City Developments, CapitaLand and StarHub have been included in the Global 100 Most Sustainable Corporations in the World index.
CapitaLand, in 2021, jumped five places to 58th place from 63rd in 2020.
CDL was ranked 40th, down from 36th in 2020.
See: City Developments Limited ranked most sustainable company in real estate and in Singapore by Global 100
StarHub made its re-entry at the 80th position. It was ranked in previous years.
Schneider Electric, ranked top this year, leapt from 29th position last year.
The top 100 corporations were selected following an analysis of 8,080 companies.
This was done using a set of 24 key performance indicators covering areas such as clean revenue, resource efficiency, employee management, financial management and supplier performance.
New indicators such as clean investment and diversity among executives and board of directors have been included in the analysis for 2021. Sherman Kwek, CDL’s group CEO, calls the social and economic challenges posed by Covid-19 to have accelerated sustainability and pushed it further into the global spotlight.
“Our strong foundation in ESG integration forged over two decades has been vital in future-proofing our business and preparing us for new challenges and unforeseen changes,” says Kwek.
SEE: CapitaLand Limited launches 2030 sustainability master plan, aims to triple its sustainable finance portfolio to $6 bil
“In spite of a challenging year in 2020, ESG integration has remained a fundamental aspect of our business strategy and we will continue to drive sustainability to build resilience for a greener and healthier recovery,” he adds.
“With the launch of CapitaLand’s 2030 Sustainability Master Plan last October, we continue to elevate our environment, social and governance (ESG) efforts with ambitious targets over the next decade,” says Lynette Leong, CapitaLand’s chief sustainability officer.
All of its developments must also adhere to CapitaLand’s Sustainable Building Guidelines which incorporate the design and construction specifications in accordance with CapitaLand’s 2030 Sustainability Master Plan targets.
In the same statement, CapitaLand says it is also developing a new metric, Return on Sustainability, in addition to the regular financial return to measure its environmental, social and corporate governance (ESG) impact.
“We are both delighted and humbled to be counted among the top 1% globally in what is widely considered as the gold standard in data-driven corporate sustainability analysis,” says Veronica Lai, StarHub’s chief corporate officer.
“Our unwavering dedication to sustainable practices drives us to formulate strategies and initiatives that maintain a harmonious balance between our economic, social and environmental imperatives. This is truly an honour, and it will encourage us to continue doing what is right for our stakeholders, investors, customers and the community in which we operate,” she adds.
