CapitaLand is the only company in Asia to be named Global Sector Leader by the Global Real Estate Sustainability Benchmark
Singapore, 5 September 2013– CapitaLand Limited (CapitaLand) has been named both the Regional Sector Leader for Asia and the Global Sector Leader in the ‘Diversified’ property category by the Global Real Estate Sustainability Benchmark (GRESB). Among 74 real estate companies and funds surveyed in Asia, CapitaLand is the only organisation to be named a Global Sector Leader. This is also the third consecutive year that CapitaLand has been named a Regional Sector Leader for Asia since GRESB was incepted in 2011. Sector leaders are recognised for their outstanding performance among regional peers and their best practices in sustainability performance illustrate the way forward for the real estate industry
GRESB today announced the release of its 2013 Report, which is based on sustainability data gathered from 543 real estate companies and funds, providing aggregate information on 49,000 properties in 46 countries across the globe. Together, the 543 real estate companies and funds surveyed represent US$1.6 trillion in gross asset value.
Companies were nominated by institutional investors to take part in the GRESB Survey. The survey is based on a broad view of sustainability indicators, comprising seven aspects: management; policy and disclosure; risks and opportunities; monitoring and environment management system; performance indicators; building certification and benchmarking; and stakeholder engagement. Collectively, these aspects provide important contributions to strong sustainability performance, beyond efficient use of energy and water and the reduction of greenhouse gas emissions and waste.
More than 50 institutional investors, representing on aggregate US$6.1 trillion of institutional capital, now use the GRESB benchmark results in the various stages of the investment management and engagement process, with a clear goal to optimise the risk/return profile of their real estate investments.
Mr Lim Ming Yan, President & Group CEO, CapitaLand Limited, said: “We are pleased to be recognised by GRESB as the Regional Sector Leader for Asia and the Global Sector Leader in the ‘Diversified’ property category. This achievement attests to our commitment to sustainability across our multi-sector real estate portfolio spanning over 110 cities in more than 20 countries worldwide.”
Mr Lim added: “Sustainability is integral to our business. We will continue our Group-wide efforts to develop and operate our properties in a ‘green’ manner, engage our stakeholders in our sustainability drive and contribute to the well-being of our employees and the community in a responsible and ethical way.”