as a result of the energy-efficient retrofitting and initiatives implemented for eight office buildings from 2012 to 2016
87 Green Mark
certified developments and office interiors awarded by Building and Construction Authority
*include subsidiaries and associated companies
of office buildings owned and managed by CDL are rated Green Mark Platinum and GoldPLUS
existing tenants committed to CDL Green Lease Partnership Programme
CDL’s commitment to quality, innovation and green building has strengthened our manufactured capital, enhancing brand equity and creating greater value for our homebuyers, tenants and investors.
For over a decade, we have been investing between 2% and 5% of a new development’s construction cost on green building design and features.
Since 2011, CDL has set a minimum target for all its new developments to be certified Green Mark GoldPlus, two tier beyond the mandatory Green Mark certification by the Building and Construction Authority (BCA). Today, more than 70% of CDL’s portfolio of Green Mark certified developments and properties are rated Green Mark GoldPlus and Platinum – the highest tier certification.
Over the years, CDL’s green building efforts have translated to tangible benefits for our business. From 2012 to 2016, we achieved a saving of $16 million as a result of the energy-efficient retrofitting and initiatives implemented for eight CDL-managed office buildings, directly contributing to CDL’s financial bottom line.
For the full list of CDL’s Green Mark awarded developments and office interiors, please refer here.
Greening Existing Buildings
Since 2004, CDL has retrofitted all of our existing commercial and industrial buildings by upgrading chiller plants, introducing motion sensors, installing energy-efficient lighting, and recladding facades. On average, these efforts have yielded an estimated annual energy savings of around 16.2 million kWh, equivalent to more than $3 million4 in 2016.
As a result of these initiatives, 10 of our commercial buildings were certified Green Mark Platinum for improved environmental performance during the re-certification process.
For more details on CDL’s energy management initiatives in 2016, please refer here