GREEN LEASES

Beyond investing in green infrastructure, we work closely with our commercial tenants, given that tenant and occupant activities within a building can account for close to 50%1 of the total electricity consumption of a building. Through our Green Lease Partnership Programme, we have shifted user mindsets and behaviour to jointly achieve progress for the worldwide green movement and dovetail nationwide efforts with BCA’s 3rd Green Building Masterplan for Singapore’s future.

Supporting Tenants to Go Green through the Green Lease Partnership Programme

CDL implemented the Green Lease Partnership Programme since 2014 to support our commercial tenants’ efforts to lower their carbon footprint. Since end-2017, 100% of existing tenants have pledged their commitment to go green by signing a Green Lease. Some Green Lease Partnership Programme activities are:

  • All new tenants receive kits comprising green guidelines and checklists to help them in fitting out works and operations
  • CDL annually conducts various end-user initiatives, e.g. conducting eco-themed movie screenings, and talks and workshops on environmental-related issues.
  • In support of World Green Building Week 2019, CDL conducted a quiz reaching out to close to 1,000 tenants on reducing their carbon footprint in the workplace and on the intrinsic links between green and healthy workplaces.

As a result of dedicated landlord-tenant efforts, six of our commercial properties, constituting 78% of GFA, have been awarded the BCA Green Mark Pearl/Pearl Prestige Award, which are given to building owners with a substantial number of tenants who are certified under the BCA Green Mark occupant-centric schemes. To ensure that tenant engagement efforts stay relevant and impactful, CDL holds regular, internal taskforce meetings chaired by our Senior Management to review their progress.

In recognition of our tenant engagement efforts, CDL’s Republic Plaza Tower 1 was conferred the BCA Green Mark Pearl Award in 2019. For example, one of its tenants, Distrii Singapore, adopted the use of 100% LED lighting and achieved more than 50% improvement in lighting power density.

INITIATIVES TO ENGAGE TENANTS TO GO GREEN

1 BCA Building Energy Benchmarking Report 2014.