CapitaLand Group receives top recognition for excellence in corporate governance and sustainability
Achieves top rankings on the Singapore Governance and Transparency Index and retains listing on FTSE4Good Index Series
Singapore, 4 August 2020 – CapitaLand’s real estate investment trusts (REITs) have swept the top three positions in the Singapore Governance and Transparency Index (SGTI) 2020 under the ‘REIT and Business Trust’ category for the second consecutive year. CapitaLand Commercial Trust (CCT) ranked number one, followed by CapitaLand Mall Trust (CMT) and Ascott Residence Trust. CapitaLand is the fourth highest ranked company in the ‘General’ category.
A total of 577 Singapore-listed companies and 45 trusts were assessed and ranked in the SGTI, the leading index for assessing corporate governance practices of Singapore-listed companies. The SGTI assesses companies based on criteria such as board responsibilities, rights of shareholders, stakeholder engagement which includes sustainability management, accountability and audit, as well as disclosure and transparency.
CapitaLand, CCT and CMT have also been listed as constituents in this year’s FTSE4Good Index Series. CapitaLand has been included for the seventh consecutive year since 2014. 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. The index is also referenced by the industry when creating or assessing sustainable investment products.
Ms Lynette Leong, Chief Sustainability Officer, CapitaLand Group said: “CapitaLand’s achievements and dedication towards ESG distinguish us as a responsible real estate company. We integrate sustainability in our business strategies throughout our real estate life cycle, and strong corporate governance is the cornerstone of our organisation’s resilience. Amid COVID-19, CapitaLand continues to be transparent with our stakeholders, proactively communicating key updates and ensuring the safety and well-being of our staff, tenants, customers and partners. We remain committed to contributing to the environmental and social well-being of our communities as we deliver long-term value for our stakeholders.”
For more information about SGTI and the FTSE4Good Index Series, please refer to Annex A.
CapitaLand’s inclusion in the SGTI and FTSE4Good Index Series add to the Group’s listings in other sustainability-linked rankings and indices in the region and globally in 2020. CapitaLand was ranked 63rd in the Global 100 Most Sustainable Corporations in the World 2020. CapitaLand also emerged as the top real estate company in Singapore and Southeast Asia in ‘The Sustainability Yearbook’ 2020 rankings by S&P Global, in cooperation with RobecoSAM. Ranked amongst the top 10 real estate companies in the world, CapitaLand has been listed in ‘The Sustainability Yearbook’ for over a decade.
In CapitaLand’s 11th Global Sustainability Report released in May 2020, the Group reported that it has achieved utilities cost avoidance of S$208 million in 2019 since 2009. In 2019, the Group’s energy and water consumption intensities were reduced by 19.2% and 22.4% respectively from the base year of 2008. CapitaLand also achieved a 29.4% reduction in carbon emissions intensity since 2008.