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CapitaLand Investment Further Increases Focus on Reducing Scope 3 Carbon Emissions as Part of its Decarbonisation Journey

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CLI continues to intensify efforts to reduce Scope 1 and 2 emissions through on-ground actions and innovation 

SINGAPORE, June 15, 2024 /PRNewswire/ — CapitaLand Investment Limited (CLI) has incorporated three new Scope 3 categories deemed material to its operations – Purchased goods and operations, Fuel- and energy-related activities, and Upstream transportation and distribution – and expanded the scope of the Capital goods category following the latest review of its full inventory of Scope 3 emissions, emissions hotspots and key decarbonisation levers across its value chain, as detailed in its 15th Global Sustainability Report. CLI also bolstered its reporting in existing categories, such as tenant consumption, enabling improved initiatives with tenants and the supply chains. The widened scope reaffirms CLI’s commitment to action on its sustainability targets and a focused execution progress charted by its 2030 Sustainability Master Plan (SMP).

Mr Vinamra Srivastava, CLI’s Chief Sustainability and Sustainable Investments Officer, said: “Tightening our focus on Scope 3 emissions is crucial because they account for the majority of CLI’s total greenhouse gas emissions. With tenant emissions being the largest contributor to Scope 3, we are pleased that we have increased green leases with tenants in China and Singapore to 57% as at end Dec 2023 from 43% a year ago, and we’ll continue to do so globally.  We are stepping up collaboration with tenants and working to strengthen our supply chain management through various initiatives such as piloting sustainable building innovations crowdsourced from our global CapitaLand Sustainability X Challenge (CSXC) and deploying a series of environmental, social and governance (ESG)-related capability-building programmes for selected critical suppliers in a third-party due diligence ESG check we commissioned.  In 2023, upon completion of the programme, these supply chain vendors achieved an improved ESG score.  Our continuous focus on sustainability through on-the-ground actions and reporting addresses our vision of being the preferred global real asset manager creating sustainable positive impact.”

Intensified efforts to reduce Scope 1 and 2 emissions

In addition to expanding its Scope 3 emissions disclosures, the report highlights its progress in reducing its Scope 1 and 2 emissions intensity and managing climate-related risks as it strives towards its Net Zero targets.  It expanded its renewable energy deployment by commissioning its first captive 21-megawatt solar power plant in Tamil Nadu, India, to power its assets there.  The expanded use of green energy to 44 properties in Singapore, China, India, Australia, Belgium, Germany, India, Japan, Indonesia and the United Kingdom, as well as ten business parks in India, also mitigated a total of 41,000 tonnes of carbon emissions, equivalent to the annual emissions of over 8,900 petrol-powered cars. CLI will continue to scale up its renewable procurement efforts, further advancing its transition to clean energy sources and reducing the carbon footprint of its assets.

Through asset enhancement initiatives (AEIs), CLI achieved a 13.4% energy intensity reduction against 2019 despite a growing portfolio.  With 60% of buildings in its global portfolio attaining green ratings in 2023, CLI targets to achieve 100% certification by 2030.  Furthermore, 46% of CLI’s properties were certified LEED Gold and above or equivalent.

Earlier this year, CLI also published its first Climate Resilience Report based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The report incorporates a climate scenario analysis of 480 properties across 20 countries and various asset classes, emphasising CLI’s recognition and transparency regarding the urgency of climate action.

Innovation as a key lever in the decarbonisation journey

In 2023, CLI partnered with tenants for the first time to testbed innovations from its CSXC at their premises.  CSXC has seen more pilots focusing on reducing energy and water consumption.  Ten shortlisted innovations from CSXC 2023 are being piloted in four countries, bringing the total tally to 30 innovations across seven countries since 2021.  Initiatives such as the CSXC and the CapitaLand Innovation Fund (CIF) demonstrate how innovation and sustainability partnerships play a key role in CLI’s decarbonisation journey.

Leadership in fund management and sustainable finance

As CLI pivots towards global real asset management, it is committed to integrating ESG considerations into every stage of its fund management lifecycle.  Guided by the 2030 SMP, CLI develops customised ESG strategies that ensure funds adhere to the highest standards of responsible investing—from fund product development to capital raising, investments, asset management and exits. CLI conducts a comprehensive Environment, Health, and Safety (EHS) Impact Assessment for every new investment to ensure sufficient capital expenditure is allocated to the identified asset to attain the desired ESG outcomes.

CLI aims to be a leader in sustainable finance, which is made possible through valued strategic partnerships with financial partners.  In 2023, CLI and its listed real estate investment trusts (REITs) and business trusts secured S$4.5 billion in sustainable finance, bringing the total to S$16.1 billion since 2018.  Interest savings from sustainability-linked loans were channelled back into decarbonisation investments.

CLI’s carbon mitigation efforts recognised by leading global indices

Through strategic initiatives aimed at reducing its carbon footprint across its operations, implementing innovative solutions, and embracing renewable energy sources, CLI has significantly mitigated its environmental impact while enhancing operational efficiency.  These proactive measures, alongside efforts taken to publish robust reports detailing actions and findings, have earned CapitaLand recognition in prestigious global sustainability indices such as the Dow Jones Sustainability World Index for the 12th year and achieved a five-star rating from GRESB Real Estate Assessment for eight years. Such inclusion underscores CLI’s dedication to environmental stewardship and reinforces its position as a frontrunner in the sustainable real asset management sector.

About CapitaLand Investment Limited (www.capitalandinvest.com)

Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real asset manager with a strong Asia foothold. As at 31 March 2024, CLI had S$134 billion of assets under management as well as S$100 billion of funds under management (FUM) held via six listed real estate investment trusts and business trusts, and more than 30 private vehicles across Asia Pacific, Europe and USA.  Its diversified real estate asset classes cover retail, office, lodging, business parks, industrial, logistics, self-storage and data centres.

CLI aims to scale its FUM and fee-related earnings through fund management, lodging management and commercial management, and maintain effective capital management. As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand’s development arm. 

As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for Scope 1 and 2 by 2050.  CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.

Follow @CapitaLand on social media

Facebook: @capitaland / facebook.com/capitaland
Instagram: @capitaland / instagram.com/capitaland
Twitter: @capitaLand / twitter.com/capitaland
LinkedIn: linkedin.com/company/capitaland-limited
YouTube: youtube.com/capitaland  

Issued by:      CapitaLand Investment Limited (Co.  Regn.: 200308451M)

Important Notice

This announcement and the information contained herein does not constitute and is not intended to constitute an offering of any investment product to, or solicitation of, investors in any jurisdiction where such offering or solicitation would not be permitted.

 

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SOURCE CapitaLand Investment Limited

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Validation Institute Announces New VI GPT Tool to Enhance Transparency for Benefits Buyers and Solution Providers

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January 15, 2025

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Powered by OpenAI GPT-4o, VI GPT easily answers questions on services proven to improve health outcomes, savings, and more.

NEEDHAM, Mass., Jan. 15, 2025 /PRNewswire-PRWeb/ — Validation Institute, the definitive organization for independently validating the health outcomes and savings claims of healthcare solution providers, announced a new innovation aimed at saving time and money: VI GPT.

“VI GPT makes it easy for benefits buyers to ask questions that help them make more informed purchasing decisions,” said Craig Sharpe, CEO of Validation Institute. “Whether a benefits buyer or solution provider wants to know more about what validation entails, which solutions are validated by category, or something more detailed—like a musculoskeletal (MSK) or Pharmacy Benefit Management (PBM) buyer’s guide—VI GPT provides answers in seconds,” Mr. Sharpe continued.

VI GPT is the latest addition to Validation Institute’s portfolio of services, accelerating the move toward high-performance, high-value healthcare. Powered by OpenAI GPT-4o, VI GPT allows users to explore validated solutions, guides, certifications, and other valuable resources from the Institute—all designed to drive transparency.

Having verified the performance claims of more than 140 solutions spanning 80+ companies, Validation Institute connects benefits teams with healthcare solutions that are independently proven to deliver on their claims. More information on VI GPT can be found at https://validationinstitute.com/vi-gpt/.

About Validation Institute
Validation Institute provides unbiased, data-driven insights on healthcare solutions and services by validating performance claims made by healthcare solution providers and educating purchasers to drive transparency in the marketplace and maximize cost savings. Learn more at https://www.validationinstitute.com.

Media Contact
Sean Edwards, Validation Institute, 781-939-2618, sean.edwards@validationinstitute.com, https://validationinstitute.com/vi-gpt/

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SOURCE Validation Institute

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The DDC Group Announces Partnership with Intelligent Business Automation Experts, EvoluteIQ

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January 15, 2025

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The DDC Group names EvoluteIQ as new strategic partner, focusing on the future of artificial intelligence and automated business processes.

EVERGREEN, Colo., Jan. 15, 2025 /PRNewswire/ — The DDC Group, a pioneer in data solutions and leading provider in business process outsourcing (BPO) and technology, is pleased to announce a strategic partnership with GenAI-powered Intelligent Business Automation platform EvoluteIQ. This partnership focuses on the future of artificial intelligence and machine learning to reshape business operations, drive scalable growth, and elevate performance for companies spanning all industries worldwide.

The immediate solution-solving ability of this partnership brings heightened opportunity for customer success.

The DDC Group, renowned for its technology and outsourcing solutions across the Shipping & Logistics, Energy & Utilities, and Retail & E-Commerce sectors – and expanding into BFSI and Healthcare in 2025– aims to drive innovation by optimizing its own development engine, resulting in enhanced delivery of existing and new products and services.

While the world of automation and artificial intelligence is quickly becoming a competitive standard for top-performing companies, the ability to effectively implement the full power of this technology to provide performance-driven results remains largely untapped.

“We’re excited to bring the power of true, Intelligent Business Automation, to our customers,” said The DDC Group’s Chief Executive Officer, Nimesh Akhauri. “This partnership aligns with our efforts to push boundaries and dedication to delivering cutting-edge solutions that transform how businesses operate.”

The DDC Group will utilize the strength of EvoluteIQ’s automation platform and tools to bring compelling results to its areas of industry expertise. The subject matter expertise The DDC Group holds for its customers bridges the gap between technology’s ability and applicability.

With efficiency and optimization at the forefront, automation influences future stages, producing technology that can think for itself. These synergies allow The DDC Group and EvoluteIQ to execute product and service development with key findings and customization for users.

“We are very excited to be part of the transformation strategy of The DDC Group. This partnership represents a significant step forward in redefining business processes that are underpinned by GenAI-powered automation,” said the Co-Founder and CEO of EvoluteIQ, Sameet Gupte. “This combination of EvoluteIQ’s AI-enabled technology and The DDC Group’s deep domain expertise and proven experience will enable organizations to achieve their operational goals with greater agility and precision.”

The scope of EvoluteIQ’s platform within the DDC ecosystem will reduce wait times in development for customers interested in piloting DDC’s technology, as well as streamline enhancements to existing services. Creating a high-performance rate in the balance of speed and scale, this new platform will serve as a part of the transformational journey of The DDC Group while also delivering transformation to clients and partners.

“We aim to empower organizations across industries with the outcomes they need to thrive in today’s competitive landscape,” Akhauri continued. “Our relationship with EvoluteIQ is a perfect addition to our portfolio as we grow and evolve into the DDC of the future.”

The immediate solution-solving ability of this partnership brings heightened opportunity for customer success. Performance rates are expected to scale based on a customer’s initial technology maturity and processes, however, the customizable nature of this technology gives each company a seat at the table with their own team of solution architects, no matter their current operations.

Leveraging the domain knowledge The DDC Group is able to provide and the power of EvoluteIQ’s platform, customers can expect comprehensive solutions that address key challenges with immense cost savings. This includes increased speed, accuracy, and productivity, allowing for streamlined business operations and faster turnaround. The platform’s scalability allows businesses to easily adapt to changing demands and volumes while maintaining a high level of performance.

With a focus on innovation, efficiency, and customer satisfaction, The DDC Group and EvoluteIQ are poised to revolutionize the way businesses approach their operational processes, providing tools through technology, processes, and people.

To learn more about The DDC Group and EvoluteIQ’s partnership, join us for Hyperautomation is Future Proofing the LTL Experience, an in-person session at SMC3 Jump Start 2025 in Atlanta, Georgia on January 27, 2025.

About EvoluteIQ:

EvoluteIQ is a leader in GenAI-powered end-2-end automation, offering a low-code/no-code platform that combines generative AI, intelligent data and event processing, process automation, RPA, web/mobile application development, and built-in connectors to simplify and accelerate enterprise digital transformation. EvoluteIQ helps organizations optimize workflows, reduce operational costs, and drive scalability across industries.

About The DDC Group:

The DDC Group is a renowned leader in data, business process outsourcing, and technology solutions, providing clients across various industries worldwide with operational excellence, growth, and business continuity. With 35 years of experience, The DDC Group is committed to driving business outcomes through innovation, efficiency, and unwavering dedication to client success. To learn more, visit: theddcgroup.com.

For media inquiries, please contact Sabrina Williams at sabrina.williams@ddcfpo.com

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SOURCE The DDC Group

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LED Strip Market Set to Soar: From USD 1.28 Billion in 2024 to USD 2.97 Billion by 2030 at a 15.1% CAGR | Valuates Reports

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January 15, 2025

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LED Strip Market is Segmented by Type (5050, 3528), by Application (Commercial Application, Home Application).

BANGALORE, India, Jan. 15, 2025 /PRNewswire/ — The Global LED Strip Market is projected to grow from USD 1280.2 Million in 2024 to USD 2976.7 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period.

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Major Factors Driving the Growth of LED Strip Market:

The LED Strip Market is poised for substantial growth, driven by the increasing demand for flexible, energy-efficient, and aesthetically versatile lighting solutions across various sectors. LED strips offer unparalleled customization and ease of installation, making them ideal for a wide range of applications, including residential lighting, commercial spaces, retail displays, automotive lighting, and entertainment venues.

Furthermore, the growing focus on sustainability and energy conservation propels the adoption of LED strip lighting as a green alternative to traditional lighting options.

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TRENDS INFLUENCING THE GROWTH OF LED STRIP MARKET:

Each 5050 LED unit houses three individual LEDs, allowing for vibrant and uniform lighting that is ideal for both residential and commercial applications. The high luminosity of 5050 LED strips makes them perfect for accent lighting, decorative installations, and task lighting, where enhanced visibility and aesthetic appeal are essential. Additionally, these LED strips offer a wide range of color options and dimmable features, catering to diverse consumer preferences and design requirements. The robustness and durability of 5050 LEDs also ensure long-lasting performance, reducing maintenance costs and increasing consumer trust. As demand for high-quality, customizable lighting solutions rises, 5050 LED strips continue to play a crucial role in expanding the LED Strip Market.

Each 3528 LED unit contains a single LED, making these strips thinner and more flexible compared to their 5050 counterparts. This flexibility allows for easier installation in tight spaces and intricate designs, making 3528 LED strips ideal for under-cabinet lighting, cove lighting, and backlighting applications. The lower power consumption of 3528 LEDs also appeals to environmentally conscious consumers seeking sustainable lighting options. Furthermore, the affordability of 3528 LED strips makes them accessible to a broader market, including DIY enthusiasts and small businesses. Their reliability and consistent performance further enhance their popularity, driving widespread adoption and fostering growth in the LED Strip Market.

The commercial application segment is a major driver of the LED Strip Market, fueled by the increasing demand for efficient and aesthetically pleasing lighting solutions in businesses and public spaces. LED strips are extensively used in retail stores for product display and ambient lighting, enhancing the visual appeal and customer experience. In hospitality, restaurants, hotels, and cafes leverage LED strips to create inviting and dynamic environments that attract and retain customers. Office spaces utilize LED strips for task lighting and to improve workspace ergonomics, contributing to employee productivity and well-being. Additionally, LED strips are employed in signage, exhibitions, and public infrastructure projects, where their versatility and energy efficiency offer significant advantages. The growing emphasis on sustainable and smart lighting solutions in the commercial sector drives the adoption of LED strips, thereby propelling the growth of the LED Strip Market.

LED strips offer versatile options for illuminating kitchens, living rooms, bedrooms, and bathrooms, allowing for customizable lighting schemes that match individual preferences and interior design styles. The ease of installation and the ability to integrate LED strips with smart home systems enable homeowners to control lighting remotely, set schedules, and create ambiance with voice commands or mobile apps. The aesthetic appeal of LED strips, combined with their long lifespan and low energy consumption, makes them an attractive choice for residential applications.

Energy efficiency and cost savings are critical factors driving the LED Strip Market, as both consumers and businesses prioritize sustainable and economical lighting solutions. LED strips consume significantly less power compared to traditional lighting options such as incandescent and fluorescent bulbs, resulting in lower electricity bills and reduced operational costs. The long lifespan of LED strips minimizes the need for frequent replacements, further enhancing cost savings and reducing maintenance expenses. Additionally, the low heat emission of LED strips contributes to overall energy efficiency by reducing the cooling load in indoor environments. Governments and organizations promoting energy conservation and sustainability initiatives also encourage the adoption of LED lighting solutions, including LED strips. The combination of energy efficiency and cost-effectiveness makes LED strips a preferred choice, driving their widespread adoption and market growth.

Smart lighting integration is a pivotal factor driving the growth of the LED Strip Market, as it enhances the functionality and convenience of lighting systems. LED strips can be seamlessly integrated with smart home technologies, allowing users to control lighting through smartphones, voice assistants, and automation platforms. Features such as color changing, dimming, and programmable lighting schedules enable users to customize their lighting experience to suit different moods and activities. The ability to synchronize LED strips with other smart devices, such as thermostats and security systems, creates a cohesive and intelligent home environment. Additionally, advancements in IoT connectivity and smart lighting protocols facilitate the integration of LED strips into existing smart home ecosystems, making them more accessible and user-friendly.

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LED STRIP MARKET SHARE:

North America leads the market, driven by high consumer spending, advanced technological infrastructure, and a strong emphasis on energy-efficient and smart lighting solutions.

The Asia-Pacific region is experiencing rapid expansion, driven by the booming construction industry, rising disposable incomes, and the increasing popularity of smart home systems in countries like China, Japan, and South Korea.

Key Companies:

Forge EuropaLEDVANCELedridge LightingDigital Advanced LightingLEDMYLighting Ever

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Smart LED Strip Lights Market

–  COB LED Strip market was valued at USD 1736 Million in 2023 and is anticipated to reach USD 2872.1 Million by 2030, witnessing a CAGR of 7.5% during the forecast period 2024-2030.

–  Flexible LED Strip Substrate market was valued at USD 2363 Million in 2023 and is anticipated to reach USD 3293.8 Million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.

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–  LED Three-primary Color Light market was valued at USD 106 Million in 2023 and is anticipated to reach USD 145 Million by 2030, witnessing a CAGR of 3.5% during the forecast period 2024-2030.

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–  LED Fluorescent Powder Market was estimated to be worth USD 306 Million in 2023 and is forecast to a readjusted size of USD 377.2 Million by 2030 with a CAGR of 2.2% during the forecast period 2024-2030.

–  Removers for LED Fabrication Market was estimated to be worth USD 452 Million in 2023 and is forecast to a readjusted size of USD 1161.9 Million by 2030 with a CAGR of 14.9% during the forecast period 2024-2030.

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