CapitaLand Group (CapitaLand) has retained top positions as the ‘Global, Regional and Asia Sector Leader’ in the 2021 Global Real Estate Sustainability Benchmark (GRESB) rankings for its exceptional Environment, Social and Governance (ESG) management and performance. CapitaLand retained the highest rating of 5 stars and is the only real estate company in Singapore to win ‘Global Sector Leader’ in the ‘Diversified – Listed’ category four times. It is also the first real estate company in Singapore to be consistently ranked among the top five in Asia since 2011.
CapitaLand Investment’s (CLI)1 real estate investment trusts (REITs) and business trusts have also been recognised as industry leaders in their respective categories. In its first participation of GRESB, Ascott Residence Trust (ART) was named ‘Global Sector Leader – Hotel’ and ranked top in the ‘Asia Pacific Hotel – Listed’ category. CapitaLand Integrated Commercial Trust (CICT) maintained the highest 5-star rating, which is at the top 20% globally in the benchmark. CapitaLand, CICT, Ascendas Real Estate Investment Trust (Ascendas Reit), ART and CapitaLand China Trust (CLCT) were awarded an ‘A’ for public disclosure.
With CapitaLand’s ratings on GRESB 2021, it will obtain interest rate discounts from its existing sustainability-linked loans tied to its achievements in GRESB. CLI has just secured another sustainability-linked loan, its first from MUFG Bank, Ltd, Singapore branch, of S$400 million which is also pegged to CLI’s performance on GRESB. CLI’s India property trust, Ascendas India Trust (a-iTrust) has also secured a S$150 million sustainability-linked loan from United Overseas Bank Limited. With these two latest sustainability-linked loans, CapitaLand and its listed REITs and business trusts have secured a total of S$7.1 billion through sustainable finance to date.