VALUE CREATION MODEL
CDL’s value creation business model is anchored on our ethos of “Conserving as We Construct” since 1995. The model encapsulates our role as a developer, an asset owner and a corporate citizen, and guides us in creating sustained value for our business and our stakeholders. Leveraging on six capitals, our business operations and sustainability advocacy is well-aligned with 14 UN SDGs.
Over the years, CDL’s robust sustainability reporting has evolved into a unique blended model using GRI Standards as its core since 2008, CDP since 2010, Global Real Estate Sustainability Benchmark (GRESB) since 2013, Value Reporting Foundation’s Integrated Reporting Framework since 2015, SDG Reporting since 2016, TCFD framework since 2017, and SASB Standards since 2020. To enhance data credibility and instill confidence in readers, external assurance of our Integrated Sustainability Report (ISR) started since 2009. ISR 2022’s external assurance has been further elevated in its scope against the GRI Standards, SASB Standards, as well as the TCFD and Climate Disclosure Standards Board (CDSB) frameworks. As an experienced reporter using multiple sustainability reporting frameworks and standards, CDL supports the formation and meaningful efforts of the International Sustainability Standards Board (ISSB) in providing a unified sustainability reporting framework that aims to fulfil the needs of investors and multiple stakeholders for credible, consistent and comparable data.
CDL FUTURE VALUE 2030 SUSTAINABILITY BLUEPRINT
Established in 2017, the CDL Future Value 2030 Sustainability Blueprint sets goals for our integrated sustainability strategy towards 2030—a milestone year for UN SDGs and the net zero climate agenda.
Since July 2017, we have also been voluntarily publishing an online quarterly sustainability report that updates stakeholders of our progress towards key goals and targets that are set under the CDL Future Value 2030 Sustainability Blueprint.
| 1 | CDL has pledged to achieve net zero operational carbon by 2030, covering new and existing wholly-owned assets under our direct management and operational control. We expanded the commitment to achieve maximum reduction of embodied carbon in new developments, compensating for any remaining residual operational and upfront embodied emissions via offsetting for new developments by 2030 and for all buildings to be net zero carbon by 2050. Please refer to page 59 of ISR 2022 for more details. |