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CDL Is Asia’s Top Singapore Company and Property Developer For Third Time

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For the third consecutive year, City Developments Limited (CDL) has been awarded, in the Channel NewsAsia Sustainability Ranking, as the Top Property Developer in Asia and Top Singapore Corporation.

It has climbed to the second spot in the list of top 100 most sustainable companies in Asia , up from the sixth in 2015 . Besides being the only Singapore company and property developer in the top 20 list for 2016, CDL is also the only Singapore company to have made it to the top 10 list for three consecutive years since the Ranking’s inception in 2014. The se results were announced at the CSR Asia Summit held in Hong Kong today.

The Ranking identifies leading companies in sustainability across 11 territories in Asia , namely, China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea,
Taiwan, and Thailand. Companies are ranked based on a broad range of environmental, social and governance (ESG) indicators and methodology developed by Sustainalytics, a leading
provider of ESG and corporate governance ratings and research.

Besides identifying the top 100 companies in the region with the highest sustainability performance, the Ranking highlights the overall top 20 companies and the top three businesses
per country. It provides investors and consumers insights into corporate sustainability practices, and enables companies to benchmark their sustainability performance against other regional businesses.

Mr Grant Kelley , CDL Chief Executive Officer said,

Sustainability is fast becoming mainstream in today’s global business environment.

“CDL has always been a firm proponent of integrating sustainability into our corporate vision and business strategy. This has created long – term value not only for CDL, but also our investors, customers, the broader community and the environment. CDL will continue to push forward with sustainable innovations and practices across our operations and supply chain. With the rise of green consumerism and global expansion of Socially Responsible Investment Funds, we believe our sustainability commitment will enable us to tap more growth opportunities ahead.”

For more than two decades , CDL has spearheaded numerous groundbreaking innovations in green properties, including the first CarbonNeutral ® development in Asia Pacific and Singapore, 11 Tampines Concourse; Singapore’s first Eco – mall, City Square Mal l ; and Tree House condominium, which achieved a Guinness World Record for the largest vertical garden.

As shared in its 2016 Integrated Sustainability Report titled ‘Integrating our Strengths, Creating Future Value’, CDL has also introduced robust targets for reduction in energy and water use
intensity 1 of 22% by 2020 and 25% by 2030, across its core business, from baseline year 2007, and 35% sustainable building materials 2 usage with effect from 2016 . These new targets are in addition to CDL’s carbon emissions intensity 3 reduction targets set in 2011 – 22% by 2020 and 25% by 2030, from baseline year 2007.

In 2016, CDL further took the lead as one of the first Singapore companies to align its material issues to the United Nations (UN) Sustainable Development Goals (SDGs) launched in September 2015. The SDGs are expected to form a global standard that will inform future policy decisions and legislation by governments. Businesses that support the SDGs are thus more likely to be aligned with emerging policy priorities, potentially enhancing their licence to operate. CDL identified nine SDGs (refer to Annex) that are relevant to the company, based on its potential impact on and contributions to the goals.

Globally, CDL continues to be recognised for its sustainability efforts. It is ranked Top Real Estate Company and 10th in the prestigious Global 100 Most Sustainable Corporations in the World 2016, and is the only Singapore company that has been listed in the Global 100 for seven consecutive years. CDL also remains the first Singapore company to be listed on three of the world’s leading sustainability benchmarks – FTSE4Good Index Series (since 2002), Global 100 Most Sustainable Corporations (since 2010) and Dow Jones Sustainability Ind ices (since 2011).

Economy

A Good Look At How Homes Will Become More Energy Efficient Soon

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Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.

There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.

1. The Rise Of Smart Windows

When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.

If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.

2. A Better Way To Cool Roofs

If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.

Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.

3. Low-E Windows Taking Over

It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.

They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.

4. Magnets Will Cool Fridges

Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.

The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.

5. Improving Our Current LEDs

Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.

That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.

Maybe Homes Will Look Different Too

Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.

ShutterStock – Stock photo ID: 613912244

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Economy

IEMA Urge Government’s Industrial Strategy Skills Overhaul To Adopt A “Long View Approach”

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IEMA, in response to the launch of the Government’s Industrial Strategy Green Paper, have welcomed the focus on technical skills and education to boost “competence and capability” of tomorrow’s workforce.

Policy experts at the world’s leading professional association of Environment and Sustainability professionals has today welcomed Prime Minister Teresa May’s confirmation that an overhaul of technical education and skills will form a central part of the Plan for Britain – but warns the strategy must be one for the long term.

Martin Baxter, Chief Policy Advisor at IEMA said this morning that the approach and predicted investment in building a stronger technical skills portfolio to boost the UK’s productivity and economic resilience is positive, and presents an opportunity to drive the UK’s skills profile and commitment to sustainability outside of the EU.

Commenting on the launch of the Government’s Industrial Strategy Green Paper, Baxter said today:

“Government must use the Industrial Strategy as an opportunity to accelerate the UK’s transition to a low-carbon, resource efficient economy – one that is flexible and agile and which gives a progressive outlook for the UK’s future outside the EU.

We welcome the focus on skills and education, as it is vital that tomorrow’s workforce has the competence and capability to innovate and compete globally in high-value manufacturing and leading technology.

There is a real opportunity with the Industrial Strategy, and forthcoming 25 year Environment Plan and Carbon Emissions Reduction Plan, to set long-term economic and environmental outcomes which set the conditions to unlock investment, enhance natural capital and provide employment and export opportunities for UK business.

We will ensure that the Environment and Sustainability profession makes a positive contribution in responding to the Green Paper.”

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