As a leading green developer, Keppel Land embraces sustainability not only as a guiding principle, but on strategic and operational levels.
The Company published its eighth Sustainability Report in June 2016 to communicate its priorities, targets and performance reviews in the environmental, social and governance (ESG) aspects of its business operations.
In operating in an economically, socially and environmentally responsible manner, Keppel Land aims to achieve positive and sustainable outcomes for its businesses, the environment and the community at large.
Addressing stakeholders, CEO of Keppel Land, Mr Ang Wee Gee, said, “As a leading green developer, Keppel Land keeps itself at the forefront of best practices in sustainability. We continue to actively engage our stakeholders, including our tenants, homebuyers, employeesand the wider public in our sustainability journey.”
Keppel Land’s Sustainability Report was prepared in accordance with the Global Reporting Initiative’s (GRI) Sustainability Reporting Guidelines G4 requirements at the Comprehensive option, and was externally assured by independent third-party consultants to give stakeholders confidence in the accuracy, reliability and completeness of its contents.
The systems and processes that support Keppel Land’s sustainability framework was reviewed in adherence to the AA1000 AccountAbility Principles of Inclusivity, Materiality and Responsiveness and Completeness, as well as GRI G4 guidelines.
Benchmarks of excellence
Recognising that sustainability is an ongoing journey, Keppel Land aligns itself with internationally-recognised standards, including the International Organisation for Standardisation (ISO) standards, such as ISO 9001 on quality management, ISO 14001 on environmental management, OHSAS 18001 on occupational health and safety management, as well as ISO 26000 guidance on social responsibility and the United Nations Global Compact.
Keppel Land participates in the Carbon Disclosure Project and discloses and shares vital environmental information on a voluntary basis.
In 2015, Keppel Land was ranked fourth in Corporate Knights’ Global 100 Most Sustainable Corporations in the World, topping Asian as well as real estate companies worldwide.
Other accolades earned in 2015 include Top Honours (Large Organisations) at the Singapore Apex Corporate Social Responsibility Awards.
Keppel REIT topped the Global Real Estate Sustainability Benchmark (GRESB) 2015, ranking first in Asia across all diversified entities and sectors, first in Asia among listed real estate companies, as well as first among entities listed in the Asia Pacific Real Estate Composite Indices. It is the first REIT in Asia to maintain its top ranking as the Regional Leader for Office Sector in Asia for two consecutive years and is also among the top three for the office sector as well as across all diversified entities and sectors globally.
Keppel REIT listed on SGX sustainability index
Keppel REIT, together with Keppel Corporation, is among 24 constituents of the Singapore Exchange’s (SGX) new flagship SGX Sustainability Leaders Index, a free-float market capitalisation-weighted index that measures the performance of best-in-class sustainability leaders listed in Singapore.
The Index comprises SGX-listed companies that are frontrunners in ESG standards when compared to their peers – companies included in this benchmark meet minimum sustainability reporting requirements and are ranked above the 50 th and 25 th percentile in their Asia-Pacific peer group and global peer group respectively, based on assessments performed by Sustainalytics, SGX’s ESG research partner.
SGX announced the launch of its suite of Sustainability Indices on 30 May 2016. In addition to the flagship SGX Sustainability Leaders Index, the suite includes the SGX Sustainability Leaders Enhanced Index, SGX Sustainability Index and SGX Sustainability Enhanced Index. Keppel Corporation is listed among the top 10 constituents of all four indices.
Mr Loh Boon Chye, CEO of SGX, said, “Investors across the globe are placing increasing importance on ESG, resulting in significant growth of assets under management allocated to ESG strategies and growing demand for transparent benchmarking tools. SGX Sustainability Indices provide a transparent avenue through which investors can assess the sustainability practices of SGX-listed companies and identify ESG leaders in Singapore. They will also help to further profile SGX-listed companies with strong relevant credentials among a growing pool of ESG-aware international investors.”