Amidst the challenges of COVID-19, City Developments Limited (CDL) is one of the few companies globally that has been recognised on both the 2020 CDP A List for corporate climate action and water security. This prestigious recognition marks the third consecutive year CDL has received an A score for climate change strategy, and second year it received A for water security. CDL is also the only Singapore company to score an A this year, and the only company in Southeast Asia and Hong Kong to remain listed on the CDP A List for three consecutive years.

The company’s low-carbon strategies and programmes have been designed to contribute to Singapore’s goal to achieve net zero emissions ‘as soon as viable’ in the second half of the century. From 2012 to 2019, CDL reported an annual energy savings of more than 17.7 million kWh as a result of energy-efficient retrofitting and initiatives implemented for our commercial buildings. In 2019, CDL achieved a 38% reduction in carbon emissions intensity against 2007 levels, putting it on track to achieving its Science Based Targets initiative-validated target of 59% by 2030.

As part of its robust water management strategy, CDL focuses on effective management of water quality and usage across every project’s development and management lifestyle. In addition to incorporating water-efficient fixtures and fittings holistically to maximise water efficiency, CDL annually performs an impact analysis on its utility consumption to better understand the implications of higher water tariffs. Monthly water consumption for its key business processes are also closely tracked to ensure the company is adequately prepared to continue managing its water usage effectively.

Ms Pratima Divgi, Regional Director, CDP Hong Kong, said, “CDP commends CDL, the only company in Southeast Asia to achieve CDP’s climate change A score for three consecutive years. Despite the challenges brought by COVID, companies have increasingly pledged or renewed their commitments to transparency and environmental action by disclosing through CDP. Business leaders like CDL demonstrate that urgent and robust action is not only possible but also conducive to the resilience of business operations, and we will continue to work with our corporate stakeholders to raise ambitions and step up efforts in realising the goals of the Paris Agreement.”

CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests, and is the number one climate research provider as voted by investors.