Case study: How CDL strives to operate with honesty, integrity and accountability
As an international real estate operating company with a truly global presence, and as one of Singapore’s largest companies by market capitalization, conducting its business with integrity, honesty and accountability, according to the highest ethical standards and in compliance with all applicable laws and regulations, is a top priority for City Developments Limited (CDL).
Abstract
As one of Singapore’s largest commercial landlords, with a geographically diversified portfolio that includes hotels, shopping malls, residences, serviced apartments, offices, integrated developments – more than 18 million square feet of floor area globally –, City Developments Limited (CDL) strives to ensure that it operates ethically and responsibly, adopting a zero tolerance approach to bribery and corruption. In order to operate with honesty, integrity and accountability CDL took action to:
• implement a Code of Business Conduct and Ethics
• apply an Anti-Corruption, Fraud and Competition Policy and Guidelines
• implement a Whistle-Blowing Policy
• apply a Personal Data Policy
Using the GRI Standards in order to maintain and increase the value of your company
With each publication in this series the FBRH team will highlight one key impact identified by a company reporting in accordance with the GRI Standards and show how it has taken a structured, systematic approach to improving performance. With such positive action companies build trust, by dealing responsibly and conscientiously with their impact on the environment and on their stakeholders (e.g. clients, suppliers, shareholders, local communities, NGOs or local government). Stakeholders that can hold it back or stop it from reaching its objectives
By building trust your company creates loyalty and long-term commitment to its services and brands
New foreword by the Editor:
Why the GRI Sustainability Reporting Standards are not a box ticking exercise and how 80% of the world's 250 largest companies are using the GRI Standards to gain competitive advantage
