Within four years of listing Cromwell European REIT (“CEREIT”) has achieved a number of significant sustainability milestones, including recording several ESG ratings upgrades and winning multiple corporate governance awards. Most recently, the Manager of CEREIT executed Singapore’s first sustainability-linked cross-currency swap with OCBC.
On 23 February 2022 CEREIT announced its aspirational target to achieve Net Zero operational carbon emissions by 2040. CEREIT’s Board has just established one of the first Board sustainability committees in Singapore to add further governance to our ESG process. The Manager remains dedicated to integrating environmental considerations and processes into various aspects of CEREIT’s operations, from portfolio construction to asset management, stakeholder engagement and corporate governance.