ON TRACK TO ACHIEVING FUTURE VALUE 2030 GOALS AND ANNUAL TARGETS

The CDL Future Value 2030 Sustainability Blueprint, established in 2017, sets out our strategic environmental, social and governance (ESG) goals. Our key 2030 and interim annual goals, targets and progress are tracked and reported quarterly and annually. All target years are fiscal year-end. All reporting data is through fiscal year 2022 (31 December 2022), unless otherwise stated.

Legend Progress Tracking

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

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Future Value 2030 Goals 2030 Targets1 INTERIM 2022 ANNUAL TARGETS1 FY2022 Performance
Goal 1: Building Sustainable Cities and Communities
 Achieve Green Mark certification for 100% of CDL owned and/or managed buildings2 ≥85%
98% achieved
Maintain 100% retail and office tenant participation in CDL Green Lease Partnership Programme Achieve 100%
100% maintained
Maintain high level of commitment to adopt innovations and technology of green buildings Average of two innovation and technology applications per year
1. Smart Energy Storage System to replace diesel-powered generators
2. Cool paint solution
Maintain high level of sustainability engagements and advocacy activities Average of ≥ 36 engagement and advocacy initiatives and activities per quarter
Average of 75 engagement and advocacy initiatives and activities per quarter
  NEW: Obtain GSTC Certification for all M&C Hotels based in Singapore by 2025 Not applicable
Not applicable
Goal 2: Reducing Environmental Impact
 Achieve science-based target of reducing carbon emissions intensity by 63% from 2016 levels3 19% reduction
24% reduction
Asset Management (AM)- Office & Industrial3:
Reduce energy use intensity by 55.7% from 2016 levels Energy use intensity: 9% reduction
Energy use intensity: 18.1% reduction
Reduce water use intensity by 9.5% from 2016 levels4 Water use intensity: 1% reduction
Water use intensity:
28.7% reduction
Reduce waste intensity by 8% from 2016 levels4,5 Waste intensity: Limit increase to less than 20%
Waste intensity:
9.4% increase
Asset Management (AM)- Retail3:
Reduce energy use intensity by 55.7% from 2016 levels Energy use intensity: 10% reduction
Energy use intensity: 23.5% reduction
Reduce water use intensity by 10.8% from 2016 levels Water use intensity: 9% reduction
Water use intensity:
48.3% reduction
Reduce waste intensity by 5% from 2016 levels5 Waste intensity: Limit increase to less than 10%
Waste intensity:
0.2% reduction6
Corporate Office:
Reduce energy use intensity by 63% from 2016 levels Energy use intensity: 9% reduction
Energy use intensity:
13% reduction
Property Development (PD)7:
Achieve an energy use intensity of 95 kWh/m2 Energy use intensity: ≤105 kWh/m2
Energy use intensity:
63 kWh/m2 (for Whistler Grand that has obtained TOP in 2022 only)
Achieve a water use intensity of 1.54 m3/m2 Water use intensity: ≤1.72 m3/m2
Water use intensity:
0.98 m3/m2  (for Whistler Grand only)
Achieve a waste intensity of
40 kg/m2 5		 Waste intensity:
≤50 kg/m2
Waste intensity:
28 kg/m2 (for Whistler Grand only)
Ensure 100% of appointed suppliers8 are certified by recognised EHS standards 100% of vendors appointed by AM;
100% of main contractors and ≥90% of key consultants appointed by PD
100% of AM appointed vendors; 100% of main contractors and key consultants appointed by PD
Reduce embodied carbon of building materials by 41% compared to 2016 baseline 7% reduction for new projects awarded from 2018 onwards
22% reduction compared to conventional
equivalents
Goal 3: Ensuring Fair, Safe and Inclusive Workplace
 Maintain zero corruption and fraud incidents across CDL’s operations Zero
Zero corruption and fraud incident
Maintain zero fatality across CDL’s operations and direct suppliers in Singapore Zero
1 fatality9
Maintain zero occupational disease across CDL’s operations and direct suppliers in Singapore Zero
Zero occupational disease
Maintain a Major Injury Rate (Major IR)10 of 10.0 across CDL’s operations and direct suppliers in Singapore ≤16
28.9 Major IR11
Maintain a Minor Injury Rate (Minor IR)10 of 460.0 across CDL’s operations and direct suppliers in Singapore ≤633.7
260.1 Minor IR
1 The 2030 targets and interim 2022 annual targets were reviewed in Q2 2022 and reflected in the table above.
2 Calculated based on % of total gross floor area (aligned with BCA’s calculation of green buildings).
3 Intensity figures were calculated based on per unit net lettable floor area.
4 Water use and waste intensities include water use and waste disposed of by CDL Corporate Office.
5 Waste intensity figures are for non-recyclable waste.
6 Waste intensity performance for retail assets does not factor in footfall during the COVID-19 pandemic due to exceptional fluctuations in footfall in the retail sector. There was increased waste as the result of full tenancy rate in Quayside Isle and influx of larger food retailers in City Square Mall alongside start of endemic phase of COVID-19.
7 For projects that obtained TOP status for the reporting year.
8 These refer to vendors engaged for proprietary equipment service and maintenance, facility management, security and cleaning service appointed by AM, and main contractors and key consultants (architects, civil and structural engineers, mechanical and electrical engineers) appointed by PD.
9 There was one reported fatality case that occurred at Copen Grand site in Q4 2022. Investigation is still ongoing by Main Contractor and MOM. Site specific corrective action had been implemented on site and reviewed based on preliminary investigation reports.
10 Major and Minor IR refer to the number of major and minor workplace injuries per 100,000 persons employed, respectively. For the definition of Major and Minor IR, please refer to the Ministry of Manpower’s (MOM) website.
11 There was one reported Major injury (as per MOM’s definition) that occurred at Boulevard Mixed Development in Q2 2022. Corrective action had been implemented on site and reviewed.