Climate Change

Our property and hospitality businesses are certified under the ISO 14001 Environmental Management System (EMS). To manage environmental impact as a property developer, we require our main contractors assigned to development projects to hold both ISO 14001 certification and BCA certification under the Green and Gracious Builder Scheme.

The Group has achieved at least a BCA Green Mark Gold rating for all commercial properties in Singapore. Moving forward, we target to attain Green Mark Gold^Plus certification for all future redevelopments and new commercial properties in Singapore. Currently, four out of eight hospitality properties in Singapore have achieved Green Mark certifications, and we are working towards obtaining Green Mark certifications for the remaining hospitality properties.

In February 2024, we became the first group in Singapore to achieve GSTC multi-site certification across all eight of our hospitality properties in Singapore. At the time of certification, we held the largest number of GSTC-certified rooms and properties in Singapore. In December 2024, we also became the first group in Oceania to achieve GSTC multi-site certification across all six of our hospitality properties in Australia. The GSTC is a certification body that manages and sets global standards for sustainable travel and tourism practices.

UOL is committed to creating environmental awareness within our organisation and motivating our stakeholders to join us in our pursuit of a sustainable future. Recognising the pivotal role of our suppliers in value chain sustainability, we developed our Supplier Code of Conduct (SCOC) in 2024, outlining our expectations in several key areas, including environmental management. Please refer to this page for more information on our SCOC.

Our retail properties have lease agreements that include a Green Mark conditions clause. As part of these agreements, tenants shall observe and comply with UOL’s and relevant authorities’ guidelines on energy consumption and other sustainability initiatives within the building. Tenants must also cooperate with UOL and relevant authorities when requested to review their energy consumption and comply with the Green Mark requirements, which are communicated prior to lease commencement. Additionally, 100% of our tenants’ energy and water consumption, except for some retail kiosks and ATMs, is sub-metered for a better understanding of their impact on resource consumption. At our hospitality properties, we engage guests in our sustainability efforts, such as e-waste recycling programmes and tree planting for guests who opt out of housekeeping. This collaborative approach fosters a shared sense of responsibility for environmental stewardship.

UOL recognises the importance of minimising biodiversity loss, especially during the development and landscaping of buildings. In Singapore, the impact of biodiversity loss is largely minimised due to the urban environment surrounding our properties. Nevertheless, our properties strictly adhere to the requirements set by the National Parks Board.