May 5, 2020
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CDL bagged gold for Asia’s Best Integrated Report Award, Best Carbon Disclosure and Best Sustainability Report (Digital). It also received a silver for Best Sustainability Report (Design).

City Developments Limited (CDL) clinched three golds and one silver at the 5th Asia Sustainability Reporting Awards (ASRA), making it the only Singapore company to win multiple accolades.

CDL bagged gold for Asia’s Best Integrated Report Award, which is the region’s most prestigious award for sustainability reporting, Best Carbon Disclosure and Best Sustainability Report (Digital). It also received a silver for Best Sustainability Report (Design).

An early adopter and pioneer of sustainability reporting, CDL was the first corporation within the city-state to publish a dedicated sustainability report utilising the Global Reporting Initiative (GRI) framework since 2008.

Since then, the company continued to raise targets and refine metrics used to assess as well as manage climate-related risks and opportunities material to CDL’s business.

In fact, the company played a major role in spearheading the establishment of the GRI Regional Hub within the city-state last year. It continues to support the mission of GRI to raise the standards of sustainability reporting and disclosure within Singapore and the region.

“Having produced 13 dedicated sustainability reports largely by our in-house capacity, we are continually raising the bar of each report’s framework and scope. A good sustainability report not only communicates operational ESG performance but must also articulate the leadership commitment and long-term strategy to future-proof our business by promptly and proactively offering comprehensive and meaningful data,” said CDL Chief Sustainability Officer Esther An.

“Amid the many unforeseen challenges brought about by the COVID-19 pandemic and the new climate economy, ESG integration and reporting will help companies enhance their business resiliency and readiness for sustainable growth.”

Held on 29 April 2020, the ASRA 2019 saw 80 companies from 13 countries compete across 19 award categories.

The exclusive awards ceremony – which was hosted virtually due to COVID-19 pandemic – was attended by over 200 senior business leaders and sustainability professionals from 15 countries. Attendees also included dignitaries from academia, trade associations, embassies and advocacy organisations.

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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg

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