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Ho Chi Minh City, 21 February 2022 – CapitaLand Investment Limited (CLI) is ranked the top real estate company globally and top Singapore company on the 2022 Carbon Clean 200 (Clean200).  This is the fourth consecutive year that CapitaLand has been listed on the index, an annual recognition by Corporate Knights and As You Sow of the world’s publicly traded companies that are leading the way among their peers to a clean energy future.

Ms Lynette Leong, Chief Sustainability Officer, CLI, said: “As a global sustainability leader in real estate, CLI is committed to doing our part in addressing climate change and reducing our carbon footprint in over 250 cities across 30 countries where we have presence.  We integrate environmental, social and governance (ESG) considerations into everything we do, from our investment process to our property design, development and operations.  We are also using renewable energy in operating our properties, intensifying our global search for innovations through our CapitaLand Sustainability X Challenge and stepping up our adoption of sustainable finance, among others.  To guide our investment decisions, we have set a shadow internal carbon price since 3Q 2021 to gauge the environmental costs of each investment’s greenhouse gas emissions and take the appropriate mitigation measures accordingly.  We will continue to press on in our ESG efforts to deliver measurable outcomes and long-term economic value to our stakeholders.”

This year’s Clean200 companies rose to the top of a pool of 8,480 global firms based on rigorous assessment of the amount of revenue each company earns from products and services aligned with the Corporate Knights Clean Economy Taxonomy.

CapitaLand’s commitment to lowering carbon footprint

CapitaLand’s 2030 Sustainability Master Plan launched in October 2020 includes a carbon emissions reduction target which is validated by Science Based Targets Initiative.  CapitaLand has been increasing the use of renewable energy and have installed solar panels atop seven buildings in Singapore as at 31 December 2021, with more in the pipeline.  Energy generated through this renewable source will contribute to lowering CapitaLand’s carbon footprint.  This includes powering its corporate offices in Singapore since 2020.  The solar panels will generate a total of 11,462 megawatt hours of renewable energy.  It will help to avoid over 4,676 tonnes of carbon emissions, equivalent to energy for over 2,400 households annually.

For its second edition of CapitaLand Sustainability X Challenge (CSXC), CSXC 2022, one of the key themes is decarbonisation.  CSXC 2022 will see an increased funding by up to S$650,000 (about over VND10 billion [1]) for the top 10 projects to be piloted at the Group’s global network of properties.  CapitaLand provides its innovators with access to a range of real estate asset classes globally and typologies in varying climatic conditions to implement their solutions.  Shortlisted teams will be mentored by leading industry experts to prepare them for their pitch to a distinguished panel of judges in July 2022.

CapitaLand’s track record in sustainable finance

To measure the value created through its sustainability efforts, CapitaLand uses financial as well as environmental metrics such as carbon emissions, energy consumption, and water usage.  To date, CLI and its listed REITs and business trusts have partnered with 12 financial institutions to secure a total of S$7 billion (approximately VND117 trillion [2]) through sustainable finance comprising sustainability-linked loans, green loans, green bonds and perpetual securities.  CLI will also redeploy interest rate savings from its sustainability-linked loans towards its green initiatives.

Continually recognised as a global sustainability leader by international indices

In addition to ‘Carbon Clean 200’, CapitaLand has received numerous other recognitions for its sustainability leadership:

·         Global 100 Most Sustainable Corporations in the World Index

·         Global Sustainability Yearbook

·         Global Real Estate Sustainability Benchmark

·         Dow Jones Sustainability World Index

·         Dow Jones Sustainability Asia Pacific Index

·         MSCI ESG Leaders Index

·         FTSE4Good Index Series

CapitaLand's sustainability efforts in Vietnam

To date, CapitaLand Development (CLD), a development arm of CapitaLand Group, has five green-certified buildings in its portfolio in Vietnam, which includes d’Edge Thao Dien, Feliz en Vista and Vista Verde in Ho Chi Minh City as well as Mulberry Lane and Seasons Avenue in Hanoi.  Heritage West Lake in Hanoi and DEFINE in Ho Chi Minh City, two of CLD’s latest developments are set to be green-certified developments having received the Green Mark (Provisional) and Green Mark Gold (Provisional) award respectively by Singapore’s Building & Construction Authority.  CLD through CapitaLand Hope Foundation, CapitaLand’s philanthropic arm, has also developed CapitaLand Hope Schools with green features.  CapitaLand Tan Tay Hope Kindergarten in Long An Province was built in 2019 with local sustainable materials, comprising a two-storey classroom block with good ventilation and natural lighting for energy efficiency.

[1] Based on the exchange rate of S$1 to VND16,739.45

[2] Based on the exchange rate of S$1 to VND16,739.45

About CapitaLand Development (Vietnam) (https://www.capitaland.com/vn)

CapitaLand Development (CLD) is the development arm of the CapitaLand Group, with a portfolio worth approximately S$22.0 billion as at 30 September 2021.  CLD’s well-established real estate development capabilities span across various asset classes, including integrated developments, retail, office, lodging, residential, business parks, industrial, logistics and data centres.

CLD (Vietnam) oversees and grows CLD’s investment and development business in Vietnam, one of CLD’s core markets where it has built an extensive presence over 28 years.  CLD (Vietnam)’s portfolio comprises two integrated developments, over 12,000 quality homes across 16 residential developments and one retail mall in Hanoi and Ho Chi Minh City.  Its strong expertise in master planning, land development and project execution has won numerous accolades including Asia Pacific Property Awards, PropertyGuru Asia Property Awards, PropertyGuru Vietnam Property Awards and Golden Dragon Award.

CLD aspires to be a developer of choice that goes beyond real estate development to enrich lives and uplift communities.  It is committed to continue creating quality spaces for work, live and play in the communities in which it operates, through sustainable and innovative solutions.

As part of the CapitaLand Group, CLD places sustainability at the core of what it does.  As a responsible real estate company, CLD complements CapitaLand’s businesses through its contributions to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.

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