ON TRACK TO ACHIEVING FUTURE VALUE 2030 GOALS AND ANNUAL TARGETS

We are into the third year of Future Value 2030 sustainability blueprint and are on track in meeting our 2030 goals. Below are our key goals and targets, progress to date, and where we are heading in the future. All target years are fiscal year end. Report data is through fiscal 2019 (31 December 2019), unless otherwise noted.

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 2019 ANNUAL TARGETS FY2019 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% tenant participation in CDL Green Lease Partnership Programme Achieve 100%
100% maintained
Double our commitment to adopt innovations and technology of green buildings Average of two innovations or new technology adoptions per year
1. Implementation of CityNexus app for Republic Plaza tenants
2. Launch of Incubator For SDGs
Double resources devoted to advocacy of sustainability practices, stakeholder engagement and capacity building 100 training programmes and events held in the SSA per year
154 comprising 46 trainings and 108 events
Goal 2: Reducing Environmental Impact
Achieve science-based target of reducing carbon emissions intensity by 59% from 2007 levels2 36% reduction
38% reduction
Asset Management (AM)- Office & Industrial2: Newly Set Interim Targets for 2020 Review of 2030 and Interim Targets Required
Reduce energy usage intensity by 45% from 2007 levels Energy use intensity: 37% reduction Past targets were set before the recent changes of the company’s asset management portfolio and tenant mix in a few properties, e.g. Republic Plaza.

Performance in 2020 will be tracked and reported vs set targets subsequently.

Reduce water use intensity by 50% from 2007 levels3 Water use intensity: 46% reduction
Reduce waste intensity by 16% from 2016 levels3 Waste intensity: 14% reduction
Asset Management (AM)- Retail2: Performance of Retail, Office & Industrial properties were tracked and reported collectively and the old targets were set before the opening of two key retail properties (City Square Mall and Quayside Isle). Retail malls consume more resources due to longer opening hours and higher footfalls that generate more waste. It is prudent to split the targets and performance data of Retail from Office and Industrial properties with shorter operational hours.
Reduce energy use intensity by 18% from baseline year4 Energy use intensity: 13% reduction
Reduce water use intensity by 9% from baseline year4 Water use intensity: 8% reduction
Reduce waste intensity by 12% from 2016 levels5 Waste intensity: 11% reduction
Corporate Office:
Reduce energy use intensity by 31% from 2007 levels
Energy use intensity: 28% reduction
Corporate office data was reported as part of CDL’s overall office building portfolio. For more prudent reporting, energy targets and performance data of corporate office will be tracked separately.
Property Development (PD):
Achieve an energy use intensity of 95 kWh/m2
Energy use intensity7:
≤105 kWh/m2
Energy use intensity:
109 kWh/m2 In 2019, most projects were in the early stages of development which involved energy-intensive equipment, e.g. cranes and excavators.
Achieve a water use intensity of 0.60 m3/m2 Water use intensity7: ≤1.75 m3/m2
Water use intensity:
0.76 m3/m2
Achieve a waste intensity6 of 30 kg/m2 Waste intensity7:
≤50 kg/m2

Water use intensity: Waste intensity: 33 kg/m2
Ensure 100% of appointed suppliers are certified by recognised EHS standards ≥75% of suppliers appointed by AM; 100% of main contractors and ≥75% of consultants appointed by PD
85% of suppliers appointed by AM; 100% of main contractors and 100% of 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 20218 when projects obtain TOP.
Goal 3: Ensuring Fair, Safe and Inclusive Workplace
Maintain zero corruption and fraud incident across CDL’s core operations Zero
Zero corruption and fraud incident
Maintain Zero fatality across CDL’s operations and direct suppliers in Singapore Zero
One fatality9
Maintain Zero occupational disease across CDL’s operations and direct suppliers in Singapore Zero
Zero occupational disease
Maintain a zero Accident Frequency Rate (AFR)10 for our employees within CDL premises ≤1.611
1.3 AFR One reportable incident12
Maintain an AFR of 1 or less for direct suppliers at CDL construction sites ≤1
0.3 AFR Two reportable incidents12
Maintain an AFR of 1 or less for direct suppliers at CDL managed properties ≤1.911
2.9 AFR Three reportable incidents12
1 Calculated based on % of total GFA (aligned with BCA’s calculation of green buildings) instead of the previously used % of total number of buildings.
2 Intensity figures have been calculated based on per unit net lettable floor area instead of the previously used per unit leased floor area.
3 Water use and waste intensities include water use and waste disposed of by CDL Corporate Office.
4 Determined by the year of completion or acquisition of the asset
5 Intensity figures have been normalised to traffic footfall.
6 Waste intensity figures are for incinerated waste from our project sites
7 Interim targets are set every five years to take the different phases of projects’ lifecycle into consideration.
8 Based on the lifecycle of CDL’s project developments, embodied carbon data for building materials is only available two or three years after a project has been awarded.
9 While the incident is still undergoing investigation at the time of publication by the regulatory authority, MOM, we have since further tightened our EHS Management System controls.
10 Accident Frequency Rate (AFR) refers to the number of workplace accidents per million manhours worked.
11 Based on Industry Average for past three years found in the WSH National Statistics 2018. Report provided by WSH Institute and MOM. For more information, please visit www.mom.gov.sg.
12 These reportable incidents happened mainly due to human negligence, not due to lapse of safety policy and procedures. Reportable incident refers to work-related accident, workplace accident, dangerous occurrence and occupational disease that require statutory reporting to MOM, as mandated by the Singapore WSH Act.