RENEWABLE ENERGY ADOPTION
The adoption of renewable energy has always been integral in the design and construction of our projects. In addition to the installation of solar panels to generate solar power at selected investment buildings since the early 2000s, we also started to progressively participate in the emerging RECs marketplace since 2017. In 2018, we were the first Singapore developer to buy RECs using SP Group’s blockchain-enabled platform. This has enabled us to expand our renewable energy usage in line with our renewable energy sourcing strategy.
By procuring locally-sourced RECs, CDL attributed 100% of the electricity consumed by our headquarters’ operations and part of our commercial buildings’ operations in 2019 to renewable sources. This offsets 805 tonnes of carbon emissions, equivalent to powering over 450 typical 4-room HDB flats for one year