SINGAPORE -
Oct. 3, 2023 -
PRLog -- CapitaLand Investment Limited (CLI) and its real estate investment trusts (REITs) and business trusts have achieved top recognition for their sustainability achievements in the 2023 GRESB Real Estate Assessment. CLI and CapitaLand Integrated Commercial Trust (CICT) maintained the highest 5-star rating, placing them in the top 20% of the benchmark globally. For the first time, CapitaLand China Trust (CLCT) received a 5-star rating. CapitaLand Ascendas REIT (CLAR), CapitaLand Ascott Trust (CLAS) and CapitaLand India Trust (CLINT) received a 4-star rating. CLAS also retained the top position in the hotel category for the third consecutive year. CLI, CICT, CLCT, CLAR, CLAS and CLINT 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 GRESB 2023, they will obtain interest rate savings from their existing sustainability-
linked loans based on their GRESB achievements. As at 30 June 2023, CLI and its listed REITs and business trusts have partnered with 19 financial institutions to secure a total of S$14 billion in sustainable finance comprising sustainability-
linked loans and bonds, green loans, green bonds and perpetual securities. In 1H 2023, CLI and its listed REITs and business trusts have secured S$2.8 billion through 11 sustainable financing instruments, of which S$1.6 billion from six sustainability-
linked loans are pegged to their performance on GRESB.
Mr Vinamra Srivastava, CLI's Chief Sustainability Officer, said: "CLI integrates sustainability into everything we do, including our business strategies, investments, operations, financing and in developing the capabilities of our employees. The continuous recognition by prestigious international indices such as GRESB is a testament to our long-term commitment to environmental, social and governance (ESG) excellence. It also builds trust and confidence amongst our stakeholders by providing a credible demonstration of the progress we have made in our ESG journey. The interest rate savings from our sustainability-
linked loans are also reinvested to fund our decarbonisation initiatives and innovations. This amplifies the positive impact we make on the environment and communities where we operate, as we seek to achieve our elevated ESG targets in our refreshed 2030 Sustainability Master Plan."
For full release:
https://bit.ly/CLIGRESB2023
