NATURAL CAPITAL

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. In 2025, we have expanded our disclosures to include hotels wholly and majority owned (under operational control) by M&C Hotels New Zealand Limited (MCK), and this 2026 TNFD Report we extended our coverage to our wholly-managed hotels and offices in the United Kingdom (UK)², scaling nature-related assessments across a broader global footprint, including ecologically sensitive and highly regulated environments. For more information on our TNFD report, please refer to CDL ISR 2026.

Embedding Nature in Urban Development

CDL leverages Singapore’s Landscape Replacement Areas (LRA) framework to integrate biodiversity, native greenery and ecological connectivity into dense urban developments. Under LRA requirements, new developments replace displaced greenery through landscaped features such as sky terraces, vertical greenery and soft planting, enabling the reintroduction of nature within the built environment.

Across our projects, including Irwell Hill Residences and Piermont Grand, CDL incorporates extensive greenery, conserves mature trees where feasible, and adopts biophilic design principles to enhance habitat value while improving liveability for residents.

We have also established long-standing practices to manage site-specific nature impacts. Since 2010, for greenfield developments in Singapore located within or adjacent to ecologically sensitive areas, we have voluntarily conducted Biodiversity Impact Assessments (BIA) prior to construction and implemented mitigation measures where necessary. For new projects secured in 2025, all sites are Government Land Sales (GLS) sites, where existing vegetation has already been cleared by relevant authorities prior to tender. These sites are not located near nature reserves or designated nature areas and therefore do not require BIA. Across these developments, 100% of landscaping shall utilise native and/or non-invasive species, as specified by independent landscape consultants, supporting ecological resilience and reducing risks of invasive species.