“MINT’s sustainability framework is progressive, with targets validated by net zero (RCP 2.6) and business-as-usual (RCP 8.5) scenario analysis,” Li writes in her report dated Oct 6.
Maybank Securities analyst Li Jialin is keeping her “buy” call on Mapletree Industrial Trust (MINT) as the REIT remains focused on its environmental, social and governance (ESG) targets. ESG is a consideration that forms part of the REIT manager’s remuneration as well, the analyst notes.
Li has also kept her target price unchanged at $3 as the REIT receives an above-average score of 54 compared to the average score of 50 under Maybank’s extended ESG 2.0 methodology.
