CapitaLand is ranked the world’s most sustainable corporation in real estate development and management
Sixth inclusion in Global 100 Most Sustainable Corporations in the World
Singapore, 23 January 2018 – CapitaLand is the top ranking real estate development and management company in the Global 100 Most Sustainable Corporations in the World by Corporate Knights Inc. The list of 100 companies represents the top 2% in the world on sustainability performance and the ranking is widely noted as the global standard in corporate sustainability analysis. This is CapitaLand’s sixth inclusion in the prestigious ranking. The full rankings were unveiled during the World Economic Forum 2018 in Davos, Switzerland.
“Being recognised as the global real estate leader in sustainability, amongst the world’s top 100 companies is testament of CapitaLand’s ongoing efforts to integrate sustainability into our business and properties across geographies and asset classes. This will motivate us as a company to continue to grow in tandem with the communities we operate in, deepening our collaborations with our stakeholders to improve the economic, environmental and social well-being of our shared communities. As we grow our portfolio worldwide, we will continue to innovate and intensify our sustainability efforts as a responsible global corporate citizen.”
Chief Executive Officer of Corporate Knights, Mr Toby Heaps said: “Investors and employees are increasingly placing greater emphasis on sustainability. CapitaLand has demonstrated long-term commitment to sustainability having been included in the Global 100 ranking for the sixth year. Congratulations to CapitaLand for leading the way in the real estate industry through its efforts to dovetail its expansion with its sustainability efforts, and pursue financial viability while making our society a better place.”
CapitaLand believes in being transparent with its environment, social and governance (ESG) efforts. It published its first annual sustainability report in 2009, making it one of the first companies in Singapore to do so voluntarily. This was ahead of the Sustainability Reporting Guidelines introduced by Singapore Exchange (SGX) in 2011, and well before SGX introduced sustainability reporting requirements for Singapore-listed companies in 2016.
CapitaLand is also one of the few real estate developers to cover its international property portfolio across over 20 countries and global workforce of more than 12,700 staff in its sustainability report. In 2017, CapitaLand published its eighth Global Sustainability Report, highlighting that the Group had reduced its carbon emissions intensity and water intensity by 26.2% and 21.8% respectively as compared with 2008, exceeding its 2020 reduction targets of 23% and 20%. The report referenced the United Nations (UN) Sustainable Development Goals (SDG) and was prepared in accordance with the latest Global Reporting Initiative (GRI) Standards: Core Option. It continued to apply the Guiding Principles of the International Integrated Reporting (IIRC) Framework as well as ISO 26000:2010 Guidance on Social Responsibility. The entire report was externally assured to AA1000 Assurance Standard, with all figures, statements and claims related to sustainability during Financial Year 2016 and the accuracy and reliability of its statements and figures validated. The assurance engagement was conducted in accordance with the International Standard on Assurance Engagements 3000 (ISAE 3000).
For its sustainability efforts, CapitaLand is also listed in the Dow Jones Sustainability World Index and Asia Pacific Index, Global Real Estate Sustainability Benchmark (Regional Sector Leader for Asia, Diversified), FTSE4Good Index Series, MSCI Global Sustainability Indexes, Euronext Vigeo Eiris Indices World 120, STOXX® Global ESG Leaders Indices, and SGX Sustainability Indices.
Please refer to the Annex for details on 2018 Global 100 Most Sustainable Corporations in the World.
Companies named in the 2018 Global 100 index are the top overall sustainability performers in their respective industries, selected from a pool of 5,994 publicly listed companies. Companies were first screened based on sustainability disclosure practices, financial health, product categories and financial sanctions in terms of sustainability-related fines, penalties or settlements. This year’s methodology included a new weighting system based on an impact algorithm and the clean revenue indicator. Shortlisted companies were assessed on up to 17 key performance indicators (KPIs) that are deemed relevant for their Global Industry Classification Standard (GICS), including five universal KPIs applicable to all GICS industries. To match the industry composition of the benchmark, each sector is assigned a fixed number of slots in the Global 100, based on each sector’s contribution to the total market capitalisation of the Global 100’s financial benchmark, the MSCI All Country World Index (ACWI). The ranking is based on publicly disclosed data such as financial fillings and sustainability reports.