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Source: CapitaLand

CapitaLand Investment secures $4b in green funding in 2022

This was through 18 sustainable financing instruments. 

CapitaLand Investment Limited (CLI) has secured a total of $4b across 18 sustainable financing in 2022, bringing the total to $10.9b. 

CLI and its listed REITs have so far partnered with 17 financial institutions to secure sustainability-linked loans and bonds, green loans, green bonds, and perpetual securities. 

“CLI integrates sustainability into every stage of the real estate life cycle, from investment to development, operations, and financing,” Vinamra Srivastava, CLI’s Chief Sustainability Officer, said.  

“Our strong environmental, social, and governance (ESG) performance continues to be recognised by prestigious international indices such as GRESB.” 

Read more: CapitaLand Ascendas REIT to transform San Diego office property into a life science building

Srivastava was referring to the GRESB Real Estate Assessment’s 5-star rating on CLI and CapitaLand Integrated Commercial Trust. 

“This allows us to achieve interest rate savings from our sustainability-linked loans and bond, quantifying the value of our ESG impact,” he said.

“The savings are channeled to fund decarbonisation initiatives and innovations, accelerating our transition to a greener future. Leveraging technology to increase efficiency in energy and water can yield tangible financial results and is a key lever in our carbon mitigation hierarchy.”

 

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