CapitaLand scores global recognition for sustainable practices in Dow Jones Sustainability World Index for seventh consecutive year
Longest-standing Singapore company in Dow Jones Sustainability Asia Pacific Index for 10 years running
Singapore, 13 September 2018 – CapitaLand has been listed in the Dow Jones Sustainability World Index (DJSI World) for the seventh year in a row. CapitaLand is one of only two Singapore companies to enter the world listing. CapitaLand has also retained its listing in the Dow Jones Sustainability Asia Pacific Index, marking the Group’s consecutive listing in the regional index for a decade. CapitaLand remains the longest-standing Singapore company recognised in DJSI Asia Pacific Index, having been the first in the country to be listed when the regional index was launched in 2009.
CapitaLand has also retained its 5 Star rating in the 2018 Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment. CapitaLand was also awarded an “A” for Public Disclosure in the same survey.
Mr Tan Seng Chai, Group Chief People Officer of CapitaLand Group and Chairman of the CapitaLand Sustainability Steering Committee, said: “CapitaLand’s inclusion in these global and regional sustainability indices is a strong affirmation of our environmental, social and governance (ESG) practices over the years. This enables CapitaLand to build a resilient business and we remain committed to grow our business sustainably to deliver long-term value for our stakeholders.”
“As a responsible developer, we recognise that sustainability requires a collective effort. We seek to combine smart sustainable designs with active placemaking initiatives to engage our customers, stakeholders and staff together, playing an active role in enhancing our shared communities,” he added.
Taking Climate Action
In Singapore, more than 90% of CapitaLand’s existing properties have received at least a Green Mark Gold rating and CapitaLand has pledged to green its existing properties globally by 2030. CapitaLand has also pledged to take climate action and improve its efficiencies in water and energy use, as well as to reduce its carbon emissions intensity with Singapore’s Ministry of Environment and Water Resources in Singapore’s Year of Climate Action. This commitment and effort to green CapitaLand’s portfolio has led to a year of continued achievements in other international and local sustainability indices and awards.
Transparent Sustainability Reporting
CapitaLand is transparent with its ESG efforts. It published its first annual sustainability report in 2009, making it one of the first companies in Singapore to do so voluntarily before the reporting guidelines and requirements by Singapore Exchange (SGX) in 2011 and 2016 respectively. CapitaLand’s Global Sustainability Report is also externally assured with all figures, statements and claims related to sustainability, validated. Highlights from CapitaLand’s 2018 Global Sustainability Report include:
29.4% reduction in carbon emissions intensity since 2008, exceeding its 2020 target of 23%
S$140 million in utilities cost avoidance since 2009, arising from 23.4% and 24.1% energy and water reduction (per m2 from base year 2008) respectively
4,300 tonnes of recyclable waste diverted from landfills, including 22 tonnes of e-waste
About 35% of senior management positions filled by women
Over 59 training hours per staff
Rolled out CapitaLand Supply Chain Code of Conduct progressively to influence its supply chain to operate responsibly in the areas of anti-corruption, human rights, health and safety, as well as environmental management
The Dow Jones Sustainability Indices (DJSI) are the first global sustainability benchmarks that track the stock performance of the world's leading companies in terms of economic, environmental and social criteria. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios and provide an effective engagement platform for investors who wish to encourage companies to improve their corporate sustainability practices. For more information, please visit: http://www.sustainability-indices.com/index-family-overview/djsi-family-overview/index.jsp
The Global Real Estate Sustainability Benchmark (GRESB) is an industry-driven organisation committed to assessing the environmental, social and governance (ESG) performance of real assets globally, including real estate portfolios. GRESB data is used by its members, which include pension funds and their fiduciaries, to optimise the risk and return profile of their investments. For more information, please visit: https://gresb.com/
In recognition of CapitaLand’s ESG efforts, CapitaLand’s inclusion in the DJSI indices and GRESB add to the achievements that the Group has obtained this year:
CapitaLand was the top ranking real estate development and management company in the Global 100 Most Sustainable Corporations in the World by Corporate Knights Inc. This is CapitaLand’s sixth inclusion in the annual global ranking.
CapitaLand remains the only Singapore company to receive the “Silver Class” distinction in real estate, in RobecoSAM’s The Sustainability Yearbook 2018.
CapitaLand Commercial Trust (CCT) held top spot in this year's Governance Index for Trusts (Gift) as it moved up from eighth place last year.
CapitaLand’s stable of real estate investment trusts listed in Singapore were amongst the top REITs in the Singapore Governance and Transparency Index (SGTI) 2018. CapitaLand Mall Trust (CMT) lead the REIT and Business Trust category followed by CCT in second place, both taking top two positions for the second consecutive year. Ascott Residence Trust moved up three notches to third place this year. CapitaLand Retail China Trust was in ninth place.
CapitaLand, CMT and CCT were listed as a constituent of this year’s FTSE4Good Index Series. CapitaLand has been included for the fifth consecutive year while CMT and CCT have also retained their listings.