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Real estate appraisal

CapitaLand Investment Limited Demonstrates ESG Leadership in 2024 GRESB Real Estate Assessment

Strategic Insights

— 1 min read

CapitaLand Investment Limited (CLI) and its listed REITs and business trusts have once again demonstrated their leadership in environmental, sustainability, and governance (ESG) practices, capturing top positions in the 2024 GRESB Real Estate Assessment. This is the first time all six of CLI's listed REITs and business trusts have participated in GRESB. In the 2024 assessment, CapitaLand India Trust (CLINT) achieved the highest 5-star rating for standing investments, while CapitaLand Integrated Commercial Trust (CICT) and CapitaLand China Trust (CLCT) maintained their 5-star rating for standing investments. Additionally, CLI, CapitaLand Ascendas REIT (CLAR), and CapitaLand Ascott Trust (CLAS) received a 4-star rating for standing investments. CapitaLand Malaysia Trust (CLMT) was included in ratings for the first time.

Key Takeaways:

  • CapitaLand Investment Limited and its listed REITs and business trusts have captured top positions in the 2024 GRESB Real Estate Assessment, marking the first time all six entities have participated in GRESB.
  • CapitaLand India Trust (CLINT) achieved a 5-star rating for standing investments, advancing from its 4-star rating in 2023.
  • CapitaLand Integrated Commercial Trust (CICT) and CapitaLand China Trust (CLCT) maintained their 5-star rating for standing investments.
  • CapitaLand Ascott Trust (CLAS) retained the Global Listed Sector Leader top position in the Hotel category for the fourth consecutive year.
  • CapitaLand Integrated Commercial Trust (CICT) was named Global Listed Sector Leader, Regional Sector Leader (Asia), and Regional Listed Sector Leader (Asia) in the Diversified - Office / Retail category.
  • CLI, CICT, and CapitaLand Ascott Trust (CLAS) will receive interest rate savings from current sustainability-linked loans linked to GRESB performance.
  • As at September 30, 2024, CLI and its listed REITs and business trusts have secured a total of S$19.6 billion in sustainable finance from sustainability-linked loans and bonds, green loans, green bonds, and perpetual securities.
  • CLI and its listed REITs and business trusts have secured S$3.5 billion through 18 sustainable financing instruments in 2024.

Statistics:

  • S$19.6 billion: Total sustainable finance secured by CLI and its listed REITs and business trusts as of September 30, 2024.
  • S$7.4 billion: Sustainable finance secured through sustainability-linked loans tied to GRESB performance as of September 30, 2024.
  • S$3.5 billion: Sustainable finance secured through 18 sustainable financing instruments in 2024.
  • S$1.1 billion: Sustainability-linked loans pegged to performance on GRESB secured in 2024.

Sources:

  • CapitaLand Investment Limited - Company Announcement (2024)
  • GRESB Real Estate Assessment (2024)

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