CLAS retains top sustainability ranking as Global Sector Leader in GRESB for 2nd consecutive year

SINGAPORE - Oct. 18, 2022 - PRLog -- CapitaLand Ascott Trust (CLAS) has been named 'Global Sector Leader - Hotel' and ranked first in the 'Asia Pacific Hotel – Listed' category in the 2022 GRESB Real Estate Assessment (GRESB) for the second consecutive year.  CLAS also scored 'A' for public disclosure for the second year running.

In recognition of its outstanding leadership in sustainability, CLAS is also the only hospitality trust from the 'Asia Pacific Hotel – Listed' category to receive the highest rating of 5 stars this year, placing CLAS in the top 20% of the benchmark globally.  CLAS improved its performance from a 4-star rating last year to receive its first 5-star rating in 2022.

Ms Serena Teo, Chief Executive Officer of CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd. (the Managers of CLAS) said: "CLAS places sustainability at the core of everything we do, from greening our global portfolio, reducing our carbon footprint and incorporating sustainability into our investment and financing decisions.  Being recognised as a global sector leader in GRESB for the second consecutive year is an affirmation of our leadership in sustainability.  We are pleased to be the only hospitality trust in Asia-Pacific to receive the coveted 5-star rating from GRESB.  These achievements will enhance CLAS' standing as not only the proxy hospitality trust in Asia-Pacific but also as one of the most sustainable investment trusts."

"As we expand CLAS' footprint globally to deliver long-term sustainable value to our Stapled Securityholders, we also continue to work with our operators and lessees to green our properties globally, and strengthen our environmental, social and governance (ESG) efforts in the communities we operate in," added Ms Teo.

For full release: https://bit.ly/CLASGRESBEm