Manila Bulletin | Citicore REIT firm scores ‘highest rating’ in sustainability assessment

Posted on January 5, 2022

The Citicore Energy REIT Corporation (CREIT), the real estate investment trust (REIT) arm of Citicore Power Inc., scored the highest ‘dark green rating’ in a sustainability-linked assessment carried out by Norwegian firm Cicero Shades of Green (Cicero Green).


Cicero Green is a subsidiary of climate research institute CICERO, which is widely touted as Norway’s topnotch entity on climate research that has key goals of delivering fresh insights on helping solve challenges as well as reinforce international cooperation on addressing climate change risks.


Under the Cicero Green ratings, it was explained that ‘dark green’ ranks highest; followed by medium green, light green, yellow and then red – and such ratings are accorded to companies being evaluated “depending on the environmental soundness of green projects; and long-term support on low-carbon and climate resiliency.”


According to Cicero Green, CREIT “is the first Southeast Asian company to receive a dark green shading in a company assessment.”



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Citicore Energy REIT Corp. (C-REIT)is the country’s first energy REIT, focused on delivering excellent value and attractive returns to shareholders by responsibly harnessing nature’s resources and empowering communities. C-REIT operates as a REIT upon compliance with the Philippine REIT Law.

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