WASTE MANAGEMENT STRATEGY AND PERFORMANCE

The Company continuously invests, innovates, and adopts leading-edge technology such as PPVC to significantly reduce construction waste. As a real estate developer and asset manager, majority of our waste is generated by our contractors and tenants. Waste from both construction sites and managed buildings are disposed of in accordance with local waste regulations.1

We engage NEA-licensed vendors to collect, treat and recycle waste from our managed buildings and construction sites.2 We target to reduce our waste intensity by 8% (from 2016 levels) for office and industrial buildings and 5% (from 2016 levels) for retail buildings by 2030. We also intend to cap the waste intensity from our construction sites at 40 kg/m2 by 2030.

Waste Reduction Performance

In line with the principles of circular economy, our holistic EHS management system framework ensures regular review of our waste minimisation efforts and recycling initiatives across all our properties.

In 2023, general, non-hazardous waste generation remained consistent for corporate office and managed buildings, compared to 2022 due to the stabilisation of office and retail operations.

In the same year, about 565 tonnes of recyclable waste were collected from our managed buildings. Since 2017, we have engaged tenants across all managed buildings to participate in our paper recycling programme. At our retail properties, recycling bins and facilities are provided to encourage the recycling of paper, plastic and metal by shoppers and tenants. In 2023, City Square Mall reported a recycling rate of 22%, which is above the national rate of 11.6% for large malls.3 Out of 511 tonnes of recyclable waste, 6.9 tonnes were attributed to food waste composted.

In 2023, construction waste disposed of at all the Company’s active construction sites amounted to 1,694 tonnes, with a waste intensity of 15.7 kg/m2. This is lower than the waste intensity in 2022 due to greater GFA constructed in 2023.

 

Note:
• Waste intensity figures for the Company’s active construction sites are for incinerated waste
1 General waste is sent to the waste-to-energy incineration plant, where energy is generated. The resulting incinerated ash is then transported to our only landfill, Semakau Island, for disposal
2 The Company generates negligible hazardous waste from our operation
3 The latest publicly available recycling rate for large malls in Singapore between 2021 and 2022 is 11.6% as per NEA reported findings from the 2022 Mandatory Waste Reporting