Strategic Management of Material ESG Issues

Materiality is any factor that can have a present or future impact on CDL’s value creation, and hence our business performance over time. Balancing internal and external viewpoints is therefore critical in defining and managing ESG issues that are of significant relevance to our business and stakeholders.

Since 2008 when we published CDL’s first Global Reporting Initiative (GRI)- checked Social and Environment Report, we have focused our sustainability efforts around material ESG issues by aligning our business perspectives with that of our stakeholders’.

Our materiality also considers the value chain where CDL has considerable influence, but not direct control.

To keep abreast of critical issues, we periodically review our material issues against the changing business landscape, emerging global and domestic trends, regulatory development, as well as stakeholder opinions.

CDL’s Stakeholders

We define our stakeholders as groups whom our business has a significant impact on, and those with a vested interest in our operations. By assessing the significance and impact of their interest on CDL’s business, we have identified seven key stakeholder groups.

Stakeholder Groups Impact and Significance
Our Employees Our employees are key to enhancing our human capital, their health and safety, competencies, welfare and professional development are fundamental to the company’s performance. We aim to develop their potential to drive innovation, productivity and organisational excellence.
Our Customers Our promise is to create inspiring spaces and deliver quality homes in line with the rising expectations and lifestyle aspirations of tenants and homebuyers. We seek to deliver sustainable solutions and exceptional service levels to delight our customers.
Our Builders and Suppliers CDL works closely with partners along our supply chain to ensure our operations are carried out in line with CDL's EHS policies and standards that put environmental conservation, work site safety and workers' health and well-being as priorities. Targets are set to track the embodied carbon in our building materials and provide us with performance measurements in the area of reducing carbon emissions.
Our Investors Maximising shareholder returns is our top priority. We strive to maintain good corporate governance and improve levels of transparency through financial and sustainability reporting, as well as provide proactive and timely communication.
The Government and Regulators Beyond compliance, we have long been committed to partnership with public, private and people sectors. We partner with key government agencies and regulators to jointly elevate industry standards for green building, sustainability practices, as well as health and safety standards.
The Media Through engaging the media community regularly, we proliferate public awareness of the green agenda and drive the adoption of sustainable lifestyle practices through mainstream news and information channels.
Our Community Our developments shape public spaces and impact the interaction between people and their broader environment. We create "green and well" living spaces that promote social integration and occupants' well-being. We also invest in community development projects, and foster tri-sector collaboration that support the SDGs.

STRATEGIC MANAGEMENT OF MATERIAL ESG ISSUES

In late 2014, CDL embarked on materiality assessments with a comprehensive study conducted amongst key stakeholders to identify what matters most to its business and investors. In early 2016, a condensed materiality review was conducted to validate the key issues. Both studies covered online survey and one-on-one stakeholder interviews.

In November 2017, CDL conducted a second comprehensive materiality study amongst its stakeholders for updated insights of their expectations in the fast-changing business landscape. After a review by CDL's senior management, the 13 critical and highly material issues were presented to the BSC for resolution. This not only provided strategic business insights and focus for CDL's reporting initiatives, but also helped to enhance stakeholders' trust in CDL. This year’s report continues to use the issues identified through this recent materiality assessment, with the most critical ESG issues prioritised by more than 160 key stakeholders.

 

 

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CDL’s Material ESG Issues Boundary and Impact GRI Standards Disclosures Addressed in Our Report
1. Innovation All stakeholders across our value chain
  • Construction and Real Estate Sector (CRES): Sustainability certification, rating and labelling
Chapter 2: Building Sustainable Cities and Communities
2. Energy Efficiency and Renewable Energy Customers, builders and suppliers, government and regulators, investors, community, and media
  • Energy
  • CRES: Building energy intensity
Chapter 3: Reducing Environmental Impact
3. Product Quality and Responsibility Customers, builders and suppliers, government and regulators, investors, community, and media
  • Marketing and labelling
  • CRES: sustainability certification, rating and labelling
Chapter 2: Building Sustainable Cities and Communities
4. Occupational Health, Safety and Well-being All stakeholders across our value chain
  • Occupational health and safety
Chapter 4: Shaping a Fair, Safe and Inclusive Workplace
5. Anti-Corruption All stakeholders across our value chain
  • Anti-corruption
Chapter 4: Shaping a Fair, Safe and Inclusive Workplace
6. Business Ethics and Compliance All stakeholders across our value chain
  • Anti-competitive behaviour
  • Environmental compliance
  • Socioeconomic compliance
Chapter 4: Shaping a Fair, Safe and Inclusive Workplace
7. Climate Change Customers, builders and suppliers, government and regulators, investors, community, and media
  • Emissions
  • CRES: building greenhouse gas emissions intensity
Chapter 3: Reducing Environmental Impact
8. Cyber Security and Data Governance Customers, employees, government and regulators, investors, and media
  • Customer privacy
Chapter 4: Shaping a Fair, Safe and Inclusive Workplace
9. Economic Contribution to Society All stakeholders across our value chain
  • Economic performance
  • Market presence
  • Indirect economic impacts
Chapter 5: Creating Shared Economic and Social Value
10. Product Safety and Customer Well-being Customers, community, government and regulators, investors, and media
  • Customer health and safety
Chapter 2: Building Sustainable Cities and Communities
Chapter 4: Shaping a Fair, Safe and Inclusive Workplace
11. Responsible Supply Chain and Sourcing Builders and suppliers, community, government and regulators, investors, and media
  • Materials
  • Suppliers environmental assessment
  • Suppliers social assessment
Chapter 3: Reducing Environmental Impact
Chapter 4: Shaping a Fair, Safe and Inclusive Workplace
12. Talent Attraction, Retention and Development Employees, government and regulators, and investors
  • Training and education
  • Employment
  • Labour/ management relations
Chapter 4: Shaping a Fair, Safe and Inclusive Workplace
Chapter 5: Creating Shared Economic and Social Value
13. Water Management and Efficiency Customers, builders and suppliers, government and regulators, investors, community, and media
  • Water
  • CRES: building water intensity
Chapter 3: Reducing Environmental Impact