CapitaLand contributes to Singapore’s position as global sustainability leader with its fourth consecutive ranking in the Global 100 Most Sustainable Corporations in the World
It also makes its mark as the top real estate company in Asia with its listing in RobecoSAM’s Sustainability Yearbook 2015 with a ‘Bronze Class’ distinction
Singapore, 22 January 2015 – Singapore has been named a top 10 sustainability nations globally at the World Economic Forum in Davos, Switzerland today, based on the number of companies in the 2015 Global 100 Most Sustainable Corporations in the World (Global 100) by Corporate Knights. As a Singapore-headquartered company, CapitaLand is pleased to be listed for the fourth year in Global 100, recognised as the gold standard in corporate sustainability analysis. Companies named are the top overall sustainability performers in their respective industrial sectors.
CapitaLand has also made its mark as the top real estate company in Asia with its listing in RobecoSAM’s Sustainability Yearbook 2015 (Sustainability Yearbook) with a ‘Bronze Class’ distinction. As a ‘Bronze Class’ recipient, CapitaLand is among the top five real estate companies recognised globally in the Sustainability Yearbook. RobecoSAM is an investment specialist focusing exclusively on Sustainability Investing and its Sustainability Yearbook seeks to recognise the top 15% companies across various industries worldwide.
Mr Tan Seng Chai, Chairman of the CapitaLand Sustainability Steering Committee and Group Chief Corporate Officer of CapitaLand Limited, said: “CapitaLand is honoured to be ranked for the fourth consecutive year in the Global 100 Most Sustainable Corporations in the World by Corporate Knights and recognised as a ‘Bronze Class’ recipient for the first time among our six listings in the Sustainability Yearbook. These accolades are the results of our ongoing efforts to integrate sustainability into our business.”
He added: “The key performance indicators of Global 100 echo what is important to the stakeholder community. As a real estate developer, we are keenly aware of the importance of sustainability as our buildings have a lasting impact on the community. Our credo of ‘Building People. Building Communities.’ drives us to operate sustainably and responsibly as it embodies our belief that the well-being of the communities we operate in is closely linked to the success of our business.”
Michael Yow, Lead Analyst, Corporate Knights Capital, said: “As one of Asia’s leading real estate companies, the fact that CapitaLand made it to the Global 100 for the fourth consecutive time since 2012 clearly demonstrates the company’s continued commitment to sustainability, to strike the right balance in addressing the interests of its stakeholders – and CapitaLand does this really well.”
The latest accolades add to CapitaLand’s sustainability achievements across other top sustainability benchmarks such as Dow Jones Sustainability World and Asia Pacific Indices, Global Real Estate Sustainability Benchmarking (GRESB), FTSE4Good, MSCI Global Sustainability Indices, STOXX ESG Leaders Indices and Channel NewsAsia Sustainability Ranking.
CapitaLand is one of the first companies in Singapore to voluntarily publish sustainability reports annually, since 2008. The CapitaLand Global Sustainability Report 2013, based on the latest Global Reporting Initiative ‘Global 4’ Sustainability Reporting Guidelines, is available at http://www.capitaland.com/csr/sustainabilityreport/2013. It also 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.
2015 Global 100 Most Sustainable Corporations in the World
Companies named to the 2015 Global 100 index are the top overall sustainability performers in their respective industries, selected from a starting universe of 4,609 listed companies with a market capitalisation greater than US$2 billion. Companies were first screened based on sustainability disclosure, financial assessment, product category and sanctions in terms of sustainability-related fines, penalties or settlements. Shortlisted companies were then assessed based on 12 quantitative sustainability indicators set out by Corporate Knights to assess resource, employee and financial management as follows:
Innovation Capacity Percentage Tax Paid
CEO to Average Worker Pay
Pension Fund Status
Clean Capitalism Pay Link
The Global 100 consists of companies with the top overall score in each Global Industry Classification Standard (GICS) sector, developed by MSCI and Standard & Poor’s. In order to match the industry composition of the benchmark, each sector is assigned a fixed number of slots in the Global 100. The ranking is based on publicly disclosed data such as financial statements and sustainability reports.
The Sustainability Yearbook 2015 looks back at companies’ sustainability performance in 2014, includes the best 15% across each of the 59 industries and ranks them Gold, Silver or Bronze. In order to be listed in the Yearbook, companies must be within the top 15% of their industry and must achieve a score within 30% of their Industry Leader’s score. To further recognise best performers, companies with scores within a range of 5% to 10% from the score of the Industry Leader receive the RobecoSAM ‘Bronze Class’ distinction.
RobecoSAM’s annual Corporate Sustainability Assessment 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. For investors, the Yearbook identifies companies that are strongly positioned to create long-term shareholder value.
Last year, a record number of companies participated in RobecoSAM’s Corporate Sustainability Assessment. Out of more than 3,000 companies that were invited, 830 companies from 42 different countries participated.