In 2023, CDL will be ranked as the leading real estate company for sustainability

City Developments Limited (CDL) was ranked 28th in 2023’s Global 100 ranking, maintaining its status as the top-ranked real estate company in the world and also the top-performing Singapore company.

Marina View Residences by IOI Properties emerged as the winner after submitting the only bid amounting to $1.15b equivalent to $1,378.5 psf.

The Global 100, compiled annually by the Toronto-based media and investment analysis company Corporate Knights, ranks the top companies in the world that are sustainable. This year’s list includes more than 6,700 companies earning more than $1 billion ($1.33 billion) in revenue were assessed by a series of key performance indicators, which include the management of resources, employee management and finance management, sustainable revenues, sustainable investment as well as the performance of their suppliers.

“CDL is honored to have been included on the Global 100 Most Sustainable Corporations for the 14th year in a row,” remarks Sherman Kwek, CDL group CEO, in a press announcement. “As the world moves towards a net-zero goal, CDL will continue to actively contribute to this global goal which is a sustainable journey that we began over two decades back.”

CapitaLand also made it onto The Global 100, ranking 56th on the list, an increase of 19 positions from the previous year’s position. The company has been on its way onto the Global 100 list for 11 consecutive years. “CLI’s regular inclusion in prestigious indexes like The Global 100, Dow Jones Sustainability Indices, and GRESB is a testament to our leadership in sustainability globally in the field of real estate,” Vinamra Srivastava, Chief Sustainability Officer at CLI.