Net Zero Roadmap
Mapletree aligns with the Paris Agreement to limit global warming to 1.5°C above pre-industrial levels. In FY22/23, we set a target to reach net zero emissions by 2050 and unveiled our “net zero by 2050” roadmap, which serves as a guiding framework for the organisation to achieve net zero emissions by 2050.
Lay the Foundation
Implement an environmental data management system and track carbon emissions
Establish carbon baseline
Roll-out sustainability policies that span across real estate value chain
Carry out climate risk assessment on portfolio assets
Lay the Foundation
Implement an environmental data management system and track carbon emissions
Establish carbon baseline
Roll-out sustainability policies that span across real estate value chain
Carry out climate risk assessment on portfolio assets
Refine Sustainability Disclosures
Broaden coverage of sustainability and climate reporting and GRESB submission
Benchmark our performance through GRESB and UN PRI
Refine Sustainability Disclosures
Broaden coverage of sustainability and climate reporting and GRESB submission
Benchmark our performance through GRESB and UN PRI
Enhance Stakeholder Engagement on ESG
Train employees
Engage tenants, investors and suppliers
Enhance Stakeholder Engagement on ESG
Train employees
Engage tenants, investors and suppliers
Formulate Decarbonisation Pathway and De-risk Portfolio
Set intermediate net zero targets
Conduct quantitative climate risk assessment
Formulate Decarbonisation Pathway and De-risk Portfolio
Set intermediate net zero targets
Conduct quantitative climate risk assessment
Leverage Decarbonisation Levers
Improve asset performance (energy efficiency)
Install rooftop solar systems
Procure renewable energy
Introduce embodied carbon framework
Launch supplier code of conduct
Leverage Decarbonisation Levers
Improve asset performance (energy efficiency)
Install rooftop solar systems
Procure renewable energy
Introduce embodied carbon framework
Launch supplier code of conduct
Compensate and Neutralise
Invest in nature-based solutions
Procure carbon credits for residual emissions
Compensate and Neutralise
Invest in nature-based solutions
Procure carbon credits for residual emissions
Our Progress
Decarbonising the entire value chain is a long and demanding task that requires sustained and collaborative efforts from both internal and external stakeholders. Mapletree remains dedicated to embedding sustainability into its practices across all fronts – from investment to development and operations.
Environmental Data Management System
Mapletree completed the implementation of an environmental data management system across the Group. The system plays a crucial role in facilitating the tracking of carbon emissions-related data across various asset portfolios. With over 200 related data points collected and analysed for all its properties, Mapletree is able to derive insights for improving the efficiency in its operations, quantify progress and maintain accountability. The system is used to streamline the carbon baselining process while aiding the setting of near-term decarbonisation targets and strategies.
Green Energy Supply
Mapletree continues to place strong emphasis on increasing the use of renewable energy across its assets. This is achieved through the installation of rooftop solar panels and the procurement of renewable energy for its operational consumption. As at 31 March 2025, Mapletree has achieved a total installed solar capacity of 150 megawatt peak (MWp) and aims to achieve 200 MWp by 2030. Notably, some of its asset portfolios have achieved great milestones in carbon neutrality for Scope 2 emissions, owing to the significant use of renewable energy such as Logistics in China and Hong Kong SAR (100%), Commercial in the UK and Europe (83%), Student Housing in the UK (54%) and Logistics in Singapore (60%).
150 MWp of cumulative installed capacity
from solar photovoltaic panels as of FY24/25
128 GWh of renewable electricity generated
from Mapletree assets- 17% of landlord electricity consumption was derived from renewable sources
Embodied Carbon Framework
Our Group Development Management team started tracking the embodied carbon data for projects under development since FY22/23. Acknowledging the complexity of covering all materials and activities throughout the construction stage, we prioritise key areas with the highest contribution to the overall embodied carbon footprint of our developments. We focus specifically on concrete, reinforcement bars, and structural steel, which are major components of building substructures and superstructures.
As part of our sustainable development policy all new developments will have to be assessed thoroughly at the design stage to include consideration of 11 sustainability aspects. We continuously explore alternative low-carbon materials and innovative solutions for trial in new developments, aligning with our goal to reduce embodied carbon emissions intensity by 30% by 2030 and achieve net zero by 2050.
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