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CapitaLand, Frasers Property among Singapore companies recognised in global real estate sustainability rankings

Atiqah Mokhtar
Atiqah Mokhtar10/15/2021 08:42 AM GMT+08  • 3 min read
CapitaLand, Frasers Property among Singapore companies recognised in global real estate sustainability rankings
Keppel Land, Ascott Residence Trust and Suntec REIT also achieved accolades.
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A number of Singapore real estate companies have been recognised for their sustainability efforts in the 2021 Global Real Estate Sustainability Benchmark (GRESB) rankings.

The GRESB assesses and benchmarks the ESG performance of global funds, companies, and assets within the real estate sector.

CapitaLand retained its position as the Global, Regional and Asia Sector Leader, scoring the highest rating of 5 stars. It is the only real estate company in Singapore to be recognised as Global Sector Leader in the ‘Diversified – Listed’ category four times. It is also the first real estate company in Singapore to be consistently ranked among the top five in Asia since 2011.

CapitaLand Investment’s (CLI) units have also been recognised as industry leaders in their respective categories. In its first participation of GRESB, Ascott Residence Trust (ART) was named ‘Global Sector Leader - Hotel’ and ranked top in the ‘Asia Pacific Hotel – Listed’ category. CapitaLand Integrated Commercial Trust (CICT) maintained the highest 5-star rating, which is at the top 20% globally in the benchmark. CapitaLand, CICT, Ascendas Real Estate Investment Trust (Ascendas Reit), ART and CapitaLand China Trust (CLCT) were awarded an ‘A’ for public disclosure.

See: CLI opens on steady note, management looks to future in new economy, PERE and alternative assets

Keppel Land, the property arm of Keppel Corporation, ranked first globally in the Diversified - Office/Residential - Core category for the third time in four years. Keppel Land also ranked first in the Non-listed - Core - Closed end category within Asia and achieved the highest GRESB 5 Star rating.

In addition, Keppel Land, Keppel REIT, and Alpha Asia Macro Trends Fund III, all saw improved scores in this year’s assessment and have retained their Green Star Status, which recognises entities with commendable scores across the benchmark’s ESG components.

Frasers Property Group was recognised as a global and regional sector leader in five categories. Frasers Property Industrial was named the Overall Global Sector Leader and Global Sector Leader in the Diversified - Office/Industrial category for its development projects in Australia. It was also s recognised as the Overall Regional Sector Leader and Regional Sector Leader in Industrial for its existing Australian assets.

Meanwhile, Frasers Property Singapore was acknowledged as the Regional Sector Leader for the Diversified - Office/Retail category, while Frasers Property UK topped the local market’s Office/Industrial category

Frasers Centrepoint Trust (FCT), Frasers Property Industrial (Australia), Frasers Property Australia, Frasers Logistics & Commercial Trust, and Frasers Property Singapore received 5 Star ratings for their respective portfolios of existing assets. In addition, Frasers Property Industrial (Australia) and Frasers Property Australia received 5 Star ratings in the development projects categories

Suntec REIT achieved the accolade of Global Sector Leader for the Office-Listed category. In addition, Suntec REIT has achieved the status of Overall Regional Sector Leader for the Office (Asia) category and Regional Sector Leader for the Office-Listed (Asia) category. The REIT also retained the highest GRESB 5 Star rating.

Lendlease Global Commercial REIT (LREIT) was also recognised, winning first place in the Asia Retail - Overall and Asia Retail - Listed categories with the highest-tier rating of 5 stars.

Beyond clinching accolades as the top Regional Sector Leader in both categories, LREIT also won second place in the Global Retail - Listed category for a second straight year. LREIT also scored “A” for Public Disclosure.

Photo: Bloomberg

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