GREEN LEASES

Tenant and occupant activities within a building can account for close to 50% of the total electricity consumption of a building. Converting our agreements with commercial tenants to green leases not only helps them to lower their carbon footprint and create healthier spaces, but also achieves utility savings for CDL’s asset management.

Beyond investing in green infrastructure, we work with our commercial tenants to shift user mindsets and behaviour, to jointly achieve progress for the worldwide green movement and dovetail nationwide efforts with BCA’s 3rd Green Building Masterplan for Singapore’s future.

CDL Green Lease Partnership Programme

CDL has in place a Green Lease Partnership Programme that started in 2014 to support our commercial tenants’ efforts to lower their carbon footprint. Since end 2017, 100% of existing tenants have pledged their commitment to go green by signing a Green Lease Memorandum of Understanding. All new tenants receive kits comprising green guidelines and checklists to help them in fitting out works and operations. We also support our tenants’ green practices through various end-user initiatives, including conducting eco-themed movie screenings, talks and workshops on environmental-related issues. As a result, nine of our commercial properties have been awarded the BCA Green Mark Pearl and Pearl Prestige Award, which are given to building owners with a substantial number of tenants who are Green Mark certified under the Green Mark occupant-centric schemes. To ensure that tenant engagement efforts stay relevant and impactful, CDL holds regular, internal taskforce meetings chaired by our Senior Management to review their progress.

In recognition of our concerted commitment in encouraging tenants towards environmentally-friendly efforts, CDL also emerged as the only developer to receive the BCA Green Mark Pearl Prestige Award for four consecutive years. Since 2017, this top-tier accolade has been awarded to City Square Mall, the first shopping mall to be recognised in this category. With CDL’s tenant engagementefforts to green the mall’s restaurants, retail outlets and offices, more than 71% of the mall’s Net Lettable Area has received the Green Mark certification, with more than 22% achieving Green Mark GoldPLUS and above. One of City Square Mall’s tenants, sporting goods retailer Decathlon leveraged on CDL’s greeninitiatives and attained BCA Green Mark Platinum Award. During the fitting out of Decathlon’s premises, CDL provided guidance on building an efficient lighting system that encompasses LED lighting and motion sensors, and the selection of products certified by the Singapore Green Building Council, including low-VOC paints which reduce toxins for improved indoor air quality.