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About 75 directors, senior management and staff from CDL and the Hong Leong Group of companies including Hong Leong Finance and Hong Leong Asia toured the “Melting Ice, Sinking Cities” Climate Action Exhibition that opened in June this year at the CDL Green Gallery.

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On 26 October 2023, City Developments Limited (CDL) held its 10th Annual Sustainability Forum for the Hong Leong CDL and Group of companies at the Singapore Botanic Gardens' Function Hall, back in person for the first time in three years since the COVID-19 pandemic.

Themed “Sustainability Reporting – Value vs Investment; Challenges vs Opportunities”, the forum proved to be timely and important as the International Sustainability Standards Board (ISSB) issued its inaugural standards – IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information), and S2 (Climate-related Disclosures) – earlier this year. This transition has advanced efforts to reduce reporting fragmentation.

Around 75 directors, senior management and staff of the Hong Leong and CDL Group of Companies attended the forum. Issues discussed included global trends on mandating sustainability reporting, importance of climate governance and corporate stewardship, climate reporting and transition planning, how regulators can help companies meet reporting requirements through proportionality measures, as well as managing of institutional investors to push the sustainability agenda.


(L-R): Panellists Ms Cherine Fok, Partner, ESG at KPMG Singapore; Ms Bong Yap Kim, Senior Technical Director of the Sustainability Reporting Office at the Accounting and Corporate Regulatory Authority (ACRA); Ms Fang Eu-Lin, Partner, Sustainability and Climate Change Practice Leader at PwC Singapore; Mr Michael Tang, Head of Listing Policy & Product Admission and Head of Sustainable Development Office at SGX RegCo; and moderator Ms Esther An, CDL Chief Sustainability Officer.

CDL Group CEO, Mr Sherman Kwek, giving his closing remarks.

Following the panel discussion, CDL Group Chief Executive Officer Mr Sherman Kwek emphasised the importance of collaborative partnerships in driving climate action, stressing that the more action taken now, the more pain we save ourselves in the future. He added that sustainability reporting will help companies identify gaps in their businesses and serve as a tool to mitigate and adapt to risks, shielding the business from danger and propelling organisations forward in the journey towards net zero.

In closing, attendees were invited to the CDL Green Gallery for a tour of the “Melting Ice, Sinking Cities” Climate Action Exhibition that opened earlier this year in June.

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