BIODIVERSITY CONSERVATION
REPORTING WITH ALIGNMENT TO THE TASKFORCE FOR NATURE-RELATED DISCLOSURES (TNFD)
Given the deep interconnection between nature and climate, assessing and disclosing nature-related risks is critical for business resilience and sustainability. More than US$44 trillion, accounting for over half of global GDP, is moderately or heavily dependent on nature, with the construction sector being the most at risk.1
Since the CDL ISR 2024, our pioneering and voluntary adoption of the Taskforce on Nature-related Financial Disclosures (TNFD) Recommendations aims to provide nature-related information to allow our investors and financiers to make informed investment decisions. The findings of our 2024 materiality assessment revealed “Nature and Biodiversity Conservation” as one of our top material ESG issues.
CDL is proud to be the first corporate in Southeast Asia to adopt the TNFD Recommendations in 2024, covering our wholly-owned and directly managed operations in Singapore. This year, we have expanded our disclosures to include hotels wholly and majority owned (under operational control) by M&C Hotels New Zealand Limited (MCK).2 For more information on our TNFD report, please refer to CDL ISR 2025.
| 1 | Half of World’s GDP Moderately or Highly Dependent on Nature, Says New Report, World Economic Forum, 19 Jan 2020 |
| 2 | The contents of our TNFD Report are not part of the audit scope for this report |