WASTE MANAGEMENT STRATEGY AND PERFORMANCE
The Company continuously invests, innovates and adopts leading-edge technology such as PPVC to significantly reduce construction waste. As a real estate developer and asset manager, a majority of our waste is generated by our contractors and tenants. Waste from both construction sites and managed buildings are disposed in accordance with local waste regulations.1
We engage NEA-licensed vendors to collect, treat and recycle waste from our managed buildings and construction sites.2 We target to reduce our waste intensity by 8% (from 2016 levels) for office and industrial buildings and 5% (from 2016 levels) for retail buildings by 2030. We also intend to cap the waste intensity from our construction sites at 40 kg/m2 by 2030.
Waste Reduction Performance
In line with the principles of circular economy, our holistic EHS management system framework ensures regular review of our waste minimisation efforts and recycling initiatives across all our properties.
In 2024, general, non-hazardous waste generation remained consistent for our corporate office and managed buildings, compared to 2023, due to the stabilisation of office and retail operations.
Since 2017, we have engaged tenants across all managed buildings to participate in our paper recycling programme. At our retail properties, recycling bins and facilities are provided to encourage the recycling of paper, plastic and metal by shoppers and tenants. In 2024, we collected a total of 476 tonnes of recyclable waste, of which 7.9 tonnes were attributed to food waste composted. At City Square Mall, we achieved a 22% recycling rate which is above the national rate of 12% for large malls.3
In 2024, construction waste disposed at all the Company’s active construction sites amounted to 2,875 tonnes, with a waste intensity of 26.0 kg/m2. This is higher than the waste intensity in 2023 due to the progression of construction sites into predominantly structural and interior works. Amongst the waste recycled by CDL’s construction sites in 2024, 14% was steel and the remaining was mixed construction waste.
| Note: | |
| • | Waste generated is based on the weight of waste that the Company directs to recovery and disposal. |
| • | Waste tonnage reported is based on information provided by engaged waste collectors and recyclers. Should information be unavailable, the tonnage of general and recyclable waste is estimated based on data extrapolation from one week of weighing, or as advised by the waste collector. |
| • | Waste intensity figures for the Company’s active construction sites are for incinerated waste. |
| 1 | General waste is sent to the waste-to-energy incineration plant, where energy is generated. The resulting incinerated ash is then transported to our only landfill, Semakau Island, for disposal |
| 2 | The Company generates negligible hazardous waste from our operations |
| 3 | The latest publicly available recycling rate for large malls in Singapore is 12.1% in 2023 as per NEA reported findings from the 2023 Mandatory Waste Reporting |