Singapore, 20 November 2020 – As CapitaLand marks the 20th anniversary of its listing on Singapore Exchange Securities Trading Limited this month, the Group is honouring the deep-rooted stakeholder relationships built over the last two decades by unveiling its new business transformation framework – “The Next 20” (TN20). TN20 is built on three core tenets of People, Sustainability and Digitalisation, to enable the Group to prevail and thrive in this time of dramatic changes. The framework supports CapitaLand’s vision of becoming a global real estate player as the Group continues to invest in its three strategic growth businesses: development across asset classes in its core markets, and global expansion through its fund management and lodging platforms.
Mr Lee Chee Koon, Group CEO of CapitaLand Group, said: “As we reflect on CapitaLand’s first 20 years, we are taking this opportunity to reaffirm the company’s commitment to build a lasting business. The impact of COVID-19 is expected to adversely impact CapitaLand’s financial performance for 2020. But CapitaLand’s fundamentals remain strong and our financial position continues to be resilient. Notwithstanding short-term challenges, we expect CapitaLand to emerge stronger from the COVID-19 crisis."
"‘The Next 20’ will provide the framework for growth and progress through innovation and renewal within the Group. The ambition is to build CapitaLand for the long term while we continue to better ourselves today.”
Mr Lee Chee Koon, Group CEO of CapitaLand Group
TN20 – People CapitaLand aims to be a progressive employer of choice that empowers its people to realise their potential in a post-COVID-19 economy. It is focused on growing talent and building its leadership pipeline, in addition to equipping staff with the capabilities, such as digital competency, required for the business of today and the future. CapitaLand’s Building Capability Framework was launched in August 2019 to develop a competent, adaptable and future-ready workforce, and about 90% of CapitaLand employees in Singapore have attended at least one digital skills training.
This is supplemented by active programmes in attracting talent with the right competencies and recruiting promising young graduates for development to leadership positions. Under the SGUnited Traineeships Programme and SGUnited Mid-Career Pathways Programme, CapitaLand has also committed to 90 job positions for fresh graduates and mid-career joiners respectively. Through these programmes, the Group aims to discover and build a new pipeline of talents with fresh perspectives, while supporting individuals in finding meaningful job and training opportunities amid the pandemic.
CapitaLand aims to be a progressive employer of choice that empowers its people in a post-COVID-19 economy. Pictured is a screenshot from CapitaLand’s virtual Learning CAREnival 2020, which encouraged staff to stay engaged and upskill themselves in the new normal.
CapitaLand continues to support the next-generation workforce by partnering local universities to provide internships and work study programmes for their students. It also collaborates to facilitate events that encourage learning, innovation and adaptability. Examples include the NTU Singapore Business Case Competition, which calls for teams to present their business plans in a simulated real-world corporate environment; and the NUS Future of Real Estate Employment and Education Industry Work Group, which challenges participants to reimagine real estate in the new normal.
TN20 – Sustainability
Through the eventual deployment of innovations identified from its inaugural CapitaLand Sustainability X Challenge, CapitaLand seeks to accelerate sustainability innovation and collaboration within the built environment to meet its sustainability goals set out in CapitaLand’s 2030 Sustainability Master Plan launched in October 2020. Focusing on the three themes of building portfolio resilience and resource efficiency, enabling thriving and future-adaptive communities, and accelerating sustainability innovation and collaboration; CapitaLand’s Sustainability Master Plan builds upon the Group’s sustainability achievements over the past 20 years to accelerate and amplify its sustainability efforts for the next 10 years till 2030.
CapitaLand's 2030 Sustainability Master Plan articulates the Group’s sustainability targets, strategies and plans for the next decade till 2030, and aims to create a larger positive impact for the environment and society. Pictured is The Crystal sky bridge at Raffles City Chongqing, China. The integrated development has many innovative sustainable features that are in line with CapitaLand’s sustainability vision.
Amid current and foreseeable challenges ahead, CapitaLand remains committed to support the communities where it operates. To date, the Group has contributed more than S$2 million in Singapore and over S$6 million globally to support local communities impacted by the pandemic. More than 1,000 staff and community volunteers had been mobilised as part of employee volunteerism as well. For the Group’s philanthropic efforts, CapitaLand has been conferred the “Organisation of Good” award, the highest honour in Singapore for giving to the community.
This commitment to sustainability gives CapitaLand a strong sense of purpose and a thread of continuity that will bind the Group and the global communities it operates in together, in the face of rapid changes as it embarks on the next lap.
Mr Lee Chee Koon, Group CEO of CapitaLand Group and Director of CapitaLand Hope Foundation, receiving the ‘Organisation of Good’ award from President Halimah Yacob at the President’s Volunteerism and Philanthropy Awards 2020 ceremony (Photo credit: National Volunteer & Philanthropy Centre)
Credits: Business Times & Capitaland https://www.capitaland.com/international/en/about-capitaland/newsroom/news-releases/international/2020/nov/capitaland-20th-anniversary.html#menu-lang-main
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