Since 1999, the Company’s employee-led volunteering body, City Sunshine Club (CSC), has actively supported the less fortunate and underprivileged, and provided an avenue for the employees to give back to the society. CSC organises monthly food distribution drives and distributes household necessities to low-income elderly living in rental flats. During festive seasons, CSC collaborates with the North-West Community Development Council by distributing festive packs to families staying in oneroom rental flats and organising festive celebrations for terminally-ill patients and beneficiaries at Assisi Hospice and Arc Children’s Centre. In 2024, the Group’s employees achieved an overall participation rate of 58.7% and clocked over 1,300 volunteer manhours. Looking Ahead - Expanding Partnership to Restore and Revitalise Ecosystems CDL will continue to step up its sustainability strategy to tackle rising heat and enhance health and harmony with nature through mitigation and adaptation. First Singapore Company to launch its own SME Supplier Queen Bee Decarbonisation Programme To drive decarbonisation, businesses must engage and empower SMEs in their supply chains. In Singapore, SMEs contribute about 47% of GDP and 72% of employment.9 With the upcoming SGX RegCo mandatory requirement for larger listed companies to report on Scope 3 emissions, engaging and managing CDL’s suppliers and the SMEs in its value chain have become critical. In May 2024, the Company was the first real estate company to launch an inaugural SME Supplier Queen Bee Decarbonisation Programme in partnership with Enterprise Singapore (ESG) to accelerate capacity building in carbon accounting and management amongst SMEs. In collaboration with ESG-authorised training consultant Global Green Connect, DBS, CDP, and Singapore Business Federation, the programme aims to empower CDL’s selected 100 local SME suppliers to embark on their decarbonisation journey. At the end of 2024, it achieved close to 50% of its target and will continue working with its partners to advance these efforts. Singapore Sustainability Academy (SSA) and the SSA Annex – A Hub for Advocacy of Climate Action and Sustainable Development and Capacity Building Collective effort is key to driving impact and sustainability outcomes. In 2024, CDL further advanced its UN Sustainable Development Goals (SDGs)-aligned climate and nature-positivity advocacy through the SSA and the SSA Annex. In 2024, over 170 events with 8,680 attendees were hosted in total. These ranged from panel discussions to training events with Singapore Government representatives and esteemed institutions such as the World Wide Fund for Nature (WWF), Corporate Knights, Singapore Green Building Council and People’s Association. In line with CDL’s commitment to cultivate a sustainable mindset in our communities, the Company hosted some key initiatives, including the fifth “We Love Our Planet” Eco-Storytelling Contest, the 14th CDL-GCNS Youth SDG Leaders Award and the eighth edition of its flagship Youth4Climate Festival 2024. This was supported by an expanded network of eco-partners and in support of the Ministry of Sustainability and the Environment’s Go Green SG initiative. CDL was also honoured to turn a dream that started in 2020 into reality. The Company hosted and led-managed the “Hope and Harmony” event on 8 December 2024 in Singapore, bringing together two world-renowned conservation icons, Dr Jane Goodall and Dr Sylvia Earle, for their first joint dialogue in Asia. Attended by some 1,400 guests, the event raised greater awareness of their inspiring journeys in conserving biodiversity on land and in water for over six decades. Over $150,000 was raised to support the conservation efforts of Ocean Geographic and the Jane Goodall Institute (Singapore), CDL’s longtime partners since 2018 and 2019, respectively. CDL Green Gallery – Renewal of MOU for the Net-Zero Exhibition Space on Climate and Nature Staged from 23 June 2023 to 30 March 2024, CDL’s “Melting Ice, Sinking Cities: An Urgent Call to Change the Present and Save Humanity” exhibition showcased at its zero-energy CDL Green Gallery at the Singapore Botanic Gardens attracted around 30,000 local and overseas visitors. Building on this momentum, CDL launched the ‘We Love Our Planet’ exhibition on 9 December 2024 in partnership with 24 international and local organisations, including the NUS Centre for Nature-based Climate Solutions, Jane Goodall Institute (Singapore), Ocean Geographic and Animal Concerns Research and Education Society. This exhibition highlighted the indispensable role of nature and biodiversity in supporting ecosystem resilience and addressing the climate crisis. For more information, please refer to Chapter 4 of the CDL ISR 2025. 9 Trends for Singapore SMEs: Current Trends of 2024 and Growth Outlook, Paul Hype Page & Co, 13 November 2024 ANNUAL REPORT 2024 SUSTAINABILITY 57
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