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CapitaLand tops Global Real Estate Sustainability Benchmark 2019

The company expects a reduced interest rate for its sustainability-linked loans.

CapitaLand came first across four categories in the Global Real Estate Sustainability Benchmark (GRESB) 2019 whilst maintaining its listing on the Dow Jones Sustainability Index (DJSI World) for the eighth year, according to a press release.

In GRESB, the firm emerged as the top in the Global ‘Diversified – Listed’ category, the only company in Asia to achieve this twice.

CapitaLand was also the leader in the Asia-Pacific ‘Diversified’, Asia ‘Diversified’ and Asia ‘Diversified – Listed’ categories, whilst CapitaLand Mall Trust (CMT) topped the Asia ‘Retail – Listed’ category.

In addition, CapitaLand, CMT, CapitaLand Commercial Trust and CapitaLand Retail China Trust scored ‘A’ for public disclosure.

In DJSI, the company was one of the only two Singapore firms to be listed in the sustainability index. It also retained its listing on DJSI Asia Pacific for the 11th year, the longest amongst Singaporean companies.

As a result, CapitaLand expects a reduced interest rate for its $600m worth of sustainability-linked loans.

In 2018, CapitaLand’s utilities cost avoidance reached over $170m since 2009 as it reduced its energy intensity and water intensity by 17.6% and 20.9%, respectively, for its operational properties since 2008. It has also reduced its carbon emission intensity by 29.8% since 2008, exceeding its 2020 target of 23%.

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