Property groups can champion sustainability, but may do little to build an inclusive society 

FOCUSING on sustainability issues is nothing new for property groups such as City Developments Limited (CDL). CDL is the first and only Singapore company to be included in the Global 100 Most Sustainable Corporations index in the world for 13 consecutive years.

CDL ranked fifth on the 2022 Global 100 index by Corporate Knights, having jumped from 40th position in 2021, and kept its position as the world’s most sustainable real estate management and development company. Peer CapitaLand Investment (CLI) also made the 2022 Global 100 index, marking the 10th time that it has been included on the index.

Investors as well as the general public will likely be happy that property groups focus on environmental, social and governance (ESG) issues.