CapitaLand Group
With a solid business ecosystem, we deliver long-term sustainable value to our stakeholders.
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CapitaLand Group
With a solid business ecosystem, we deliver long-term sustainable value to our stakeholders.
24 Oct 2024
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CapitaLand India Trust’s International Tech Park Hyderabad Block A
Singapore, 24 October 2024 – Global real asset manager CapitaLand Investment Limited (CLI) and its listed REITs and business trusts have demonstrated their continued leadership in environmental, sustainability and governance (ESG) practices, with leading positions in the 2024 GRESB Real Estate Assessment, a global ESG benchmark for the real estate sector. This is the first time all six of CLI’s listed REITs and business trusts have participated in GRESB.
In the 2024 assessment, CapitaLand India Trust (CLINT) achieved the highest 5-star rating for standing investments for the first time, advancing from its 4-star rating for standing investments in its inaugural submission in 2023. CapitaLand Integrated Commercial Trust (CICT) and CapitaLand China Trust (CLCT) maintained their 5-star rating for standing investments, while CLI, CapitaLand Ascendas REIT (CLAR) and CapitaLand Ascott Trust (CLAS) received a 4-star rating for standing investments. CapitaLand Malaysia Trust (CLMT) was included in ratings for the first time.
CLAS retained Global Listed Sector Leader top position in the Hotel category for the fourth consecutive year. For the first time, CICT was named Global Listed Sector Leader, Regional Sector Leader (Asia) and Regional Listed Sector Leader (Asia) in the Diversified – Office / Retail category.
Interest Rate Savings from Sustainability Linked Loans
Based on their performance in GRESB 2024, CLI, CICT and CLAS will receive interest rate savings from current sustainability-linked loans linked to GRESB performance. CLI and CICT have obtained interest rate savings from sustainability-linked loans tied to GRESB since 2020, while CLAS obtained its first loan tied to GRESB performance in 2022. As at 30 Sep 2024, CLI and its listed REITS and business trusts have secured a total of S$19.6 billion in sustainable finance from sustainability-linked loans and bonds, green loans, green bonds and perpetual securities, of which S$7.4 billion have come from sustainability-linked loans tied to GRESB performance. In 2024, CLI and its listed REITs and business trusts have secured S$3.5 billion through 18 sustainable financing instruments, of which S$1.1 billion are from 6 sustainability-linked loans pegged to performance on GRESB.
"CLI and our listed funds have maintained leadership in GRESB, marking our long-term commitment to improving the sustainability performance of our assets as we seek to meet our 2030 Sustainability Master Plan targets. The group’s dedication to sustainable growth is inextricably linked to our principle of embedding sustainability in everything we do at CLI. The alignment between sustainability and financial performance creates tangible long-term value for our investors, as we channel interest rate savings back into decarbonisation investments. Through responsible capital stewardship and impactful investment in real assets, we will continue to create sustainable returns."
Mr Vinamra Srivastava
Chief Sustainability & Sustainable Investments Officer, CLI
Additional ESG Recognition in 2024
• Only company in Singapore to be ranked among the top 10% of the global real estate industry in S&P Global Sustainability Yearbook 2024; the first and longest standing Singapore company to be listed in the Yearbook for 15 years.
• Top position amongst companies in Singapore in the Equileap 2024 Gender Equality Report & Ranking; CLI and three of its REITs amongst the Top 10 companies in Singapore.
• Ranked the top real estate company globally and the only Singapore company on the 2024 Carbon Clean200; listed on the index amongst the world’s 200 leading corporates at the forefront of the clean energy transition for the sixth consecutive year.
• Maintained MSCI ESG Rating of AAA for the third consecutive year.
• Listed as one of the World’s Most Sustainable Companies of 2024, published by Time Magazine in partnership with data firm Statista.
