SINGAPORE (Sept 17): CapitaLand has been listed on Dow Jones Sustainability World Index and the Global Real Estate Sustainability Benchmark, receiving international recognition for its sustainability efforts.
The real estate developer is one of two Singapore companies on the DJSI World Index this year, and has been listed on the index for eight years running. CapitaLand has also been listed on the Dow Sustainability Asia Pacific Index for 11 years running, making it the first and longest-standing company to be listed consecutively on the index.
The inclusion in the DJSI indexes is tied to CapitaLand’s sustainability-linked loans worth $600 million. These loans will see interest rates being reduced with the counter’s environmental, social and governance metrics, which includes maintaining a listing on the DJSI indexes.
“Dovetailing CapitaLand’s ESG efforts with our cost of funding demonstrates CapitaLand’s commitment to embed sustainability into our business and to encourage others in the business community to do the same,” says Andrew Lim, Group Chief Financial Officer, CapitaLand Group.
“We are delighted to have the support of banking partners that share a similar long-term commitment to sustainability, and we look forward to continue working together to identify and develop innovative ideas on sustainability-linked financing,” he adds.
CapitaLand has also come in first place in the Global Real Estate Sustainability Benchmark across four categories. Internationally, it also topped the “Global Diversified – Listed” category.
Meanwhile, CapitaLand’s real estate investment trusts also made appearances in this benchmark.
While CapitaLand was the leader in the “Asia Pacific Diversified” and “Asia Diversified – Listed” categories, CapitaLand Mall Trust (CMT) topped the “Asia Retail – Listed” category.
CapitaLand, CMT, CapitaLand Commercial Trust and CapitaLand Retail China Trust all scored ‘A’ for public disclosure in the benchmark.
“CapitaLand’s inclusion in these international indices affirm our reputation as a global real estate leader in sustainability. Our emphasis on sustainability extends beyond playing our part as a responsible global corporate citizen,” says Lynette Leong, Chief Sustainability Officer, CapitaLand Group.
“We aim to future-proof our business as we work towards delivering long-term value for our stakeholders, and our achievement of interest savings as a result of our sustainability efforts shows that we can also do well when we do good and do right,” she adds.
CapitaLand is targeting to achieve a 100% green certification of its global portfolio by 2030, with at least 20% energy consumption from renewable energy by 2025.
