City Developments Limited
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City Developments Limited (CDL) is a leading real estate company based in Singapore that operates in the Multi Asset Class Own & Develop sector. Established in 1963, the company has a diversified portfolio of properties that includes residential, commercial, hospitality, and integrated developments. CDL is committed to sustainable development and has been at the forefront of decarbonisation efforts in the real estate industry. The company has implemented various initiatives to reduce its carbon footprint and promote renewable energy.
CDL's commitment to decarbonisation is reflected in its sustainability strategy, which focuses on four key areas: green buildings, resource efficiency, stakeholder engagement, and community investment. The company has set ambitious targets to reduce its carbon emissions and has been recognized for its efforts by various sustainability indices and awards. CDL is also a signatory of the United Nations Global Compact and has committed to align its operations with the Sustainable Development Goals (SDGs).
One of CDL's key initiatives to reduce its carbon footprint is the implementation of corporate energy management systems. The company has invested in advanced metering infrastructure and building automation systems to monitor and manage its energy consumption. CDL has also implemented energy-saving measures such as LED lighting, motion sensors, and efficient HVAC systems in its properties. These measures have resulted in significant energy savings and reduced carbon emissions.
CDL has also embraced renewable energy and has implemented various initiatives to promote its adoption. The company has installed solar panels on the rooftops of its properties, which generate clean energy and reduce its reliance on grid electricity. CDL has also invested in wind and hydro power projects in Singapore and overseas. In addition, the company has signed corporate power purchase agreements (PPAs) with renewable energy providers to procure green energy for its operations. These PPAs have enabled CDL to reduce its carbon emissions and support the growth of renewable energy.
CDL has also been actively involved in promoting renewable energy adoption in the wider community. The company has partnered with various stakeholders to promote the use of solar energy in Singapore. CDL has installed solar panels on the rooftops of public housing blocks and schools, which generate clean energy for the community. The company has also launched a solar leasing program, which enables homeowners and businesses to install solar panels on their rooftops without incurring upfront costs.
CDL's commitment to decarbonisation and renewable energy has been recognized by various sustainability indices and awards. The company has been included in the Dow Jones Sustainability Indices (DJSI) for 12 consecutive years and has been ranked among the top 10% of global real estate companies in the Global Real Estate Sustainability Benchmark (GRESB). CDL has also been recognized by the Carbon Disclosure Project (CDP) for its leadership in climate change disclosure and has received various sustainability awards from organizations such as the Singapore Green Building Council and the Building and Construction Authority.
In conclusion, CDL is a leading real estate company based in Singapore that operates in the Multi Asset Class Own & Develop sector. The company is committed to sustainable development and has been at the forefront of decarbonisation efforts in the real estate industry. CDL has implemented various initiatives to reduce its carbon footprint and promote renewable energy, including corporate energy management systems, solar and wind power projects, and corporate PPAs. The company has also been actively involved in promoting renewable energy adoption in the wider community. CDL's commitment to sustainability has been recognized by various sustainability indices and awards, and the company continues to lead the way in sustainable development in the real estate industry.