OVER 20 YEARS OF VALUE CREATION

For more than two decades, CDL has championed groundbreaking innovations and set new sustainability benchmarks to deliver a positive impact for our business, the community and the environment. In the next lap of our sustainability journey, we aim to create greater value for our brand, business and stakeholders as well as enhance the marketability of our products, in addition to creating enduring societal benefits.

INTEGRATED CSR VISION INTO CDL’S CORPORATE VISION AND MISSION

1995:

  • Established CSR-centric vision and adopted business model of “Conserving as we Construct”

1996:

  • First developer in Singapore to launch a corporate website – a milestone to connect with global stakeholders

1998:

  • First developer in Singapore to install energy-saving lifts in a residential development – The Florida Executive Condominium

1999:

  • Established City Sunshine Club (CSC), CDL’s employee volunteer programme

ALIGNED CSR INITIATIVES WITH GLOBAL BENCHMARKS AND CHAMPIONED STAKEHOLDER ENGAGEMENT

2001:

  • First private developer to structure a comprehensive, audited and appraised approach towards Environmental, Health and Safety (EHS) by pioneering the CDL 5-Star EHS Assessment System for builders

2002:

  • Pioneered Singapore’s first major office greening programme, Project: Eco-Office, with Singapore Environment Council
  • Launched Singapore’s first Eco-Condominium, Savannah CondoPark

2003:

  • First private property developer in Singapore to receive ISO 14001 Environmental Management System and OHSAS 18001 Occupational Health and Safety System certifications

2004:

  • Pioneered “Let’s Live Green!” eco-outreach programme for CDL homeowners

STRENGTHENED COMMITMENT TO EHS, GREEN BUILDING AND INNOVATION

2005:

  • Became signatory to the United Nations Global Compact and founding member of Singapore Compact for CSR
  • Launched the CDL 5-Star EHS Awards to recognise builders that excelled in the 5-Star EHS Assessment System

2008:

  • Published Singapore’s first Global Reporting Initiative (GRI)-checked Social and Environment Report

2009:

  • Launched the first CarbonNeutral®development in Singapore and Asia Pacific, 11 Tampines Concourse
  • Launched Singapore’s First Eco-mall, City Square Mall
  • Launched 7 & 9 Tampines Grande, which embraces one of the largest and most extensive use of solar technology in a commercial property in Singapore

RAISED THE BAR FOR CSR AND RIGOROUS SUSTAINABILITY REPORTING FOR TRANSPARENT DISCLOSURE

2012:

  • First Singapore property developer to publish a GRI-checked Level A+ Sustainability Report
  • Launched the first Singapore landed housing development with a solar energy system in each unit, HAUS@SERANGOON GARDEN

2013:

  • Built My Tree House – World’s 1st Green Library for Kids, and Singapore’s first zero energy green gallery, CDL Green Gallery @ Singapore Botanic Gardens Heritage Museum
  • D’Nest condominium entered Singapore Book of Records for the “Largest Solar Panels in a Condominium”

2014:

  • Tree House condominium achieved Guinness World Record for largest vertical garden
  • First developer in Asia to adopt Prefabricated Prefinished Volumetric Construction (PPVC) for
    a large-scale residential development
  • First developer in Singapore to achieve the
    ISO 50001 Energy Management System (EnMS) certification
  • Celebrated 10th anniversary of CDL 5-Star EHS Awards

CREATING FUTURE VALUE

2015:

  • First Singapore private developer to adopt International Integrated Reporting Council’s Integrated Reporting framework for sustainability reporting
  • Adopted GRI G4 guidelines for sustainability reporting
  • Formalised and published a dedicated Climate Change Policy
  • Sole winner of the inaugural BCA Green Mark Pearl Prestige Award

2016:

  • Formulated a partnership with National University of Singapore (NUS) for two new research laboratories — NUS-CDL Smart Green Home and NUS-CDL T2 Lab
  • First property developer in Singapore to achieve the ISO 14064-1 assurance in GHG emissions reporting
  • Among the first in Singapore to align our material ESG issues with UN SDGs
  • Published an enhanced Human Rights Policy

2017:

  • Introduced CDL Future Value 2030 sustainability blueprint
  • First Singapore company to adopt the GRI Standards for sustainability reporting
  • Established a dedicated sustainability website
  • Issued the first Green Bond by a listed Singapore company
  • Opened the Singapore Sustainability Academy – the first major cross-sectoral partnership for sustainable development
  • Voluntarily published a sustainability quarterly report

2018:

  • First real estate development and management company to be included in the inaugural sector-neutral Bloomberg Gender Equality Index 2018
  • Published climate-related financial disclosure as recommended by the Task Force on Climate-related Financial Disclosures (TCFD)
  • Commenced and completed Phase 1 of climate change scenario analysis as recommended by the TCFD
  • Aligned to 13 relevant UN SDGs
  • Pioneered adoption of Renewable Energy Certificates through a blockchain-enabled platform in Singapore
  • S$100 million inaugural Green Bond fully-allocated

2019:

  • Top real estate company in the world on 2020 Global 100 Most Sustainable Corporations in the World
  • Only company in Southeast Asia and Hong Kong to score double “A”s by CDP for both climate change and water security
  • Amongst pioneer batch of 87 global companies pledged to support UNGC’s Business Ambition for 1.5°C
  • Completed 2nd Climate Change Scenario Planning based on TCFD recommendations – Raised the bar to 1.5°C and 2°C warmer scenarios with expanded scope
  • Aligned to 14 relevant UN SDGs
  • Secured S$250m SDG Innovation Loan and S$500m Green Loans for new developments

ADVANCING CHANGE RESILIENCE

2020:

  • Expanded CDL’s unique blended reporting frameworks with supplementary TCFD and SASB disclosures, in addition to GRI, IIRC and CDSB standards and framework
  • Pledged net zero operational carbon by 2030 through the signing of WorldGBC’s Net Zero Carbon Buildings Commitment
  • Secured over S$2.5 billion of sustainable financing since 2017
  • Achieved 44% reduction in carbon emissions intensity against 2007 levels
  • Over S$30 million in energy savings from energy-efficient retrofitting and initiatives across all its commercial buildings from 2012 to 2020

2021:

  • One of 44 signatories globally to pledge to WorldGBC’s Net Zero Carbon Buildings Commitment covering whole life carbon
  • Raised Scope 1 and 2 carbon emissions intensity reduction target to 63% from new baseline year 2016, validated by Science Based Targets initiative
  • Secured over S$3 billion of sustainable financing since 2017
  • Achieved 42% reduction in carbon emissions intensity from 2007 levels
  • Over S$34 million in energy savings from energy-efficient retrofitting and initiatives across all its commercial buildings from 2012 to 2021

2022:

  • Pledged to support COP27 Action Declaration by Corporate Knights and the Global 100 Council to strengthen climate policy engagement
  • Stepped up on operationalizing and tracking carbon reduction performance for Scope 1, 2, and 3 carbon emissions against SBTi-validated GHG emissions intensity reduction targets aligned with 1.5°C warmer scenario
  • Completed third Climate Change Scenario Study ​
  • Secured over S$3billion of sustainable financing since 2017 and renewed its S$250 million SDG Innovation Loan, secured in 2019
  • Achieved 24% reduction in carbon emissions intensity from 2016 levels​
  • Over S$38 million in energy savings from energy-efficient retrofitting and initiatives across all its commercial buildings from 2012 to 2022​​

2023:

  • First in Singapore to publish Taskforce on Nature-related Financial Disclosures (TNFD); aligning with Target 15 of the Kunming-Montreal Global Biodiversity Framework 
  • Conducted International Sustainability Standards Board (ISSB) Standards gap analysis; expanded disclosures in CDL ISR 2024 to include Group data for full alignment by FY 2025
  • First corporate to secure the OCBC 1.5°C sustainability-linked loan, Singapore’s first net zero-aligned loan