AA REIT advances key sustainability initiatives

They have also reaffirmed their commitment to ESG targets.

AIMS APAC REIT Management Limited, as manager of AIMS APAC REIT (AA REIT), announced its key initiatives have advanced placing it on track to achieving its long-term Science-based target initiatives (SBTi) goal. 

Under the SBTi goal, AA REIT seeks to reduce Scope 2 carbon emissions by 42% between FY2020 and FY2030, supported by various ongoing sustainability initiatives.

“These initiatives also align with our sustainability-linked loan facility, which is structured to offer margin adjustments upon achievement of predetermined sustainability targets,” said Russell Ng, CEO of AIMS APAC REIT Management Limited.

AA REIT has embarked on a Phase 2 rooftop solar panel system across three properties in Singapore. 

Once operational, the solar panels will have a capacity of 3.65 megawatt-peak, which will help avoid nearly 2,000 metric tons of carbon emissions annually.

AA REIT has also installed EV fast-charging stations across four of AA REIT’s properties in Singapore: 1A International Business Park, 10 Changi South Lane, 29 Woodlands Industrial Park E1, and 8 & 10 Pandan Crescent. This is expected to facilitate the transition to greener mobility solutions.

These fully functional stations offer convenient new charging options for tenants and visitors.

Moreover, AA REIT has installed a smart lighting system at 20 Gul Way, AA REIT’s largest property by net lettable area.

The system features energy-efficient LED lighting, sensors, and smart controls that optimise energy usage by automatically adjusting lighting levels. This reduces energy consumption whilst maintaining operational efficiency.

In addition, a smart metering system will be rolled out across 15 properties in Singapore, providing real-time energy consumption data, with data transmitted to a cloud platform every 30 minutes.

These insights will empower tenants to monitor and adjust their energy usage trends more effectively and foster potential collaboration with AA REIT on strategies to reduce their carbon footprint while optimising operating costs.