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Keppel Land, StarHub, CDL and CapitaLand stay among world's most sustainable firms (Amended)
FOUR Singapore companies have continued to feature among the 100 most sustainable corporations of the world.
Keppel Land, StarHub, City Developments (CDL) and CapitaLand are on 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 this year, making it Asia's most sustainable firm and the top-ranked real estate company globally.
StarHub improved its ranking from 29th to 24th position, while CDL, which has stayed on the list for six consecutive years, moved up from 39th position to 34th position.
CapitaLand, however, fell 26 spots to 84th.
Started in 2005, the selection for Global 100 Most Sustainable Corporations begins with over 4,600 listed companies with a market capitalisation of more than US$2 billion. These firms are screened for their sustainability disclosure practices, financial health, product category and financial sanctions.
The firms that pass through these criteria are then assessed on 12 key quantitative indicators, including the amount of revenue they generate for each unit of energy consumed and the ratio of the CEO-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.