CapitaLand Investment Makes Strides in Sustainability Leadership
CapitaLand Investment (CLI) has reaffirmed its position as a leading global player in sustainability as it progresses toward achieving impressive decarbonisation milestones. In 2024, CLI celebrated its continuous commitment to sustainable practices by being included in prestigious indices such as the Dow Jones Sustainability World Index (DJSI World) and the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific). This is a remarkable achievement, marking CLI's 13th year on the DJSI World Index and its 16th year on the DJSI Asia Pacific Index.
Recognizing Notable Achievements in Sustainability
As the only Singapore-based real estate company listed in these indices for 2024, CLI highlights its unique dedication to environmentally responsible practices under the “Real Estate Management and Development” category. The key to CLI's success lies in its holistic approach towards sustainability which includes setting ambitious Environmental, Social, and Governance (ESG) targets that they have consistently met.
Impact of DJSI Membership
The DJSI World and DJSI Asia Pacific index rankings are crucial for investors who prioritize sustainable business practices. These indices consist of the top performers in economic, environmental, and social criteria globally. By being part of these indices, CLI showcases its commitment to creating long-term shareholder value while being a responsible corporate entity.
Continuing Recognition from Leading Sustainability Assessments
CLI's reputation as a sustainability-oriented organization is further reinforced by its consistent presence in the MSCI ESG Leaders Index for 11 consecutive years, alongside its MSCI ESG AAA rating for a third year. These recognitions reflect CLI's commitment to stringent ESG standards, satisfying the increasing demands of institutional investors who are focused on sustainable investment.
Commendations from GRESB
Moreover, CLI's performance in the 2024 GRESB Real Estate Assessment was outstanding, with its listed REITs achieving leading ratings. CapitaLand India Trust (CLINT), CapitaLand Integrated Commercial Trust (CICT), and CapitaLand China Trust (CLCT) received the coveted 5-star rating for their standing investments, while CLI along with CapitaLand Ascendas REIT (CLAR) and CapitaLand Ascott Trust (CLAS) secured a 4-star rating.
Decarbonisation Initiatives and Strategic Goals
According to Mr. Vinamra Srivastava, CLI's Chief Sustainability & Sustainable Investments Officer, the advancements throughout 2024 were pivotal, aligning with CLI's ambitious Sustainability Master Plan 2030. With a focus on reducing Scope 1 and 2 emissions while tackling Scope 3 emissions, CLI’s decarbonisation initiatives aim to decrease the organization’s environmental footprint and respond to the complex demands of urban settings.
Innovative Solar Power Solutions
One significant milestone included CapitaLand India Trust's (CLINT) commissioning of its first captive solar power plant, which is projected to generate over 30 million kilowatt-hours of electricity annually. This initiative alone serves as a model of energy efficiency, meeting the needs of substantial office space while emphasizing CLI's commitment to reducing reliance on traditional energy sources.
Commitment to Climate Resilience and Management
In an effort to further bolster its sustainability framework, CLI has integrated Cooling-as-a-Service (CaaS) systems in major properties such as Raffles City Singapore and Plaza Singapura. These implementations are designed to reduce energy consumption significantly and lower carbon emissions over the next 15 years – which is tantamount to powering thousands of homes. CLI also underlines its initiatives through detailed reports, including the standalone Climate Resilience Report, which outlines the company’s climate-related strategies and resilience measures.
Continuous Global Engagement
CLI is a proud participant in the Science Based Targets initiative (SBTi), sharing its insights for developing target-setting methodologies for the real estate sector. As a member of the SBTi Expert Advisory Group, CLI strengthens its role in climate change leadership and collaborates with global partners to face sustainability challenges.
Acknowledging Global Recognition for Sustainability Leadership
Beyond the DJSI and MSCI accolades, CLI has garnered extensive recognition for its sustainability leadership globally. The firm has been acknowledged in the Carbon Clean 200 index for six years and earned a spot in the Global Sustainability Yearbook 15 times, showcasing its sustained excellence in sustainability.
GRESB Ratings Signifying Commitment
CLI’s notable GRESB ratings, including 5-star ratings for several of its trusts, highlight its relentless pursuit of sustainability and innovative practices. CLI’s prolonged commitment is evident through its continued performance in these global benchmarks.
About CapitaLand Investment
CapitaLand Investment Limited (CLI), based in Singapore, is a premier global real estate asset manager with a robust footprint across Asia. As of September 2024, CLI manages assets worth S$134 billion, backing its broad portfolio that ranges from retail and office spaces to logistics and data centers. Looking forward, CLI aims for global expansion, stable capital management, and driving sustainability to ensure long-term economic growth.
Frequently Asked Questions
What is CapitaLand Investment's primary focus for sustainability?
CapitaLand Investment focuses on reducing carbon emissions and implementing sustainable practices in its operations and tenant engagements.
How does CapitaLand Investment ensure it meets its ESG targets?
CLI sets ambitious ESG targets and regularly evaluates its performance against global standards, while actively reporting and improving on its sustainability measures.
What recognition has CapitaLand Investment achieved?
CLI has been recognized in several key indices, including the DJSI World and Asia Pacific, MSCI ESG Leaders Index, and GRESB ratings.
What innovative projects is CapitaLand Investment implementing?
CLI has commissioned solar power plants and adopted Cooling-as-a-Service systems across various properties to reduce energy consumption and carbon emissions.
What is CLI's long-term vision for sustainability?
CLI aims to achieve Net Zero carbon emissions by 2050 while ensuring environmental and social well-being within the communities it operates.
