CDL was ranked in four categories under Developed Markets – namely second in Singapore for ‘Asia’s Best ESG/SRI Metrics’, third in Singapore for ‘Asia’s Most Honoured Company’, ‘Asia’s Best Chief Financial Officer (CFO)’ for Ms Yiong Yim Ming, CDL Group CFO, and ‘Asia’s Best IR Companies’.
The ‘Asia’s Best ESG/SRI Metrics’ award is a nod to CDL’s efforts in strategic integration of sustainability into its business and operations for over 20 years. With a key priority to deliver lasting value to stakeholders, CDL focuses sustainability efforts around ESG issues by aligning business perspectives with best practices and that of stakeholders’. Recently, CDL accelerated its climate change strategy by being the first real estate company in Singapore to have carbon reduction targets validated by Science Based Targets Initiative (SBTi).
Recognised as ‘Asia’s Best CFO’, Ms Yiong was appointed CDL’s CFO in April 2016 and re-designated to Group CFO on 1 February 2018. An executive of the Company since 2007, she has extensive knowledge on CDL Group’s financial and operation matters, both domestically and overseas, covering the Group’s operations in property development, investment properties and hotels.
The ‘Asia’s Best IR Companies’ ranking recognises CDL’s dedicated IR function ― established since 2016 and focussed on building investor confidence through timely, accurate information disclosure and regular communication with the investment community. Supported by CDL’s core leadership team, the IR team engages regularly with investors through IR events apart from Annual General Meetings and results briefings.
The eighth run of this annual ranking continues to recognise the top Asia-based companies across 18 industries. In 2018, a record total of 3,538 buy-side individuals and 982 sell-side analysts participated in the 2018 All-Asia Executive Team Honoured Companies survey, with buy-side respondents representing US$1.6 trillion in Asian equities, excluding Japan. Countries in the Developed Markets (small and mid-cap) rankings include: Australia/New Zealand, China, Hong Kong, India, Singapore, South Korea and Taiwan.
The 2,368 companies nominated across 18 sectors this year were rated on ten core areas, including:
- Senior executives are accessible;
- IR team is well informed and empowered to speak authoritatively on the company’s behalf;
- Timely and appropriate level of financial disclosure;
- Responds quickly and thoroughly to requests;
- Most constructive conference calls;
- High quality of meetings through road shows/reversed road shows/conferences;
- High quality of corporate documents and investor kit materials;
- Commitment to corporate governance;
- Delivers insight and useful reports on ESG/SRI metrics;
- Website quality.
The integrity of the Institutional Investor editorial and research-supported rankings and awards have earned the highest regard in the financial services industry and continues to set standards by which excellence is measured.