SUSTAINABILITY BOARD STATEMENT Identification and Assessment of Climate-related Risks and Opportunities Addressing climate change is a strategic priority for CDL. The Group is committed to reducing greenhouse gas emissions across its entire value chain by integrating sustainability at every stage of development — from design and planning, to building and construction, to operations and asset management. This includes advancing green building innovation, increasing the adoption of renewable energy, improving energy and water efficiency, and implementing lower-carbon solutions across its portfolio. Taking reference from the ISSB, GRI, TCFD, SASB and CDSB frameworks, an independent consultant was engaged to conduct a study in 2024, involving internal and external key stakeholders across the Group’s value-chain to identify sustainability-related risks and opportunities (SROs), mapping them to the sustainability issues identified from the latest materiality assessment. Among the SROs identified, climate-related risks and opportunities (CROs) were deemed the most significant. The top three CROs were extracted and quantified to enable focused mitigation and adaptation. For more information on this, please refer to Chapter 1 of CDL ISR 2026. CDL FUTURE VALUE 2030 GOALS, TARGETS AND PROGRESS The CDL Future Value 2030 Sustainability Blueprint, established in 2017, outlines the Company’s ESG goals, including near and long-term net-zero targets in line with the SBTi. The Company’s key 2030 and interim annual goals, targets and progress are tracked and reported quarterly and annually. All target years are fiscal year-end. All reporting data is through fiscal year 2025 (31 December 2025), unless otherwise stated. For more information, please refer to the CDL Future Value 2030 Sustainability Blueprint in Chapter 2 of CDL ISR 2026. ENHANCING HUMAN AND SOCIAL IMPACT Human Capital As one of Singapore’s earliest corporate signatories to pledge support to the UN Global Compact (UNGC) since 2005, the Company has been upholding the principles on human rights and fair labour practices. In addition, it has been a signatory of the Employers’ Pledge of Fair Employment Practices with the Tripartite Alliance for Fair and Progressive Employment Practices since 2008. The Company is committed to empowering women in its workplace and supporting their pursuit of career and personal development. In 2017, CDL’s Group CEO, Mr Sherman Kwek, joined over 1,600 leaders globally in pledging the Company’s support for the Women’s Empowerment Principles, established by UNGC and UN Women. CDL has aligned to 15 out of 17 Sustainable Development Goals (SDG) since 2017, including SDGs 5 (Gender Equality), 8 (Decent Work and Economic Growth) and 16 (Peace, Justice and Strong Institutions). In addition, its ISR has been aligned with the GRI Human Rights and Labour Conditions Standards (2016) which include GRI 401: Employment; GRI 406: Nondiscrimination and GRI 409: Forced or Compulsory Labor. Occupational Health and Safety For over three decades, CDL has driven EHS excellence at its worksites and across its supply chain. The Company continues to be recognised as a long-serving bizSAFE mentor in 2024, a status reviewed every two years by the WSH Council. Some of the Company’s EHS-related achievements and initiatives include: • ISO 14001:2015 and ISO 45001:2018 Certifications: Retained across the Company's core operations, ensuring the continued effectiveness of our Environmental and Occupational Health and Safety Management Systems. • WSH Advocate: The first developer appointed by the Workplace Safety and Health (WSH) Council as a WSH Advocate to promote WSH excellence and influence contractors and Small Medium Enterprises (SMEs) to adopt robust WSH practices. • Launched CDL EHS Awards for Staff: A platform to recognise staff for EHS excellence across the Group since 2024. • Introduced "EHS Matters" on CityNexus: Empower everyone to actively contribute to shaping a safer, more sustainable CDL, ensuring a collective commitment to EHS. • Regular site visits by ExCo and senior management: Known as Gemba Walks, the site visits embrace a culture of safety and collaboration while ensuring leadership’s active involvement in reinforcing safety standards. • Conducted in-house Top Executive WSH Programme (TEWP): Facilitate the participation of the Board, ExCo, and key executives in strengthening leadership in WSH. The Company’s CDL 5-Star EHS Assessment, launched in the early 2000s, recognises and awards contractor companies that excel in EHS excellence and support workers’ welfare, as well as workers who exhibit good safety behaviour. The CDL 5-Star EHS Awards, which was launched in 2005, continues to recognise outstanding contributions of builders and workers in enhancing workplace safety and wellbeing. In 2025, CDL was awarded the WSH Developer Award 2025 marking its 13th win. CDL’s main contractors also achieved the Safety and Health Award Recognition for Projects (SHARP) 78 | CITY DEVELOPMENTS LIMITED
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