CDL Wins the Most Number of Awards at 6th Asia Sustainability Reporting Awards
- Accolades highlight CDL’s longstanding commitment to Environmental, Social and Governance (ESG) disclosure and communication, as well as its alignment with leading reporting standards and frameworks
City Developments Limited (CDL) won four golds and one silver at the 6th Asia Sustainability Reporting Awards (ASRA), the most prestigious international awards for corporate reporting, for its Integrated Sustainability Report (ISR) 2020. The company bagged the most number of awards this year, clinching gold for Asia’s Best Integrated Report, Asia’s Best Integrated Report (Design), Asia’s Best Carbon Disclosure and Asia’s Best Materiality Reporting, and silver for Asia’s Best Environmental Reporting at the virtual awards ceremony held on 19 May 2021.
As the first Singapore company to publish a sustainability report based on the Global Reporting Initiative (GRI) in 2008, CDL’s robust sustainability reporting has evolved over the years into a unique model, harmonising various international reporting frameworks and standards. These include the GRI Standards as its core since 2008; International Integrated Reporting Council’s (IIRC) Integrated Reporting Framework since 2015; SDG Reporting since 2016; Task Force on Climate-related Financial Disclosures (TCFD) framework since 2017 and Sustainability Accounting Standards Board (SASB) since 2020. The company’s ISR has progressed from focusing on operational ESG performance to a strategic ESG communication channel.
Ms Esther An, CDL Chief Sustainability Officer, said, “Sustainability reporting plays a critical role in meeting the more stringent expectations of investors, financiers and stakeholders on how ESG can create value for business. CDL takes pride in having published 14 sustainability reports since 2008, as part of our longstanding commitment towards sustainability best practices and robust ESG disclosure. We are honoured to be recognised by ASRA once again this year for our dedication and efforts in reporting ESG performance in a strategic, integrated and forward-looking manner.”
Mr Rajesh Chhabara, Managing Director of CSRWorks International and Founder of ASRA, said, “CDL’s report shows exceptional leadership in transparent reporting of its sustainability performance and reflects its readiness for a resilient future. It sets a new benchmark befitting the track record of a sustainability pioneer, serving as an example of stellar ESG reporting.”
An independent panel of judges reviewed 494 entries received from 17 countries across 19 award categories. After the preliminary evaluations, 102 companies from 14 countries made it to the finals. Intensely contested finals produced 39 winners grabbing 57 gold, silver and bronze medals and a Report of the Year award.
The live virtual awards ceremony was attended by over 250 senior business leaders and sustainability practitioners from 20 countries. Attendees also included dignitaries from the academia, embassies, trade associations and advocacy organisations. The ceremony began with an opening address by Guest of Honour Ms Kara Owen, the British High Commissioner to Singapore, and featured a string of rapid-fire sessions with ASRA judges.
ASRA follows a rigorous multi-tier evaluation process. An independent judging panel determines finalists and winners. Evaluation involves three rounds of assessment to select the very best in each award category. In addition to assessing the quality of reports, companies’ reputations among their stakeholders were considered as part of the judging process.
CDL’s ISR 2020 was also cited in CFA Institute’s 2022 Curriculum Release as a prime example of a well-crafted sustainability report, emphasising that the report better prepares the company’s business for the potential financial impacts of climate change risks. CFA Institute mentioned how CDL aligns its ESG efforts in compliance with the recommendations of the TCFD and the Intergovernmental Panel on Climate Change (IPCC).
Hermes Creative Awards: Platinum Win for Outstanding Creative Work
In addition, CDL’s ISR 2021 recently secured a Platinum win at the international Hermes Creative Awards 2021. Based in the US as one of the oldest and largest creative competitions in the world, the award recognises creative professionals involved in the concept, writing, and design of traditional and emerging media, including creative publications that bring ideas to life. Over 6,500 entries from throughout the US, Canada, and other countries were submitted for this year’s competition.
For more information on ASRA, please visit: http://www.csrworks.com/asra
CDL’s integrated sustainability reports can be found at www.digital.metafusion.com.sg/websites/2023/cdl
Follow CDL Sustainability on social media:
Instagram: @CDL_sustainability/ instagram.com/cdl_sustainability/
Facebook: @CDLsustainability / facebook.com/CDLsustainability/
Issued by City Developments Limited (Co. Regn. No. 196300316Z)
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Follow CDL on social media:
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