City Developments has been awarded the inaugural 2021 Terra Carta Seal, a recognition to global companies that are driving innovation and demonstrating commitment and efforts towards creating genuinely sustainable markets.

Awarded by the Prince of Wales, via his Sustainable Markets Initiative, the Seal is given to 45 companies around the world and CDL is the only Singapore company in the list, and adding to the long list of accolades this local developer has won in sustainability.

See: Fourth CDL director, Jenny Lim, quits board

According to CDL, the awarded companies are recognised for having “a leadership position within their industry”, along with a “credible transition roadmaps” drawn up using scientific metrics for achieving net zero by 2050 or earlier.

“In the global race to zero, the private built sector plays a key role in contributing towards a sustainable future and advancing change,” says CDL’s group CEO Sherman Kwek.

“Through bold ambition, sustainable investments and innovation, businesses have the power to create long-term value for the environment and their stakeholders across the value chain,” he adds.

Kwek says that CDL is deeply honoured to receive the Terra Carta Seal from HRH The Prince of Wales. 

“We share the same commitment to connect People and the Planet through recognising and promoting the intrinsic value of Nature. 

“In this decade of urgent action, we will continue to push forward with our ESG integration efforts to enhance the value and resilience of our business,” says Kwek.

“The Terra Carta Seal recognises those organisations which have made a serious commitment to a future that is much more sustainable, and puts Nature, People and the Planet at the heart of the economy,” says the Prince of Wales in the press release. 

“We all need to make changes if we are to preserve the planet for our children and grandchildren and these businesses have pledged to make it easier for us all to do so,” he adds.

Photo: CDL's South Beach development, which incorporates many sustainability features and design / Samuel Isaac Chua of The Edge Singapore