Developing Better
Energy
Environmental considerations are integrated across our asset lifecycle, from design and construction stages to day‑to‑day operations, to support efficient energy use. Guided by the Group Environmental Policy, we aim to use energy responsibly and efficiently.
Environmental management systems are in place to regularly measure, monitor and review energy performance, enabling the Group to identify improvement opportunities and drive continuous reductions in energy consumption.
In 2025, excluding development projects, the Group’s total energy consumption was 327,665 MWh1, a 3.9% decrease from 2024, mainly due to the divestment2 of KINEX, PARKROYAL Saigon and PARKROYAL Yangon. A detailed breakdown of energy consumption by asset class is presented in the table below. The Group recorded a 5.2% year‑on‑year improvement in energy intensity to 202.2 kWh/m2 in 2025. This was supported by ongoing energy efficiency measures implemented across our commercial and hospitality assets, alongside portfolio changes during the year. The GFA increased following the acquisition of Varley Park and the completion of asset enhancement initiatives at West Mall and Singapore Land Tower. Some of the key energy efficiency initiatives implemented during the year included:
- Upgraded and optimised HVAC systems across commercial and hospitality properties, including chiller replacements at Pan Pacific Serviced Suites Orchard and Pan Pacific Perth; Air Handling Unit (AHU) upgrades and performance optimisation at assets such as The Gateway, SGX Centre 2, United Square, Novena Square and Odeon 331, including the installation of energy‑efficient electronically commutated (EC) fans; and fan coil unit replacements at PARKROYAL Serviced Suites Singapore.
- Implemented additional energy‑efficiency measures, including motion‑sensor lighting for staircases at Novena Square.
- Continued the phased replacement of incandescent lighting with LED solutions across Singapore hospitality properties, achieving 80% completion as at end‑2025, with full rollout targeted by 2027.
Renewable energy accounted for approximately 8,032 MWh, or 2.5% of total energy consumption. As at end of the reporting period, eight properties in Singapore were equipped with solar photovoltaic systems. Varley Park, our purpose-built student accommodation property in Brighton, United Kingdom, is also fitted with rooftop solar panels. In Singapore, access to renewable electricity is limited.
As such, we focus on improving energy efficiency and reducing overall consumption while the national power grid continues to decarbonise. In overseas markets where renewable energy is more accessible, UOL gives priority to purchasing green energy through every request for proposal. In 2025, four sites in Australia implemented green power purchase agreements (PPAs), increasing the total number of such sites to six.
Varley Park, a purpose‑built student accommodation in Brighton, UK, with solar panels installed on the roofs for various buildings.
Looking ahead, the Group will continue to implement energy efficiency improvements and expand renewable energy adoption where feasible. Planned initiatives for 2026 include further HVAC upgrades across selected properties, such as fan coil unit replacements, cooling tower upgrades and enhancements to chiller systems.
In view of our energy performance and continuing initiatives, we have refreshed our Group’s energy performance target using an intensity-based approach, measured in kilowatt‑hours per square metre (kWh/m2) of GFA, to achieve 10% reduction by 2035, using 2024 as the base year.
The achievement of the 2035 target may be influenced by external factors such as occupancy levels, tenant and guest usage patterns as well as the evolving maturity and availability of energy-saving technologies across the Group's operations.
UOL Chief Legal and Sustainability Officer Yeong Sien Seu (right) received the Group's second consecutive Impact Enterprise Excellence Award at the Sustainability Impact Awards by The Business Times and UOB from Minister for National Development Chee Hong Tat.
Latest Performance
Energy Consumption (MWh)
Energy Intensity by GFA (kWh/m2)
| 2025 | 2024 | |
|---|---|---|
| Group | 202.2 | 213.3 |
| Retail | 265.7 | 295.2 |
| Mixed Developments | 213.4 | 223.8 |
| Offices | 141.7 | 151.0 |
| Hotels | 237.8 | 242.4 |
| Serviced Suites | 132.5 | 143.1 |
| Corporate Offices & Others | 59.0 | 56.2 |
- Excluding development projects, the total energy consumption was 327,665 MWh, equivalent to 1,179,594 GJ in 2025. For development projects, total energy consumption in 2025 was 17,862 MWh.
- Details of assets divested in 2025 can be found in FY2025 Results Presentation