Propelling the green building movement is crucial for future-proofing CDL’s business, enabling us to remain competitive in view of the growing financial threat posed by climate change. Our green building expertise and credentials have also helped to enhance our product desirability. Buildings and construction are among the world’s largest emitters at present, responsible for almost 40% of Greenhouse Gas emissions globally6. Hence, we have set ambitious sustainability targets for our developments, invested in enhancing their green features, and committed to quarterly and annual reporting of our progress towards achieving these targets. As CDL continues to expand our overseas property development business, we have applied the same green expertise and standards for our overseas projects. In 2017, CDL’s Chongqing Eling Residences was the recipient of the highest tier Green Mark Platinum Award, a first for a residential project in China.
Our green building practices and commitments include:
- Since 2011, CDL has set a minimum target for all new developments to be Green Mark GoldPLUS certified, two tiers above the mandatory Green Mark certification level.
- CDL has also long been committed to investing 2% – 5% of the construction cost of new developments into green design and features.
- To optimise resource- and cost-saving, sustainability considerations are factored into the entire life-cycle of our developments, starting from concept design to construction and building management.
- We are committed to achieving Green Mark certification for 80% of CDL owned and/or managed buildings.
As of December 2017, we have amassed a portfolio of 96 Green Mark certified developments and office interiors awarded by the BCA, the highest amongst private sector real estate companies in Singapore.
A full list of CDL’s Green Mark awarded developments and office interiors can be found here.
Energy Efficiency and Cost Saving
CDL’s green buildings have achieved energy and cost savings that have contributed to our financial bottom line. Some of the savings achieved are listed below:
- More than $20 million in savings as a result of the energy-efficient retrofitting and initiatives implemented at eight CDL-managed office buildings from 2012 to 2017.
- Since 2004, CDL has retrofitted all our existing commercial and industrial buildings through initiatives such as chiller plants upgrading, introduction of modern sensors to reduce lighting consumption, installation of energy-efficient lighting, and recladding of facades to reduce solar heat gain. These efforts have yielded an annual energy savings of around 16.8 million kilowatt hours (kWh), equivalent to more than $3.4 million7 in 2017.
- CDL has invested extensively in the use of solar energy and water conservation technologies for our properties. CDL’s D’Nest Condominium was listed in the Singapore Book of Records for the Largest Solar Panels in a condominium. It is also a BCA Green Mark Platinum development, and is expected to achieve estimated energy savings
of over 1.5 million kWh per year.
|6||Building a Better Future, World Green Building Council Annual Report 2016/2017|
|7||Average electricity tariff in 2017 was $0.207. Source: www.spgroup.com.sg|