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CDL first in Southeast Asia to apply two-pillar ESG disclosure framework in sustainability report

Nicole Lim
Nicole Lim • 2 min read
CDL first in Southeast Asia to apply two-pillar ESG disclosure framework in sustainability report
Photo credit: CDL
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City Development Limited (CDL) (SGX:C09) is the first company in Southeast Asia to apply the two-pillar Environmental, Social and Governance (ESG) disclosure framework in its Integrated Sustainability Report (ISR), its sixteenth sustainability report since 2008. The two-pillar ESG disclosure harmonises nine key ESG reporting standards and 14 UN Sustainable Development Goals.

Themed “Zero in on Positive Impact”, the digital report communicates the real estate organisation’s progress towards its ESG goals and targets under the CDL Future Value 2030 Sustainability Blueprint. Aligned with global and local climate goals and the UN Sustainable Development Goals (SDGs), the blueprint is integral to the company’s business strategies and operations, allowing it to mitigate and adapt to ESG risks and capture growth opportunities.

In the report, CDL said that it achieved a 24% reduction in carbon emissions intensity in 2022, from 2016.

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