CLINT Awarded 5-Star in GRESB ESG Assessment

CLINT improved exceptionally in the GRESB Real Estate Assessment.
Over 60% of CLINT's loans are tied to ESG and sustainability metrics.

CapitaLand India Trust (CLINT), a business trust based in Singapore, earned a top 5-star rating in the 2024 GRESB Real Estate Assessment, which measures ESG efforts in real estate.

CLINT is among the top 20% of companies internationally and 19th among listed companies in Asia. Last year, they achieved a 4-star rating and retained it for the development category.

Decarbonisation and Renewable Energy Goals

CLINT plans to reduce carbon emissions, and renewable energy is increasingly important in achieving this goal. Their net-zero emissions goals align with those of their parent company, CapitaLand Investment, to reach net-zero emissions by 2050 for certain emissions.

The business trust generates around 39% of its energy from renewable sources. To this end, they set up a solar plant in the southern Indian state of Tamil Nadu to increase their green energy use.

63% of their financing is linked to sustainability goals, which shows their commitment to environmental and social practices.

Other Awards and Recognitions

CLINT has also bagged the following accolades for its exceptional performance in sustainable practices:

An 'A' rating from MSCI, a top ESG rating provider;
A ‘Gold’ award for its annual report in the REITs & Business Trusts category at the Singapore Corporate Awards 2024; and
The Corporate Sustainability Award at the SIAS Investors’ Choice Awards 2024.

Gauri Shankar Nagabhushanam, Chief Executive Officer, CapitaLand India Trust Management Pte. Ltd., said: "The increased adoption of renewable energy is central to CLINT’s decarbonisation strategy and in line with our sponsor CapitaLand Investment’s commitment to achieve 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 to identify and adopt meaningful environmental, social and governance (ESG) practices to drive sustainable growth."

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Source: CLINT