Congratulations to our client, City Developments Limited (CDL) for being named the Top Property Developer in Asia and Top Singapore Corporation, for the third year running.
CDL is now in the 2nd spot in the list of top 100 most sustainable companies in Asia. It is also the only Singapore company and property developer in the top 20 list for 2016. CDL is the only Singapore company to have made it to the top 10 list for three consecutive years since the inception of Channel NewsAsia Sustainability Ranking in 2014. The Ranking highlights the overall top 20 companies and the top three businesses per country. It provides investors and consumers insights into corporate sustainability practices, and enables companies to benchmark their sustainability performance against other regional businesses.
Mr Grant Kelley, CDL Chief Executive Officer said, “Sustainability is fast becoming mainstream in today’s global business environment. CDL has always been a firm proponent of integrating sustainability into our corporate vision and business strategy. This has created long-term value not only for CDL, but also our investors, customers, the broader community and the environment. CDL will continue to push forward with sustainable innovations and practices across our operations and supply chain. With the rise of green consumerism and global expansion of Socially Responsible Investment Funds, we believe our sustainability commitment will enable us to tap more growth opportunities ahead.”
CDL has spearheaded numerous groundbreaking innovations in green properties, including the first CarbonNeutral® development in Asia Pacific and Singapore, 11 Tampines Concourse; Singapore’s first Eco-mall, City Square Mall; and Tree House condominium, which achieved a Guinness World Record for the largest vertical garden.
As shared in its 2016 Integrated Sustainability Report titled ‘Integrating our Strengths, Creating Future Value’, CDL has also introduced robust targets for reduction in energy and water use. These new targets are in addition to CDL’s carbon emissions intensity3 reduction targets set in 2011 – 22% by 2020 and 25% by 2030, from baseline year 2007.
In 2016, CDL further took the lead as one of the first Singapore companies to align its material
issues to the United Nations (UN) Sustainable Development Goals (SDGs) launched in September
2015. The SDGs are expected to form a global standard that will inform future policy decisions and
legislation by governments. Businesses that support the SDGs are thus more likely to be aligned
with emerging policy priorities, potentially enhancing their licence to operate.