- Global and domestic economic recovery dampened by geopolitical tensions and inflationary pressures.
- Lower share of joint venture results.
- Absence of income support for OUE Downtown Office.
- Increased working capital retention.
- Higher financing costs.
- Depreciation of the Indonesian Rupiah and the Japanese Yen against the Singapore Dollar.
OUE Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, OUE Limited disclosed greenhouse gas emissions of 31.5K tCO2 (Scope 2). By scope: Scope 1: 1.8K tCO2e; Scope 2: 31.5K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
31.5K tCO2 (Scope 2)
2023
Water Usage
591.3K m3
2023
Waste
4.1K tonnes (non-hazardous)
2023
Energy Use
103.5K MWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.8K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 31.5K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 31.5K tCO2 (Scope 2) |
| 2021 | 28.1K tCO2e/year |
| 2020 | 28.2K tCO2e/year (Scope 2); 143.3 tCO2e/year (Scope 1) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- OUE Bayfront achieved Green Mark Gold certification.
- Hilton Singapore Orchard is one of the first Hilton hotels to use wooden key cards and the first in Singapore with an in-house water filtration plant.
- Crowne Plaza Changi Airport received BCA Green Mark Gold certification.
- Mandarin Gallery achieved BCA Green Mark Gold certification.
- Downtown Gallery achieved BCA Green Mark Gold certification.
- One Raffles Place Towers 1 and 2 achieved BCA Green Mark Gold certification.
- Lippo Plaza achieved LEED Gold certification.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce absolute Scope 1 and 2 GHG emissions for commercial properties by 40% by 2030 (from 2023 baseline).
📅 Medium-term
- Increase the proportion of sustainability-linked loans to 90% of OUE REIT’s total debt by 2030.
- Full implementation of Green Procurement Policy by 2030.
🔭 Long-term
- Develop pathway to net zero by 2050
🌱 ESG Focus Areas
Stewarding the EnvironmentEmpowering CommunitiesBuilding Trust