the constructed surroundings has garnered assist from over 50 companions. CSXC’s worldwide companions vary from authorities businesses to the enterprise group, trade specialists, enterprise capitalists, monetary establishments in addition to institutes of upper studying.
Senior leaders from CSXC’s strategic companions, Taronga Ventures, Bain & Firm, Entry Cities, Luminaries Lab, Planet Rise and Wavemaker Companions will be a part of CapitaLand enterprise leaders in offering mentorship and training for the finalists, and dealing with them on their enterprise positioning within the lead as much as the Grand Finale of the CSXC in Might 2021. Companions resembling Rocky Mountain Institute and the Constructing and Development Authority of Singapore will provide their technical experience within the evaluation and shortlist of submissions obtained. For the complete record of companions, please see Annex A.
“We’re enthusiastic about accelerating the fixing of sustainability challenges within the constructed surroundings by means of innovation and collaboration. The CSXC is the primary sustainability-focused innovation problem by a Singapore actual property firm on a world scale. It provides people and corporations alternatives to testbed and operationalise their sustainability improvements in CapitaLand’s properties throughout greater than 220 cities in over 30 cities. By means of our worldwide community, we’re additionally connecting the winners and finalists with main firms and specialists in sustainability. We’re grateful for the assist of our companions. As a lead associate, Temasek’s experience and sources will open extra doorways for the winners and finalists of the CSXC. Our individuals may also have the uncommon alternative to realize insights, be taught from the expertise and even faucet into the sources of our knowledgeable companions, fostering an lively group of like-minded sustainability changemakers. We stay up for receiving extra impactful and scalable improvements from internationally.”
– Ms Lynette Leong, Chief Sustainability Officer for CapitaLand Group
Dr Steve Howard, Chief Sustainability Officer for Temasek mentioned: “To mitigate the affect of local weather change, we’d like pressing and radical decarbonisation. The constructed surroundings contributes near 40% of world carbon emissions and is a key a part of the puzzle. Trade and authorities should work collectively to basically rethink the best way buildings are designed, constructed and operated with a purpose to significantly scale back carbon emissions. As a long-term investor dedicated to the United Nations Sustainable Improvement Objectives, we’re delighted to associate CapitaLand to catalyse and assist improvements to decarbonise the constructed surroundings by means of the CapitaLand Sustainability X Problem, and assist meet their sustainability targets.”
Mr Jonathan Hannam, Managing Companion at Taronga Ventures mentioned: “We’re delighted to associate with CapitaLand on main this important sustainability problem. As a enterprise funding agency backed by institutional capital, we’re targeted on supporting rising know-how firms that drive sustainability throughout the true property sector. We hope to see some very compelling options surfaced by means of this problem.”
Be a part of the CSXC earlier than 17 February 2021 at www.capitalandsustainabilityxchallenge.com
The CSXC has attracted the participation of greater than 270 innovators and organisations from over 25 nations, searching for to create a extra sustainable constructed surroundings. Individuals can be a part of the CSXC by submitting their proposed innovation to deal with any of the seven problem statements developed by CapitaLand to satisfy its international sustainability and enterprise wants. For extra data on the problem statements, please see Annex B.
From the submissions obtained, six finalists will probably be shortlisted to endure a training and mentorship programme, culminating in a Grand Finale the place winners will probably be chosen for 2 awards, the ‘Excessive Impression Award’ and the ‘Most Modern Award’.
The tasks will probably be assessed primarily based on their affect, potential outcomes, and depth of innovation. They need to even be scalable and successfully deployed throughout the geographies that CapitaLand operates in and throughout its various asset sorts.
The CSXC is part of CapitaLand’s 2030 Sustainability Grasp Plan which particulars the Group’s sustainability methods and targets over the subsequent 10 years. For extra data on CapitaLand’s Sustainability Grasp Plan, please go to: www.capitaland.com/sustainability.html.
[1] The annual Ecosperity Week is one among Temasek’s key engagement platforms to foster dialogue and catalyse progressive options for sustainability points. The Week gathers international enterprise leaders, policymakers, buyers, entrepreneurs and lecturers to change views and share finest practices on sustainable growth in addition to to drive motion for a clear and inexperienced future.
Annex A – Record of companions for the CapitaLand Sustainability X Problem
Lead Companion:
Temasek
Strategic Companions:
Taronga Ventures
Bain & Firm
Entry Cities
HSBC
Luminaries Lab
Planet Rise
Wavemakers Companions
Choice Panel Companions:
ASEAN Federation of Engineering Organisations
Constructing and Development Authority (BCA)
Establishment of Engineers, Singapore (IES)
Mott MacDonald
Nationwide Atmosphere Company (NEA)
Rocky Mountain Institute
Tsinghua x-lab
Outreach Companions:
Accelerating Progress of New India’s Improvements (AGNIi)
Anthill Ventures
APAC Startup Ecosystem Neighborhood (ASEC)
Asian Enterprise Philanthropy Community (AVPN)
Bridge+
Centre of Habitable Cities (CLC)
CEMEX Ventures
Round Cities Asia
Round Economic system Membership (CEC) Singapore
ClimateLaunchpad
EcoLabs Centre of Innovation for Power
ENGIE Manufacturing facility
Enterprise Singapore
German Entrepreneurship Asia
World Compact Community Singapore
World Inexperienced Join
World City Village
GoMassive Earth Community
Golden Gate Ventures
Impression Hub
InnoSpace
IPI Singapore
Japan Exterior Commerce Group (JETRO)
LEVEL3
New Power Nexus
Nordic Innovation Home, Singapore
Padang & Co
Reneum Institute
SGInnovate
Singapore Inexperienced Constructing Council (SGBC)
Photo voltaic Impulse Basis
Startup India
Tech For Impression
TechNode World
The Royal Danish Embassy in Singapore
The Work Venture
United Kingdom Division for Worldwide Commerce
Annex B – The seven problem statements of the CapitaLand Sustainability X Problem
Theme 1: Low carbon transition
1) How would possibly we obtain onsite clear power options for present buildings?
2) How would possibly we obtain important discount in power consumption for present buildings?
As a part of its Sustainability Grasp Plan, CapitaLand has set bold carbon discount targets which embody a 78%[2] discount in carbon emissions depth by 2030. CapitaLand additionally seeks to cut back its power consumption depth at its working properties by 35%[3] and improve the proportion of whole electrical energy consumption from renewable sources to 35% by 2030. CapitaLand additionally goals to inexperienced its total international portfolio by 2030.
To attain these targets, CapitaLand is searching for onsite clear power improvements to achieve important discount in carbon emissions whereas presenting a powerful case on effectivity, effectiveness, and industrial viability. The improvements needs to be appropriate for deployment inside a restricted house at CapitaLand’s present properties. CapitaLand additionally seeks improvements and applied sciences to attempt in the direction of super-low power use with out compromising on occupant expertise. Outcomes needs to be measurable and obtain past the best rankings in inexperienced constructing requirements throughout the globe.
Theme 2: Water conservation and resilience
3) How can we undertake new methods of managing water in present properties with a purpose to detect abnormalities within the water utilization sample and/or leakages?
4) How would possibly we scale back potable water utilization in present buildings with water harvesting and/or recycling strategies?
CapitaLand has raised its water consumption depth discount goal to 45%2 for its working properties in its Sustainability Grasp Plan. To enhance water effectivity and scale back water wastage at CapitaLand’s properties, the problem seeks improvements that may precisely detect and diagnose irregular water utilization and supply leak prevention options in an economical method. CapitaLand can also be exploring the deployment of progressive options to reap and/or recycle various sources of water (e.g. rainwater, greywater) whereas making an allowance for the present infrastructure of the constructing.
Theme 3: Waste administration and the round financial system
5) How would possibly we higher segregate waste at supply for recycling or remedy?
6) What’s a viable round financial answer that CapitaLand can introduce to handle sources and waste throughout CapitaLand properties and building websites?
Within the Sustainability Grasp Plan, CapitaLand additionally goals to realize a 25% recycling fee at its working properties and to divert 75% of its building waste away from the landfill. CapitaLand seeks to discover new options and applied sciences that may be deployed to reshape client behaviour and incentivise waste segregation for simpler recycling or remedy. CapitaLand additionally seeks improvements for circularity to cut back stress on the surroundings, enhance safety of uncooked supplies provide and ship long-term financial worth.
Theme 4: Wholesome and protected buildings
7) How would possibly we enhance indoor air high quality (IAQ) to boost wellness of customers in our present buildings?
The well-being of workers, residents, consumers, tenants and the general public at CapitaLand’s properties is a key precedence. With latest challenges resembling COVID-19, haze and air air pollution, the significance of air high quality has come to the fore. Deploying know-how to enhance IAQ on a big scale, in addition to monitoring IAQ knowledge and measuring its advantages can be important. CapitaLand seeks scalable, cost-efficient and low-carbon options to scrub, monitor and handle the indoor air high quality precisely and effectively.
[2] Targets are relative to 2008 as a baseline.
[3] For operational properties on the finish of 2019. Excludes properties from the previous Ascendas-Singbridge.
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