City Developments Limited named as the “Most Sustainable Corporation” in Real Estate Management & Development in 2017. (Photo: Christopher Chitty)
City Developments Limited (CDL) announced on Tuesday (24 October) that it was named as Singapore’s highest scoring property firm in CDP’s latest rankings for climate change response.
The home-grown developer received a score of A- and is one of only four companies in Hong Kong and the ASEAN region that obtained a “Leadership” ranking for its climate disclosure submitted to CDP, a UK-based non-profit environmental disclosure platform formerly called the Carbon Disclosure Project.
This score is a testament to the company’s effort towards climate change mitigation and adoption of best practices to reduce Greenhouse Gas (GHG) emissions. It also shows that there is a significant progress in CDL’s actions to alleviate climate-related risks in the last reporting year.
“Sustainability has become mainstream and climate change has significant impacts across many sectors and regions. Businesses should work towards low carbon operations in support of the global climate actions, and play a key role in ensuring transparency around climate-related risks and opportunities,” said CDL Chief Sustainability Officer Esther An.
“Founded on our ethos of ‘Conserving as we Construct’ since 1995, sustainability has been integrated into CDL’s business and operations, and this has served as a strategic differentiator for our brand and products,” she noted.
Notably, thousands of firms globally submit annual climate disclosures to CDP, which evaluates these against its scoring methodology.
Last month, CDL was named as the “Regional Sector Leader” for Asia’s office segment in the 2017 Global Real Estate Sustainability Benchmark (GRESB). It obtained the top spot in the ranking among 31 participants in this category.
This article was edited by Keshia Faculin.