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



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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
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Maintain 100% retail and office tenant participation in CDL Green Lease Partnership Programme | Achieve 100% |
![]() 100% maintained
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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 |
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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
|
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NEW: Obtain GSTC Certification for all M&C Hotels based in Singapore by 2025 | Not applicable |
Not applicable
|
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Goal 2: Reducing Environmental Impact |
Achieve science-based target of reducing carbon emissions intensity by 63% from 2016 levels3 | 19% reduction |
![]() 24% reduction
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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
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Reduce water use intensity by 9.5% from 2016 levels4 | Water use intensity: 1% reduction |
![]() Water use intensity:
28.7% reduction |
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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
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Reduce water use intensity by 10.8% from 2016 levels | Water use intensity: 9% reduction |
![]() Water use intensity:
48.3% reduction |
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Reduce waste intensity by 5% from 2016 levels5 | Waste intensity: Limit increase to less than 10% |
![]() Waste intensity:
0.2% reduction6 |
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Corporate Office: | |||
Reduce energy use intensity by 63% from 2016 levels | Energy use intensity: 9% reduction |
![]() Energy use intensity:
13% reduction |
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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) |
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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) |
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Achieve a waste intensity of 40 kg/m2 5 |
Waste intensity: ≤50 kg/m2 |
![]() Waste intensity:
28 kg/m2 (for Whistler Grand only) |
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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 |
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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 |
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Goal 3: Ensuring Fair, Safe and Inclusive Workplace |
Maintain zero corruption and fraud incidents across CDL’s operations | Zero |
![]() Zero corruption and fraud incident
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Maintain zero fatality across CDL’s operations and direct suppliers in Singapore | Zero |
![]() 1 fatality9
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Maintain zero occupational disease across CDL’s operations and direct suppliers in Singapore | Zero |
![]() Zero occupational disease
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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
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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
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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. |