CapitaLand Ascott Trust shoots for lower carbon footprint, higher portfolio yield

WHEN Serena Teo was appointed chief executive officer of the managers of CapitaLand Ascott Trust (Clas) in June 2022, sustainability was one area she wanted to focus on. 

Together with the heads of department of Clas’ managers and The Ascott Limited’s operations and technical teams, Teo set out to implement a sustainability strategy for the trust. 

“Sustainability is at the core of everything we do,” the CEO of Clas’ managers told The Business Times. “We are committed to making a positive impact. This not only includes growing in a responsible manner, delivering long-term economic value, but also contributing to the environmental and social well-being of our communities.”