CORPORATE POLICIES AND GUIDELINES

Maintaining high ethical standards is integral to CDL’s branding and business. To enhance our corporate transparency and maintain the trust of our stakeholders, CDL makes publicly available the corporate policies and guidelines we have set in place, on our corporate website (https://ir.cdl.com.sg/corporate-policies), dedicated sustainability microsite (www.cdlsustainability.com) and Intranet, for access by our business partners, employees and members of the public.

The policies have been disseminated to employees of CDL’s key subsidiaries, where applicable. For the benefit of employees in our subsidiaries outside Singapore, the policies are translated into the required local languages.

BEST PRACTICES AND ESG COMMITMENTS

CDL seeks to uphold fair and responsible practices and promote inclusivity along our value chain, by supporting the following best industry practices and ESG commitments.

Anti-Money Laundering and Counter Financing Terrorism Policy In 2016, CDL introduced the Anti-Money Laundering and Counter Financing Terrorism Policy for our property business in line with the Urban Redevelopment Authority’s (URA) guidance and Monetary Authority of Singapore’s mission to mitigate the risk of Singapore being used as a platform by global criminals and terrorist organisations to launder illicit funds. The Policy provides guidelines and procedures for our front line sales and compliance function to detect and report such criminal acts.
Board Diversity Pledge and Policy In 2015, CDL supported the Board Diversity Pledge initiated by the Singapore Institute of Directors and Singapore Exchange (SGX). By taking the pledge, the Company commits to promote diversity as a key attribute of a well-functioning and effective Board. In 2017, the Board of CDL formally adopted the Board Diversity Policy, which sets out the policy and framework for promoting diversity on the Board.
Crisis Management Protocol In 2016, CDL validated our corporate crisis management protocol which includes incident escalation, operational response and crisis communications. The effort culminated in a crisis simulation exercise where the Senior Management was put through a series of rigorous scenario-based tests including a mock media conference and interview.
Employers’ Pledge of Fair Employment Practices CDL is a signatory of the Employers’ Pledge of Fair Employment Practices with the Tripartite Alliance for Fair Employment Practices (TAFEP). TAFEP works with employer organisations, unions and the Government to create awareness and facilitate the adoption of fair employment practices. The alliance is co-chaired by representing employer unions and National Trades Union Congress.
Ethical Marketing Practices Since 2000, we have developed a set of internal procedures and an operations manual for marketing and leasing. These are reviewed annually to reflect changes in marketing practices, technology, regulation, and stakeholder expectations.Marketing collaterals produced by CDL are compliant with the Singapore Code of Advertising Practice administered by the Advertising Standards Authority of Singapore, an Advisory Council to the Consumers Association of Singapore.

CDL’s marketing practices also comply with the URA’s Housing Developers Rules (HDR) and Building and Construction Authority’s (BCA) Guidelines for Outdoor Signs at our construction sites. The HDR seeks to enhance transparency in the real estate industry, enabling homebuyers to make better informed decisions when buying a home, while the BCA guidelines prohibit cross-marketing of other products and services.

Green Procurement Specifications Reflecting our belief in more efficient use of resources, we have a set of Green Procurement Specifications for the selection of vendors and suppliers at our Corporate Office and across core business operations in Singapore. The guidelines include:

  • Sharing the corporate EHS Policy with new vendors and suppliers
  • Indicating preference for use of eco-friendly and recycled materials and products
  • Indicating preference for ISO 14001 certified vendors
  • Declaring the use of eco-friendly and recycled paper in printed materials
Pledge for Zero – A CEO Commitment Charter CDL is a founding signatory of the “Pledge for Zero – A CEO Commitment Charter”, launched at the inaugural Construction CEO Summit organised by the Workplace Safety and Health Council in 2008. CDL adopted the pledge and committed to establish a zero-injury workplace. In 2016, CDL reiterated our commitment towards Construction Industry WSH Action Plans by galvanising 24 of our key builders and consultants to sign the ‘Pledge Towards Vision Zero Through Safe Design – Safe Practices – Safe Culture’.
Singapore Stewardship Principles CDL is committed to upholding the highest standards of governance, integrity and sustainability in all our business activities. As a sustainability leader and proponent of responsible investing, we support the call for good governance and stewardship by investors as communicated in the Singapore Stewardship Principles.
Support for Task Force on Climate-related Financial Disclosures CDL supports the voluntary disclosure recommendations of the industry-led Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD). As a sustainability pioneer and green building champion, CDL believes that climate change will have significant impacts across many sectors and regions. Businesses have an important role to play in ensuring transparency around climate-related risks and opportunities. The Recommendations will catalyse more reliable disclosure of information that will facilitate more informed businesses and investment decision-making. It will help support a smooth transition to a low-carbon economy. We encourage more businesses to support better climate-related financial disclosure.
Supplier Code of Conduct The Supplier Code of Conduct provides comprehensive guiding principles for our vendors and suppliers to comply with CDL’s expectations of ethical standards, covering the following areas:

  • Business integrity
  • Fair competition
  • Open communication
  • Conflict of interest
  • Gifts and entertainment
  • Health, safety, and environment
  • Legal compliance
  • Human rights
  • Reciprocity
Universal Design Policy CDL develops a wide range of properties from mass market executive condominiums to luxury homes. Regardless of property type, we believe that resource-efficient buildings can be a differentiator. We also continue to embed the principles of Universal Design – “design for all people” in all our projects, above the mandatory requirements specified in the Code of Barrier-Free Accessibility by the BCA.Our design brief includes features that encourage community-building and social integration. Our Universal Design Policy, which is endorsed by CDL’s top management, provides the Company with a framework to create an inclusive built environment through developing buildings that respond to differing customer needs.
Women’s Empowerment Principles At CDL, we recognise the valuable contribution of our women employees to the Company’s business growth and sustainability leadership. With a workforce of nearly 70% females, CDL is committed to empowering women in our workplace and supporting their pursuit for career and personal development. The Board and top management of CDL firmly believe that diversity and inclusion will strategically enhance a company’s human capital and performance for future growth. Our CEO’s statement of support for the United Nations (UN)-led Women’s Empowerment Principles can be found on www.cdlsustainability.com