Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Singapore
  4. Singapore Stock Exchange
  5. CapitaLand Limited
  6. News
  7. Summary
    C31   SG1J27887962

CAPITALAND LIMITED

(C31)
SummaryChartsNewsRatingsCalendarCompany 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

General Announcement::CapitaLand unveils S$50 million innovation fund and winners of CapitaLand Sustainability X Challenge

06/11/2021 | 07:42am EDT

For immediate release

NEWS RELEASE

CapitaLand unveils S$50 million innovation fund and crowns

winners of first CapitaLand Sustainability X Challenge

Singapore, 11 June 2021 - CapitaLand has set up a S$50 million CapitaLand Innovation Fund to support the testbedding of sustainability and other high-tech innovations in the built environment space as the Group steps up its sustainability drive. This was announced by CapitaLand's Group Chief Executive Officer, Mr Lee Chee Koon, at the Grand Finale of the inaugural CapitaLand Sustainability X Challenge (CSXC) where the top two winners were crowned. The 'High Impact Award' went to INOVUES, INC, while the 'Most Innovative Award' went to Climatec Corp Pte Ltd.

INOVUES, INC and Climatec Corp Pte Ltd emerged winners amongst six finalists that were shortlisted from over 270 entries received from more than 25 countries. INOVUES, INC's innovation focuses on an insulating glass retrofit technology that reduces heat gain inside a building, reducing the energy consumption used to heat or cool the building by up to 40%. Climatec Corp Pte Ltd's innovation is a water treatment process utilising photon vibration frequency technology to treat cooling tower water without the use of chemicals or power, achieving 60% to over 90% water savings and 1% to over 5% energy savings1. Both winners of the CSXC will receive S$50,000 each to fund their pilot projects with CapitaLand.

Minister for Sustainability and the Environment of Singapore, Ms Grace Fu, who was the Guest-of-Honour at the CSXC Grand Finale, said: "Research and innovation leading to commercialisation is a space where public and private sectors must collaborate. Research can be long-dated and involves high risk. Governments must support and fund it. Innovation and commercialisation of products of research require entrepreneurial acumen and nimble responses. This is where many enterprises have strengths. Initiatives such as the CapitaLand Sustainability X Challenge help to uncover unique solutions that may offer the right competitive edge. It also gives innovators an opportunity to testbed and refine their ideas, which can eventually be scaled up to benefit businesses, consumers and our environment."

Mr Lee Chee Koon, CapitaLand's Group Chief Executive Officer said: "Innovation is key to CapitaLand's business and culture as we seek to deliver sustainable value to our stakeholders. The CapitaLand Innovation Fund will enable us to catalyse more innovations, accelerate our global sustainability efforts and ensure that we remain at the forefront of technology in the built environment space. The inaugural CapitaLand Sustainability X Challenge has allowed us to uncover promising innovations that we can potentially implement at our properties across the globe and help us achieve our ambitious targets set out in our 2030 Sustainability Master Plan.

1 For more information on the winners and finalists, please see Annex A

1

Through CapitaLand's global network, we aim to bring more innovators and leading industry players together to advance innovation and build a more sustainable planet."

Encouraging more innovations through the CapitaLand Innovation Fund and future editions of the CapitaLand Sustainability X Challenge

The CapitaLand Innovation Fund with a S$50 million commitment over five years is another of the Group's efforts to encourage more innovation in the built environment space with a strong focus on sustainability. In October 2020, CapitaLand opened the Smart Urban Co- Innovation Lab at the Singapore Science Park in partnership with the Infocomm Media Development Authority and Enterprise Singapore, with sustainability as one of its focus areas. CapitaLand will also redeploy interest rate savings from its sustainability-linked loans towards the Group's sustainability initiatives.

At the CXSC Grand Finale held today, CapitaLand also announced that future editions of the CSXC will continue to advocate sustainability innovation. CapitaLand hopes that companies and innovators will continue to step forward to participate in future CSXC editions. The CSXC is one of CapitaLand's signature events, and the first sustainability challenge by a Singapore real estate company on a global scale. It aims to accelerate sustainability innovation and collaboration within the built environment.

Winners of CapitaLand Sustainability X Challenge to gain access to more business opportunities

In addition to the S$50,000 prize money, the winners will be showcasing their innovations to senior global business leaders, investors and policymakers at the annual Ecosperity Week2, organised by Temasek, the lead partner of the CSXC. The winners were also presented with a specially designed trophy made of translucent low-carbon concrete. Designed and engineered by Pan-United, the low-carbon concrete allows natural light to pass through, saving electricity, energy and maintenance costs. Shaped as an 'X' to represent the CSXC, the star-like porous design signifies a galaxy of possibilities for innovation to create a more sustainable future.

The winners and the four other finalists will also gain access to CSXC's partners' global innovation programmes, where they get to connect with potential investors and business partners as well as receive expert advice to accelerate the growth of their businesses. The finalists and selected participants will also get a chance to pilot their innovations at selected CapitaLand properties worldwide.

Over 50 partners have contributed to the success of the sustainability challenge. CSXC's international partners range from government agencies to the business community, industry experts, venture capitalists, financial institutions as well as institutes of higher learning3.

  1. Ecosperity Week will take place from 28-30 September 2021 in Singapore
  2. For the full list of judges, mentors, coaches, plenary speakers and partners, see Annex B

2

The CSXC is a part of CapitaLand's 2030 Sustainability Master Plan which details the Group's

sustainability strategies and goals over the next 10 years. For more information on the CSXC

and

CapitaLand's

2030

Sustainability

Master

Plan,

please

visit:

https://www.capitaland.com/international/en/about-capitaland/sustainability.htmland www.capitalandsustainabilityxchallenge.com.

About CapitaLand Limited (www.capitaland.com)

CapitaLand Limited (CapitaLand) is one of Asia's largest diversified real estate groups. Headquartered and listed in Singapore, it owns and manages a global portfolio worth about S$137.7 billion as at 31 March 2021. CapitaLand's portfolio spans across diversified real estate classes which includes commercial, retail; business park, industrial and logistics; integrated development, urban development; as well as lodging and residential. With a presence across more than 240 cities in over 30 countries, the Group focuses on Singapore and China as its core markets, while it continues to expand in markets such as India, Vietnam, Australia, Europe and the USA.

CapitaLand has one of the largest real estate investment management businesses globally. It manages six listed real estate investment trusts (REITs) and business trusts as well as over 20 private funds. CapitaLand launched Singapore's first REIT in 2002 and today, its stable of REITs and business trusts comprises CapitaLand Integrated Commercial Trust, Ascendas Real Estate Investment Trust, Ascott Residence Trust, CapitaLand China Trust, Ascendas India Trust and CapitaLand Malaysia Mall Trust.

CapitaLand places sustainability at the core of what it does. As a responsible real estate company, CapitaLand 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 Limited (Co. Regn.: 198900036N)

Analyst contact

Media contact

Grace Chen

Joan Tan

Head, Investor Relations

Vice President, Group Communications

Tel: +65 6713 2883

Tel: +65 6713 2864

Email: grace.chen@capitaland.com

Email: joan.tanzm@capitaland.com

3

Annex A - The winners and finalists of the CapitaLand Sustainability X Challenge4

Winners

High Impact Award

INOVUES adaptive glazing shield - Revitalising windows for better building by INOVUES, INC - INOVUES has developed an innovative solution to upgrade building facades and windows with the latest energy-saving and smart glass technologies without replacement or reglazing. The product can reduce noise and heat gain inside a building by up to 10 times. This increases the comfort of building occupants and reduces the energy consumption required to cool the environment by up to 40% without compromising luminosity indoors. It is a non-invasive and non-disruptive retrofit solution that can be easily installed externally or internally without removing, replacing, drilling, or alterations, saving time and reducing the cost of upgrading the windows and glass facades of existing buildings by up to 10 times. INOVUES is based in the United States of America.

Most Innovative Award

ClimaControl Quantum Resonance Water (QRW) - Revolution in cooling tower water treatment by Climatec Corp Pte Ltd - ClimaControl QRW is a novel and unique solution that treats water used in cooling towers without the use of chemicals or power. The water can be recycled for other uses in the building such as plant irrigation or toilet flushing. ClimaControl QRW utilises the principle of micro-molecular water and photon vibration frequency technology created through strong magnetic fields and ceramic-based composites to treat the water. ClimaControl QRW is able to reduce blowdown water from 60% to over 90% and reduce associated downstream chiller system energy consumption from 1% to over 5%. Climatec is based in Singapore.

Finalists

Blue Green World - Powered by 100% green energy by g-ENPte Ltd - Making its global debut at CSXC, the CooGenTM is a self-powered cold hydraulic generator that can generate clean energy affordably for buildings, using ambient heat or waste heat of minimally 25 degrees Celsius which is abundant. The cold air from the exhaust can also be used to cool buildings. Similar to a standalone power generator, the CooGenTM is also highly portable. gEN is based in Singapore.

Glassfiber Reinforced Polyurethane (GRPU) curtain wall - The future of green building by Taichu Guocai Materials Co, Ltd - The Glassfiber Reinforced Polyurethane (GRPU) curtain wall is an innovative substitute to conventional aluminium curtain walls. It offers improved thermal insulation - reducing energy consumption used to heat or cool the building by up to 25%, is five times stronger and is also more heat and wind resistant. The GRPU material also has around 10 times less embodied carbon emissions compared to aluminium, making the building construction process more sustainable. A curtain wall system is non- structural and is installed on the building's facade to keep out natural elements like heat, rain and wind. Taichu Guocai is based in China.

TrashBot - Sorting waste with artificial intelligence and robotics by CleanRobotics Inc.

  • Making its debut in Singapore, TrashBot is a smart waste bin which uses artificial intelligence, robotics and multiple sensors to sort waste with around 90% accuracy, promoting more efficient recycling or disposal. TrashBot is also able to record data on the type of waste collected and alert building operators when the bin is full. CleanRobotics is based in the United States of America.

4 Data provided by CSXC finalists

4

LumenAire - We make the air you breathe healthy and safe by ARID Builders Pte Ltd - The LumenAire UV Air Disinfection Solution is a shielded air purification device with a high- efficiency particulate absorbing (HEPA) filter and Ultraviolet Germicidal Irradiation (UVGI) technology. It could not only sanitise the air but also reduce virus survivability by over 99% within seconds, eliminating airborne pathogens to create a safer and healthier environment indoors. ARID Builders is based in Singapore.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Capitaland Ltd. published this content on 11 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2021 11:41:07 UTC.


© Publicnow 2021
All news about CAPITALAND LIMITED
10/20ASCENDAS REAL ESTATE INVESTMENT TRUS : Converts Ascendas Fusion 5 into Limited Liability P..
MT
10/16CapitaLand Continually Recognised as a Global Sustainability Leader in Its Sector in 20..
AQ
10/15MITSUBISHI ESTATE : CapitaLand complete China office building project
AQ
10/06CAPITALAND : Builds First Hope School in India for INR 45 Million to Provide Children with..
AQ
09/21CAPITALAND INVESTMENT : Stock Continues to Rise on Second Trading Day
MT
09/20CAPITALAND INVESTMENT : Debuts on Singapore Exchange Post Restructuring
MT
09/15OTHER SCHEME OF ARRANGEMENT : :effective date of the scheme, distribution ratio of the dis..
PU
09/13GENERAL ANNOUNCEMENT : :Proposed Scheme of Arrangement involving CapitaLand Limited (Deali..
PU
09/09GENERAL ANNOUNCEMENT : :Proposed Scheme of Arrangement involving CapitaLand Limited (Deali..
PU
09/08GENERAL ANNOUNCEMENT : :Proposed Scheme of Arrangement involving CapitaLand Limited (Deali..
PU
More news
Chart CAPITALAND LIMITED
Duration : Period :
CapitaLand Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Managers and Directors
Chee Koon Lee Group CEO & Non-Independent Executive Director
Cho Pin Lim Group Chief Financial Officer
Miguel Kai Kwun Ko Non-Executive Non-Independent Chairman
Ching Yen Lee Independent Non-Executive Director
Philip Nalliah Pillai Independent Non-Executive Director