Tree House condominium in Singapore. (Photo: CDL)
City Developments Limited (CDL) has emerged as the 10th most sustainable corporation in the world and the most sustainable real estate firm globally in Corporate Knight’s 2016 Global 100 Sustainability Index.
This makes CDL the first and only Singapore firm to be ranked on the list for seven consecutive years. The company started in 81st position in 2010, before rising to 34th in 2015 and 10th this year.
Considered the gold standard in corporate sustainability analysis, the announcement was made at the World Economic Forum in Davos, Switzerland.
“Over the past two decades, CDL has continuously innovated, invested and improved on the way buildings sustain life. We are focused on sustainable development and have helped to green Singapore with more than 80 Green Mark buildings,” said Chief Executive Officer, Grant Kelley.
“Our efforts have created stronger brand equity and product differentiation. They have also given us a first-mover advantage as environmental regulations have been mandated progressively for the property sector.”
Meanwhile, CapitaLand was ranked in the Global 100 list for the fifth year running.
The developer was also listed in The Sustainability Yearbook 2016 of RobecoSAM, with a ‘Bronze Class’ distinction, effectively placing it among the top five real estate companies worldwide.
“This is our seventh listing in The Sustainability Yearbook, and our second consecutive listing as a ‘Bronze Class’ recipient. These accolades validate our success in integrating sustainability into our business. We will stay the course and continue developing and operating sustainably and responsibly,” said Tan Seng Chai, Group Chief Corporate Officer of CapitaLand and Chairman of the CapitaLand Sustainability Steering Committee.
RobecoSAM is an investment specialist that exclusively focuses on sustainability investing. Its annual report recognises the top 15 percent of companies across various industries worldwide, and identifies companies that are strongly positioned to create long-term shareholder value.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
