CapitaLand India Trust (CLINT) has received a 5-star rating for standing investments in the 2024 GRESB Real Estate Assessment, ranking in the top 20% globally. CLINT scored 90 out of 100, placing it 19th among listed companies in Asia. This marks an improvement from its 4-star rating in 2023, its inaugural submission, while maintaining the same rating in the development category.
Gauri Shankar Nagabhushanam, CEO of CapitaLand India Trust Management Pte. Ltd., stated that the 5-star rating confirms CLINT’s sustainability efforts and commitment to responsible business practices and environmental sustainability. CLINT integrates sustainability at all stages of the real estate life cycle, from investment to operations. As of December 2023, 99% of its business parks portfolio is green certified, and it has reduced Scope 1 and 2 carbon emissions intensity by 52% compared to its 2019 baseline.
The adoption of renewable energy plays a key role in CLINT’s decarbonisation strategy, which aligns with CapitaLand Investment’s commitment to achieve Net Zero carbon emissions for Scope 1 and 2 by 2050. Approximately 39% of CLINT’s energy consumption comes from renewable sources. In January 2024, a 21-megawatt solar plant was established in Tamil Nadu to enhance green power usage. Additionally, 63% of CLINT’s loans are sustainability-linked.
The GRESB Real Estate Assessment serves as a global benchmark for ESG performance and sustainability practices in the real estate sector. Alongside the 5-star rating, CLINT has received other recognitions this year, including the Corporate Sustainability Award at the Securities Investors’ Association Singapore (SIAS) Investors’ Choice Awards 2024 and an ESG ‘A’ rating from MSCI. CLINT also won a ‘Gold’ award for Annual Report in the REITs & Business Trusts category at the Singapore Corporate Awards 2024.
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