SINGAPORE - Property giant Keppel Land is another local business heavyweight to go green with the firm's corporate headquarters making a pioneer use of renewable energy.
Its solar-powered offices in Bugis Junction Tower are now fully powered by renewable energy generated offsite - the first time a Green Mark-certified office here has reached this milestone.
Green Mark certifications are handed out by the Building and Construction Authority to buildings that meet the criteria for environmental impact and performance.
Keppel Land chief executive Ang Wee Gee said it collaborates with other units under parent company Keppel Group to further its push into renewables.
Keppel Land buys renewable energy that Keppel Electric generates from photovoltaic panels.
The offsite solar purchase scheme is expected to offset about 150,000 kg of carbon emissions annually, noted Mr Ang in the firm's 2016 Sustainability Report that it is releasing today.
Keppel Land has been active in trying to develop sustainable office buildings.
Its Ocean Financial Centre development was the first one in the central business district to attain the BCA Green Mark Platinum award in 2008, the highest rating in the Green Mark certification.
The firm also came third last year among developers worldwide in the Global Real Estate Sustainability Benchmark, which was created by a group of investors to assess the environmental, social and governance of real estate firms.
Keppel Land reduced its carbon emissions intensity by 16.5 per cent last year compared with 2010. This is ahead of its target to reduce emissions intensity by 16 per cent below 2010's levels by 2020. The company said it will be setting new targets and will share these in due course.