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 SBTi. The Company’s key 2030 and interim annual goals, targets and progress are tracked and reported quarterly and annually. All target years follow the fiscal year-end, and the reporting data is up to 31 December 2024, unless otherwise stated. For more information, please refer to the CDL Future Value 2030 Sustainability Blueprint in Chapter 2 of the CDL ISR 2025. ADVANCING GREEN BUILDING, DECARBONISATION AND ENVIRONMENTAL PERFORMANCE As part of its net-zero commitment, the Company has implemented a comprehensive framework to minimise its environmental footprint. As part of the Sustainability Committee which oversees environmental stewardship, the Environment Sub-Committee focuses on identifying and mitigating significant environmental impacts across corporate operations, property development, asset management, and subsidiaries including hotels and facilities management. Key environmental metrics such as carbon emissions, energy consumption, water usage, waste management, and resource utilisation are closely monitored to ensure accountability and drive continuous improvement toward net-zero goals. The relevant charts detail the Company’s environmental performance of its operations in Singapore excluding hotel properties, unless otherwise stated. Please refer to the CDL ISR 2025 for all relevant charts. ENHANCING HUMAN AND SOCIAL IMPACT Human Capital As an affirmation of the Company’s proactive human resource policies and practices, it received silver awards for Employee Experience and Well-being as well as for Workplace Culture and Engagement by the Singapore Human Resource Institute. 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 labour in its 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. Occupational Health and Safety For over three decades, CDL has driven Environment, Health and Safety (EHS) excellence at its worksites and across its supply chain. The Company continues to be recognised as a long-serving bizSAFE Mentor in 2024. Some of the Company’s EHS-related achievements include: • ISO 14001 and ISO 45001 Certifications: Retained across our core operations, ensuring the continued effectiveness of our Environmental and Occupational Health and Safety Management Systems • WSH Advocate: The only developer appointed by the Workplace Safety and Health (WSH) Council as a WSH Advocate to promote WSH excellence and influence contractors and Small and Medium Enterprises (SMEs) to adopt robust WSH practices • Launched CDL EHS Awards for Staff: Empowering staff to adopt EHS practices while recognising excellence across the Group • Introduced “EHS Matters” on CityNexus App: Empowering staff to help shape a safer CDL through feedback and suggestions • Regular site visits by ExCo and senior management: Embracing a culture of safety and collaboration while ensuring leadership’s active involvement in reinforcing safety standards • Conducted in-house Top Executive WSH Programme (TEWP): Facilitating the participation of the Board, ExCo, and key executives in strengthening WSH knowledge and leadership 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. CDL’s main contractors also achieved the Safety and Health Award Recognition for Projects (SHARP) for Lumina Grand, Copen Grand and Tembusu Grand. Similar practices are implemented at CDL’s subsidiary, CBM Pte Ltd, which invests in WSH technologies such as ANNUAL REPORT 2024 SUSTAINABILITY 55
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