KepLand, StarHub, CDL, CapitaLand win kudos for sustainability policies (Amended)

Singapore

FOUR Singapore companies continue to feature among the top 100 most sustainable corporations in the world.

Keppel Land, StarHub, City Developments (CDL) and CapitaLand made it again to the Global 100 Most Sustainable Corporations list announced at the World Economic Forum in Davos, Switzerland, on Thursday.

The list is recognised as the top standard in corporate sustainability.

Keppel Land raced up the rankings, moving from 17th position last year to fourth. It retained its position as the highest ranked in Asia and in real estate worldwide in sustainability.

Said Keppel Land chief executive Ang Wee Gee: "In doing well, we can also be doing good. This recognition spurs us on in our pursuit of excellence and to push ahead in our sustainability journey."

StarHub improved its ranking from 29th to 24th position, while CDL, which is included for the sixth consecutive year, moved up from 39th spot to 34th this year.

StarHub's CEO Tan Tong Hai said the firm has always been "committed to conducting business in a sustainable manner, guided by a basic sense of doing what is right for the community and the environment".

Similarly, CDL's chief sustainabilty officer Esther An said: "We believe that sustainability is imperative to our long-term viability and have built our business around its principles. This has enabled us to pursue new areas of growth and create enduring value."

CapitaLand fell 26 places to 84th spot. The firm was also among the top five real estate companies recognised by sustainability investment specialist RobecoSAM in its sustainability yearbook published earlier this week.

Launched in 2005, the selection for Global 100 Most Sustainable Corporations starts with over 4,600 listed companies with a market capitalisation of more than US$2 billion. They are screened for their sustainability disclosure practices, financial health, product category and financial sanctions.

Those shortlisted are then assessed on 12 key quantitative indicators, including the amount of revenue generated for each unit of energy consumed and the ratio of CEO pay to average worker pay.

The list is compiled by Corporate Knights, a Canadian media and investment research company.

An earlier version of this article incorrectly stated that CapitaLand was in the 86th position. It is in the 84th position.