CapitaLand Limited has been ranked in the Global 100 Most Sustainable Corporations in the World (Global 100) by Corporate Knights, recognised as the gold standard in corporate sustainability analysis.
Companies named to the Global 100 are the top overall sustainability performers in their respective industrial sectors. It is also listed in the Sustainability Yearbook 2014 by RobecoSAM, an investment specialist in Sustainability Investing.
Ranked for the third consecutive year in the Global 100 listing, CapitaLand has climbed 19 spots to 58th from its 77th position in 2013. Companies across the world with market capitalisation in excess of US$2 billion as of 1 October 2013 were screened for the listing based on the companies’ sustainability disclosure practices, financial health, product category and financial sanctions.
The shortlisted companies were further assessed based on 12 quantitative sustainability indicators set out by Corporate Knights, including the amount of revenue companies generate per unit of energy consumption, the ratio of CEO to average worker salary and lost time injury rate. The performance data of each of the indicators are found in corporate financial statements, sustainability reports, Bloomberg and other third-party sources, including the Carbon Disclosure Project.
Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is honoured to be recognised as one of the most sustainable companies in the Global 100 Most Sustainable Corporations in the World by Corporate Knights and the Sustainability Yearbook 2014 by RobecoSAM. Sustainability is a group-wide effort that is integral to our business. Sustainability and financial performance work hand-in-hand to ensure the success of companies and CapitaLand’s top management are committed to support sustainability initiatives. We hope that our sustainability journey, along with these findings will encourage other companies to join in this worthwhile experience of operating businesses in a responsible and ethical manner.”
Mr Tan Seng Chai, Group Chief Corporate Officer of CapitaLand Limited, said: “CapitaLand was one of the first companies in Singapore to embark on its sustainability journey at such a large scale. Our journey in sustainability reporting is benchmarked against external indices and guidelines. This helps us to drive continuous improvement in the environment, social and governance aspects of sustainability. With the increased focus among the investment community in sustainability challenges such as water scarcity, rising energy costs, growing competition for human capital, it is important that we continue to future proof our portfolio and be the company of choice for investors, partners and talent.”
Mr Doug Morrow, Managing Director of Corporate Knights, said: “The Global 100 consists of the world’s top overall sustainability performers in each industry. Named to the Global 100 for the third year in a row, CapitaLand stands out as one of the world’s most sustainable real estate companies.”
For ‘leadership diversity’, one of Global 100’s sustainability indicators, 18% of the CapitaLand Board is female, almost double the 9.5% average across Singapore-based companies as published in the Singapore Board Diversity Report 2013. Females form about 27% of CapitaLand’s top management while they form almost 50% of other managerial employees in the Group.
For “innovation capacity”, another Global 100 sustainability indicator, CapitaLand invests in innovative features for its green-certified buildings. It also has a dedicated research and development fund; a prototyping testbed named ‘InnoHub’ for the Group’s residential, office, shopping mall and serviced residence projects; and its ‘ICE’ programme, a group-wide initiative which promotes Innovation, Creativity and Entrepreneurship to generate innovative ideas to improve processes and productivity within the Group.
CapitaLand remains the first and largest real estate company in Asia to achieve ISO 14001 and OHSAS 18001 certifications for its Environmental, Health and Safety Management System across 15 countries with its investment properties across Asia and Europe.
CapitaLand is also listed in the Dow Jones Sustainability World Index (DJSI World) 2013/2014 and Dow Jones Sustainability Asia Pacific Index 2013/2014. It was named both the Regional Sector Leader for Asia and the Global Sector Leader in the ‘Diversified’ property category by the Global Real Estate Sustainability Benchmark (GRESB). It has also been accorded the China Best Corporate Citizen Award by the China Committee of Corporate Citizenship and CCTV2 for six consecutive years since 2008.