Green Energy Supply

We have placed a strong emphasis on increasing the utilisation of renewable energy within our portfolio. We are achieving this through the installation of rooftop solar panels and the procurement of renewable energy for our operational consumption.

• 122 MWp of cumulative installed capacity of solar photovoltaic as of FY23/24
• 71 GWh of renewable energy generated from Mapletree properties
• 10% of landlord electricity consumption was derived from renewable sources

Europe and the United Kingdom

• 100% green energy in our commercial and student housing assets in Europe and the UK, and 56% for our logistics properties. The green energy supplied includes solar, wind, hydro or a combination of these.
• In FY23/24, Mapletree conducted on-site analyses of solar PV deployments in France and assessed the corporate power purchase agreement (CPPA) opportunities in Poland market, which will help us better understand our solar strategy in these markets.

India

• Approximately 87% and 20% landlord electricity in Global Technology Park and Global Infocity Park Chennai, respectively, are powered by solar energy supplied through on-site solar generation and on-grid solar power purchase.
• Rooftop solar panels with a generating capacity of 0.8 MWp were installed at commercial assets in India.

Japan

• Rooftop solar panels were installed at 14 logistics assets, doubling cumulative generating capacity to 17 MWp in FY23/24.
• mBAY POINT Makuhari signed a bundled Power Purchase Agreement (PPA), and approximately 2,233 MWh of renewable energy certificates were procured and retired.

China

• China is currently the largest solar photovoltaic installation market in Mapletree.
• Thirty-four assets now feature rooftop solar panels, collectively contributing to an installed capacity of 77 MWp , which represents 64% of Mapletree installed capacity.
• Sandhill Plaza in Shanghai has successfully integrated eight sets of wind turbines on streetlights, with approximately 2,000 kWh of wind energy generated per year since FY22/23.
• Approximately 9,602 MWh of RECs were registered and retired by six assets from MLT.

Singapore

• Rooftop solar panels with a cumulative installed capacity of 23 MWp were installed at our logistics, industrial and commercial assets in Singapore, which is equivalent to powering approximately 5,700 four-room Housing and Development Board flats in one year.
• Notably, we have implemented measures to ensure that any surplus renewable energy generated is maximised in its utilisation. Any excess may potentially be channelled across the Group in the form of a renewable energy credit, further reinforcing our dedication to sustainability and responsible energy management. Approximately 5,660 MWh of RECs were registered and retired by five MLT assets during the pilot project in FY23/24.

Australia

• Rooftop solar panels were installed at four logistics assets with a cumulative installed capacity of 0.9 MWp.

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.