Keppel REIT's property in Singapore, Bugis Junction Towers. (Photo: REITsWeek)Keppel REIT's property in Singapore, Bugis Junction Tower. (Photo: REITsWeek)

Singapore-listed Keppel REIT has been ranked first among listed real estate companies in the Global Real Estate Sustainability Benchmark (GRESB) for 2016.

GRESB is an annual survey that seeks to identify industry leaders among international real estate companies, and asset managers with regards to environmental, social and corporate governance (ESG) practices.

Besides finishing at pole position among listed real estate companies, Keppel REIT has also been ranked second globally across all 733 diversified entities and sectors, as well as among 173 companies in the office sector, up from its third position in 2015 for both categories.

"With a sterling portfolio of prime office buildings, we strive to adopt high sustainability standards and best practices to achieve positive and sustainable outcomes for the environment and all our stakeholders”, said Ng Hsueh Ling, CEO of Keppel REIT’s manager.

“We are encouraged by the recognition in our sustainability journey as we continue to work at enhancing the environmental performance of our properties and business operations”, she added.

Keppel REIT’s office properties bear environmental certifications from entities such as the Leadership in Energy and Environmental Design (LEED), the Green Building Council of Australia, and the National Australian Built Environmental Rating System.

These property certifications have helped to attract and retain well-established tenants from various industries, said Keppel REIT.

Units of Keppel REIT last changed hands on the Singapore Exchange at SGD1.13.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.