SUSTAINABILITY INNOVATOR

Developer’s Credentials

For more than two decades, CDL, the Singapore-based company which owns developer Reselton Properties, has championed ground-breaking innovations, and set new sustainability benchmarks to deliver a positive impact for the community and the environment.

CDL’s track record of effective Environmental, Social and Governance (ESG) integration over two decades has been widely recognised by 13 leading global sustainability benchmarks, including the 2022 and 2021 ‘Global 100 Most Sustainable Corporations in the World’, of which CDL was ranked 5th Corporation worldwide in January 2022 having already achieved top place amongst listed real estate companies worldwide in 2021. Many prestigious accolades (see below) reaffirm the CDL group’s climate strategy and commitment, and underscore their positioning as regards sustainability.

2022 listings:

CDL is Ranked 5th Most Sustainable Corporation in the World and Top Real Estate Company Globally

City Developments Limited (CDL) has ranked 5th on the 2022 Global 100 Most Sustainable Corporations in the World and maintains its position as the world’s most sustainable real estate management and development company. This marks the company’s best performance to date, having jumped from 40th position in 2021.

Since 2010, CDL has been the first and only Singapore company to be included in the Global 100 for 13 consecutive years. This year, CDL has also remained as Singapore’s most sustainable company in the world, a position held for the fourth consecutive year.

CDL will strengthen its emissions pathways and carbon reduction efforts to achieve its net zero target by 2030. It will also continue to leverage existing and emerging technological innovations to reduce building energy consumption.

Analysed by Corporate Knights, a Toronto-based international media and investment research firm, the Global 100 ranking is recognised as the world’s preeminent sustainability equity index and gold standard in corporate sustainability analysis. Companies listed on the 2022 Global 100 ranking were selected after a rigorous assessment of over 6,900 companies with more than US$1 billion in revenues – each evaluated on a set of up to 24 Environmental, Social and Governance (ESG) indicators relative to their industry peers using publicly available information.

Summary:

• Jumped from 40th place in 2021 to 5th position this year on Global 100 list – marking CDL’s best performance since 2010
• Maintains its ranking as the world’s most sustainable real estate management and development company for the fourth consecutive year
• Reaffirms its commitment to strengthening emissions pathways and carbon reduction efforts to achieve net zero goal by 2030

Mr Sherman Kwek, CDL Group Chief Executive Officer, said, “It is very encouraging to see companies around the world taking decisive climate action and CDL is deeply honoured to be ranked 5th on the 2022 Global 100 Most Sustainable Corporations. Our unwavering commitment continuously spurs us to set new benchmarks, such as including embodied carbon in our net zero targets. As we join the global momentum towards net zero and do our part in decarbonising the environment, we hope to see more companies join the collective effort. Only by working with our partners and stakeholders can we positively impact our value chain. Together, we can build a more resilient and sustainable future.”

Mr Toby Heaps, Corporate Knights Chief Executive Officer, said, “We’re pleased to see long-term Global 100 company CDL break into the top five this year, as part of a growing contingent from the Asia-Pacific region, and the top-ranked real estate and leasing company. With more than 80% of its revenue coming from clean and energy-efficient building construction and management, CDL is showing global leadership in addressing the major carbon impact of our built environment.”

2021 listings:

City Developments Limited (CDL) has also been awarded the inaugural 2021 Terra Carta Seal on 3 November 2021 by His Royal Highness (HRH) The Prince of Wales through his Sustainable Markets Initiative. The seal is awarded to companies whose ambitions are aligned with those of the Terra Carta, which provides a recovery plan for Nature, People and the Planet. It also recognises companies who hold a leadership position within their industry and who have credible transition roadmaps underpinned by globally recognised, scientific metrics for achieving net zero by 2050 or earlier.