CapitaLand climbs 19 spots to be ranked 58th position on Global 100 Most Sustainable Corporations in the World
Also listed in the Sustainability Yearbook 2014 by RobecoSAM for the third consecutive year
Singapore, 22 January 2014– CapitaLand Limited has been ranked in the Global 100 Most Sustainable Corporations in the World (Global 100) by Corporate Knights, recognised as the gold standard in corporate sustainability analysis. Companies named to the Global 100 are the top overall sustainability performers in their respective industrial sectors. It is also listed in the Sustainability Yearbook 2013 by RobecoSAM, an investment specialist in Sustainability Investing.
Ranked for the third consecutive year in the Global 100 listing, CapitaLand has climbed 19 spots to 58th from its 77th position in 2013. Companies across the world with market capitalisation in excess of US$2 billion as of 1 October 2013 were screened for the listing based on the companies’ sustainability disclosure practices, financial health, product category and financial sanctions. The shortlisted companies were further assessed based on 12 quantitative sustainability indicators set out by Corporate Knights, including the amount of revenue companies generate per unit of energy consumption, the ratio of CEO to average worker salary and lost time injury rate. The performance data of each of the indicators are found in corporate financial statements, sustainability reports, Bloomberg and other third-party sources, including the Carbon Disclosure Project.
CapitaLand is also listed in the Sustainability Yearbook, one of the world’s most comprehensive publications on corporate sustainability. Every year, over 3,000 of the world’s largest companies based on the S&P global BMI Index are invited to participate in RobecoSAM’s Corporate Sustainability Assessment (CSA) which identifies companies that are better equipped to recognise and respond to emerging sustainability opportunities and challenges presented by global and industry trends. To become a Sustainability Yearbook member, companies across 59 sectors must be within the top 15% of their industry and must achieve a score within 30% of the best performing industry leader’s score. For investors, the Sustainability Yearbook identifies companies that are strongly positioned to create long-term shareholder value. RobecoSAM’s annual CSA focuses on examining financially material factors that impact a company’s core business value drivers. Factors such as a company’s ability to innovate, attract and retain talent or increase resource efficiency matter from an investor’s point of view because they impact a company’s competitive position and long-term financial performance.
Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is honoured to be recognised as one of the most sustainable companies in the Global 100 Most Sustainable Corporations in the World by Corporate Knights and the Sustainability Yearbook 2013 by RobecoSAM. Sustainability is a group-wide effort that is integral to our business. Sustainability and financial performance work hand-in-hand to ensure the success of companies and CapitaLand’s top management are committed to support sustainability initiatives. We hope that our sustainability journey, along with these findings will encourage other companies to join in this worthwhile experience of operating businesses in a responsible and ethical manner.”
Mr Tan Seng Chai, Group Chief Corporate Officer of CapitaLand Limited, said: “CapitaLand was one of the first companies in Singapore to embark on its sustainability journey at such a large scale. Our journey in sustainability reporting is benchmarked against external indices and guidelines. This helps us to drive continuous improvement in the environment, social and governance aspects of sustainability. With the increased focus among the investment community in sustainability challenges such as water scarcity, rising energy costs, growing competition for human capital, it is important that we continue to future proof our portfolio and be the company of choice for investors, partners and talent.”
Mr Doug Morrow, Managing Director of Corporate Knights, said: “The Global 100 consists of the world’s top overall sustainability performers in each industry. Named to the Global 100 for the third year in a row, CapitaLand stands out as one of the world’s most sustainable real estate companies.”
For ‘leadership diversity’, one of Global 100’s sustainability indicators, 18% of the CapitaLand Board is female, almost double the 9.5% average across Singapore-based companies as published in the Singapore Board Diversity Report 2013. Females form about 27% of CapitaLand’s top management while they form almost 50% of other managerial employees in the Group.
For “innovation capacity”, another Global 100 sustainability indicator, CapitaLand invests in innovative features for its green-certified buildings. It also has a dedicated research and development fund; a prototyping testbed named ‘InnoHub’ for the Group’s residential, office, shopping mall and serviced residence projects; and its ‘ICE’ programme, a group-wide initiative which promotes Innovation, Creativity and Entrepreneurship to generate innovative ideas to improve processes and productivity within the Group.
CapitaLand remains the first and largest real estate company in Asia to achieve ISO 14001 and OHSAS 18001 certifications for its Environmental, Health and Safety Management System across 15 countries with its investment properties across Asia and Europe.
CapitaLand is also listed in the Dow Jones Sustainability World Index (DJSI World) 2013/2014 and Dow Jones Sustainability Asia Pacific Index 2013/2014. It was 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). It has also been accorded the China Best Corporate Citizen Award by the China Committee of Corporate Citizenship and CCTV2 for six consecutive years since 2008.
Please refer to the Appendix for more information on the following:
Global 100 Most Sustainable Corporations in the World
Sustainability Yearbook 2014
ISO 14001 and OHSAS 18001
About Corporate Knights
Founded in 2002, Corporate Knights is a Toronto-based media and investment advisory company focused on quantifying and animating clean capitalism drivers for decision makers.
Clean capitalism is defined as An economic system in which prices incorporate social, economic and ecological benefits and costs, and actors know the full impacts of their marketplace actions.
About Global 100 Most Sustainable Corporations in the World
The Global 100 Most Sustainable Corporations in the World (Global 100) is the world’s pre-eminent sustainability equity index. In its 10th year, the Global 100 has come to be recognised as the gold standard in corporate sustainability analysis. Announced annually during the World Economic Forum in Davos, Switzerland, the Global 100 consists of those companies that are at the top of their respective industrial sectors in terms of overall sustainability performance.
All publicly-traded companies worldwide that have a market capitalisation in excess of US$2 billion as of 31 October 2013 are automatically included in the starting universe for the Global 100 process.
Inclusion in the Global 100 is determined using 12 quantitative sustainability indicators covering resources management, human resources management and financial management as follows:
Percentage Tax Paid
CEO to Average Worker Pay
Pension Fund Status
Clean Capitalism Pay Link
For more information on Global 100, visit www.global100.org.
RobecoSAM is an investment specialist focused exclusively on Sustainability Investing. Its offerings comprise asset management, indices, private equity, engagement, voting, impact analysis and sustainability assessments as well as benchmarking services. Asset management capabilities include a range of ESG-integrated investment and theme strategies (in listed and private equity) catering to institutional asset owners and financial intermediaries across the globe. Together with S&P Dow Jones Indices, RobecoSAM publishes the globally recognized Dow Jones Sustainability Indices (DJSI). Based on its Corporate Sustainability Assessment, an annual ESG analysis of over 2,500 listed companies, RobecoSAM has compiled one of the world’s most comprehensive sustainability databases. RobecoSAM’s proprietary research and sustainability insight, gained through its direct contact with companies, are fully integrated into its investment solutions
In 1995, RobecoSAM was founded on the conviction that integrating ESG factors into traditional financial analysis leads to a better informed investment decision. RobecoSAM is a member of the global pure-play asset manager Robeco, which was established in 1929 and was acquired by ORIX Corporation in 2013. As a reflection of its own commitment to advocating sustainable investment practices, RobecoSAM is a signatory of the UNPRI and a member of Eurosif, ASrIA and Ceres. Approximately 120 professionals work for RobecoSAM, which is headquartered in Zurich. As of 30 June 2013, RobecoSAM listed and private equity* had assets under management, advice and/or license of approximately USD11.8 billion. Additionally, RobecoSAM’s Governance & Active Ownership team had EUR53 billion of assets under engagement and EUR35 billion of assets under voting.
Sustainability Yearbook 2014
Over 3,000 of the world’s largest companies, including 818 companies based in the emerging markets, are invited to participate in RobecoSAM’s Corporate Sustainability Assessment every year. Only the top 15% and those that achieve a score within 30% of the best performing industry leader’s score from each of the 59 sectors qualify for inclusion in The Sustainability Yearbook. It seeks to identify companies that are better equipped to recognise and respond to emerging sustainability opportunities and challenges presented by global and industry trends.
For more information on Sustainability Yearbook 2014, visit http://yearbook.robecosam.com.
ISO 14001 and OHSAS 18001
ISO 14001 is the internationally recognised standard for the environmental management of businesses and is audited by a third-party accredited certification body.
OHSAS 18001 is a recognised international standard for Occupational Health and Safety Management Systems and is audited by a third party accredited certification body.
CapitaLand’s global ISO 14001 and OHSAS 18001 certification covers all the markets with the Group’s investment properties, including countries such as Singapore, Australia, Belgium, China, France, Germany, India, Indonesia, Japan, Malaysia, Philippines, Spain, Thailand, United Kingdom and Vietnam.