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• Awarded 3-star rating and outperformed global GRESB average score
• Achieved maximum score for management and governance categories

Kuala Lumpur, 23 October 2024 – CapitaLand Malaysia Trust (CLMT) has received a 3-star rating for standing investments in the 2024 GRESB Real Estate Assessment.  Its overall score of 78 out of 100 exceeded the global GRESB average score and it also achieved maximum scores in the management and governance categories.  This is the first time CLMT has participated in the GRESB assessment.

Mr Tan Choon Siang, CEO of CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CLMT, said: “We are heartened by GRESB’s recognition of our environmental, social and governance (ESG) performance across our portfolio.  We have stepped up our efforts in decarbonising our portfolio to create a positive impact on the environment.  These measures include implementing green leases, increasing the use of renewable energy at our properties, achieving green building certifications, and maintaining high governance standards.  In addition, we are exploring innovative ways to decarbonise and enhance the environmental performance of our properties as we work towards attaining 100% green certification of our portfolio by 2030.” 

“We integrate ESG considerations in our investments, operations and financing as part of our commitment to achieve responsible growth and deliver long-term value to our stakeholders.  To date, we have secured RM752 million in sustainability-linked loans and stand to enjoy lower financing costs as we enhance the sustainability performance of our portfolio.  We will continue to intensify our efforts in sustainable finance as we transition to a low-carbon business.   Sustainability remains at the core of what we do, and we will continue pushing boundaries to drive greater progress.”

The GRESB Real Estate Assessment is a global benchmark that captures information regarding ESG performance and sustainability best practices for real estate funds and companies worldwide.

CLMT has implemented several initiatives¹ to elevate its commitments to ESG as it charts its progress against the 2030 Sustainability Master Plan of its sponsor, CapitaLand Investment (CLI).

Environmental stewardship:

• Reduced carbon emissions intensity and energy consumption intensity by 12.0% and 7.4%, respectively, from 2019 baseline through improvements such as the installation of energy-efficient fittings at its properties;
• Signed green leases with retail tenants for all new and renewed leases from February 2024. Green fit-out guides are also provided to retail tenants to encourage them to adopt green features and sustainable practices;
• Procured 7.2 megawatts of renewable energy for the first time for The Mines following its successful quota allocation under the Corporate Green Power Programme²;
• Awarded the prestigious Green Mark Platinum certification for Queensbay Mall and full Green Mark Gold^PLUS certification by the Building and Construction Authority of Singapore for The Mines.  With that, 39% of CLMT’s portfolio by gross floor area achieved green certification; and
• Raised RM752 million in sustainability-linked loans as at 30 June 2024, where interest rate rebates are based on pre-determined sustainability performance targets including green building certification and achieving targeted reductions in energy consumption that are subject to stringent third-party verification.

Commitment to inclusivity and community:

• Clinched the Bronze award for Excellence in Workplace Wellbeing at the HR Excellence Awards 2024 in recognition of CLMT’s commitment to promoting employee wellbeing, leading to improved employee health and satisfaction, productivity and retention;
• Currently, about 33% of the Board of Directors is represented by women;
• Maintained a diverse and dynamic workforce with about 39% female representation in senior management;
• Employees clocked in over 9,900 training hours, with 100% of staff attending at least one ESG training; and
• Employees from CLMT and CLI Malaysia contributed about 1,200 hours to the #Giving Bersama 3.0 community initiative, aimed at supporting beneficiaries from orphanage homes, schools and low-income families in Johor, Klang Valley, Pahang and Penang

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^{Notes
[1]  As at 31 December 2023, unless otherwise stated.
[2]  The Corporate Green Power Programme is an initiative introduced by the Suruhanjaya Tenaga in 2022 that allows the private sector to secure a long-term supply of renewable energy from solar power producers on a willing-buyer, willing-seller pricing regime.}