CapitaLand Investment Group scores five wins at the Singapore Corporate Awards 2023
CapitaLand Investment Group has scored five awards at this year’s Singapore Corporate Awards (SCA). Among its wins, CapitaLand Investment Limited (CLI) took home the Gold Award for Best Risk Management for listed companies with S$1 billion and above in market capitalisation – a first for the company. CLI also clinched the Bronze Award for the Best Annual Report.
In the Real Estate Investment Trusts (REITs) and Business Trust category, CapitaLand Ascendas REIT (CLAR) won the Gold Award for Best Annual Report, the sixth time it has received an award in this category. CapitaLand India Trust (CLINT) also obtained the Bronze Award for Best Annual Report, the first time it has received an award in this category. It had previously won the Gold Award for Best Investor Relations in 2018. In addition, CapitaLand Integrated Commercial Trust (CICT) bagged the Silver Award for Best Investor Relations, the third recognition it has received in this category at the SCA.
CLI – Best Risk Management Award (Gold) and Best Annual Report (Bronze)
The Best Risk Management Award was introduced in 2019 to recognise and raise awareness of the core and leading risk management practices required to support and sustain the strategic direction of companies, especially in the age of technology and disruption.
The Best Annual Report Award recognises excellence and clarity in financial reporting and presentation while considering a broader scope of disclosure beyond minimum regulatory requirements that are in tandem with the needs of investors and other stakeholders such as employees, creditors and the general investing public.
Mr Kee Teck Koon, CLI Board Risk Committee Chairman, said: “CLI adopts a strategic approach by regularly scanning for future and emerging risks, such as in geopolitical and environmental shifts, which could potentially impact the risk-reward relationships for our portfolio of diverse businesses. Business units are then empowered to operate within an agreed risk appetite and management framework. This strategy fosters risk ownership and performance accountability in business decision-making.