Biodiversity / Natural Capital The real estate sector is deeply interconnected with biodiversity, relying on essential ecosystem services such as clean air and water, climate moderation, and resilience against natural disaster. However, real estate development often results in habitat fragmentation, resource overexploitation, spread of invasive species, and pollution, all of which contribute to biodiversity loss and exacerbate climate change. CLAR acknowledges the critical need to preserve the core ecological functions of habitats and safeguard the biodiversity they sustain. Throughout every stage of the real estate life cycle, CLAR prioritises sustainable resource management to minimise its environmental and biodiversity impacts. CLAR consistently monitors its environmental performance across key areas, including climate change, energy, water, and waste. Since FY 2020, all new investments, developments, and redevelopments undergo a thorough due diligence process, which incorporates an assessment of biodiversity impacts, risks, and opportunities as part of the ESIA. Guided by the findings of these due diligence processes, CLAR actively works to establish, improve, and preserve ecosystems both within its development sites and in surrounding areas. This commitment aims to contribute to biodiversity conservation, enhance the quality of life, and foster more sustainable and resilient developments. As part of Geneco’s Forest of Prosperity Campaign38, used and excess red packets were collected and will be given a second life of purpose. Participating properties each had recycle bins placed for tenants and public to deposit their used red packets as part of the sustainability recycling initiative. More than 1,000 kg of used red packets were collected from participating CapitaLand retail and workspace properties. Out of which, CLAR properties collected: 40 kg of used red packets from Aperia 24 kg of used red packets from Galaxis CLAR’s Endeavours and Initiatives Building Portfolio Resilience and Resource Efficiency 38 Forest of Prosperity campaign is a sustainability initiative organised by Geneco (Seraya Energy’s retail energy brand, an electricity service provider in Singapore and part of the YTL Group, an integrated infrastructure developer based in Malaysia), promoting environmental stewardship and community engagement through activities such as tree planting and recycling programmes. CapitaLand Ascendas REIT 28
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