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Singapore, 16 November 2020 – CapitaLand has been listed on the Dow Jones Sustainability World Index (DJSI World)^[1] for the ninth consecutive year, reinforcing its reputation as a global sustainability leader in real estate.  Dow Jones Sustainability Indices (DJSI) track the performance of the world's leading companies in the areas of economic, environmental and social factors.

CapitaLand has also maintained its listing on the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific)^[1] for the 12^th consecutive year.  This makes CapitaLand the first and longest standing company in Singapore to be listed on the DJSI Asia Pacific.

CapitaLand’s inclusion in the DJSI is tied to the interest rates across four of CapitaLand’s sustainability-linked loans^[2] totalling S$600 million.  With CapitaLand maintaining its listing on the DJSI, along with the achievement of other environmental, social and governance (ESG) indicators, CapitaLand will receive interest rate savings from the reduced interest rates on these sustainability-linked loans.

CapitaLand has also retained its listing in the MSCI World ESG Leaders and MSCI World Socially Responsible Investment (SRI) Index in 2020.  This is CapitaLand’s seventh inclusion in the rankings.  The MSCI Global Sustainability Indices are designed for investors seeking exposure to companies with strong sustainability profiles.  It comprises companies focusing on products or services that contribute to a more environmentally sustainable economy by making a more efficient use of limited global natural resources.

First real estate company in Asia (excluding Japan) to have its carbon reduction targets validated by Science Based Targets initiative
CapitaLand is the first real estate company in Asia (excluding Japan), and in Singapore to have its carbon reduction targets set using a science-based approach validated by Science Based Targets Initiative (SBTi), for a ‘well-below 2 degrees Celsius’ scenario.^[3]  The scenario is in line with the Paris Climate Agreement^[4] to keep global temperature rise ‘well-below 2 degrees Celsius’ in this century.

CapitaLand’s SBTi validated targets are to reduce scope 1 and 2 greenhouse gas (GHG) emissions by 28% by 2030 since 2019.  It has also committed to reducing scope 3 GHG emissions from capital goods by 22% per square metre by 2030 since 2019.

These new carbon reduction targets complement CapitaLand’s current aim of achieving a 78% reduction in carbon emissions intensity by 2030 outlined in CapitaLand’s 2030 Sustainability Master Plan.

Two winning solutions will each receive S$50,000 to fund their projects, mentoring by a CapitaLand business leader and the exclusive opportunity to pilot, test and implement innovations at select CapitaLand properties in over 220 cities and 30 countries.  The projects will be assessed based on the impact, potential outcomes and depth of innovation.  They should also be scalable and effectively deployed across the geographies that CapitaLand operates in and its different asset types.  Other shortlisted participants will stand a chance to trial their innovations at CapitaLand’s global network of properties. 

To participate and for more information on the CSXC and the challenge statements, please visit: www.capitalandsustainabilityxchallenge.com.  

CapitaLand’s 2030 Sustainability Master Plan
Launched in October 2020, CapitaLand’s Sustainability Master Plan builds upon CapitaLand’s sustainability achievements over the past 20 years, while accelerating and amplifying its sustainability efforts for the next 10 years till 2030.  

In elevating its commitment to global sustainability, CapitaLand’s Sustainability Master Plan focuses on the following three key themes to drive its sustainability efforts in the ESG pillars, enabling the Group to create a larger positive impact on the environment and society:

Build portfolio resilience and resource efficiency
Enable thriving and future-adaptive communities
Accelerate sustainability innovation and collaboration

For more information on CapitaLand’s Sustainability Master Plan, please visit: https://www.capitaland.com/en/about-capitaland/sustainability.html

_{[1] For more information on DJSI World and DSJI Asia Pacific, please refer to the Annex.
[2] The four sustainability-linked loans are from Credit Agricole Corporate & Investment Bank, DBS Bank, Natixis Bank and Societe Generale.
[3] According to SBTi, the ‘well-below 2 degrees’ scenario indicates an approximate 66% chance of limiting peak warming between now till year 2100, to below 2 degrees Celsius.
[4] At the United National Climate Change Conference (COP 21) in Paris, on 12 December 2015, parties to the United Nations Framework Convention on Climate Change reached a landmark agreement to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future.}