Raising the bar on lowering its carbon footprint for climate action, CDL has become the first real estate developer in Singapore and the first real estate conglomerate in Southeast Asia to sign the WorldGBC’s Net Zero Carbon Buildings Commitment. Given the high environmental impact of the Built Environment, the Commitment challenges businesses to take leadership action to reach net zero carbon in operation for every building under their direct control by 2030, and advocates for all buildings to be net zero carbon in operation by 2050. Read More
Announced virtually at the 17th Annual Global 100 Launch, CDL has been ranked the world’s top real estate company on the 2021 Global 100 Most Sustainable Corporations in the World, taking 40th place. Since 2010, CDL is the first and only Singapore company to be included in Global 100 – one of the world’s leading sustainability indices, for 12 consecutive years. This year, CDL has also remained Singapore’s top-ranked most sustainable company in the world, a position held for the third consecutive year. Read More
City Developments Limited (CDL) has once again been recognised by several leading global sustainability ratings and rankings for its track record in effective ESG integration and strong performance. Ranging from emissions reduction to carbon management strategies and corporate governance, these awards and accolades cover the full spectrum of CDL’s longstanding commitment to sustainable development for over two decades. Read More
CDL has been ranked the top developer in the Building and Construction Authority’s "Search for Quality Housing" online tool since 2017. The tool compares developers and properties based on a Construction Quality Assessment System and Quality Mark. Two of CDL’s projects – The Venue Residences and Nouvel 18 – are also listed among the top 10 properties in Singapore.
CDL entered into an agreement to acquire a 51.01% joint controlling interest in Sincere Property for an initial investment of RMB 4.39 billion. Upon completion of the transaction, CDL will hold a joint controlling interest in Sincere Property via an offshore investment vehicle, making CDL the single largest shareholder of Sincere Property.
Themed “Changing the Climate. Changing the Future.”, this digital sustainability report communicates CDL’s ESG performance and progress towards our ESG goals and targets set under the CDL Future Value 2030 Sustainability Blueprint. The report highlights CDL’s sustainability strategy that is anchored on our four pillars – Integration, Innovation, Investment and Impact, and our concrete actions in accelerating green building, sustainability, and climate advocacy efforts.
CDL emerged as the only Singapore company to win multiple accolades at the 5th Asia Sustainability Reporting Awards (ASRA), bringing home a total of three golds and one silver at the virtual awards ceremony held on 29 April 2020. CDL clinched gold for “Asia’s Best Integrated Report Award”, the most prestigious award for sustainability reporting across the region, as well as gold for “Best Carbon Disclosure” and “Best Sustainability Report (Digital)”, and a silver for “Best Sustainability Report (Design)”.
The 16th annual survey recognises leading providers of real estate products and services, gathering worldwide responses from industry consultants and researchers, investment managers, and corporate end-users.
CDL is humbled to lead the way with this year’s accolades: