STRATEGIC ESG INTEGRATION

ON TRACK TO ACHIEVING FUTURE VALUE 2030 GOALS AND ANNUAL TARGETS

Established in 2017, the CDL Future Value 2030 Sustainability Blueprint sets out our strategic 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 2021 (31 December 2021), 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 Targets	INTERIM 2021 ANNUAL TARGETS	FY2021 Performance
Goal 1: Building Sustainable Cities and Communities	Achieve Green Mark certification for 90% of CDL owned and/or managed buildings1	≥85%	85% 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 innovations or new technology adoptions per year	1. Plastic Neutrality Certification 2. DigiHUB
	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
Goal 2: Reducing Environmental Impact	Achieve science-based target of reducing carbon emissions intensity by 59% from 2007 levels2	42% reduction	42% reduction3
	Asset Management (AM)- Office & Industrial2:
	Reduce energy use intensity by 45% from 2007 levels	Energy use intensity: 37% reduction	Energy use intensity: 48% reduction
	Reduce water use intensity by 50% from 2007 levels4	Water use intensity: 43.5% reduction	Water use intensity: 56.9% reduction
	Reduce waste intensity by 16% from 2016 levels4,5	Waste intensity: 14% reduction	Waste intensity: 29% reduction
	Asset Management (AM)- Retail2:
	Reduce energy use intensity by 18% from 2010 levels	Energy use intensity: 18% reduction	Energy use intensity: 31% reduction
	Reduce water use intensity by 9% from 2010 levels	Water use intensity: 8% reduction	Water use intensity: 44% reduction
	Reduce waste intensity by 12% from 2016 levels5	Waste intensity: 10.7% reduction	Waste intensity: 16.4% reduction6
	Corporate Office:
	Reduce energy use intensity by 31% from 2007 levels	Energy use intensity: 29% reduction	Energy use intensity: 37% reduction
	Property Development (PD)7:
	Achieve an energy use intensity of 95 kWh/m2	Energy use intensity: ≤105 kWh/m2	Energy use intensity: 107.09 kWh/m2
	Achieve a water use intensity of 1.54 m3/m2 6	Water use intensity: ≤1.75 m3/m2	Water use intensity: 0.70 m3/m2
	Achieve a waste intensity of 40 kg/m2	Waste intensity: ≤50 kg/m2	Waste intensity: 45.79 kg/m2 Environmental performance reported for The Tapestry, which obtained TOP status in February 2021
	Ensure 100% of appointed suppliers8 are certified by recognised EHS standards	≥90% of suppliers appointed by AM; 100% of main contractors and ≥90% of key consultants appointed by PD	93% of AM appointed suppliers; 100% of main contractors and 100% of key consultants appointed by PD
	Reduce embodied carbon of building materials by 24% compared to their conventional equivalents	7% reduction for new projects awarded from 2018 onwards	Performance is on track to meet target. Data will be reported at end of 20229 when projects obtain TOP.
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	Zero fatality
	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	≤16.7	35.1 Major IR11
	Maintain a Minor Injury Rate (Minor IR)10 of 250.0 across CDL’s operations and direct suppliers in Singapore	≤354.7	175.5 Minor IR