Media Release
ARA Attains Outstanding GRESB Results, Sets Out Roadmap to Achieve Net Zero

Singapore, 15 October 2021 – ARA Asset Management Limited (ARA or the Group) is pleased to announce that its listed REITs and private funds have achieved outstanding results in the 2021 GRESB Real Estate Assessment. Suntec REIT, Fortune REIT and ARA Peninsula Investment Partners have each attained the top “5 Star” rating. Suntec REIT was also awarded GRESB’s highest accolade — Global Sector Leader in the Office-Listed category, as well as Overall Regional Sector Leader in the Office (Asia) category and Regional Sector Leader in the Office-Listed (Asia) category. Fortune REIT is the first and only Hong Kong listed REIT to achieve a “5 Star” rating, securing the top position in the Eastern Asia Retail–Listed category.

ARA has actively participated in GRESB since 2017, a world leading ESG benchmark for real assets with more than 1,500 participants globally. This year, a total of 17 listed REITs and private funds participated, representing approximately 60% of the Group’s portfolio. ARA’s remarkable GRESB performance was achieved on the back of its pioneering twin pledges to the World Green Buildings Council’s Net Zero Carbon Buildings initiative and the United Nations-supported Principles of Responsible Investments made earlier in May. In support of these commitments, the Group has launched the ARA ESG Roadmap (Roadmap), which charts its sustainability path towards 2025 and beyond. The Roadmap sets out specific ESG targets as part of its decarbonisation plan in achieving Net Zero, including, among others, 80% GRESB participation for its property portfolio by 2025.

Sustainability is a core business tenet of ARA, which includes active monitoring, assessment and continuous improvement. Other achievements include green financing totalling S$1.8 billion as at September 2021 and a sustainability-linked interest rate swap, which is the first green financial instrument in Singapore to have a sustainable component.

As ARA invests for the future, the Group will strive to address the environmental, social and governance issues facing the world today as a responsible and impactful manager.

ARA’s latest sustainability report is available at http://www.ara-group.com/esg/esg.

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