The Netherlands-based Global Real Estate Sustainability Benchmark (GRESB) survey has ranked Singapore-listed Capitamall Trust (CMT) (SGX:C38U) and Keppel REIT (SGX:K71U) as top large cap retail and office funds in Asia respectively for 2014.
The annual survey, which collects information regarding the sustainability performance of property companies and funds, is done with the aim of identifying global leaders in the sector according to region.
According to information provided by GRESB, the survey includes information on sustainability performance indicators, such as energy and water usage on top of broader issues, such as sustainability risk assessments, performance improvement programs, and engagement with employees, tenants, suppliers and the community.
The GRESB Survey is aligned with international reporting frameworks such as the Global Reporting Initiative (GRI), the Principles for Responsible Investment (PRI) and the Dow Jones Sustainability Index (DJSI).
Sustainability indicators such as these are seen as a company's or fund's commitment towards environmental, societal and governance issues in its day to day operations.
A statement released by Keppel REIT on 8 September indicate that this is the first time it has received the accolade.
Other Asian REITs on the list of leaders include Nippon Prologis REIT (FRA:9NPA) which was named top small cap industrial fund in Asia for the year.