CapitaLand Investment’s climate resilience report flags coastal flooding as top risk
![CapitaLand Investment's climate resilience report flags coastal flooding as top risk](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/04/Screenshot-2024-04-02-at-5.34.46-PM.webp)
CapitaLand Investment’s (CLI) inaugural standalone climate resilience report, released on April 1st, highlights coastal flooding as the most significant threat to its global portfolio of over 480 properties across 20 countries. The report, in line with Task Force on Climate-related Financial Disclosures (TCFD) guidelines, underscores CLI’s commitment to climate-related disclosures since 2017.
In its third climate scenario analysis, CLI assessed potential risks under varying temperature increases by 2100, identifying coastal flooding as the predominant concern across all scenarios. Despite existing flood control measures in “most of its properties,” such as flood barriers and sensors, CLI emphasizes continuous updates to flood emergency response plans to enhance resilience.
Transition risks, including regulatory changes and carbon price shifts, also feature prominently in CLI’s analysis. The group’s 2030 Sustainability Master Plan outlines a decarbonization strategy to mitigate such risks.
Vinamra Srivastava, CLI’s chief sustainability and sustainable investments officer, describes the report as the “widest in coverage and deepest in impact assessment thus far,” providing critical insights from a global portfolio level down to individual properties.
CLI’s climate transition plan, updated in 2023, integrates sustainability metrics linked to remuneration policies. New investments undergo Environmental, Health and Safety Impact Assessments (EHSIA) to quantify climate-related risks and opportunities.
Moving forward, CLI aims to reduce Scope 3 carbon emissions, enhance ESG screening of suppliers, and explore sustainable financing tools. Additionally, CLI plans to assess the applicability of new nature-related disclosure guidelines.
CLI’s proactive approach to climate resilience underscores its commitment to sustainability amid evolving environmental challenges.
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