This is CDL's sixth Sustainability Report. It replaces CDL's 2012 Sustainability Report as the company's latest annual publication dedicated to providing financial, social and environmental information and data on Corporate Social Responsibility (CSR) activities and performance pertinent to CDL's business in 2012.

This report contains a full year's data from 1 January to 31 December 2012 and covers CDL's Singapore operations. It focuses on our principle business as a property developer comprising operational functions such as project development, property and facilities management of both residential as well as commercial developments in Singapore. It also includes some illustrative case studies and business activities from 2012. This report is presented in Singapore dollars, which is the Company's functional currency.

Millennium & Copthorne Hotels plc (M&C), of which CDL has a 55% interest in, has its own Board of Directors that oversees its policies and operations. M&C reports on their CSR activities in their Annual Report which is available online at www.millenniumhotels.com. It comprises CSR issues pertinent to their business including Responsible Hospitality, Responsibility to Employees, Responsibility to the Environment and Responsibility to the Community.

CDL is voluntarily disclosing this information as the Company believes in upholding the principles of corporate transparency, disclosure and communication with our stakeholders. For additional information on CDL's CSR initiatives and further resources, please refer to our website www.cdl.com.sg.

REPORT CONTENT

In each reporting cycle, the CDL CSR Committee reviews the content of the report to determine its relevance to our business as well as to ensure that current and emerging material issues of significance pertaining to sustainability and the interests of our stakeholders are addressed. Besides the Board, various Board Committees and the CSR Committee that determine material issues of the Company, operationally, the Company also has various other existing management systems such as ISO 14001 Environmental Management System and Singapore Quality Class. Through these working groups, relevant targets and key performance indicators are established, tracked and disclosed within this Sustainability Report. CDL's report continues to integrate ISO 26000:2010 Guidance on social responsibility and the Company is pleased to state that it has included significant information in the areas of the environment, human rights, labour practices, product responsibility and society.

REPORTING BOUNDARIES AND STANDARDS

The Global Reporting Initiative (GRI) Reporting Framework including the GRI Sustainability Reporting Guidelines Version 3.1 and the Construction & Real Estate Sector Supplement have been used to prepare this report. Based on the GRI Application Level Criteria for reporting, the CDL Sustainability Report 2013 is a Level A+ report which has been verified by GRI. CDL has also taken the initiative to integrate ISO 26000 into our CSR strategies which has been included in this report.

CDL continues to support the UN Global Compact and its 10 principles, and we have addressed the areas of human rights, labour, environment and anti-corruption and our progress in these areas. More information about our sustainability reporting including the GRI Content Index and UN Global Compact Index is available online at www.cdl.com.sg/sustainabilityreport2013.

Our carbon footprint is calculated in accordance with the World Business Council for Sustainable Development and World Resources Institute's (WBCSD/WRI) Greenhouse Gas (GHG) Protocol; a Corporate Accounting and Reporting Standard. This protocol is considered current best practice for corporate or organisational emissions reporting, and we measure our emissions in three 'scopes':

  • Scope 1 — direct GHG emissions from sources that are owned such as company owned vehicles.
  • Scope 2 — GHG emissions from the generation of purchased electricity.
  • Scope 3 — indirect emissions such as our business travel.

We use an operational consolidation approach to determine organisational boundaries. For example, our carbon and energy data includes only the distribution impacts. Data is consolidated from a number of sources, including our project sites and fuel use information, and is analysed centrally. Our baseline year is 2007 and our emissions are independent of any GHG trades.

For this report, there were no significant changes to the measuring methods applied. Increasing the scope of data collection and compiling more comprehensive data on the environmental and social performance of CDL's business operations in Singapore remains a priority to improve the management of our data and to achieve more consistent reporting for accountability.

ASSURANCE

For the fifth year, the CDL Sustainability Report 2013 has been externally assured to validate the accuracy and reliability of the content. The assurance engagement was conducted by Ere-S, a CSR consulting company, and it covered all figures and statements found in the report that are related to sustainability performance. Ere-S reviewed all underlying systems and processes that support the Sustainability Report based on the AA1000 Assurance Standard. The audit report, including the findings, are summarised in the Independent Assurance Statement.

ACCESSIBILITY

CDL continues to print only limited copies of our report as part of our environmental conservation efforts. Current and previous editions of the reports are available online at www.cdl.com.sg.

GRI Application Level Check Statement

Independent Assurance Statement