- CORPORATE COMMITMENT TO ESG
- ESG INTEGRATION SINCE 1995
- TRACK RECORD & RECOGNITIONS
- VALUE CREATION STRATEGY & SIX CAPITAL
- STAKEHOLDER ENGAGEMENT
- SUSTAINABILITY REPORTING & COMMUNICATIONS
- SUPPORTING THE SDGs & CLIMATE ACTION
Climate change is the defining issue of our time. The destructive consequences of global warming on our planet are intensifying as the clock ticks away. The threat of irreversible environmental damage is undeniably real. Solutions exist but we need everyone on board for the momentous task ahead. Since 1995, CDL has recognised the importance of making sustainability an integral part of our business. We firmly believe that public, private and people sectors can all play a key role in changing the climate today, for tomorrow.
City Developments Limited (CDL) is a Singapore-listed real estate company with a network spanning 100 locations in 28 countries.
Beyond shaping skylines with architectural icons, CDL has transformed the built environment with numerous award-winning green buildings. For over two decades, CDL led the pursuit of green innovations, eco-friendly initiatives and industry-changing methods that promote recycling, reduce waste and raise productivity. We will continue to innovate, invest and improve the way we build sustainable cities and communities. Because this is the foundation of what we do.
Titled “On Track To CDL Future Value 2030”, this report shows the update on CDL’s progress towards material Environmental, Social and Governance (ESG) goals and targets established under the CDL Future Value 2030 sustainability blueprint.
Launched in 2017, the blueprint underpins our ESG integration of more than 20 years, and drives our integrated sustainability strategy towards 2030 – a milestone year for global sustainable development, climate agreement and green building agenda. Watch this space for the release of our Integrated Sustainability Report 2019 soon!
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From February 2018, our Board has started to play a bigger role in advancing CDL’s sustainability leadership with the Sustainability function reporting directly to the Board Sustainability Committee while maintaining an administrative reporting channel to the Group CEO.
More than just a developer of living and working spaces, we have strived to be a builder of lives and communities. Our long-standing commitment to innovation and green building has distinguished CDL as a trusted eco-developer and differentiated our products. The enhanced value of our manufactured capital has benefited our business, customers and investors, and supported the well-being and development of the communities which we operate in.
This Committee gives Board-level oversight to CDL’s sustainability leadership and ensures effective integration of ESG initiatives into our business operations and corporate objectives.
First and only Singapore company listed on Global 100 for 10 consecutive years
City Developments Limited (CDL) has emerged the top Singapore company in the 2019 Global 100 Most Sustainable Corporations in the World ranking, taking 25th place. This also makes CDL the first and only Singapore company to be listed on the Global 100 for 10 consecutive years.
Announced on 22 January, 2019 at the World Economic Forum in Davos, Switzerland, companies listed on the 2019 Global 100 ranking were selected from some 7,500 publicly listed companies – each evaluated on a set of up to 21 Environmental, Social and Governance (ESG) indicators relative to their industry peers using publicly available information.
CDL’s Future Value 2030 is our blueprint for sustained value and growth creation for our business, stakeholders, community and the environment. With increased threats of climate change and rapid urbanization, this blueprint will guide us to continue our best practices and future ready out business as we move towards 2030.
At CDL, we are committed to take an integrated and forward-looking approach to future-proof our business. By harnessing our six reservoirs of capital, we continuously strive to create enduring value for our brand, business and stakeholders.
Despite a challenging operating environment, the CDL Group continued to achieve resilient performance in FY 2017, with attributable profit after tax and non-controlling interests (PATMI) of $538.2 million. The Group will focus on driving growth in our property development and recurring income segments, enhancement of asset portfolio performance and enterprise transformation. We will continue to remain disciplined in capital management and be highly selective and strategic in deploying our robust balance sheet.
The Group will continue to refine and improve its risk management framework, systems and processes to ensure that not only our inherent risks but risks arising from these emerging trends are being monitored and managed efficiently. In that way, we hope to strive a good balance between risks and returns in this increasingly dynamic and evolving business environment of the future.
For more than two decades, we have upheld our unwavering commitment to environmental management and resource efficiency to reduce our environmental footprint. Driven by our ethos of “Conserving as we Construct”, we have put in place a host of policies and practices to mitigate our environmental impact. This aims to maintain a strong natural capital for CDL as we continue to grow our business.
As a leading developer for urban residential and working spaces, we pride ourselves as a builder of lives and communities. For more than 20 years, CDL has been championing groundbreaking innovation and setting green building benchmarks to keep us ahead in a highly competitive market. CDL also leverages on our green building expertise to harness efficiency gains through technological enhancement and innovation.
Our quality, sustainable and resilient spaces have strengthened our manufactured capital, enabling us to not only create enhanced value for our business, investors and customers, but also support economic development and human well-being in the communities where we operate in.
An organisation is often said to be only as good as its people. The level of commitment, skillset and quality of employees is therefore critical to a company’s success.
We believe in building engaging careers so that our employees can grow with the company. Our Human Resource (HR) policies and initiatives are geared towards creating a competent, caring and inclusive workplace. It aims to foster human development and well-being, drive employee productivity and satisfaction, and reward stellar performance. Through proactive engagement, talent development and retention, fair labour practices and competitive remuneration, we strive to remain as an employer of choice.
To CDL, social and relationship capital is an intangible asset built through the collaborations and bonds forged with our stakeholders to generate greater value for all. By effectively managing our stakeholder relations through active engagement, we have fostered goodwill with our stakeholders, strengthening our social license to operate in domestic and international markets.
Over the years, we have gone beyond shaping cityscapes to contributing towards building sustainable cities and communities. By initiating and supporting SDG-focussed outreach programmes in four focus areas – environmental conservation, youth development, the arts, and caring for the less fortunate – CDL aims to deliver a lasting and positive impact in the communities we operate in.
Executive Director of UN Women, Phumzile Mlambo-Ngcuka
Message on International Women’s Day
Paul Simpson, co-founder and CEO of CDP
In a year when initiatives like RE100 and science based targets surged in membership, the scale of the challenge grew more stark.