Left to right
CDL was recognised for its strong corporate culture of giving and was presented with the coveted Corporate Citizen Award by Mr Abdullah Tarmugi, Speaker of Parliament, at the Awards Ceremony.
At CDL’s 5-Star Environment, Health & Safety Award Presentation, exemplary contractors with consistently high 5-star audit scores were conferred the award.
|SETTING OUT OUR COMMITMENT
On behalf of the Board, I am pleased to present CDL’s
report on Corporate Social Responsibility (CSR), which shares
our commitment to our stakeholders and reviews our environmental
and social performance for 2006.
CDL has a formal risk management framework, established
since 2002, that enables significant business risks within
the Company’s property investment, development and
management arm to be identified, assessed, evaluated, monitored
and managed. These business risks are reviewed regularly
by the Board. For the first time, we have provided a
dedicated report detailing the Company’s risk assessment and
management for the year under review as set out on pages
44 and 45.
To instill a culture of business integrity and ethical values,
management and staff are required to comply with the Company’s
Code of Business and Ethical Conduct, which forbids
bribery, fraud and misappropriation of corporate funds, assets
or confidential information. We have recently implemented a
whistle-blowing policy where employees are encouraged to
raise their concerns over possible improprieties relating to accounting,
financial reporting, internal controls and auditing
matters. Anyone with such concerns may choose to remain
anonymous and raise it to the Audit Committee, who will
ensure that the issue is investigated and resolved. The Company
provides awareness training on its policy in whistleblowing
and procedures for all employees.
|OPEN COMMUNICATION WITH OUR INVESTORS
CDL continued to promote corporate transparency and
communication avenues with the investing community – providing
timely disclosure on the Group’s quarterly financial
performance and briefings to analysts, fund managers and
the media on the Group’s half-year and full-year results. For
the first time last year, we gave a presentation to our shareholders
during the Annual General Meeting to update them
on our corporate activities, business strategies and directions.
We intend to continue with this practice in future Annual
General Meetings. Top management also held frequent meetings
with analysts and fund managers and participated in
investor conferences, to address queries on the Group’s performance
Operating Responsibly for a Safe and
CDL has been vigilant about developing properties for a
safe, green and healthy lifestyle. Our Environmental Health and
Safety (EHS) management programme which includes independent
audits, helps us to monitor safety aspects of our operations
as well as the impact of our operations on the environment
using the 5-star Assessment System quarterly audits.
Safety at the worksites has always been a top priority in
our EHS policy. While safety can never be guaranteed, we
continually put in safeguards at the worksites to mitigate the
risk. In line with the corporate whistle-blowing policy, we
provide hotline numbers at our construction sites to facilitate
the reporting of worksite infringements. Towards this, CDL
was the only private property developer to receive the Developer
Award at the Ministry of Manpower (MOM) Workplace
Safety and Health Awards (WSH) 2006. This honour is conferred
to developers who actively contribute to promoting
occupational safety and health practices at the worksites and
for its effective management system and processes. Apart
from the Developer Award, CDL’s developments also clinched
six WSH awards given out by MOM.
For its exemplary efforts, CDL was the only Singapore company
to receive the international Gold Award at the RoSPA
Occupational Health and Safety Awards of the UK, the world’s
leading health and safety professional examining body. CDL
received the Silver Award in 2005.
In adopting safe and green practices, our developments
continue to receive prestigious industry awards such as the
Building and Construction Authority Green Mark Gold and
Green Mark GoldPLUS for developing environmentally-friendly
buildings as well as the International Federation of Landscape
Architects Award (IFLA) for Landscape Architecture for the design,
conservation and management of the environment. Our
residential properties, namely Savannah CondoPark, The Esparis
and Monterey Park were among the finalists in the “Excellence in Design Awards 2006” by the US-publication Environmental
Design + Construction Magazine.
|CSC staff volunteers celebrated Christmas with children from Assisi Home
& Hospice with a host of activities including the Duck Tour!
|INFLUENCING THE COMMUNITY
As a green property developer, we lead the way to influence
our stakeholders, which include architects, engineers
and contractors, to adopt best practices at the worksites. This
means constantly innovating and introducing eco-friendly design
features and construction methodologies to enhance
safety and also minimise environmental impact.
We ensure that our contractors and suppliers share the
same level of commitment and standards in EHS performance.
Through rigorous and stringent independent audits known as
the CDL 5-Star Assessment System held every quarter of the
year, CDL continually pushes for improvements in EHS standards
at its developments. The Company conducts training
and facilitates information sharing and peer learning to encourage
better EHS performances for the next review. CDL
also set up an EHS Excellence Award to recognise and reward
exemplary contractors with consistently high 5-Star audit
scores over a one-year period. Since the establishment of this
scheme in 2005, five of our contractors have received the
award for their efforts in promoting high standards of quality
and safety in our developments. I am pleased to report that
two of the contractors have clinched the only two Gold
Awards given to the construction industry at the national Annual
Safety and Health Performance Awards. Our influence
and commitment on raising EHS standards have motivated
our consultants to set up their very own EHS Management
System. To-date, more than 50% of them have obtained ISO
14001 and OHSAS 18001 certification.
CDL continues its support for Project Eco-Office, an outreach
programme with the Singapore Environment Council to
encourage more companies to go green. Among its programmes
is the On-Line Eco-Office Rating System to help
offices perform a self-audit based on their corporate environmental
policies and management systems. Offices that rate
well will undergo an on-site audit check and can apply for the
coveted Green Office Label. CDL was among the pioneer four
organisations in Singapore to secure the green office certification
in 2005 which included government agencies like National Environment Agency and Ministry of Environment,
Water and Resources. In 2006, another four more organisations
were welcomed into the Green Office Label circle, including
the British High Commission to serve as role models
to champion the work green movement.
We have established a complimentary and permanent recycling
scheme to encourage tenants and homeowners to recycle
waste. 16 commercial developments and over 2,000 households
are participating in this programme. Average tenant participation
was 88%, an increase of 20% from 2005. We expect to
reach out to a further 228 households by end 2007 with the
completion of two new developments. As one of the good
practices in maintaining operational efficiency of our major commercial
buildings, we monitor and review the monthly energy
and water consumption of both landlord and tenants. We highlight
to tenants any abnormal consumption trends and work
closely with them to improve their consumption efficiency.
Enriching the Workplace
CDL has various policies and practices in place to help
create a conducive work environment for our employees. We
welcome diverse people in terms of background, age and
religion and offer an environment for employees to feel included
as part of the organisation. We provide opportunities
for learning and self-development and continually seek ways
to advance worklife harmony for a motivated and engaged
workforce. More information can be obtained in our Human
Resource Review on page 43.
|A HEART FOR THE COMMUNITY
Giving back to the community has always been a key guiding
principle at CDL. We contribute actively and widely to
various causes for the environment, the arts, youth development
and the less fortunate.
Caring for the Environment
CDL has been supporting on-going Green projects such
as the Green Partnership Programme with the Singapore
Environment Council, Nature Society’s official publication “Nature
Watch”, as well as the China Exploration & Research Society
in its exploration, research and conservation activities.
|Left to right
City Square Residences, one of the two CDL projects awarded a Green
Mark GoldPLUS by BCA.
The Reed Sculpture by Peter Chen, the winner of the inaugural CDL
Singapore Sculpture Award, was unveiled. It is located along the
Singapore River, next to The Pier at Robertson.
Our “Beauty of Nature” corporate calendar series, which
celebrated its tenth year, highlighted the importance of environmental
conservation. The calendars, distributed to business
associates and employees, serve as a daily reminder that nature
and its inhabitants are ours to protect. In celebration of the
inaugural Singapore Garden Festival, I was glad to have contributed
12 photographs from my photo exhibition on nature for
an auction. It raised $80,000 for the Garden City Fund which
finances programmes such as conservation, outreach, education,
research and infrastructure that facilitate the continued
growth and development of the nation as a Garden City.
Promoting Art and Culture
In promoting the appreciation of arts, we are pleased to
report that the winning work of the inaugural CDL Singapore
Sculpture Award was produced and installed along the Singapore
River, next to The Pier at Robertson, as a full-sized
sculpture for the public to enjoy and appreciate. Our commitment
to present and maintain this sculpture as a public art
was made in conjunction with the National Heritage Board’s
Public Art Tax Incentive Scheme. We will be commissioning
the winning sculpture of the 2nd Award for the upcoming
urban park at CDL’s City Square Mall.
CDL co-sponsored the Modern Art Society’s 21st Asian
International Art Exhibition which promoted Asian identity
through the arts and showcased more than 178 paintings,
sculptures, digital photographs and video works by significant
artists in 13 Asian countries and regions.
Nurturing the Young
The future belongs to the youth of today. Hence, youth
development is an area of keen interest. We continue to invest
and enrich the lives of young Singaporeans. Last year, we
continued our long-standing support for the good work by
National Youth Achievement Award (NYAA) Council. We also
supported the Boy’s Brigade’s “BB Cares” programme which
inculcates community service and volunteerism among the
youth. We initiated the CDL Young Architectural Photographer
Award to inspire young photographers to further develop
their skills and talent in the area of architectural photography.
To be held biennially, this award provides our youth with the opportunity to showcase their talent and to further
develop their skill sets and interest.
Improving the Lives of the Less Fortunate
In addition to monetary contributions, we offer our time
and talent to create effective and sustainable programmes for
our community partners. Through our employee volunteer
programme, City Sunshine Club, we facilitated and encouraged
employees and their families to volunteer their time to
improve the lives of the community. Our programmes included
visiting and befriending the lonely elderly, mentoring
children-at-risk of delinquency, and organising festive and
social outings for the less fortunate.
As a long time supporter of Assisi Hospice, we celebrated
the year-end festivities with the patients in a meaningful and
heartwarming way. Our staff volunteers rolled out fun-filled
activities and excursions for the children as well as decked the
Hospice with handmade Christmas decorations assiduously
designed and created during their personal time. We also
enlisted the help of our contractor and paint supplier in a joint
community effort to brighten up the Hospice’s day centre
with a fresh coat of paint.
The strong corporate culture of giving, coupled with the
active involvement of our people in community work over the
years, has helped the Company achieve the coveted Corporate
Citizen Award, conferred by the National Volunteer &
Philanthropy Centre in 2006. We are very honoured and encouraged
by this recognition, as CDL was the first local-based
company to win this pinnacle community award which has
mainly been awarded to multi-national corporations.
I hope this CSR report will provide a clear picture of what
we do. As our CSR journey continues, we intend to refine and
improve on our programmes to strengthen relationships with
our community partners and reinforce business sustainability.
|KWEK LENG JOO