CapitaLand Ascott Trust (CLAS) has been recognised as the sole lodging trust from Asia Pacific to be included in the S&P Global Sustainability Yearbook 2025. This marks CLAS’s debut in the prestigious index, where it also achieved the ‘Industry Mover’ status, highlighting its significant improvement within the industry.
The S&P Global Sustainability Yearbook, which assessed over 7,690 companies globally, recognised only 780 companies this year. The inclusion is based on the S&P Global Corporate Sustainability Assessment (CSA), which evaluates a company’s management of environmental, social, and governance (ESG) risks and opportunities.
Serena Teo, CEO of CapitaLand Ascott Trust Management Limited, stated, “Sustainability remains core to what we do at CLAS. We integrate sustainability in every stage from investment to design, development and operations.” She emphasised CLAS’s commitment to achieving its sustainability targets and providing confidence to investors through externally assured sustainability reports.
CLAS has already greened over 50% of its global portfolio and aims to achieve 100% by 2030. The trust’s asset enhancement initiatives (AEI) focus on improving energy and water efficiency, with six out of eight properties in the AEI pipeline already green certified.
The trust’s inclusion in the yearbook further solidifies its reputation as a leader in sustainability, having secured over $800min sustainable financing. CLAS’s achievements include being named ‘Global Listed Sector Leader – Hotel’ in GRESB for four consecutive years and topping the Singapore Governance and Transparency Index in its category.
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