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CapitaLand Investment, its listed trusts get 5star rating in 2022 GRESB RE Assessment

October 18, 2022 CapitaLand Investment Limited (CLI) and its real estate investment trusts (REITs) and business trusts have received recognition for their sustainability achievements in the 2022 GRESB Real Estate Assessment. CLI and CapitaLand Integrated Commercial Trust (CICT) both maintained the highest 5-star rating. CapitaLand Ascott Trust (CLAS) is the only hospitality trust in the ‘Asia Pacific Hotel – Listed’ category to receive a 5-star rating. CLAS also retained the ‘Global Sector Leader – Hotel’ position and is first in the ‘Asia Pacific Hotel – Listed’ category for the second consecutive year. CLI, CLAS, CICT, CapitaLand Ascendas REIT, CapitaLand China Trust and CapitaLand India Trust were awarded an ‘A’ for public disclosure. CapitaLand is also the first real estate company in Singapore to be consistently ranked among the top 20% since 2011.

Vinamra Srivastava, CLI’s Chief Sustainability Officer, said: “CLI integrates sustainability into every stage of the real estate life cycle, from investment to development, operations, and financing. Our strong environmental, social and governance (ESG) performance continues to be recognised by prestigious international indices such as GRESB. This allows us to achieve interest rate savings from our sustainability-linked loans and bond, quantifying the value of our ESG impact. The savings are channeled to fund decarbonisation initiatives and innovations, accelerating our transition to a greener future. Leveraging technology to increase efficiency in energy and water can yield tangible financial results and is a key lever in our carbon mitigation hierarchy.”

Ruben Langbroek, GRESB’s Head of Asia Pacific, said: “We would like to commend CLI and its listed trusts for consistently achieving top ratings in the GRESB assessments. CapitaLand has been an early participant in the GRESB assessments since 2011 and it has continued to demonstrate leadership in sustainability in the real estate sector. By pegging their sustainability- linked loans to their GRESB rankings, CLI and its listed trusts have shown their commitment to delivering tangible results to investors. We encourage more organisations to adopt GRESB for their sustainable financing as we progress towards a climate-resilient future.”

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