SINGAPORE, 13 April 2023 – Mapletree Investments (“Mapletree” or “the Group”) further reinforced its economic, social and governance (“ESG”) commitment today with a target to plant at least 100,000 trees by 2030 across its assets, as well as in the communities it operates in. Together with over 120 employees and Board Members from Mapletree and Mapletree Industrial Trust Management Ltd. (“MITM”), Mapletree’s Chairman, Mr Edmund Cheng and Non-Executive Chairman and Director of MITM, Mr Cheah Kim Teck, the Group commemorated its commitment with a tree planting initiative at Mapletree Industrial Trust’s (“MIT”) newest development, Mapletree Hi-Tech Park @ Kallang Way. 

The initiative, Plant a Tree with Mapletree, saw 80 trees being planted within the park and is part of a series of activities that the Group is undertaking in its journey to achieve its Net Zero target by 2050. In the past two years, Mapletree has planted around 3,000 trees across its assets globally.

“Within the overall ESG philosophy of Mapletree, the Net Zero by 2050 target is part of our response to climate change needs. This tree planting initiative is just one of the activities that the Group has embarked on to address the impact of climate change on our business and the environment. We will continue to incorporate sustainability principles across all aspects of our business culture – from our investments, operations, developments, and especially in our people,” said Mr Cheng.

In addition to adopting such nature-based solutions, the Group strives to increase the generation and usage of renewable energy across its portfolio through the installation and harnessing of solar panels across existing assets and developments, and sourcing for alternative forms of sustainable energy. In addition, as a property developer and manager, Mapletree aims to reduce its carbon emissions in the life cycle management of its properties, from utilising sustainable construction materials for new builds to leveraging technology and alternative forms of sustainable energy to optimise energy consumption in buildings.

Mr Cheah said, “Plant a tree with Mapletree is symbolic of our commitment to provide sustainable real estate solutions to our clients. Aside from the positive impact on our carbon footprint and the creation of a greener and more pleasant surrounding for tenants and visitors in the park, the initiative also fosters greater ownership for doing our part for the environment.”

Blocks 161 and 163 in the park have been awarded the Building and Construction Authority (“BCA”) Green Mark Platinum Award. This is also in line with MIT’s efforts in building a climate-resilient portfolio, as it commits to attaining BCA Green Mark (Gold) ratings and higher for its future developments. In FY22/23, solar panels were installed at five MIT property clusters with solar generating capacity of 4,000 kilowatt-peak (“kWp”). MIT will be embarking on the next phase of solar panel installations in Singapore to help achieve its commitment on solar generating capacity of 10,000 kWp by 2030.

Details of Mapletree Hi-Tech Park @ Kallang Way

Please refer to the factsheet appended for more information.

From left to right: Mr Dennis Woon, Group Chief Development Officer, Mapletree; Mr Edmund Cheng, Chairman, Mapletree; Mr Hiew Yoon Khong, Group Chief Executive Officer, Mapletree; Ms Chan Chia Lin, Independent Non-Executive Director of MITM.

From left to right: Mr Cheah Kim Teck, Non-Executive Chairman and Director of MITM; Ms Ler Lily, Chief Financial Officer of MITM; Mr Tham Kuo Wei, Chief Executive Officer of MITM; Mr Pok Soy Yoong, Independent Non-Executive Director of MITM.

Dr Andrew Lee, Independent Non-Executive Director of MITM (left) and Mr Wan Kwong Weng, Group Chief Corporate Officer, Mapletree (right) with staff.

Mr William Toh, Independent Non-Executive Director of MITM (third from left) and Mr Chua Tiow Chye, Deputy Group Chief Executive Officer, Mapletree (second from right) with staff.

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