Two Singapore companies have made the top 10 in a ranking of the world's most sustainable corporations. Telco StarHub is the eighth most sustainable company, while property giant City Developments Limited (CDL) is at No. 10.
The ranking is released annually at the World Economic Forum in Davos, Switzerland, by Corporate Knights, a Toronto-based media and investment research company.
Global organisations with a market capitalisation above US$2 billion (S$2.9 billion) are eligible for the ranking.
The organisations were assessed on 12 indicators that measure the management of resources, employees and finances. They included productivity on energy, carbon, water, waste and innovation.
Some other factors were the percentage of tax paid, ratio of chief executive officer's (CEO's) compensation to average employee's compensation, safety performance, employee turnover and leadership diversity.
Two other Singapore companies also made the list, which ranks 100 of the world's most sustainable corporations. Conglomerate Keppel Corp was 55th, while property firm CapitaLand was 93rd.
CDL is the top real estate company in the ranking and is the only Singapore firm to have made it to the list for seven consecutive years. It has "continuously innovated, invested and improved on the way buildings sustain life", said its CEO Grant Kelley. "We are focused on sustainable development and have helped to green Singapore with more than 80 Green Mark buildings... They have also given us a first-mover advantage as environmental regulations have been mandated progressively for the property sector."
StarHub CEO Tan Tong Hai said he was happy that the company's sustainability efforts are recognised. "It has always been important to us to do what is right for the business, community and the environment. Our efforts are ongoing, and we will continue to work hard in our sustainability efforts."