CapitaLand ranks among the Global 100 most sustainable corporations in the world for the seventh time
Jumps 65 places up the rankings from the previous year
Singapore, 22 January 2019 – CapitaLand has been ranked in the Global 100 Most Sustainable Corporations in the World index by Corporate Knights Inc for the seventh year. Ranked 33rd, CapitaLand jumped 65 places from the previous year. Highly competitive, the index of 100 companies represents the top 1.3% in the world on sustainability performance.
Mr Tan Seng Chai, Group Chief People Officer of CapitaLand Group and Chairman of the CapitaLand Sustainability Steering Committee, said: “Being recognised as one the world’s most sustainable real estate players affirms CapitaLand’s efforts to place sustainability as an integral part of CapitaLand’s global business. This focus not only allows us to future-proof our business, but to also safeguard the long-term interests of our stakeholders. From developing sustainable and accessible buildings, to our corporate philanthropy and governance efforts, we seek to enhance the economic, environmental and social well-being of the communities we operate in.”
Chief Executive Officer of Corporate Knights, Mr Toby Heaps said: “CapitaLand achieved this strong result due to top quartile performance for linking executive compensation to sustainability targets, and high clean revenue exposure generated from its green real estate portfolio. Investing in sustainability makes good business and with the recent conclusion of the Paris Agreement Rulebook, we believe investors will continue to pay increased attention to companies with strong sustainable practices. The Global 100 Index is proof that companies can serve the needs of the society and continue to achieve financial growth.”
To determine the Global 100 rankings, some 7,500 companies with over US$1 billion in revenues were analysed against global industry peers on a suite of up to 21 quantitative key performance indicators. Weighted to reflect each industry’s impact the indicators measured more than environmental, social and governance (ESG) efforts, but also the financial strength of the companies. The index is widely noted as the global standard in corporate sustainability analysis. The full rankings were unveiled today at the opening of World Economic Forum 2019 in Davos, Switzerland.
In CapitaLand’s latest Global Sustainability Report, CapitaLand reported a 29.4% reduction in carbon emissions intensity from 2008 to 2017, exceeding its 2020 target of 23%. It has achieved 23.4% and 24.1% energy and water reduction (per m2 from base year 2008) respectively, exceeding its 2020 target of 20%. This resulted in S$140 million in utilities cost avoidance since 2009. CapitaLand aims to reduce its carbon emissions and water intensity by 30% by 2030 as well as energy intensity by 25% by 2030.
In Singapore, 93% of CapitaLand’s existing buildings (by m2) has at least a Green Mark Gold rating and it targets to achieve green certification of all its existing properties in Singapore by 2020 and worldwide by 2030.
CapitaLand’s Track Record in Global Sustainability
Present across more than 160 cities in over 30 countries, CapitaLand’s efforts in sustainability across its global operations has garnered international and regional recognition.
CapitaLand was the first to secure Asia’s real estate sector’s first and largest sustainability-linked loan from DBS Bank. The five-year term S$300 million multi-currency loan is also Singapore’s largest sustainability-linked financing provided by a sole lender.
CapitaLand is one of only two Singapore companies in the Dow Jones Sustainability Index (DJSI) World and was 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.
Being recognised as one the world’s most sustainable real estate players affirms CapitaLand’s efforts to place sustainability as an integral part of CapitaLand’s global business. This focus not only allows us to future-proof our business, but to also safeguard the long-term interests of our stakeholders.
Somerset Ho Chi Minh City, Vietnam is a Building & Construction Authority of Singapore (BCA) Green Mark GoldPLUS rated property. It is the highest BCA Green Mark rated property in Vietnam and in CapitaLand’s portfolio in Vietnam
CapitaLand is also ranked amongst the Top 100 and the highest ranked Southeast Asian company in Forbes’ 2018 Global 2000: Top Regarded Companies.
In addition, CapitaLand is the only Singapore company to receive the “Silver Class” distinction in real estate, in RobecoSAM’s The Sustainability Yearbook 2018. CapitaLand is included in the FTSE4Good Indices for the 5th consecutive year. The FTSE4Good Indices comprise companies that have demonstrated strong environmental, social and governance policies and practices.