CDL Australia’s parent company, City Developments Limited (CDL) has been named the world’s most sustainable real estate management and development company following a global list from Corporate Knights.
Appearing as the first and only Singaporean company to be included in the list, CDL was praised for its dedication to the current climate crisis and sustainable practices, outperforming corporate conglomerates such as Tesla Inc, Apple Inc and Unilever PLC.
At the 22nd spot in the 2024 Global 100 Most Sustainable Corporations in the world, CDL rose six places from its 28th position in 2023.
The list, developed by Toronto-based media and research organisation Corporate Knights, has been ranking the world’s most sustainable corporations since 2005. CDL has appeared in the list since 2010.
Mr Sherman Kwek, CDL’s Group Chief Executive Officer said the Group was honoured to be recognised as a global leader in a list that further emphasised the significance of sustainability.
“As stewards of the built environment, businesses have a pivotal role in decarbonising our world. We are honoured to be recognised again as the world’s most sustainable real estate company on the Global 100 Most Sustainable Corporations in the World listing.”
“This accolade reaffirms our commitment to a climate-positive future and achieving our initial net-zero goals by 2030.”
Corporate Knights’ Chief Executive Officer, Mr Toby Heaps, said CDL was setting a global industry standard for development and real estate.
“CDL is setting the global standard for sustainability in the real estate sector,” he said.
“Companies listed on the Global 100 index represent the gold standard for sustainability performance, with CDL as a perennial constituent reflecting its longstanding commitment to sustainability excellence.”
Head of Australia, Mr Cameron Laird, said he was proud of CDL’s unwavering commitment to sustainability.
“City Developments Limited are leading the way for real estate and industry developers, and I applaud the team for this exceptional recognition.”
“CDL Australia is proud to be backed by the world’s most sustainable real estate company in 2024.”
CDL Australia is delivering exceptional residential developments to the Australian property market with three build-to-sell projects and two build-to-rent projects currently under way in Brisbane and Melbourne.
From using recycled and raw materials in a project’s concrete, to sourcing steel from an environmentally sustainable steel maker, CDL Australia is committed to using sustainable practices and follow the ethos “conserve as we construct.”
For more information on our current and completed projects, visit the projects page.