CapitaLand Group achieves top rankings in corporate governance and sustainability indices
Singapore, 7 August 2019 – CapitaLand Limited is the third highest ranking company and has topped the real estate sector in the Singapore Governance and Transparency Index (SGTI) 2019, in the General category for the second consecutive year. A total of 578 Singapore-listed companies and 46 trusts were assessed and ranked in the SGTI, the leading index for assessing corporate governance practices of Singapore-listed companies.[1]
CapitaLand’s stable of Real Estate Investment Trusts (REIT) swept the top positions in the REIT and Business Trust category. CapitaLand Commercial Trust (CCT) was ranked number one, followed by CapitaLand Mall Trust (CMT), Ascott Residence Trust and CapitaLand Retail China Trust in second, third and fourth spots respectively. Ascendas Reit was in eighth position. The SGTI assesses companies based on their corporate governance disclosure and practices, as well as the timeliness, accessibility and transparency of their financial results announcements.
CapitaLand, CCT and CMT have also been listed as constituents in this year’s FTSE4Good Index Series. CapitaLand has been included for the 6th consecutive year while both CMT and CCT have also retained their listings since 2007 and 2009 respectively. The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices.[2]
Mr Tan Seng Chai, Chief Corporate & People Officer of CapitaLand Group said: “As one of Asia’s largest diversified real estate groups, CapitaLand’s excellence in ESG is a defining aspect of who we are as a responsible real estate company. We are responsible to our shareholders as well as the communities we operate in. We continue to build on the trust and respect CapitaLand has gained through excellence in corporate governance, accountability, transparency and sustainability. With the successful combination of CapitaLand and Ascendas-Singbridge, we now have greater scale and deeper capabilities to achieve further growth and we remain committed to enhancing long-term value for our stakeholders.”
CapitaLand’s inclusion in the SGTI and FTSE4Good add to the Group’s listings in other sustainability-linked indices in the region and globally. CapitaLand is one of only two Singapore companies in the Dow Jones Sustainability Index (DJSI) World and is the only company in Asia amongst the top 10 real estate firms in the index. CapitaLand has been included in the index for seven years in a row. It is also the longest-standing Singapore company in the Dow Jones Sustainability Asia Pacific Index for a decade consecutively. CapitaLand is also ranked 33rd in the Global 100 Most Sustainable Corporations in the World 2019. CapitaLand remains the only Singapore real estate company to receive the “Bronze Class” distinction in The Sustainability Yearbook 2019 by RobecoSAM, an investment specialist focused on sustainability investing. CapitaLand is also listed in the MSCI Global Sustainability Indices, Euronext VigeoEiris Indices World 120, and STOXX® Global ESG Leaders Indices.
[1][2] For more about Singapore Governance and Transparency Index (SGTI) and the FTSE4Good Index Series, please refer to Annex A.