CapitaLand India Trust (CLINT) has achieved the highest 5-star rating in the 2024 GRESB Real Estate Assessment for the first time. This has placed CLINT among the top 20% globally, with a score of 90 out of 100. This shows a notable improvement from its previous 4-star rating for standing investments in 2023, positioning CLINT as the 19th highest among listed companies in Asia.
Mr. Gauri Shankar Nagabhushanam, Chief Executive Officer of CapitaLand India Trust Management Pte. Ltd., elated with the achievement stated, “Achieving the top 5-star rating from GRESB validates our sustainability efforts and is a milestone in our journey towards creating a sustainable built environment. It reflects CLINT’s commitment to responsible business practices, environmental sustainability, and creating long-term value for our stakeholders. CLINT integrates sustainability in every real estate life cycle stage, from investment to design, development, operations, and financing. As of December 2023, 99% of our business parks portfolio is green-certified. We have also reduced Scope 1 and 2 carbon emissions intensity by 52% as compared to our 2019 baseline.”
“The increased adoption of renewable energy is central to CLINT’s decarbonisation strategy and in line with our sponsor CapitaLand Investment’s commitment to achieving Net Zero carbon emissions for Scope 1 and 2 by 2050. Approximately 39% of CLINT’s energy consumption is sourced from renewable energy. In January 2024, we set up a 21-megawatt solar plant in Tamil Nadu to further increase our green power usage. In addition, 63% of our loans are sustainability-linked. We will continue identifying and adopting meaningful environmental, social, and governance (ESG) practices to drive sustainable growth,” added Mr Gauri Shankar.
In addition to the 5-star rating from GRESB, CLINT has won several prestigious awards in 2024, including the Corporate Sustainability Award at the SIAS Investors’ Choice Awards and an ESG ‘A’ rating from MSCI. CLINT also received a ‘Gold’ award for Annual Report in the REITs & Business Trusts category at the Singapore Corporate Awards 2024.
