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Nine S-REITs In Yield Focus Index Based On Positive Environmental Attributes (The Business Times)

Nine S-REITs In Yield Focus Index Based On Positive Environmental Attributes (The Business Times)

November 9, 2021 – According to the UN Environmental Programme, the real estate sector has one of the largest carbon footprints, contributing to 30 per cent of global annual greenhouse gas (GHG) emissions and consumes around 40 per cent of the world’s energy.

This explains the increasing focus on climate change issues and responsible investment practices.

SGX and UOB Asset Management have jointly launched the iEdge-UOB Apac Yield Focus Green Reit Index, an index which tracks the performance of 50 higher-yielding Reits in Asia-Pacific (Apac) with positive environmental attributes based on the GRESB assessment framework.

GRESB is the global leader for ESG research of real assets, covering more than 1,500 property companies, Reits, funds and developers with US$5.7 trillion in assets under management.

Out of the 50 constituents, 9 are S-Reits & property trusts: CapitaLand Integrated Commercial Trust CapLand IntCom T: C38U -0.92% , Mapletree Logistics Trust Mapletree Log Tr: M44U -0.5% , Mapletree Industrial Trust Mapletree Ind Tr: ME8U -0.37% , Mapletree Commercial Trust Mapletree Com Tr: N2IU 0% , Frasers Logistics & Commercial Trust Frasers L&C Tr: BUOU -1.31% , Suntec Reit Suntec Reit: T82U +0.65% , Keppel Reit Keppel Reit: K71U -0.87% , Mapletree North Asia Commercial Trust Mapletree NAC Tr: RW0U +1.52% , and Ascendas India Trust Ascendas-iTrust: CY6U -0.69% .

The iEdge-UOB Apac Yield Focus Green Reit Index is the first index globally to go beyond using the overall GRESB score and focus on four key environmental indicators to determine the environmental attributes – energy consumption, water consumption, GHG emissions, and green building certifications.

Read more here..

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