CDL adopts an integrated top-down and bottom-up risk review process to enable comprehensive identification and prioritisation of all material risks throughout CDL. An integral part of our process towards effective risk management is continuous communication and consultation with internal and external stakeholders. This enables CDL to understand the importance of risk management and appreciate the decisions made within, as well as to implement the best policies necessary for the overall benefit of CDL.
|Top Down Process||Bottom-Up Process|
Material Risks to CDL
CDL categorises its risk profile into four key areas: Strategic, Treasury & Financial, Operational & Compliance, and Information Technology. Many of these affects not just our businesses, but also other businesses in and outside the real estate industry. These risks vary widely, and many are beyond CDL’s control. CDL is committed to mitigate its exposure through appropriate risk management strategies and internal controls.
We are committed to continually improve our risk management framework, capabilities, and culture across CDL to ensure the long-term growth and sustainability of our business. By leveraging training initiatives to raise employees’ risk management awareness and capabilities, we can continuously enhance the Group’s ‘risk-centric’ culture, and integrate risk management effectively in our businesses.
More information can be found in the Risk Management Report in CDL’s 2018 Annual Report