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LREIT becomes first S-REIT to attain net zero carbon target

Felicia Tan
Felicia Tan8/29/2022 05:44 PM GMT+08  • 1 min read
LREIT becomes first S-REIT to attain net zero carbon target
Units in LREIT closed 1 cent lower or 1.21% down at 82 cents on Aug 29.
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The manager of Lendlease Global Commercial REIT (LREIT) says the REIT has achieved its net zero carbon target ahead of its original target.

“This was accomplished through various carbon reduction strategies including energy efficiency initiatives and reducing energy consumption within its Singapore assets,” says the manager in a statement on Aug 29.

LREIT is expected to meet its sustainability performance targets under its $960 million of sustainability-linked loans and $216 million of sustainability-linked derivatives. This is expected to generate net interest savings to LREIT’s unitholders.

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