SINGAPORE: CapitaLand Limited has been recognised as one of the world’s most sustainable corporations for the third consecutive year. CapitaLand was ranked 63 in the 2020 Global 100 ‘Most Sustainable Corporations In The World’ index by Corporate Knights Inc.
This is CapitaLand’s eighth inclusion in the prestigious index. In Corporate Knights Inc’s analysis of company age and financial performance of the 2020 Global 100 companies, it also demonstrates that top sustainability performers tend to last longer and perform better for investors than comparable companies.
Ms Lynette Leong, Chief Sustainability Officer for CapitaLand Group said: “Sustainability is at the core of what we do. This global recognition affirms CapitaLand’s efforts in sustainability and responsible growth. Our triple focus on doing well, good and right, will continue to guide us as we work towards the continued creation of long-term value for CapitaLand’s stakeholders. As one of Asia’s largest diversified real estate groups, CapitaLand can effect a greater positive influence through our enlarged portfolio and operations. We remain focused on contributing to the environmental and social well-being of the communities we operate in.”
Chief Executive Officer of Corporate Knights, Mr Toby Heaps said: “CapitaLand achieved this strong result due to top quartile performance for linking executive compensation to sustainability targets, and high clean revenue exposure generated from its green real estate portfolio. Investing in sustainability makes good business as the energy transition speeds up and investors signal their hunger for companies to lead on sustainable practices. The Global 100 index is proof that companies can serve the needs of the society and continue to achieve financial growth.”
The Global 100 index is determined by analysing the sustainability and financial performance of 7,395 global corporations with over US$1 billion in revenue. Only 18 companies in Asia have made the rankings.
Rankings are based on publicly-disclosed data without submissions from corporations. Corporations are first screened for their sustainability disclosure practices, financial health, product categories and behaviour, and financial sanctions. The shortlisted corporations are then scored against a set of 21 key performance indicators, covering resource management, employee management, financial management, clean revenue and supplier performance.
CapitaLand also came in first place across four categories in the Global Real Estate Sustainability Benchmark (GRESB) 2019. Internationally, CapitaLand was the leader in the Global ‘Diversified –Listed’ category. In the region, CapitaLand was the leader in the Asia-Pacific ‘Diversified’, Asia ‘Diversified’ and Asia ‘Diversified –Listed’ categories