NATURAL CAPITAL

WATER REDUCTION STRATEGY AND PERFORMANCE

Managing our water supply is critical as our core activities are water-intensive and highly dependent on a reliable supply of water. The Company adopts a holistic approach in maintaining and enhancing the efficiency, resilience and value of our assets with sound water management practices. This allows us to deliver both a reliable supply of water and cost savings to our homeowners and tenants.

Within our managed buildings, the Company draws both potable and NEWater (for non-potable use) from PUB’s utility network, for building operations and maintenance activities. For commercial buildings, water is utilised for cooling towers, toilets, pantries, water features, irrigation and washing activities. At our construction sites, potable water is used mostly by our contractors for sanitation purposes.

Water Reduction Initiatives

The Company monitors water consumption monthly and annually to detect any anomalies in water usage that may require attention, and identify buildings that may be heavy water consumers, respectively. To reduce reliance on potable water, the Company uses NEWater from Singapore for our operations, where possible.

To date, 100% of the Company’s managed buildings have been certified as “Water-Efficient Buildings” by PUB for outstanding water conservation efforts. Recognising that water conservation is a shared responsibility, the Company engages our tenants and homebuyers through initiatives such as our Green Lease Partnership Programme and Green Living Guide. These initiatives promote good water conservation practices that complement the Company’s water-efficient design and features in our buildings.

Water Efficiency and Reduction Performance

Holistic water management enhances the long-term value of our assets and developments. In light of this, we have continuously implemented water conservation initiatives and tracked our water performance since 2007. The Company achieved the 2024 CDP A List in “Water Security”, marking the sixth year of this recognition and an affirmation of our robust water management strategy. We also received the PUB’s ABC Waters Certification for Irwell Hill Residences, a certification given to recognise public agencies and private developers who embrace the ABC Waters concept and incorporate ABC Waters Design Features in their developments. To maintain our strong track record, we regularly review the water management plans for all our properties and introduce initiatives where areas for improvement are identified.

In 2024, water intensity at our corporate office and construction sites increased slightly due to a growth in headcount and expanded floor area under construction. Our managed buildings also experienced a slight increase in water use intensity due to increased footfall. Efforts are underway to optimise water usage.