CapitaLand Investment Continues Sustainability Leadership for 2024

CapitaLand Investment's Commitment to Sustainability

CapitaLand Investment (CLI) has solidified its role as a leading figure in sustainability as it makes significant strides toward decarbonization in 2024. This year has seen CLI actively participate in esteemed global sustainability indexes, including the Dow Jones Sustainability World Index (DJSI World) and the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific). CLI is marking its 13th and 16th consecutive years on these prestigious lists respectively.

Achievements in Sustainability Standards

CLI stands out as the only real estate company from Singapore to secure a spot on both the DJSI World and DJSI Asia Pacific indexes in the Real Estate Management and Development category. This recognition demonstrates CLI's unwavering commitment to sustainability and the ambitious environmental, social, and governance (ESG) targets it pursues.

Promoting a Sustainable Future

The DJSI indexes highlight the top 10% and 20% of companies worldwide that excel based on environmental, social, and economic criteria. These benchmarks are key for investors focused on sustainable practices and long-term value. CLI's dedication doesn't stop at these indexes, as it has been recognized in the 2024 MSCI ESG Leaders Index for the 11th year running, achieving the prestigious MSCI ESG AAA rating for the third time. This consistent recognition signifies CLI's adherence to high standards that institutional investors demand.

Enhanced Decarbonization Initiatives

This year has been pivotal for CLI as it ramps up efforts to reduce Scope 3 emissions and enhance the reduction of Scope 1 and 2 emissions. CLI is focused on lowering its environmental impact amid evolving urban demands through innovative projects. For instance, CLI's implementation of a Cooling-as-a-Service system across flagship properties in Singapore exemplifies its forward-thinking approach.

Setting Industry Standards with GRESB

CLI achieved remarkable outcomes in the 2024 GRESB Real Estate Assessment, where CapitaLand India Trust (CLINT), CapitaLand Integrated Commercial Trust (CICT), and CapitaLand China Trust (CLCT) earned magnificent 5-star ratings for their sustainable investment practices. This evidently highlights CLI’s commitment to enhancing sustainability standards in its investment portfolio.

Addressing Climate Resilience

CLI has diversified its sustainability efforts with the launch of its Climate Resilience Report (CRR) aligned with the Task Force on Climate-related Financial Disclosures. This comprehensive analysis provides insights into the potential risks and opportunities posed by climate change across CLI's extensive global portfolio of over 480 properties. Such initiatives lay the groundwork for future growth, guiding investment towards high-risk areas and reinforcing resilience across the board.

Global Recognition and Comprehensive Strategies

In addition to the DJSI and MSCI accolades, CLI has received several other prestigious recognitions. This includes a spot on the Carbon Clean 200 index for six consecutive years. CLI was also acknowledged in the Global Sustainability Yearbook for the 15th time, further establishing its reputation as a sustainability leader.

Significant Future Innovations

CLI is set to continue its journey of innovation with initiatives like the CapitaLand Sustainability X Challenge, where innovative ideas targeting urban sustainability challenges are explored. This drive for creative solutions illustrates CLI's leadership in crafting sustainable urban environments through collaboration and forward-thinking strategies.

Funding for Sustainable Development

As a global real asset manager, CLI has established a strong foothold in Asia and holds approximately S$134 billion in assets under management. The company is committed to achieving Net Zero carbon emissions for Scopes 1 and 2 by 2050. Through its various real estate classes ranging from retail to data centers, CLI emphasizes the importance of sustainability in long-term value creation for all stakeholders involved.

Frequently Asked Questions

What is the significance of CapitaLand's inclusion in DJSI?

Being included in DJSI showcases CapitaLand's long-standing commitment to sustainability practices and positions it among the top sustainable companies globally.

What are Scope 1, 2, and 3 emissions?

Scope 1 emissions are direct emissions from owned or controlled sources, while Scope 2 includes indirect emissions from purchased energy. Scope 3 encompasses all other indirect emissions in a company's value chain.

How does CLI plan to achieve Net Zero by 2050?

CLI aims to achieve its Net Zero goal by focusing on reducing emissions through innovative strategies and sustainability initiatives across its operations.

What is the role of the Climate Resilience Report?

The Climate Resilience Report assesses potential risks and opportunities due to climate change, guiding CLI in making informed decisions to enhance resilience.

How is CLI engaging with global sustainability networks?

CLI actively engages with initiatives like the Science Based Targets initiative (SBTi), contributing to the development of sustainable practices and methodologies in the real estate sector.

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