ESG GOALS, TARGETS & PROGRESS

Legend Progress Tracking

Meet interim targets, maintain performance towards meeting 2030 targets
Fall short of interim target for one year; review current practices
Fall short of interim target for more than two consective yeards; review and revise targets (if necessary)

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Future Value 2030 Goals 2030 Targets (Effective from 2018 Interim Annual Targets for 2018 FY2018 Performance
Goal 1: Building Sustainable Cities and Communities
Achieve Green Mark certification for 80% of CDL owned and/or managed buildings ≥75%
75% achieved
Maintain 100% tenant participation in CDL Green Lease Partnership Programme Achieve 100%
100% maintained
Double our commitment to adopt innovations and technology of green buildings Average of two innovations or new technology adoptions per year
1. Adoption of solutions by two sustainability-linked local start-ups, Gush! and UglyGood.
2. Implementation of a food waste treatment system at Le Grove Serviced Residences.
Double resources devoted to advocacy of sustainability practices, stakeholder engagement and capacity building ≥100 training programmes and events held in the SSA per year
146 comprising 60 trainings and 86 events.
Goal 2: Reducing Environmental Impact
Achieve science-based target of reducing carbon emissions intensity by 59%1 from 2007 levels. 40% reduction
32% reduction
The lower-than-expected reduction was due to the refrigerant systems approaching end-of-life. Systems will be progressively replaced in due course.
For Corporate Office & Asset Management2:
Reduce energy usage intensity3 by 35% from 2007 levels

For Property Development: Achieve an energy usage intensity of 95 kWh/m2.

29% reduction

Property Development: ≤105 kWh/m2

27% reduction
Performance in this area will be closely monitored, as performance has fallen short of interim target by a small margin.

 

Property Development: 102 kWh/m2
For Corporate Office & Asset Management2:
Reduce water usage intensity by 38% from 2007 levels.

For Property Development: Achieve a water usage intensity of 0.60 m3/m2.

32% reduction

Property Development: ≤1.75 m3/m2

32% reduction
Property Development: 0.65 m3/m2

 

Property Development: 30 kg/m2
For Corporate Office & Asset Management2
Reduce total waste intensity by 7% from 2016 levels.

For Property Development: Achieve a waste intensity of 30 kg/m2.

0.7% reduction

Property Development: ≤50 kg/m2

2.7% increase
There was an improvement in waste reduction with a 5% absolute reduction of waste disposed. However, total waste intensity increased due to reduced leased area. An interdepartmental waste minimisation taskforce has been set up to review current practices and targets.

 

Property Development: 30 kg/m2

Ensure that 100% of appointed suppliers are certified by recognised EHS standards For Asset Management: ≥30% of suppliers appointed

For Property Development: 100% of main contractors and ≥30% of consultants appointed

70% of suppliers appointed by Asset Management Division.

 

100% of main contractors and 75% of consultants appointed by Property Development Division.

Reduce embodied carbon of building materials by 24% compared to other conventional equivalents4 ≥7% reduction for new projects awarded from 2018 onwards
Data to be reported at the end of 2020
Goal 3: Ensuring Fair, Safe and Inclusive Workplace
Maintain Zero corruption and fraud incident across CDL’s core operations Zero
Zero corruption and fraud incident
Maintain Zero fatality across CDL’s operations and direct suppliers in Singapore Zero
Zero fatality
Maintain Zero occupational disease across CDL’s operations and direct suppliers in Singapore Zero
Zero occupational disease
Maintain Zero Accident Frequency Rate (AFR)5 for our employees within CDL premises ≤1.96
1.3
One reportable incident7
Maintain AFR of 1 or less for direct suppliers at CDL construction sites ≤1
0.4
One reportable incident
7
Maintain AFR of 1 or less for direct suppliers at CDL managed properties ≤1.96
0.9
One reportable incident7

 

1 To align with CDL’s newly validated science-based target, this intensity only includes emissions from Scope 1 and 2 and excludes the emissions from construction activities by CDL’s construction contractors reported under Scope 3 emissions. Separate targets have been set to address its Scope 3 emissions for capital goods and investment, including the reduction of embodied carbon of building materials. For more information on CDL’s science-based target, please visit www.sciencebasedtargets.org.
2 Scope of the environmental targets has been revised to align with the sector classification of GRI Business Activity Group Descriptions as recommended by the SBTi. Through this revision, the current scope includes only the corporate office and asset management divisions. Targets and performance for property development are tracked separately.
3 Energy usage intensity indicated here is for purchased electricity, as base year levels were calculated using purchased electricity only.
4 Based on the life-cycle of our property development projects, embodied carbon data for building materials are only available 2 years after a project has been awarded. This target replaces the previous construction materials derived from recycled content, low carbon sources or certified by recognised environmental organisations as this new target provides a more direct measure on the carbon emissions reduction which is in line with the newly validated sciencebased target.
5 Accident Frequency Rate (AFR) refers to the number of workplace accidents per million manhours worked.
6 Based on the 2017 Real Estate Services Industry AFR published in the Workplace Safety and Health Report 2017 by the MOM and WSH Institute.
7 Reportable incident refers to work-related accident, workplace accident, dangerous occurrence and occupational disease that require statutory reporting to the MOM, as mandated by the Singapore WSH Act.