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The Next 20 (TN20) is built on the three core tenets of People, Sustainability and Digitalisation, which aims to enable the company “to prevail and thrive in this time of dramatic changes.”
CapitaLand marked its 20th year of listing on Singapore Exchange Securities Trading with the launch of its new business transformation framework – The Next 20 (TN20).
Built on the three core tenets of People, Sustainability and Digitalisation, TN20 will “enable the group to prevail and thrive in this time of dramatic changes”, said CapitaLand in an SGX filing on Friday (20 November).
Under the core tenet of People, the group aims to become a progressive employer of choice that 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”.
In fact, CapitaLand has committed to 90 job positions for mid-career joiners as well as fresh graduates, under the SGUnited Mid-Career Pathways Programme and SGUnited Traineeships Programme.
CapitaLand also seeks to fast-track sustainability innovation and collaboration in the built environment for it to meet its sustainability goals laid out in its 2030 Sustainability Master Plan, which was launched in October this year.
The group’s Sustainability Master Plan builds upon its sustainability achievements for the last 20 years “to accelerate and amplify its sustainability efforts for the next 10 years”.
CapitaLand added that it intends to future proof its business model by adopting digital initiatives that would enable it to better meet customer needs as well as empower its tenants to grow their businesses sustainability within an omnichannel environment.
The group’s digital retail ecosystem, CapitaStar, for instance, has allowed CapitaLand to work with retailers to better customise shopping experiences which cater to their shoppers’ preferences.
“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,” said Lee Chee Koon, Group CEO of CapitaLand Group.
“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.”
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