CapitaLand Ascott Trust is the only lodging trust in Asia Pacific included in the S&P Global Sustainability Yearbook 2025

Recognition further strengthens CapitaLand Ascott Trust’s sustainability leadership

Singapore, February 12, 2025 -- CapitaLand Ascott Trust (CLAS) is the only lodging trust in Asia Pacific to be included in the S&P Global Sustainability Yearbook 2025 as it makes its debut in the prestigious index. CLAS is also the only Singapore-listed trust under the ‘Equity Real Estate Investment Trusts’ category. CLAS achieved ‘Industry Mover’ status[1] in the rankings, recognising CLAS for accomplishing the strongest improvement in its industry.

Citadines Holborn-Covent Garden London

In 2025, out of over 7,690 global companies assessed, only 780 companies have been recognised in the S&P Global Sustainability Yearbook. Inclusion in the S&P Global Sustainability Yearbook is based on the S&P Global Corporate Sustainability Assessment (CSA). The CSA measures a company’s performance on and management of material environmental, social and governance (ESG) risks, opportunities and impacts, making the link between sustainability and business strategies.

Ms Serena Teo, Chief Executive Officer of CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd. (the Managers of CLAS), said: “Sustainability remains core to what we do at CLAS. As CLAS continues to expand as the largest lodging trust in Asia Pacific, we endeavour to grow responsibly. We integrate sustainability in every stage from investment to design, development and operations. We have established systems and processes to ensure that we are on track to achieving our rigorous sustainability targets. CLAS is also one of the few listed trusts in Singapore to publish a sustainability report that is externally assured to give our investors and stakeholders confidence in the quality of our data and reporting. We remain committed to enhancing our ESG efforts as we deliver stable returns to our Stapled Securityholders.”

“Increasingly, guests staying at our properties are also sustainability-minded. We have greened over 50% of our global portfolio[2] and CLAS remains on track to green 100% of our portfolio by 2030. We continue to partner our operators and lessees to green our operations. In addition, our asset enhancement initiatives (AEI) not only uplift the value and profitability of the properties but also improve the energy and water efficiency of these properties. Six of the eight properties[3] in our AEI pipeline are already green certified and we plan to have the remaining properties undergo certification in the next few years,” added Ms Teo.

For example, Citadines Holborn-Covent Garden London completed its AEI in 3Q 2024, transforming the post-war building into a modern and sustainable asset. The property is an ‘Excellence in Design for Greater Efficiencies’ (EDGE) - certified property. During the AEI process, energy-efficient cooling system and lights as well as a heat pump for water heating were installed to reduce energy consumption. To reduce water use, water-efficient showerheads, faucets and water closets were installed. These measures have enabled the property to achieve energy and water savings and reduce carbon emissions.

Strengthening global leader in sustainability
CLAS’ inclusion in the S&P Global Sustainability Yearbook further consolidates its reputation as a leader in global sustainability. In 2024, CLAS achieved the ‘Global Listed Sector Leader – Hotel’ title in GRESB for the fourth consecutive year. It also scored the top position in the Singapore Governance and Transparency Index, in the REITs and Business Trusts category for the fourth consecutive year. In 2024, CLAS also won the Singapore Corporate Sustainability Award, in the REITs and Business Trusts category at the SIAS Investors’ Choice Awards 2024.

Integrating its financing needs with its sustainability efforts, CLAS has secured over S$800 million in sustainable financing to date.

Notes:
[1] The ‘Industry Mover’ status recognises companies who have achieved an improvement in their S&P Global CSA Score of at least five percent and accomplished the strongest improvement in their industry.
[2] As at May 2024.
[3] The Robertson House by The Crest Collection, Citadines Les Halles Paris, Citadines Kurfürstendamm Berlin, La Clef Tour Eiffel Paris, Citadines Holborn-Covent Garden London, Temple Bar Hotel Dublin by The Unlimited Collection, The Cavendish London and Sydney Central Hotel.

If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.