Singapore, October 13, 2025 -- Leading global real asset manager CapitaLand Investment Limited (CLI), its listed REITs and business trusts, and private funds demonstrated continued leadership in environmental, social, and governance (ESG) practices, with strong performances in the 2025 GRESB Real Estate Assessment, a global ESG benchmark for the real estate sector. CLI and its listed REITs achieved notable improvements in their GRESB scores from the previous year and received an ‘A’ rating for Public Disclosure.
CapitaLand Integrated Commercial Trust (CICT), CapitaLand China Trust (CLCT) and CapitaLand India Trust (CLINT) maintained their 5-star rating for standing investments, while CLI’s flagship regional core-plus fund, CapitaLand Open End Real Estate Fund (COREF), earned its first 5-star rating.
CLI, CapitaLand Ascendas REIT (CLAR) and CapitaLand Ascott Trust (CLAS) were awarded a 4-star rating for standing investments. Notably, CLAS secured the first position in the Listed Hotel, Globally Diversified category for the fifth year, outperforming its peer group. CapitaLand Malaysia Trust (CLMT) also improved its standing in the benchmark, achieving its first 4-star rating, one up from its 3-star rating last year. Additionally, the CapitaLand Ascott Residence Asia Fund II (CLARA II), a value-add private lodging fund under CLI, attained a 4-star rating. Based on their performance, CLI, CICT, CLAS and CLMT will receive interest rate savings from their respective sustainability-linked loans linked to GRESB performance.
Questions around this news
Which entities received top GRESB ratings in the 2025 assessment?
The release says CapitaLand Integrated Commercial Trust, CapitaLand China Trust and CapitaLand India Trust retained 5-star ratings for standing investments. CapitaLand Open End Real Estate Fund received its first 5-star rating. CapitaLand Ascott Trust ranked first in its Listed Hotel, Globally Diversified category for the fifth year, while several other named trusts and funds received 4-star ratings.
What does a GRESB rating measure?
GRESB is an industry benchmark that assesses environmental, social and governance performance in real estate and other real assets. Its assessments use standardized reporting and scoring to help investors and companies compare sustainability-related management and performance. A star rating reflects an entity’s result within the relevant assessment, rather than a general certification that every property meets the same standard.
How do sustainability-linked loans work?
Sustainability-linked loans have financing terms that can change depending on whether a borrower meets agreed sustainability targets or performance measures. These targets are typically set out in the loan documentation and monitored over time. The structure links financing costs to sustainability performance, but does not necessarily restrict the borrowed funds to specific environmental or social projects.
What other ESG recognitions did the release report?
The release reports that CapitaLand Investment and CapitaLand Integrated Commercial Trust retained MSCI ESG ratings of AAA and AA, respectively, while CapitaLand Ascendas REIT retained an AA rating. It also says CapitaLand Investment and CapitaLand Integrated Commercial Trust were included in the FTSE4Good Index 2025, with other named trusts appearing in FTSE4Good indexes.

“CLI, our listed and private funds continue to lead in GRESB, reflecting our commitment to embedding sustainability across the fund management lifecycle – from product development, capital raising and investments to asset and portfolio management,” said Mr. Vinamra Srivastava, Chief Sustainability & Sustainable Investments Officer, CLI. “By aligning sustainability with financial performance, we create tangible long-term value for our investors, including redeploying interest rate savings into sustainability initiatives. As we work towards our 2030 Sustainability Master Plan targets, we remain focused on delivering sustainable returns that benefit all our stakeholders.”
Additional ESG Recognitions in 2025
• CLI and CICT maintained their MSCI ESG Rating of ‘AAA’ and ‘AA’ respectively for four consecutive years, while CLAR also retained its ‘AA’ rating for the third consecutive year. CLI remained a constituent of the 2025 MSCI ESG Leaders Index, marking its 12th consecutive year on this list.
• CLI and CICT were included in the FTSE4Good Index 2025, marking CapitaLand’s 12th and CICT’s 18th consecutive year of inclusion.
• CLAR was on the FTSE4Good Developed Index, while CLMT remained listed on the FTSE4Good Bursa Malaysia Index.
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At a glance
- Company
- CapitaLand Investment Limited
- Announcement
- Award
- Location
- Singapore
Key figures
- Public Disclosure rating
- ‘A’
- COREF standing-investment rating
- 5-star
- CLMT standing-investment rating
- 4-star
- CLARA II rating
- 4-star
- CLAS category ranking
- first position
- CLAS consecutive years at first position
- fifth year
People
- Vinamra SrivastavaChief Sustainability & Sustainable Investments Officer, CLI
Products and programs
Earlier from CapitaLand Investment Limited
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- CapitaLand Investment’s Group CEO Lee Chee Koon honoured as ‘Industry Figure of the Year - Asia Pacific’ at PERE Global Awards 2024
- CapitaLand Investment’s FY 2024 Total PATMI increases 165% year-on-year to S$479 million; Proposes total dividend of 18 Singapore cents1