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Mapletree Logistics Trust - Maybank Research 2022-10-06: Riding The Renewables Wave ~ Logistics Play With An ESG Touch

MAPLETREE LOGISTICS TRUST (SGX:M44U) | SGinvestors.io MAPLETREE LOGISTICS TRUST (SGX:M44U)

Mapletree Logistics Trust - Riding The Renewables Wave ~ Logistics Play With An ESG Touch

  • Mapletree Logistics Trust scores 58 under our expanded ESG 2.0 methodology, above the average of 50.
  • Mapletree Logistics Trust has executed well on solar energy adoption, green financing and waste recycling. It’s working towards a more comprehensive framework to achieve carbon neutrality by 2030. Nonetheless, disclosures on interim targets could improve its score further.



Ready for a closer look

  • 2021 was a milestone year in Mapletree Logistics Trust (SGX:M44U)’s ESG course, in our view - inaugural submission to GRESB review, introducing new material matters and targets.
  • We also note two new markets (China and Malaysia) came under Mapletree Logistics Trust’s disclosure scope in FY21. New initiatives such as green lease and accelerated green certification are expected in FY23. Mapletree Logistics Trust is conceptualizing a green building certification roadmap and has committed to adding 25% green certified GFA in FY23 (from FY22 baseline).
  • Overall, Mapletree Logistics Trust scores well in our ESG 2.0 review. While Mapletree Logistics Trust is working towards net zero for Scope 1 and 2 emissions by 2030, more ambitious interim targets on energy intensity reduction could drive a higher score.


Strong exposure to renewable energy


Prudent capital management



Read also ESG assessment reports of other industrial S-REITs:





Li Jialin Maybank Research | https://www.maybank-ke.com.sg/ 2022-10-06
SGX Stock Analyst Report BUY MAINTAIN BUY 2.150 SAME 2.150



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