News & Updates
INOVUES Wins CapitaLand Sustainability X Challenge out of 270 Entries from 25 Countries
June 14, 2021
CapitaLand, one of Asia's largest diversified real estate groups, announced INOVUES as the High Impact Award winner in the CapitaLand Sustainability X Challenge out of six finalists shortlisted from over 270 entries received from more than 25 countries.
In November 2020, CapitaLand launched a global open call for sustainability innovation in its inaugural CapitaLand Sustainability X Challenge (CSXC) to accelerate innovation and collaboration within the built environment. The CSXC is the first sustainability challenge by a Singapore real estate company on a global scale.
As the High Impact Award winner, INOVUES will receive a S$50,000 award and will pilot, test, and implement its patented insulating glass retrofit technology at select CapitaLand properties in over 220 cities and 30 countries.
The Minister for Sustainability and the Environment of Singapore, Ms. Grace Fu, who was the Guest-of-Honour at the CSXC Grand Finale, said "Initiatives such as the CapitaLand Sustainability X Challenge help to uncover unique solutions that may offer the right competitive edge. It also gives innovators an opportunity to testbed and refine their ideas, which can eventually be scaled up to benefit businesses, consumers and our environment.”
CapitaLand also announced a S$50 million Innovation Fund to support the test-bedding of sustainability and other high-tech innovations in the built environment space as the Group steps up its sustainability drive.
Read the full announcement here.