CDL Australia’s parent company, CDL has been named the world’s most sustainable real estate management and development company in 2024, following a global list from Corporate Knights.
CDL has appeared in the list since 2010 and appeared as the first and only Singaporean company to be included.
“CDL is setting the global standard for sustainability in the real estate sector. Companies listed on the Global 100 index represent the gold standard for sustainability performance, with CDL as a perennial constituent reflecting its longstanding commitment to sustainability excellence.”
Mr Toby Heaps, Chief Executive Officer, Corporate Knights
The company was praised for its dedication to the current climate crisis and sustainable practices, outperforming corporates such as Tesla Inc, Apple Inc and Unilever PLC. CDL rose six places from its 28th position in 2023 to the 22nd spot in the 2024 Global 100 Most Sustainable Corporations in the world.
CDL Australia is delivering residential developments to the Australian property market, with two Build to Rent projects currently under way in Brisbane and Melbourne.
From using recycled and raw materials in a project’s concrete, to sourcing steel from an environmentally sustainable steel maker, the company is committed to using sustainable practices. The company follow the ethos ‘conserve as we construct’.
“City Developments Limited are leading the way for real estate and industry developers, and I applaud the team for this exceptional recognition. CDL Australia is proud to be backed by the world’s most sustainable real estate company in 2024.”
Mr Cameron Laird, Head of Australia, CDL Australia
Developed by Toronto-based media and research organisation – Corporate Knights – the list has been ranking the world’s most sustainable corporations since 2005.
Mr Sherman Kwek, CDL’s Group Chief Executive Officer said the Group was honoured to be recognised as a global leader in a list that further emphasised the significance of sustainability.
“As stewards of the built environment, businesses have a pivotal role in decarbonising our world. We are honoured to be recognised again as the world’s most sustainable real estate company on the Global 100 Most Sustainable Corporations in the World listing.
“This accolade reaffirms our commitment to a climate-positive future and achieving our initial net-zero goals by 2030.”
Mr Sherman Kwek, CDL’s Group Chief Executive Officer, CDL
