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
1 Calculated based on % of total gross floor area (aligned with BCA’s calculation of green buildings).
2 Intensity figures were calculated based on per unit net lettable floor area.
3 Reduction value includes the RECs purchased and retired for the year 2021.
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.
7 Under Property Development, the finalised energy use intensity for the completed project, The Tapestry, has marginally missed the interim 2021 target. Moving forward, CDL has started piloting a smart energy storage system to replace the traditional diesel-powered generator to reduce our carbon footprint.
8 These refer to suppliers appointed by AM, and main contractors and key consultants (architects, civil and structural engineers, mechanical and electrical engineers) appointed by PD.
9 Based on the lifecycle of CDL’s project developments, embodied carbon data for building materials is only available three to four years after a project has been awarded. Data reporting has been restated from end-2021 to end-2022 due to a delay in construction activities caused by COVID-19.
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 definition) that occurred at Whistler Grand in Q4 2021. Corrective action was implemented on site and reviewed.