CapitaLand Investment and CareTrust Receive Top Ratings for Sustainability in Global Real Estate Assessment and Corporate Sustainability Report
CapitaLand Investment Limited (CLI) and its real estate investment trusts (REITs) have once again demonstrated their commitment to Sustainability by achieving top recognition in the 2023 GRESB Real Estate Assessment. This accomplishment places them in the top 20% globally, further solidifying their reputation as leaders in the industry.
Among CapitaLand’s trusts, CapitaLand China Trust (CLCT) stands out as it received a 5-star rating for the first time. This is a remarkable achievement for CLCT and highlights the trust’s dedication to sustainability practices. Additionally, CapitaLand Ascendas REIT (CLAR), CapitaLand Ascott Trust (CLAS), and CapitaLand India Trust (CLINT) all received a 4-star rating, further contributing to CapitaLand’s success in this assessment.
What sets CapitaLand apart is its consistent performance in the GRESB Real Estate Assessment. Since 2011, CapitaLand has been the first real estate company in Singapore to consistently rank among the top 20% globally. This achievement is a testament to CapitaLand’s long-standing commitment to sustainability and responsible business practices.
In terms of public disclosure, CLI, CICT, CLCT, CLAR, CLAS, and CLINT were all awarded an ‘A’ rating. This signifies the trusts’ transparency and willingness to provide comprehensive information to investors and stakeholders. Furthermore, CLI, CICT, and CLAS will receive interest rate savings from their sustainability-linked loans based on their GRESB achievements, further incentivizing sustainable practices within the company.
CapitaLand has also made significant strides in renewable energy. Properties owned by CapitaLand in Belgium, Germany, and the UK are powered by renewable energy sources. This achievement not only reduces the company’s carbon footprint but also sets an example for other players in the real estate industry to follow.
One notable example of CapitaLand’s sustainable properties is Rock Square, a shopping mall owned by CLCT. Rock Square achieved LEED Gold Certification, a globally recognized sustainability rating. This certification acknowledges the mall’s efficient use of resources, reduced environmental impact, and commitment to creating a healthy and sustainable environment for shoppers.
Sustainability is deeply ingrained in CapitaLand’s business strategies, investments, operations, financing, and employee development. The company recognizes that sustainability is no longer an optional aspect of business but a critical component for long-term success. By integrating sustainability into all aspects of its operations, CapitaLand is able to deliver tangible results to its investors while also making a positive impact on the environment and society.
GRESB, the organization behind the Real Estate Assessment, commends CapitaLand and its trusts for consistently achieving top ratings and delivering tangible results to investors. This recognition from a reputable organization further establishes CapitaLand as an industry leader in sustainability.
It is worth noting that this is not the first time CapitaLand has been recognized for its sustainability leadership. The company has previously been included in the Global 100 Most Sustainable Corporations and Dow Jones Sustainability indices, further solidifying its reputation as a sustainability frontrunner.
Not only has CapitaLand achieved top recognition in sustainability, but it has also secured S$14 billion in sustainable finance from 19 financial institutions. This not only demonstrates the financial sector’s confidence in CapitaLand’s sustainable practices but also provides the company with additional resources to further its sustainability initiatives.
In a similar vein, CareTrust REIT has released its third annual Corporate Sustainability Report, showcasing the progress it has made in its environmental, social, and governance (ESG) initiatives. The report highlights various advancements, including a physical climate risk assessment and the integration of an ESG checklist into the acquisition process.
CareTrust has also funded environmental improvement projects through its tenant incentive program. By incentivizing tenants to adopt sustainable practices, the company is not only reducing its own environmental impact but also encouraging sustainable behaviors among its tenants.
Furthermore, CareTrust has implemented a triple net “Green Lease” that promotes sustainable operating decisions. This lease agreement ensures that both the landlord and tenant work together to minimize the property’s environmental footprint and create a more sustainable operating environment.
To ensure transparency and accountability, CareTrust has aligned its Corporate Sustainability report with Global Reporting Initiative Standards. This standardized reporting framework enables stakeholders to assess the company’s sustainability performance accurately.
In addition to its sustainability efforts, CareTrust has also taken steps to safeguard its data. The company has engaged a cybersecurity firm to ensure the privacy and security of its ESG-related data. This commitment to data security further enhances CareTrust’s credibility and trustworthiness.
Overall, both CapitaLand and CareTrust have demonstrated their leadership in sustainability through their achievements in the 2023 GRESB Real Estate Assessment and the release of their third annual Corporate Sustainability report. These accomplishments showcase their commitment to responsible and sustainable business practices, setting an example for the real estate industry and beyond. As the global focus on sustainability intensifies, companies like CapitaLand and CareTrust prove that incorporating ESG initiatives is not only good for the environment and society but also for long-term business success.
The post CapitaLand Investment and CareTrust Lead in Sustainability with Top Recognition in 2023 GRESB Real Estate Assessment and Third Annual Corporate Sustainability Report appeared first on Pinnacle Chronicles.
