Chief Sustainability Officer
City Developments Limited
Since its inception in 1963, City Developments Limited (CDL) has been Singapore’s property pioneer. The legacy of CDL’s past five decades has been one of sustained growth and accomplishment.
Today, CDL is a Singapore-listed international property and hospitality conglomerate with businesses in real estate development and investment, hotel ownership and management, facilities management and the provision of hospitality solutions. It is one of Singapore’s largest companies by market capitalisation and has a global presence of 91 locations in 25 countries.
With an extensive network of more than 400 subsidiaries and associated companies under its wings, CDL has five companies listed on notable stock exchanges in New Zealand, Hong Kong, London and Philippines. The Group currently owns and manages a solid portfolio of residential and investment properties, in addition to hotels, across Asia, Europe, Middle East, North America and New Zealand/ Australia.
The Group’s global presence is led by its diversification into hospitality management and the acquisition of hotel assets through CDL’s London-listed subsidiary, Millennium & Copthorne Hotels plc (M&C). As one of the world’s largest global hospitality management and real estate groups, M&C owns, asset manages and/or operates 120 hotels globally. The Group was also the first to establish a hospitality trust in 2006.
CDL Hospitality Trusts currently owns hotels in Singapore, Australia, New Zealand, the Maldives and Japan. CDL’s China division and wholly-owned subsidiary, CDL China Limited, has been strategically making inroads in China’s key cities. CDL has also established a real estate platform in the United Kingdom which focuses on acquisitions of real estate in Greater and Central London for development and investment.
CDL holds an impressive track record of having developed over 36,000 luxurious and quality homes across diverse market segments. As one of Singapore’s biggest landlords, it owns close to 7.2 million square feet of floor/lettable area of office, industrial, retail, residential and hotel space locally and globally. Amongst private developers in Singapore, the Group possesses one of the largest land banks, with more than 2.7 million square feet, which can be potentially developed into over 7.6 million square feet of gross floor area.
As a socially responsible corporation, CDL is fully committed towards environmental sustainability and has been taking the lead in shaping Singapore’s built environment over the past two decades.
Testament to its commitment towards social responsibility and sustainable development, CDL was honoured with the President’s Social Service Award and President’s Award for the Environment in 2007. It was also the only developer to be accorded the Built Environment Leadership Platinum Award in 2009 and Green Mark Platinum Champion Award in 2011 by the Building and Construction Authority (BCA), the governing authority for Singapore’s built environment. To date, CDL has amassed a portfolio comprising over 80 BCA Green Mark certified developments and buildings, the most amongst local developers.
CDL is the first Singapore company to be listed on three of the world’s sustainability benchmarks – FTSE4Good Index Series (since 2002), Global 100 Most Sustainable Corporations in the World (since 2010) and the Dow Jones Sustainability Indices (since 2011). In 2015, CDL was ranked the most sustainable real estate company in the world by Global 100 and has been ranked as Asia’s Top Property Developer, Top Singapore Company and Top 10 Companies in the Channel NewsAsia Sustainability Ranking since 2014. CDL is also listed in the Global Compact 100 Index, Global Real Estate Sustainability Benchmark, MSCI ESG Indices and the STOXX® Asia Pacific ESG Leaders Index, amongst others.
CDL is a founding member of the Global Compact Network Singapore (formerly known as Singapore Compact for CSR), and one of the pioneer Singapore signatories of the United Nations Global Compact to lend support to the advancement of responsible corporate citizenship in Singapore.