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Hotels: CDL’s inconvenient sustainability challenge

Chief sustainability officer Esther An confronts CDL’s exclusion from the Dow Jones Sustainability World Index

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Wong Pei Ting

Wong Pei Ting

Published Mon, Apr 17, 2023 · 05:50 AM
    • CDL’s borrowing is not affected by the company's exclusion from the Dow Jones Sustainability World Index, its chief sustainability officer Esther An (above) says.
    • CDL’s borrowing is not affected by the company's exclusion from the Dow Jones Sustainability World Index, its chief sustainability officer Esther An (above) says. PHOTO: YEN MENG JIIN, BT

    CITY Developments’ (CDL) hospitality arm has been boosting the company’s topline growth, but the business is weighing on its sustainability credentials.

    The company’s chief sustainability officer Esther An said the pandemic made it hard to green the nearly 140 hotels under the London-based Millennium & Copthorne Hotels (M&C), even as a number of the latter’s peers have used the time to improve their sustainability performance.

    But An is committed to getting M&C’s six Singapore-based hotels to be certified as sustainable accommodation under the Global Sustainable Tourism Council (GSTC) by 2025.

    ToplineESGGreen goalsCity Developments Ltd (CDL)

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