Sustainability

Factsheet

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Sustainability Approach

Board Statement

At CLINT, sustainability is at the core of everything we do. We are committed to growing in a responsible manner, delivering long-term economic value, and contributing to the environmental and social well-being of our communities. The material ESG factors have been identified and are in line with the CLI 2030 Sustainability Master Plan (SMP), which was refreshed in 2023.

We have aligned ourselves to the CLI 2030 SMP and steered our efforts on a common course to maximise impact through building portfolio resilience and resource efficiency, enabling thriving and future-adaptive communities, and stewarding responsible business conduct and governance. Ambitious ESG targets have been set which include carbon emissions reduction targets validated by the Science Based Targets initiative (SBTi). CLI revised its SMP targets to elevate its SBTi approved targets in line with a 1.5ºC scenario, incorporate its Net Zero commitment, and enhance its focus on social indicators.

The Trustee-Manager’s Board of Directors (the Board) is responsible for overseeing CLINT’s sustainability efforts and takes ESG factors into consideration in determining its strategic direction and priorities, and it has considered sustainability issues in CLINT’s business and strategy, determined the material ESG factors and overseen the management and monitoring of the material ESG factors. The Board also approves the executive compensation framework based on the principle of linking pay to performance. The Trustee-Manager’s business plans are translated to both quantitative and qualitative performance targets, including sustainable corporate practices and are cascaded throughout the company.

CLINT’s sustainability performance has consistently been highly ranked by globally recognised indices such as GRESB and Morgan Stanley Capital International (MSCI). We achieved the highest 5-star rating for standing investments in the 2024 GRESB Real Estate Assessment, advancing from the 4-star rating in 2023. This placed us in the top 20% of the benchmark globally and made us the 19th highest among listed companies in Asia. We also maintained a Grade ‘A’ for 2024 GRESB Public Disclosure and an ESG ‘A’ rating from MSCI. Furthermore, we received our first-ever Corporate Sustainability Award at Securities Investors’ Association Singapore (SIAS) Investors’ Choice Awards 2024 and were ranked 13th position in the REIT and Business Trust Category for Singapore Governance Transparency Index (SGTI) 2024. We are also honoured to be featured in the 2025 Singapore Board Diversity Index, a notable recognition by the Singapore Institute of Directors, Willis Towers Watson, and James Cook University. This acknowledgment underscores our commitment to exemplary diversity standards, distinguishing us among 553 listed companies on the Singapore Exchange (SGX) and Catalist.

We remain committed to our unwavering sustainability efforts, continuously striving to minimise our carbon footprint and promote green practices in all aspects of our operations. In 2024, we commissioned a 21-megawatt (MW) captive solar power plant in Tamil Nadu which has generated up to 29 million kilowatt-hours (kWh) of electricity annually and met the power supply needs of 2 million sq ft equivalent of office space. This achievement has enabled CLINT to surpass two of the CLI’s 2030 SMP environmental targets ahead of schedule as we have successfully propelled our green energy usage to over 50%, while also achieving a 46% reduction in absolute Scope 1 and Scope 2 GHG emissions. In addition, we secured a S$200 million Sustainability-Linked Loan (SLL) from International Finance Corporation (IFC), a member of the World Bank Group and the largest development institution focused on the private sector in emerging markets. As part of the SLL requirements, we have pledged to reduce the absolute GHG emissions of our IT Business Park Portfolio as at 31 December 2023 by 40.5% from the baseline year of 20192 during the 5-year loan term. CLINT’s sustainability linked loan made up 65% of our loan book as at 31 December 2024. Tying our sustainability performance with our financing demonstrates CLINT’s commitment to responsible growth, as we work towards achieving Net Zero GHG emissions for Scope 1 and Scope 2 by 2050 as guided by the CLI 2030 SMP.

At CLINT, apart from our commitment to enhance environmental performance, we are also dedicated to supporting our local communities. Since its establishment in 2019, CapitaLand Hope Foundation (CHF) (India) has contributed directly benefitting more than 7,800 children across five cities in India. In FY 2024, CHF (India) has benefitted over 1,600 children across the three CapitaLand Hope Schools in Bangalore and Pune, and supported over 4,200 children through the CapitaLand Hope School Programme which has helped to renovate and refurbish educational infrastructure across government schools in Rathnagiri, Hyderabad and Chennai. In FY 2024, CLINT contributed S$1.9 million to corporate social responsibility (CSR) initiatives in India.

Sustainability is a deeply embedded value within CLINT that we will continue to actively champion and further strive for improvements. As an industry leader, CLINT will continue to identify and adopt meaningful ESG practices and enhance sustainability in the real estate sector.

  • Environmental

    The 2023 United Nations Climate Change Conference (COP28) saw a global commitment to transition away from fossil fuels and to increase green energy sources to combat climate change. As the environmental effects on the economy and society intensify, there is an increasing imperative for more significant climate action to alleviate these impacts. Here at CLINT, we align ourselves with the global commitment to mitigate the negative impacts of climate change and our business actively seeks opportunities to improve the environmental performance of our buildings through the adoption of new technologies and approaches.

    We remain committed to monitoring environmental performance and implementing initiatives aligned with our targets. We monitor real-time environmental performance and provide prompt response to any potential negative impacts by utilising CLI’s cloud-based ETS. This approach enables oversight of energy and water consumption, carbon emissions, and waste generation.

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    Policies
    • Environmental, Health & Safety (EHS) Policy

      CLINT leverages CLI's Environmental Management System (EMS) in managing its environmental footprint across its portfolio. The EMS is integrated with the Occupation Health and Safety Management System to form a comprehensive EHS Management System (EHSMS). The EHSMS is audited by a third-party accredited certification body to ISO 14001 and ISO 45001 standards. ISO 14001 and ISO 45001 are internationally recognised standards for the environmental management of businesses and occupational health and safety management of businesses, respectively. CLI's EMS offers a systematic approach to effectively manage and continuously enhance the environmental performance of CLINT's portfolio. It plays a crucial role in identifying and managing significant environmental aspects of business operations that could adversely affect the environment. To assess the significance of each environmental aspect and its impact, the EMS employs a rigorous risk assessment methodology. This method considers various factors including the probability of occurrence, the severity of potential impact, and the implementation of appropriate control measures, ensuring a comprehensive and proactive approach to environmental management. All staff are involved in reducing CLINT's environmental footprint. They are encouraged to be forthcoming and to report all incidences of environmental-related issues and complaints, as well as incidences of non-compliances and non-conformities.

      As an international corporate social citizen, CLI is committed to protecting the environment and upholding the occupational health and safety of everyone in the workplace and will:

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      Implement the CapitaLand Investment EHS Policy

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      Seek continual improvement on its EHS performance

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      Comply with pertinent legislations and other requirements

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      Implement the CapitaLand Sustainable Building Guidelines

    • CapitaLand’s Sustainable Building Guidelines (SBG)

      CapitaLand’s SBG is an in-house guide developed since 2007 to ensure environmental considerations are factored in all stages of a project, from feasibility, design, procurement, construction, operations to redevelopment. It covers new acquisitions, developments and refurbishments, as well as joint venture developments where CLINT has management control. The SBG is regularly reviewed to ensure continuous improvement, with a focus on four key objectives of minimising carbon footprint and energy consumption, water management, reducing the generation of waste, and promoting biodiversity in the real estate life cycle.

      Embedding targets for low-carbon transition, waste management and circular economy, water conservation and resilience, accessibility, healthy and safe building and supply chain management throughout the real estate life cycle

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      #1 Investment

      • Align with CLI 2030 SMP
      • Conduct Environment and Social Impact Assessment (ESIA), including the application of an internal carbon price
      • Quantify proprietary Return on Sustainability (ROS)

      #2 Operations

      • Align asset planning with 2030 SMP targets
      • Sustainable operational excellence, including sustainable procurement practices to meet the 2030 SMP targets
      • Testbed innovations and collaborate with partners
      • Track, evaluate and disclose performance

      #3 (Re) Development

      • Design in accordance with CapitaLand's SBG to meet the 2030 Sustainability Master Plan (SMP) targets
      • Testbed innovations and collaborate with partners
      • Track, evaluate and disclose performance
    • Environment & Social Impact Assessment (ESIA)

      A key component of the SBG is the mandatory ESIA. An ESIA is carried out during the feasibility study phase for investments in operational assets or redevelopment projects as part of due diligence. This involves establishing the baseline environmental performance such as energy efficiency and comparing it against our 2030 targets. The assessment also includes transition and physical risks and opportunity considerations, as well as the application of an internal carbon price. This assessment would guide the businesses to consider EHS risks and opportunities upfront and identify mitigation measures earlier. The significant findings of the ESIA and their cost implications are incorporated in the investment paper submitted to CLINT’s Board for approval.

  • Social

    CLINT firmly believes that the well-being and success of our employees are integral to the Trust’s overall success. Consequently, we are dedicated to providing a safe and healthy workplace that fosters growth and collaboration among individuals from diverse backgrounds and cultures. We are committed to enhance the skills and development of our employees, aligning their growth with that of our organisation.

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    Policies
  • Governance

    In adhering to a commitment to transparency and ethical practices, CLINT promotes sound corporate governance practices that ensure robust oversight of sustainability issues. By focusing on accountability and responsible stewardship, our governance framework is designed to navigate the evolving landscape of sustainability and integrate principles that align with our core values and contribute to long-term resilience and success.

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    Policies
    • Fraud, Bribery and Corruption (FBC) Risk Management Framework

      The Manager has a longstanding zero-tolerance stance against FBC in the conduct of its business activities and expects all its employees to be committed to the highest standards of integrity in their work and business dealings. The Manager's employees adhere to CLI's FBC Risk Management Policy which is published on CLI's intranet and is accessible by employees. The policy reiterates the strong stance against fraud, bribery and corruption and sets the overarching approach and standards for managing FBC risks in an integrated systematic and consistent manner. This stance is also reiterated during its regular staff communication sessions.

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    • Whistleblowing Policy

      A whistleblowing policy and other procedures are put in place to provide the Manager’s employees and parties who have dealings with the Manager with well defined, accessible and trusted channels to report suspected fraud, corruption, dishonest practices or other improprieties in the workplace, and for the independent investigation of any reported incidents and appropriate follow up action. The objective of this policy is to encourage the reporting of such matters so that employees or external parties making any reports in good faith will be able to do so with the confidence that they will be treated fairly and, to the extent possible, be protected from reprisal. The Audit and Risk Committee (ARC) reviews all whistleblowing complaints at its scheduled meetings. Independent, thorough investigation and appropriate follow up actions are taken. The outcome of each investigation is reported to the ARC. All employees of the Manager are informed of this policy which is made available on CapitaLand Group’s intranet and on this website.

      Click here to view the Whistleblowing Policy.