- Oct. 18, 2022
-- CapitaLand Investment Limited (CLI) and its real estate investment trusts (REITs) and business trusts have once again received top 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, placing them in the top 20% of the benchmark globally. 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.
With CLI's, CICT's and CLAS' ratings on 2022 GRESB, they will obtain interest rate savings from their existing sustainability-
linked loans and bond based on their GRESB achievements. To date, CLI and its listed REITs and business trusts have partnered with 17 financial institutions to secure a total of S$10.9 billion in sustainable finance comprising sustainability-
linked loans and bond, green loans, green bonds and perpetual securities. In 2022, CLI and its listed REITs and business trusts have secured S$4 billion through 18 sustainable financing instruments, of which S$1.3 billion from seven sustainability-
linked loans are pegged to their performance on GRESB.
Mr 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."
For full release: https://bit.ly/CLIGRESB22Em