CDL, Singtel and StarHub among world's top 100 sustainable firms

In the annual Global 100 rankings announced at the World Economic Forum in Davos yesterday, CDL was in 30th place, Singtel in 52nd and StarHub in 69th. CDL said in a statement that it came in top globally among real estate management and development
In the annual Global 100 rankings announced at the World Economic Forum in Davos yesterday, CDL was in 30th place, Singtel (above) in 52nd and StarHub in 69th. CDL said in a statement that it came in top globally among real estate management and development firms, and is also the first Singapore firm to be listed in the rankings for eight consecutive years.ST PHOTO: JONATHAN CHOO, DESMOND WEE
In the annual Global 100 rankings announced at the World Economic Forum in Davos yesterday, CDL was in 30th place, Singtel in 52nd and StarHub in 69th. CDL said in a statement that it came in top globally among real estate management and development
In the annual Global 100 rankings announced at the World Economic Forum in Davos yesterday, CDL was in 30th place, Singtel in 52nd and StarHub (above) in 69th. CDL said in a statement that it came in top globally among real estate management and development firms, and is also the first Singapore firm to be listed in the rankings for eight consecutive years.ST PHOTO: JONATHAN CHOO, DESMOND WEE

Three of corporate Singapore's most well-known firms have been named among the 100 most sustainable companies in the world.

Developer City Developments (CDL) was in the 30th spot, with Singtel in 52nd and fellow telco StarHub in 69th, in the annual rankings announced at the World Economic Forum (WEF) in Davos, Switzerland, yesterday.

German conglomerate Siemens topped the list, followed by Norwegian insurer Storebrand, tech giant Cisco Systems from the United States, Denmark's Danske Bank and the Dutch ING Group.

CDL said in a statement that it came in top globally among real estate management and development companies, and is also the first Singapore company to be listed in the Global 100 rankings for eight consecutive years.

CDL chief executive Grant Kelley noted that the firm has been pursuing sustainable development for over 20 years. "In the long run, this not only enhances CDL's reputation, but also assists in risk mitigation, cost management and drives improved operational performance," he said, adding that there are "tremendous opportunities" for firms to create value through sustainability.

"With increasing interest in socially responsible investment, we believe that CDL's sustainability commitment will enable us to tap these prospects ahead," he said.

WINNING APPROACH

In the long run, this not only enhances CDL's reputation, but also assists in risk mitigation, cost management and drives improved operational performance.

CDL CHIEF EXECUTIVE GRANT KELLEY, noting that the firm has been pursuing sustainable development for over 20 years.

CDL said in the statement that it practises sustainability by designing and developing "green" buildings, managing buildings in an energy- and resource-efficient way and engaging and influencing stakeholders to support its commitment to sustainability.

The firm began sustainability reporting in 2004, before the Singapore Exchange's rules in this area were introduced last year.

The WEF ranking is compiled by Toronto-based media and investment research firm Corporate Knights. Its chief executive Toby Heaps said Global 100 firms are "powerful exponents of the idea that doing better by society and the planet can be financially rewarding".

"I am glad to see that companies like CDL have been consistent in their long-term commitment to sustainability best practices," he said.

Yasmine Yahya

A version of this article appeared in the print edition of The Straits Times on January 18, 2017, with the headline 'CDL, Singtel and StarHub among world's top 100 sustainable firms'. Print Edition | Subscribe