CDL ranked top Singapore company in Global 100 Most Sustainable Corporations in the world in 2017
City Developments Limited (CDL) has emerged as the Top Singapore Company and the Most Sustainable Corporation in Real Estate Management & Development in the prestigious Global 100 Most Sustainable Corporations in the World in 2017. Coming in at the 30th spot, CDL is also the first and only Singapore company to be listed on the Global 100 ranking for eight consecutive years. Conducted by Corporate Knights, a Toronto-based international media and investment research firm, the Global 100 is recognised as the world’s preeminent sustainability equity index and gold standard in corporate sustainability analysis.
The 2017 ranking was announced at the World Economic Forum in Davos, Switzerland. As global warming and climate change intensify, sustainability has become a mainstream business agenda, with companies worldwide facing an increased call towards low-carbon operations and economy. To chart sustainable development, the United Nations Sustainable Development Goals (SDGs) came into force on 1 January 2016, forming the global framework to inform policy decisions by governments.
Businesses that support the SDGs and sustainability are thus more likely to be aligned with emerging policy priorities, potentially enhancing their license to operate. In 2016, CDL was one of the first Singapore companies to align its material issues to the SDGs. Mr Grant Kelley, CDL Chief Executive Officer said, “CDL is honoured to be listed amongst the best global sustainability leaders. For over 20 years, our pursuit of sustainable development has built our stewardship in environmental, social and governance (ESG) performance. In the long run, this not only enhances CDL’s reputation, but also assists in risk mitigation, cost management and drives improved operational performance.”
“There are tremendous opportunities for companies to create value through sustainability. With increasing interest in Socially Responsible Investment, we believe that CDL’s sustainability commitment will enable us to tap these prospects ahead,”
Mr Kelley continued. “Global 100 companies are powerful exponents of the idea that doing better by society and the planet can be financially rewarding. I am glad to see that companies, like CDL, have been consistent in their long term commitment to sustainability best practices. I would like to congratulate CDL for remaining listed on Global 100 for eight consecutive years,” said Mr Toby Heaps, Corporate Knights Chief Executive Officer.