Deputy chairman’s message

This is CDL’s seventh Sustainability Report. It replaces the CDL Sustainability Report 2013 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.

This report contains data from 01 January to 31 December 2013 and covers CDL’s Singapore operations. It focuses on our principal 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 2013. This report is presented in Singapore dollars, which is the Company’s functional currency.

Millennium & Copthorne Hotels plc (M&C), in which CDL has a 59%1 interest, has its own Board of Directors that oversees its policies and operations. The Board has adopted a number of policies, collectively referred to as Responsible Hospitality, which are designed to recognise M&C’s wider impact on the communities in which it operates. M&C reports on its CSR activities in its Annual Report which is available online at www.millenniumhotels.com.

CDL voluntarily discloses the information as the Company believes in upholding the principles of corporate transparency, disclosure and communication with our stakeholders. Any variance in data from the CDL Annual Report 2013 is due to updates following the external assurance of this Sustainability Report. For additional information on the Company’s comprehensive initiatives on sustainability, please refer to our website www.cdl.com.sg.

Report content

In each reporting cycle, CDL’s 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.

Other operational committees oversee existing management systems such as ISO 14001 Environmental Management System and Singapore Quality Class. They establish, track and disclose relevant targets and key performance indicators within this Sustainability Report.

CDL’s report continues to integrate ISO 26000:2010 Guidance on social responsibility and the Company actively promotes compliance with internationally adopted standards and regulations in the fields of occupational standards, environmental protection and the fight against corruption.

Reporting boundaries and standards

This report is aligned with the Global Reporting Initiative (GRI G3.1) Sustainability Reporting Guidelines and the Construction & Real Estate Sector Supplement (CRESS), achieving Application Level A+. The GRI Content Index is available here.

Since 2005, CDL has been a signatory to the United Nations Global Compact and we are committed to its 10 principles. Our annual Sustainability Report also serves as our Communication on Progress (COP) and we have addressed our progress in the areas of human rights, labour, environment and anti-corruption, which is available at www.unglobalcompact.org.

Our carbon footprint is calculated in accordance with the World Business Council for Sustainable Development and World Resources Institute’s (WBCSD / WRI) ‘The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard’ (GHG Protocol).

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 or controlled by the company such as fuel used in generators.
  • Scope 2 — GHG emissions from the generation of purchased electricity.
  • Scope 3 — Indirect emissions such as from business travel.

We use an operational consolidation approach to determine organisational boundaries. For example, our carbon and energy data include only the usage impacts. Data is consolidated from a number of sources, including our project sites and investment buildings, 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 in order to improve the management of our data and to achieve more consistent reporting for accountability.

Assurance

The CDL Sustainability Report 2014 continues to be externally assured to validate the accuracy and reliability of the content. Ernst & Young LLP (EY) was engaged to provide independent limited assurance of this Report. The assurance covered figures and statements found in the report that are related to the Subject Matters agreed as per the Assurance Statement. EY reviewed the underlying systems and processes that support the Subject Matters in the Sustainability Report. The assurance is in accordance with ISAE 3000, ‘Assurance Engagements Other than Audits or Reviews of Historical Financial Information’. The assurance, including the scope of work and conclusions, can be found in the Assurance Statement.

Accessibility

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

Feedback channel

Feedback from our valued stakeholders is vital to allow us to continually improve our CSR practices. We welcome your views, comments or feedback, which may be directed to:

Ms Esther An
Chief Sustainability Officer

City Developments Limited
9 Raffles Place
#36-00 Republic Plaza
Singapore 048619
Republic of Singapore
Email: csrenquiries@cdl.com.sg

 
1 As at 27 Feburary 2014