CapitaLand Investment partners with CII-IGBC to boost Net Zero in India
Real Estate

CapitaLand Investment partners with CII-IGBC to boost Net Zero in India

CapitaLand Investment (CLI), a leading global real estate investment manager (REIM), has signed an MoU with the Confederation of Indian Industry (CII) – Indian Green Building Council (IGBC) to further ...

CapitaLand Investment (CLI), a leading global real estate investment manager (REIM), has signed an MoU with the Confederation of Indian Industry (CII) – Indian Green Building Council (IGBC) to further the Net Zero movement in the country. Under the partnership, IGBC will build resource capabilities by training CLI professionals in implementing Net Zero concepts at its properties across India and jointly work towards spreading awareness among industry stakeholders. IGBC will also facilitate CapitaLand assets to achieve Net Zero results in energy and water usage, waste management, and carbon emissions. IGBC has recognised CLI’s upcoming International Tech Park Chennai - Radial Road (ITPC-RR) as the first Net Zero business park in India. The provisional Net Zero certification for ITPC-RR extends across parameters of energy efficiency, water conservation and waste management. Gauri Shankar Nagabhushanam, CEO, India Business Parks, CLI, has said, “Sustainability is a core tenet of CapitaLand Investment’s business, and we integrate it into every stage of our real estate life cycle, from investment to design, development and operations. Our Net Zero commitment in India augments CLI’s commitment to achieving Net Zero emissions by 2050. Together with CII-IGBC, we will strive for our assets to be Net Zero-certified and advance the Net Zero movement in the realty industry.” Dr C Velan, City Head, Business Parks Chennai and Head, India Property Management, CLI, has said, “Innovations in the development process at ITPC-RR to enhance water and energy efficiencies and waste management has enabled us to achieve the Net Zero certification by IGBC. We have also collaborated with like-minded partners to make this possible, and will continue our commitment to roll the certification out to our other assets in the country.”

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