Property groups keen to champion going green, but building social inclusiveness? Maybe not

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Leslie Yee

Published Mon, Jun 5, 2023 · 02:30 PM

Using biophilic design can help enhance human well-being via contact with nature, as well as promote biodiversity in urban areas, thereby helping to improve air quality, protect natural ecosystems, and stabilise temperatures. PHOTO: BT FILE

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WITH many investors considering environmental, social and governance (ESG) factors in their investment decisions, listed groups here are doing more on the ESG front.

Property group City Developments Limited (CDL) kept its position as the world’s most sustainable real estate management and development company and was ranked 28th on the 2023 Global 100 Most Sustainable Corporations in the world, according to international media and investment research firm Corporate Knights. However, CDL recently lost its spot in the Dow Jones Sustainability World Index – breaking an 11-year streak.

The stakes can be high for groups to score well in leading global sustainability indices. Companies with strong ESG performance – validated through ratings and indices – can gain better access to growing pools of ESG investment funds and sustainable finance.

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ESG Singapore property Property developers City Developments Ltd (CDL)The Level Ground sustainability

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