ON TRACK TO ACHIEVING FUTURE VALUE 2030 GOALS AND ANNUAL TARGETS

We are into the fourth year of the CDL Future Value 2030 sustainability blueprint and are on track to 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 2020 (31 December 2020), 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 2020 ANNUAL TARGETS FY2020 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. Contactless eCall lift solution
2. UVC disinfection robots to autonomously disinfect areas with high traffic and touch points
Maintain high level of sustainability engagements and advocacy activities Average of ≥ 36 engagement and advocacy initiatives and activities per quarter. Target revised due to COVID-19
Average of 42 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 40% reduction
44% reduction
Asset Management (AM)- Office & Industrial2:
Reduce energy usage intensity by 45% from 2007 levels Energy use intensity: 37% reduction
Energy use intensity: 48% reduction
Reduce water use intensity by 50% from 2007 levels3 Water use intensity: 46% reduction
Water use intensity: 69% reduction
Reduce waste intensity by 16% from 2016 levels3, 4 Waste intensity: 14% reduction
Waste intensity: 27% reduction
Asset Management (AM)- Retail2:
Reduce energy use intensity by 18% from 2010 levels Energy use intensity: 13% reduction
Energy use intensity: 30% reduction
Reduce water use intensity by 9% from 2010 levels Water use intensity: 8% reduction
Water use intensity: 43% reduction
Reduce waste intensity by 12% from 2016 levels4 Waste intensity: 11% reduction
Waste intensity: 2% increase
Waste intensity increased when normalised against footfall, which was significantly reduced due to COVID-19.
Corporate Office:
Reduce energy use intensity by 31% from 2007 levels Energy use intensity: 28% reduction
Energy use intensity: 41% reduction
Property Development (PD)5:
Achieve an energy use intensity of 95 kWh/m2 6 Energy use intensity: ≤105 kWh/m2
Energy use intensity: 82.12 kWh/m2
Achieve a water use intensity of 1.54 m3/m2 6 Water use intensity: ≤1.75 m3/m2
Water use intensity: 0.78 m3/m2
Achieve a waste intensity of 40 kg/m2 6,7 Waste intensity: ≤50 kg/m2
Waste intensity: 53.66 kg/m2
More waste was generated at Forest Woods during construction from 2017 to Nov 2020 due to modification works to meet regulatory compliance.
Ensure 100% of appointed suppliers8 are certified by recognised EHS standards ≥85% of suppliers appointed by AM; 100% of main contractors and ≥85% of key consultants appointed by PD
93% of suppliers appointed by AM; 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 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
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 ≤ 17.5
Zero Major IR
Maintain a Minor Injury Rate (Minor IR)10 of 250.0 across CDL’s operations and direct suppliers in Singapore ≤ 361.0
225.2 Minor IR
1 Calculated based on % of total gross floor area (aligned with BCA’s calculation of green buildings).
2 Intensity figures calculated based on per unit net lettable floor area.
3 Water use and waste intensities include water use and waste disposed of by CDL Corporate Office.
4 Waste intensity figures are for non-recyclable waste.
5 For projects that obtained TOP status for the reporting year.
6 Target revised in March 2021 as CDL has more mixed developments in the pipeline in the coming years, effecting greater water usage and waste generation.
7 Waste intensity figures are for non-recyclable waste.
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 or four years after a project has been awarded. Data reporting is 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 website.