To further its green initiatives, CLCT secured $300 million worth of sustainability-linked loans in FY2022, double the $150 million it secured from United Overseas Bank (SGX:U11
) in September 2021. The REIT’s maiden sustainability-linked loan in 2021 marked the first time an S-REIT did so for a China portfolio.
Despite CapitaLand China Trust’s (CLCT) (SGX:AU8U) challenging year during China’s various lockdowns since the onset of Covid in 2020, the manager continues to pivot towards a greener future.
During 2022, CLCT participated in the Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment and scored a GRESB Public Disclosure rating of “A”.
