Released on 3 August 2022, CDL has emerged 4th on the Singapore Governance and Transparency Index (SGTI) this year, maintaining its previous ranking from 2021. Singapore-listed companies and trusts were found to have fared better in corporate governance and sustainability disclosure practices compared to last year.

The SGTI is an annual study jointly conducted by CPA Australia, the National University of Singapore (NUS) Business School’s Centre for Governance and Sustainability (CGS) and the Singapore Institute of Directors (SID). The study evaluates Singapore Exchange-listed companies on their corporate governance practices as well as the timeliness, accessibility and transparency of their financial disclosures. In addition, the assessment framework has been continuously reviewed and updated to align with the latest leading practices in corporate governance.

This year’s index ranked a total of 489 Singapore-listed companies in the General category, and 44 trusts in the REIT and Business Trust category. These companies and trusts released their annual reports by 31 May 2022.

As one of the pioneers in Singapore to integrate ESG into its business, practising accountability and transparency is part and parcel of the CDL DNA. With a robust corporate governance framework, CDL has always adopted a proactive approach beyond regulatory compliance towards best practices, including sustainability and governance reporting.

Alongside an overall trend of businesses making commendable efforts in this journey, CDL will remain committed to upholding high standards for long-term sustainability and value creation for stakeholders.