CapitaLand’s Westgate mall was awarded Green Mark Platinum and Universal Design Platinum by the Building and Construction Authority. (Photo: CapitaLand)
CapitaLand has been named the most sustainable diversified real estate developer in Asia by the Global Real Estate Sustainability Benchmark (GRESB) for the sixth consecutive year.
The GRESB also recognised CapitaLand Mall Trust, Singapore’s first and largest real estate investment trust, as Asia’s most sustainable listed shopping mall owner.
An industry-driven organisation, the GRESB assesses the environmental, social and governance (ESG) performance of real assets globally, including property portfolios.
In addition, CapitaLand was listed in the Dow Jones Sustainability World Index for the fifth year in a row, making it one of only two Singapore companies to be included in the global listing.
CapitaLand also retained its listing in the Dow Jones Sustainability Asia Pacific Index for an eighth year. It was the first Singapore company to be included in the regional index when it was launched in 2009, and remains the longest-standing company from Singapore to be listed in the index.
Its recognition by the GRESB and inclusion in the Dow Jones Sustainability Indices add to its growing list of sustainability achievements for 2016.
The group was listed in January in the Global 100 Most Sustainable Corporations in the World by Corporate Knights and in RobecoSAM’s The Sustainability Yearbook 2016 with a Bronze Class award.
In April, CapitaLand was included in FTSE Russell’s FTSE4Good ASEAN 5 Index, and in the SGX Sustainability Indices in May.
It retained its listing for the third year running on the MSCI Global Sustainability Index in August, and was also included for the first time in the MSCI Global Socially Responsible Investment (SRI) Index Series.
Tan Seng Chai, Group Chief Corporate Officer of CapitaLand and Chairman of the CapitaLand Sustainability Steering Committee, said: “These results are deeply encouraging and affirm the path that CapitaLand has taken towards creating long-term value for our investors by growing our business in a sustainable manner. We will stay the course, and are committed to remaining profitable while improving the economic and social well-being of our stakeholders.”
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
