the Mobile Safety App and Tree Tilt sensors, to further improve workplace safety. CDL has also introduced various initiatives since the early 2000s to enhance safety and productivity. For more information, please refer to Chapter 4 of the CDL ISR 2025. Job Creation and Employment As of 31 December 2024, CDL Group has a total of 8,354 employees for its operations across the Group, including Singapore operations (Tower Club, Le Grove, City Serviced Offices) and key subsidiaries CBM Pte Ltd and M&C Hotels Limited. Employee Retention The Group’s employee turnover rate is 37.6%, with a breakdown of voluntary turnover rate of 32.4% and involuntary turnover rate of 5.3%. Training and Development In 2024, CDL Group invested over $1.4 million7 in training and development for its employees globally. More than 148,300 training hours, or an average of almost three training days per staff were achieved. To build up human capital, the Company launched several companywide training programmes. In 2024, the Company conducted over 15 workshops covering topics relating to communication and collaboration, sustainability, occupational health and safety, mental wellness, personal effectiveness, innovation and leadership. Diversity and Inclusion Diversity, Equity, and Inclusion (DEI) practices are crucial to ensure a diverse range of perspectives, enhance employee engagement and foster innovation. At CDL Group, women make up a significant 44% of its global workforce, representing 36% of its HODs. At the Company’s corporate office, women comprise 68% of its workforce and 45% of its HODs. The Group also has a diversified workforce across all age groups. Gender Diversity across the Group Female Male Total Full-time Employees 2,889 4,037 6,926 Part-time Employees 634 420 1,054 HODs 160 279 439 Employee Categories across the Group Mean Salary of Female Employees to Male Employees (%)8 Executive 101% Non-management 106% Management 103% Community Investments and Active Stakeholder Engagement The Company’s community outreach initiatives are aligned with SDG 11 (Sustainable Cities and Communities) and SDG 17 (Partnerships for the Goals). The Company has been actively initiating and providing support to programmes that deliver lasting and positive impact, focusing on these key areas: • Thought Leadership on Climate Action and Sustainable Development • Women Empowerment • Youth Engagement and Development • Community Education and Outreach • Charity Initiatives 7 Cost and training hours exclude M&C (United States) data. 8 Calculated as the mean salary of female employees over the mean salary of male employees. Executives: Executives to Assistant Vice Presidents, and secretaries; non-management: officer grades and below; Management: Vice Presidents and above. Total Turnover Rate Voluntary Turnover Rate Employee Turnover Rate (%) across CDL Group 2020 2021 2022 2023 2024 37.6 32.4 42.3 42.8 39.4 27.7 80 60 40 20 0 Total Number of Employees across CDL Group 2020 2021 2022 2023 2024 8,354 8,083 7,352 5,814 5,901 SUSTAINABILITY BOARD STATEMENT 53.7 50.7 43.9 60.1 SUSTAINABILITY CITY DEVELOPMENTS LIMITED 56
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