CapitaLand Ascott Trust earns a spot in S&P Global Sustainability Yearbook 2025, marking a major ESG milestone as the only Asia Pacific lodging trust listed.

CapitaLand Ascott Trust (CLAS) has earned a place in the prestigious S&P Global Sustainability Yearbook 2025, marking its first-ever inclusion in the widely respected index. It stands as the sole lodging trust from the Asia-Pacific region to be featured in the yearbook and is also the only Singapore-listed entity under the ‘Equity Real Estate Investment Trusts’ category. CLAS has been distinguished with ‘Industry Mover’ status, an acknowledgment of its remarkable progress within its sector.

For 2025, the S&P Global Sustainability Yearbook assessed more than 7,690 companies worldwide, with only 780 making the cut. Companies are selected based on the S&P Global Corporate Sustainability Assessment (CSA), which evaluates their ability to manage key environmental, social, and governance (ESG) risks and opportunities. The assessment underscores the critical connection between corporate sustainability efforts and long-term business success.

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 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 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.

Citadines Holborn-Covent Garden London successfully completed its asset enhancement initiative (AEI) in the third quarter of 2024, revamping the post-war structure into a contemporary and eco-friendly property. The property holds an ‘Excellence in Design for Greater Efficiencies’ (EDGE) certification, underscoring its commitment to sustainability. As part of the AEI, the property integrated energy-saving features, including an advanced cooling system, LED lighting, and a heat pump for water heating to minimize energy consumption. Additionally, water-efficient fixtures such as low-flow showerheads, faucets, and toilets were installed, significantly reducing water usage. These initiatives have collectively enhanced energy and water efficiency while lowering carbon emissions.

Reinforcing Its Position as a Sustainability Leader

CLAS’ recognition in the S&P Global Sustainability Yearbook further cements its status as a global leader in sustainability. In 2024, the trust secured the ‘Global Listed Sector Leader – Hotel’ accolade from GRESB for the fourth consecutive year. It also maintained its top ranking in the Singapore Governance and Transparency Index within the REITs and Business Trusts category for the fourth year in a row. Additionally, CLAS was honored with the Singapore Corporate Sustainability Award in the REITs and Business Trusts category at the SIAS Investors’ Choice Awards 2024.

Aligning its financial strategy with its sustainability goals, CLAS has successfully secured more than S$800 million in sustainable financing to date.

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