Changing The Climate Future - City Developments Limited
CHANGING THEC L I M A T ECHANGING THEF U T U R EINTEGRATEDSUSTAINABILITYREPORT 2020
CONTENTS01INTRODUCTION ANDL E A D E R S H I P S T A T E M E N T S01020304062019 Sustainability HighlightsAbout CDLSustainability Accolades and AwardsExecutive Chairman StatementGroup CEO and Executive Director Statement11INTEGRATED STRATEGYF O R V A L U E C R E A T I O N12131516262829CDL’s Value Creation ModelOn Track to Achieving Future Value2030 Goals and Annual TargetsStrong Leadership Commitment to SustainabilityStrategic Management of Material ESG IssuesAlignment with the Recommendations of TCFDEngaging the Value Chain to EmbraceSDGs, TCFD, IIRC, and SASBBest Practices and ESG Commitments31BUILDING SUSTAINABLEC I T I E S A N D C O M M U N I T I E S3334383939414143Driving Innovation to Deliver Quality ExcellenceInvesting in R&D and Technologies forLow-carbon and Climate-resilient BuildingsDriving Innovation - Enterprise Innovation CommitteeDelivering Leading Quality Buildings and HighSafety StandardsPutting People in the Heart of What We BuildSocial Inclusion through Universal DesignAchieving High Customer SatisfactionSingapore Sustainability Academy45REDUCINGE N V I R O N M E N T A L I M P A C T4749505357606263Climate and Carbon Management StrategyClimate Change Scenario PlanningCarbon Emissions Reduction PerformanceEnergy Reduction and Management StrategyWater Conservation and Management StrategyWaste Reduction and Management StrategyManaging Impact on the Environmentand the CommunitiesResponsible Supply Chain and Sourcing Strategy66SHAPING A FAIR, SAFE ANDI N C L U S I V E W O R K P L A C E6868697075Corporate GovernanceBusiness Ethics and ComplianceCorporate Policies and GuidelinesDedication to Occupational Health,Safety and Well-BeingHuman Capital and Development83CREATING SHARED ECONOMICA N D S O C I A L V A L U E858686868891939396101102105115124Market Review and PerformanceSustainable FinanceCommunity InvestmentsTwo Decades of Active Employee VolunteerismKey 3P and Community Initiatives in 2019Trade and Industry AssociationsANNEXESReport Period and ScopeKey Performance SummaryBreakdown of Environmental Performance in 2019ISO 14064 Reasonable Assurance StatementIndependent Limited Assurance StatementGRI Content IndexSASB Reference TableREPORT PERIOD AND SCOPEThis is CDL’s 13th Sustainability Report. It contains information for the financial year 1 January to 31 December 2019, unlessotherwise stated. This report is aligned with relevant global disclosure frameworks and benchmarks including CDP, DJSI,FTSE4Good, Global 100, GRESB, GRI, IIRC, MSCI, SASB, TCFD, and SDGs. It is to be read in conjunction with the Annual Report2019 and other sustainability related disclosures on our website. Full details of our report period and scope can be found here.
GLOSSARYOF sIntegratedStrategyfor ValueCreationBuildingSustainableCities andCommunitiesReducingEnvironmentalImpactShaping aFair, Safeand InclusiveWorkplaceCreatingSharedEconomicand SocialValueAnnexes Assurance Statements GRI Content Index Glossary3P – People, Public and PrivateHPB – Health Promotion BoardSGBC – Singapore Green Building CouncilAFR – Accident Frequency RateIIRC – International Integrated Reporting CouncilSGX – Singapore ExchangeARC – Audit and Risk CommitteeIPCC – United Nations Intergovernmental Panel onClimate ChangeSLE – Super Low EnergyBCA – Building and Construction AuthorityraiSE – Singapore Centre for Social EnterpriseMEWR – Ministry of the Environment and Water ResourcesBIPV – Building Integrated PhotovoltaicsSSA – Singapore Sustainability AcademyMOM – Ministry of ManpowerBSC – Board Sustainability CommitteeNLB – National Library BoardTAFEP – Tripartite Alliance for Fair and ProgressiveEmployment PracticesNEA – National Environment AgencyTCFD - Task Force on Climate-related Financial DisclosuresNGO – Non-Governmental OrganisationTOP – Temporary Occupation PermitPPVC – Prefabricated Prefinished Volumetric ConstructionUNDP – United Nations Development ProgrammePV – PhotovoltaicsUNEP – United Nations Environment ProgrammePUB – PUB, Singapore’s National Water AgencyUNGC – United Nations Global CompactREC – Renewable energy certificateURA – Urban Redevelopment AuthoritySASB – Sustainability Accounting Standards BoardWBCSD – World Building Council for SustainableDevelopmentCONQUAS – Construction Quality Assessment SystemCSO – Chief Sustainability OfficerEC – Executive condominiumEHS – Environment, health and safetyEIC – Enterprise Innovation CommitteeERM – Enterprise Risk ManagementESG – Environmental, Social, GovernanceEV - Electric vehicleSBTi – Science Based Targets initiativeGHG – Greenhouse gasWorldGBC – World Green Building CouncilSEC – Singapore Environment CouncilGRI – Global Reporting InitiativeWSH – Workplace Safety and HealthSDGs – United Nations Sustainable Development GoalsCDL INTEGRATED SUSTAINABILITY REPORT 2020C
2019SUSTAINABILITYHIGHLIGHTS 3.4bnGroup revenue in trategyfor ValueCreationTop-ranked real estatecompany in the worldon 2020 Global 100 Most SustainableCorporations in the World 250mSDG Innovation Loan and 500m Green LoansSecuredfor new developments 28mMore thanin savingsfrom energy-efficient retrofitting andinitiatives implemented for eightcommercial buildings from 2012 to 2019Maintained favourable ratings on12 prominent internationalsustainability rankingsand indexes2nd Climate ChangeScenario Planning based onTCFD recommendations –Raised the bar to 1.5 C and 2 C warmerscenarios with expanded scopeBuildingSustainableCities andCommunitiesReducingEnvironmentalImpactShaping aFair, Safeand InclusiveWorkplaceCreatingSharedEconomicand SocialValueAnnexes Assurance Statements GRI Content Index GlossaryOnly Company in SoutheastAsia and Hong Kong to scoredouble “A”s by CDP for110 Green Markdevelopments andoffice interiors* –both climate change and water securityHighest amongst local developers*Includes subsidiaries and associated companiesSector Leader for Office, Asiafor 3rd consecutive year100%tenant participationin the Global Real EstateSustainability Benchmark (GRESB)in CDL Green LeasePartnership ProgrammeAmongst pioneer batch of87 global companies pledged38% reductionto support UNGC’sBusiness Ambition for 1.5 Cin carbon emissions intensityfrom 2007 levelsCDL INTEGRATED SUSTAINABILITY REPORT 202001
102-45ABOUT CDLCity Developments Limited (CDL) is a leading global real estateoperating company with a network spanning 106 locations in29 countries and regions. Listed on the Singapore Exchange, theGroup is one of the largest companies by market capitalisation.Our income-stable and geographically-diverse portfoliocomprises residences, offices, hotels, serviced apartments,shopping malls and integrated developments.With a proven track record of over 55 years in real estatedevelopment, investment and management, CDL hasdeveloped over 46,000 homes and owns over 24 millionsquare feet of gross floor area in residential, commercial andhospitality assets globally. CDL’s diversified global land bankoffers over 3.4 million square feet of land area.Along with its London-based hotel arm, Millennium &Copthorne Hotels Limited (M&C), the Group has 156 hotelsand 45,000 rooms worldwide, many in key gateway cities.Leveraging our deep expertise in developing and managinga diversified asset base, the Group is focused on enhancingthe performance of our portfolio and strengthening ourrecurring income streams to deliver long-term sustainablevalue to shareholders. The Group is also developing a fundmanagement business and targets to achieve US 5 billionin Assets Under Management (AUM) by Strategyfor ValueCreationBuildingSustainableCities andCommunitiesReducingEnvironmentalImpactVISION, MISSION AND VALUESSince the 1990s, sustainability has been integrated into CDL’scorporate vision and mission to create enhanced value for ourbusiness and stakeholders. Our sustainability vision and missionsupport CDL’s business objectives and growth strategy as weevolve into the global real estate conglomerate of today.Corporate EthosConserving as We ConstructSustainability VisionChanging the Climate, Creating Sustained ValueSustainability MissionHarnessing our capitals with strong ESG performanceto create long-term value for our business,stakeholders and the environment.Shaping aFair, Safeand InclusiveWorkplaceCreatingSharedEconomicand SocialValueAnnexes Assurance Statements GRI Content Index GlossaryCorporate Vision and MissionWe aim to be recognised by customers, employeesand peers as an innovative creator of quality andsustainable spaces.We will:Conceptualise spaces and solutionsRespect planet EarthEncourage diversity of people and ideasAdvance the communities we operate inTake prudent risk for sustainable returnsEmbrace a forward-looking mindsetCorporate ValuesWe must embody:Because this is crucial to our successInnovationCollaboration Because this is the best way to achieveexponential resultsBecause this is at the core of everythingIntegritythat we doCDL INTEGRATED SUSTAINABILITY REPORT 202002
SUSTAINABILITYACCOLADESAND AWARDSOnly Company in Southeast Asiaand Hong Kong to Score Double“A”s for Climate Change andWater SecuritySince 2002IntroductionandLeadershipStatementsWorld’s Top Real Estate Company;Top Singapore Company and onlySingapore Company listed for 11consecutive years; Ranked 36th OverallOnly Singapore RealEstate Companysince 2018Regional SectorLeader since 2017OTHER AWARDS AND ACCOLADES:Asia Sustainability Reporting Awards 2018 Asia’s Best Carbon Disclosure – Winner Asia’s Best Online Sustainability Report – WinnerHR Asia Awards Singapore Best Companies to Work for in Asia 2019IR Magazine Awards – South East Asia 2019 Best ESG Materiality ReportingPatron of the Arts Award 2019IntegratedStrategyfor ValueCreationSince 2018BuildingSustainableCities ility Yearbook2020 Member; Dow JonesSustainability Indices (Worldand Asia Pacific) since 2011Since 2014Shaping aFair, Safeand InclusiveWorkplaceCreatingSharedEconomicand SocialValueAnnexes Assurance Statements GRI Content Index GlossaryMSCI ESG Leaders andESG Socially ResponsibleInvesting Indexes since 2009;‘AAA’ rating since 2010Industry Leader, Real Estate,2018; ESG Risk Rating:1st / 541 (Real Estate Group);3rd / 9,545 (Global Universe)Since 2013;Rated Prime, 2018Top 10 Constituent Companies- ESG Leaders Index- ESG Transparency IndexRoyal Society for the Prevention of Accidents (RoSPA)Awards 2019 President’s AwardSustainable Business Awards Singapore 2019 Overall Winner Best Energy ManagementSecurities Investors Association (Singapore) Investors’Choice Awards 2019 Most Transparent Company Award – Winner, RealEstate Category Sustainability Award – Winner, Big Cap Singapore Corporate Governance Award – Runner-up,Diversity Category Shareholder Communications Excellence Award –Runner-up, Big CapList is not exhaustive. For a full listing of CDL corporateand project awards, please refer to www.cdl.com.sg.For a full listing of CDL sustainability awards, please refer towww.cdlsustainability.com.CDL INTEGRATED SUSTAINABILITY REPORT 202003
pStatementsIntegratedStrategyfor ValueCreationBuildingSustainableCities andCommunitiesReducingEnvironmentalImpactShaping aFair, Safeand InclusiveWorkplaceCreatingSharedEconomicand SocialValueAnnexes Assurance Statements GRI Content Index GlossaryDear Stakeholders,“Our company has proven thatthe strategic integration ofESG presents a strong businesscase. It has established a uniquevalue proposition for CDL,strengthening our reputationand trust amongst stakeholdersand the community at large.”In 2019, we saw rising sea levels, blazing wildfires, intensestorms and rapid melting of glaciers threatening the longterm survival of people, property and nature. The yearalso concluded the hottest decade on record.¹ Despitecountries’ commitment to the Paris Agreement on climatechange, greenhouse gas concentrations in the atmospherereached a record high in 2019, locking in a warming trendfor generations to come. UN Secretary-General AntónioGuterres issued a dire warning about the global crisis,underlining that we are close to a “point of no return” onclimate change.²With the potential impact of global warmingbecoming almost too alarming to imagine, businessas usual is not an option. As illustrated by Singapore‘srecent announcement to halve the amount of emissionsproduced by its 2030 peak by 2050, and given therapid urbanisation of the global population, it has neverbeen more critical for the built industry to lead the wayon climate action. With the buildings and constructionsector accounting for some 40% of global energy-relatedcarbon emissions, the built environment has hugepotential for global carbon reduction.4Closer to home, Singapore Prime Minister Lee Hsien Loongcalled climate change “an existential threat” during the 2019National Day Rally, highlighting Singapore’s vulnerability torising sea levels. This was the first time that climate changewas addressed on a national platform. The MeteorologicalService Singapore warned that Singapore is heating up twiceas fast as other cities, and extreme heat combined with theisland’s high humidity could be life threatening.³Having integrated sustainability into our operations forover two decades, CDL remains steadfast in embracinginnovative strategies to mitigate the environmentalimpact of our operations and catalysing changewithin the larger ecosystem, through engaging ourstakeholders across the value chain to create greaterpositive impact. Expanding on last year’s theme“Changing The Climate: Towards Future Value 2030Goals”, this year’s Integrated Sustainability Report titled“Changing the Climate. Changing the Future.” aimsto inspire the larger ecosystem and our value chain toaccelerate climate action.1234Press release, World Meteorological Organisation, 3 December 2019.UN chief Guterres warns of ‘point of no return’, The Straits Times, 1 December 2019.Why Singapore is heating twice as fast as the rest of the world, CNA, 13 January 2019.2019 Global Status Report for Buildings and Construction, Global Alliance for Buildings and Construction, International Energy Agency and the UNEnvironment Programme, December 2019.CDL INTEGRATED SUSTAINABILITY REPORT 202004
pStatementsSustainability is integral to CDL’s business andoperations, as illustrated in and aligned with our ethosof “Conserving as We Construct” since 1995. As atestament to the management’s firm commitment togreen buildings, CDL has amassed a portfolio of 110Green Mark certified developments and office interiorsby the BCA, the highest amongst private real estatecompanies in Singapore. Last year, we were also theonly developer to clinch the BCA Quality ExcellenceAward – Quality Champion (Platinum) for sevenconsecutive years.“The progress we madeOur company has proven that the strategic integrationof ESG presents a strong business case. It hasestablished a unique value proposition for CDL,strengthening our reputation and trust amongststakeholders and the community at large. Our earlyadoption of green buildings and innovation has placedus in a strong position to address present and futureclimate challenges.The progress we made in integrating ESG strategicallyacross our value chain has earned CDL globalrecognition on 12 leading sustainability benchmarks.We are honoured to be ranked the world’s top realestate company on Corporate Knights’ 2020 Global100 Most Sustainable Corporations in the Worldand are the longest listed Singapore company on56IntegratedStrategyfor ValueCreationBuildingSustainableCities andCommunitiesReducingEnvironmentalImpactin integrating ESGstrategically across ourvalue chain has earnedCDL global recognition on12 leading sustainabilitybenchmarks.”the Global 100 list since 2010. In addition, we arethe only company in Southeast Asia and Hong Kongto be on the 2019 CDP A List for corporate climateaction – the only Singapore company to be includedfor two consecutive years – and on the 2019 CDP AList for water security. These prestigious accolades,amongst many others, reaffirm our climate strategy andcommitment, and underscore CDL’s positioning as asustainable investment of choice.I am glad that the company continues to contributepositively towards a low-carbon economy. In September2019, CDL was amongst the pioneer batch of 87companies worldwide pledging support to UNGC’sBusiness Ambition for 1.5 C campaign, to set climateShaping aFair, Safeand InclusiveWorkplaceCreatingSharedEconomicand SocialValueAnnexes Assurance Statements GRI Content Index Glossarytargets across our operations aligned with limitingglobal temperature rise to 1.5 C.5 CDL expanded theuse of sustainable finance in 2019 by leveraging onour ESG credentials to accelerate climate action withincapital markets.Our ESG-centric vision has built a sound foundationto mitigate climate-related business risks and is setto unlock new capital and business opportunities.Research has shown that more corporations are usingESG considerations as a lever to lower risk and thusfactoring it into their acquisitions.6Moving forward, the Board is fully supportive of theCDL management’s unwavering commitment to furtherenhance our ESG and green buildings’ performance. Inthe face of climate emergency, the only way to deliverlong-term value creation for our investors, shareholders,and stakeholders is through responsible businesspractices for a sustainable future.Kwek Leng BengExecutive ChairmanMarch 2020Press release, UN Global Compact, 22 September 2019.Global ESG Real Estate Investment Results, UN Environment Programme Financial Initiative, March 2019.CDL INTEGRATED SUSTAINABILITY REPORT 202005
GROUP CEO ANDEXECUTIVE tsIntegratedStrategyfor ValueCreationBuildingSustainableCities andCommunitiesReducingEnvironmentalImpactShaping aFair, Safeand InclusiveWorkplaceCreatingSharedEconomicand SocialValueAnnexes Assurance Statements GRI Content Index GlossaryDear Stakeholders,2020 is a critical year to kick-start a decade of urgent androbust climate action. The past 10 years have gone downin history as the planet’s hottest decade, the environmentalimpacts of which have reverberated throughout the world.In the five years since COP21, climate change morphedfrom a serious challenge to a full-blown emergency, leavingimpending threats and uncertainties in its wake.This year, countries that have pledged their support forthe Paris Agreement are preparing to submit their new orrevised national plans with much higher ambitions since theworld is currently on track towards a global temperaturerise of 3 C, double the target set out in the 2015 ParisAgreement on climate change.“CDL’s strong track recordin ESG performance, guidedby our four key pillarsof strategy – Integration,Innovation, Investment,and Impact – will enableus to forge ahead in the newclimate economy, futureproofing our business andsustaining growth in theright manner.”2020 is also a crucial year for addressing the SustainableDevelopment Goals (SDGs) that set targets for the world tobecome safer, healthier, fairer and more sustainable by 2030.To achieve these ambitious goals, both policymakers andbusinesses share the same level of responsibility to mitigateand adapt to the climate emergency, which makes it vital forall to work together to form a strong force for good.Increasingly, the business case for ESG integration isstrengthening, as seen in the rise of ESG investing.¹According to Morningstar, ESG funds amassed US 20.6billion of new money in 2019 – four times as much as the123previous high bar² of US 5.5 billion in 2018. Companiesthat manage sustainability risks and opportunities tendto have stronger cash flows, lower borrowing costs andhigher valuations over time.³ Financiers are also increasinglypegging lending rates to the ESG performance ofcorporate borrowers.The need for a sustainability mindset has never beengreater and more critical for businesses to unlockopportunities in a low-carbon economy. As a pioneering forcein sustainability, CDL’s strong track record in ESG performance,guided by our four key pillars of strategy – Integration,Innovation, Investment, and Impact – will enable us to forgeahead in the new climate economy, future-proofing ourbusiness and sustaining growth in the right manner.INTEGRATION:Creating Enduring Value Through Our Ethos“Conserving as We Construct” Since 1995ESG integration is fundamental to creating long-term valuefor our business and all our stakeholders. As an expansionof our sustainability commitments, we have aligned our ESGefforts with 14 relevant SDGs out of 17, and we are alsothe first Singapore company to embrace the SDGs in ourIntegrated Sustainability Report since 2016. Guided by theCDL Future Value 2030 sustainability blueprint that mappedThe remarkable rise of ESG, Forbes, 11 July 2018.Sustainable fund flows in 2019 smash previous records, Morningstar, 10 January 2020.Foundation of ESG investing, MSCI, July 2019.CDL INTEGRATED SUSTAINABILITY REPORT 202006
GROUP CEO ANDEXECUTIVE tsout strategic goals and ESG targets, we have continuedto track and report our performance on a quarterly andannual basis since 2017. In the year under review, I am gladto report that we are on track to achieve all our key ESGtargets, with some areas requiring further adaptation dueto operational changes.As the first real estate company in Singapore to have ourcarbon reduction targets assessed and validated by theSBTi, we took a step further in our carbon managementby joining the pioneer batch of 87 companies worldwideto pledge support to UNGC’s Business Ambition for 1.5 Ccampaign in September 2019.5 We pledged to set climatetargets across our operations, aligned with limiting globaltemperature rise to 1.5 C.Singapore recently announced its goal to halve its emissionsby 2050 and to achieve net-zero “as soon as viable in thesecond half of the century”4. CDL has been an early moverto lower our carbon footprint through best practices andinnovation. Being the first private sector property developerin Singapore to achieve the ISO 14001 EnvironmentalManagement and ISO 50001 Energy Management Systemcertifications in 2003 and 2014 respectively, we continuallybuild on our efforts to expand our natural capital as we growour business for a low-carbon future. In 2019, we achieveda 38% reduction in carbon emissions intensity from baseyear 2007 against our 2030 SBTi-validated target of 59%,meeting our interim 2019 target and we are on track toachieving our 2030 goal.Since 2009, CDL has stayed ahead of the curve by voluntarilyreducing our annual carbon emissions to net-zero for ourcorporate office operations including our data centre,and 11 Tampines Concourse – the first CarbonNeutral development in Singapore and the Asia Pacific. Besidescarbon neutralising the construction phase of 11 TampinesConcourse, we also annually offset emissions from itsoperations, including that of its tenants.45IntegratedStrategyfor ValueCreationBuildingSustainableCities andCommunitiesReducingEnvironmentalImpactTo raise CDL’s business resilience and readiness forpotential climate-related risks, we completed the firstphase of our climate change scenario planning on the2 C and 4 C warmer scenarios in 2018. We have sinceexpanded our study to a 1.5 C warmer scenario andincluded our key operations in the US. The study providedgreater insight and clarity for the Group to better preparefor the potential impact of both climate-related physicaland transition risks, such as higher carbon taxes andstricter building regulations.To adapt to the rapidly changing business landscapesand stakeholder expectations, we started conductingbiennial materiality assessments with internal andexternal stakeholders in 2014. Similar to 2017’s findings,the 2019 study concluded that “Innovation” remainsCDL’s top material issue. The second was “EnergyEfficiency and Adoption of Renewables”, followed by“Climate Resilience”.Shaping aFair, Safeand InclusiveWorkplaceCreatingSharedEconomicand SocialValueAnnexes Assurance Statements GRI Content Index GlossaryINNOVATION:Adopting Technologies and Solutions toStrengthen Climate Resilience and theTransition Towards a Low-Carbon FutureAdvances in low-carbon technologies present a hugeopportunity to make business sense out of long-termdecarbonisation. For the past two decades, we have driveninnovative solutions to develop strategic low-carbon andresilient buildings. With innovation identified as our topmaterial ESG issue since 2017, we have intensified our searchand application of viable innovations and technologies toreduce our carbon footprint.Formed in 2018, the Enterprise Innovation Committee (EIC)is an inter-department and multidisciplinary establishmentthat scouts for latest technologies and solutions. Chairedby CDL Group Chief Strategy Officer Mr Kwek Eik Sheng,the EIC will continue to shape corporate innovation cultureand implement innovative ideas that contribute to thecompany’s balanced triple bottom line and long-termsustainable growth.In 2019, we embarked on an exciting pilot project inpartnership with the Solar Energy Research Institute ofSingapore, combining new building and solar technologiesfor greater efficiency. The project integrates high-efficiencyBIPV modules with PPVC, using The Tapestry, our newresidential development in Singapore, as a testbed.Singapore’s 2050 target: Halve emissions from 2030 peak, The Straits Times, 29 February 2020.Press release: 87 major companies lead the way towards a 1.5 C future at UN Climate Action Summit, UNGC, 22 September 2019.CDL INTEGRATED SUSTAINABILITY REPORT 202007
GROUP CEO ANDEXECUTIVE tsSince 2017, CDL has formed a R&D partnership with NUSSchool of Design and Environment (SDE). In addition to theNUS-CDL Tropical Technologies Laboratory (T2 Lab), which hasbeen operational since late 2018, the NUS-CDL Smart GreenHome Laboratory was opened in 2019 at NUS’ SDE Building4, Singapore’s first new-build net-zero energy building. Thetwo labs will conduct innovative experimental studies onsmart features, green building technologies and design forsustainable living.Singapore-based start-up specialising in sustainable paintsand advanced building materials – to explore new buildingsolutions. Through the EIC, Gush was also involved in a pilotprogramme to testbed a mould-prevention paint at Nouvel 18,a residential development that CDL manages.The recent Singapore Budget 2020 announcement toincrease adoption of electric vehicles (EVs) and phase outinternal combustion engines by 2040 validates our earlyefforts in enabling the accessibility of EV chargers to thepublic. We partnered with BlueSG and Greenlots inEV sharing programmes by providing carpark lots withcharging stations at our commercial properties includingRepublic Plaza, Tagore 23 Warehouse, Central Malland City Square Mall. In 2019, we were one of the leadinglandlords to partner with SP Group to provide direct currentfast chargers at Republic Plaza. Going forward, CDL willlook into expanding the EV charging infrastructure forour new residential and commercial developments as wellas review our existing managed properties. These effortswill help support the transformation of the local urbanmobility landscape.Putting people at the heart of what we build, urban greeneryand landscaping have always been key differentiators forour developments. All our new residential developments gobeyond the mandatory requirement by BCA, devoting over40% of the site area to unique landscaping and communalfacilities. In 2019, we also invested 3 million in Gush – a6IntegratedStrategyfor ValueCreationBuildingSustainableCities andCommunitiesReducingEnvironmentalImpactHigher energy efficiency often contributes to loweroperational costs. Through robust resource managementand regular asset upgrading and enhancement efforts, wehave been able to maintain efficient energy performance forour managed properties. Since 2004, CDL has retrofittedall our managed buildings by upgrading chiller plants,introducing motion sensors, installing energy-efficientlighting and recladding facades. From 2012 to 2019,we achieved savings of more than 28 million in energyexpenses amongst eight of our commercial properties.Recognising that user behaviour is equally important inachieving energy efficiency and cost savings, we have beenactively engaging and encouraging our tenants to adopt lowcarbon practices at the workplace, resulting in the continuationof 100% tenant participation in the CDL Green LeasePartnership Programme.Corporations are increasingly expected to be accountable forthe environmental impact of their supply chain. Last year, wecommenced a risk analytics and segmentation exercise on oursupply chain, which utilises a risk-based and leverage-drivenapproach to identify environmental and social-sourcing risksposed by our top 100 suppliers and the products and materialsthey supply. With data-driven input, the findings will help CDLto prioritise our supplier engagement efforts and mitigate theenvironmental impact and sourcing risks of our supply chain.Shaping aFair, Safeand InclusiveWorkplaceCreatingSharedEconomicand SocialValueAnnexes Assurance Statements GRI Content Index GlossaryINVESTMENT:Propelling Change to Accelerate Climate ActionAmidst the challenging macroeconomic environment, theCDL Group delivered a resilient set of results. For FY 2019,it posted revenue of 3.4 billion (FY 2018: 4.2 billion)6and EBITDA of 1.1 billion (FY 2018: 1.2 billion). Netattributable profit after tax and non-controlling interest(PATMI) increased by 1.3% to 564.6
and Asia Pacific) since 2011 MSCI ESG Leaders and ESG Socially Responsible Investing Indexes since 2009; 'AAA' rating since 2010 Industry Leader, Real Estate, 2018; ESG Risk Rating: 1st / 541 (Real Estate Group); 3rd / 9,545 (Global Universe) Top 10 Constituent Companies - ESG Leaders Index - ESG Transparency Index OTHER AWARDS AND ACCOLADES:
May 02, 2018 · D. Program Evaluation ͟The organization has provided a description of the framework for how each program will be evaluated. The framework should include all the elements below: ͟The evaluation methods are cost-effective for the organization ͟Quantitative and qualitative data is being collected (at Basics tier, data collection must have begun)
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Le genou de Lucy. Odile Jacob. 1999. Coppens Y. Pré-textes. L’homme préhistorique en morceaux. Eds Odile Jacob. 2011. Costentin J., Delaveau P. Café, thé, chocolat, les bons effets sur le cerveau et pour le corps. Editions Odile Jacob. 2010. Crawford M., Marsh D. The driving force : food in human evolution and the future.
Le genou de Lucy. Odile Jacob. 1999. Coppens Y. Pré-textes. L’homme préhistorique en morceaux. Eds Odile Jacob. 2011. Costentin J., Delaveau P. Café, thé, chocolat, les bons effets sur le cerveau et pour le corps. Editions Odile Jacob. 2010. 3 Crawford M., Marsh D. The driving force : food in human evolution and the future.
