SUSTAINABILITY GOVERNANCE

CDL has established the longest history amongst Singapore companies to have a dedicated Sustainability department. The Chief Sustainability Officer (CSO) reports directly to the Board Sustainability Committee (BSC), which comprises three independent directors and CDL’s Executive Director and Group CEO. The BSC has direct advisory supervision on CDL’s sustainability strategy, workplans and performance targets, and typically meets biannually to review CDL’s sustainability plans in addition to receiving quarterly reports from the management.

The BSC’s key role include assisting the Board in the review of CDL’s sustainability issues and approach to sustainability reporting, reviewing CDL’s ESG framework, key ESG targets and performance, and reputation as a global corporate citizen. Sustainability knowledge-building amongst directors and senior management of CDL Group and our parent company, Hong Leong Group, are reinforced through an annual sustainability forum, where external experts share best practices.

The CSO chairs the Sustainability Committee, which comprises members across all departments and operational units in CDL. Heads of Departments (HODs) and their line managers are held accountable for their ESG performances, which are linked to their remuneration and appraisal.

Sustainability Governance Structure

Board Sustainability Committee (BSC)

  • Sherman Kwek

    Chairperson, BSC
    Group Chief Executive Officer and Executive Director

    Appointed as an Executive Director of CDL on 15 May 2019, Mr Kwek has been the Group Chief Executive Officer since 1 January 2018 and concurrently holds the position of Executive Chairman of CDL China Limited. As at 4 January 2021, Mr Kwek has been appointed as Chairman of the Board Sustainability Committee.

    Mr Kwek has been a Council Member of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) since 2013. He was appointed by the SCCCI as the Chairman of the Youth Business Affairs Committee, which is tasked with promoting the Chinese entrepreneurial spirit, managing succession planning and nurturing future business leaders. Mr Kwek is also a member of the Council for Board Diversity (formerly known as the Diversity Action Committee initiated by the Singapore Exchange Limited) which advocates greater gender diversity on the boards of listed companies. In April 2019, he was appointed as a board member of the Building and Construction Authority (BCA), a statutory board that plays a key role in shaping the built environment in Singapore.

    He graduated from Boston University with a Bachelor of Science in Business Administration, majoring in Finance and Marketing with a minor in Psychology.


  • Philip Yeo Liat Kok

    Non-Executive and Independent Director

    Appointed as a Director of CDL on 11 May 2009, Mr Yeo was last re-elected as a Director on 26 April 2019. He is also the Chairman of the Nominating Committee, and a member of the Remuneration Committee and Board of Sustainability Committee of CDL.

    Mr Yeo is Chairman of Economic Development Innovations Singapore Pte Ltd (EDIS) which provides strategic advice and undertakes the development and management of integrated industrial and urban areas with an emphasis on job creation and industrial cluster development.

    Mr Yeo is an independent Director of Baiterek National Managing Holding and Kerry Logistics Network Limited and the Chairman of Accuron Technologies Limited, Hexagon Development Advisors Pte. Ltd. and MTIC Holdings Pte. Ltd.

    Mr Yeo holds a Bachelor of Applied Science (Industrial Engineering), an honorary Doctorate in Engineering from the University of Toronto, Canada, an honorary Doctorate in Medicine from the Karolinska Institutet, Sweden, a Master of Science (Systems Engineering) from the University of Singapore, a Master of Business Administration from Harvard University, USA, a Doctor of Science from Imperial College, London, an honorary Doctor of Letters from National University of Singapore and an honorary Doctor of Law from Monash University of Australia. He also received the Order of the Rising Sun, Gold and Silver Star from the Government of Japan (2007) and the Distinguished Service (Star) award from the Singapore Labour Movement, National Trade Union Congress (2008).


  • Tan Poay Seng

    Non-Executive and Independent Director

    Appointed as a Director of CDL on 2 February 2012, Mr Tan was last re-elected as a Director on 26 April 2019. He also sits on the Board of Sustainability Committee of CDL.

    Mr Tan is the Managing Director of Magni-Tech Industries Berhad, an investment holding company listed on the Main Market of Bursa Securities Malaysia Berhad, and Coronation Springs (M) Sdn. Bhd., a niche property development company. He has been named as one of the best CEOs of companies listed in nine sectors on Bursa Malaysia in 2016.

    Mr Tan holds a diploma in Hotel Management, Switzerland and has more than 20 years of experience in various business sectors which include manufacturing, housing development, marketing, retailing and healthcare services.


  • Daniel Marie Ghislain Desbaillets

    Non-Executive and Independent Director

    Appointed as a Director of CDL on 4 January 2021, Mr Desbaillets has an extensive portfolio in the hospitality industry with 42 years of experience. Mr Desbaillets also sits on the Board of Sustainability Committee of CDL.

    Prior to the privatisation of Millennium and Copthorne Hotels Limited (M&C), Mr Desbaillets was the appointed to the M&C board in 2016 as an Independent Non-Executive Director and had served in the Audit & Risk, Remuneration and Risk Committees.

    In 2010, he was the Independent Non-Executive Director of M&C REIT Management Limited, the manager for CDL Hospitality Real Estate Investment Trust (“H-REIT”) and also of M&C Business Trust Management Limited, the trustee-manager for CDL Hospitality Business Trust (“HBT”) and had served in the Nominating and Remuneration Committees. Both H-REIT and HBT are comprised as a stapled group in CDL Hospitality Trusts, which is listed on the Singapore Exchange Securities Trading Limited.