EXECUTIVE CHAIRMAN STATEMENT

Dear Stakeholders,

As a pioneering adopter of sustainability since 1995 with our first dedicated Social and Environment Report published in 2008, CDL is fully supportive of the Singapore Exchange’s plan to implement the “comply or explain” approach towards sustainability reporting in 2017.

Having celebrated two decades of our CSR journey in 2015, CDL has stepped up our focus towards “Creating Future Value”. In line with this emphasis on value creation, we became the first property developer in Singapore to adopt the International Integrated Reporting Council’s (IIRC) Integrated Reporting < IR > approach for our Sustainability Report last year.

This Report continues to embrace the IR approach to connect CDL’s social and environmental performance with business and financial impact for a more meaningful and all-rounded corporate reporting.

Testament to our sustainability efforts, CDL was ranked the Top Real Estate Company and Top 10 in the prestigious Global 100 Most Sustainable Corporations in the World in 2016. In 2014 and 2015, CDL was Asia’s Top Property Developer and Top Singapore Company in the Channel NewsAsia Sustainability Ranking. The Company also remains the first Singapore corporation to be listed on three of the world’s leading sustainability benchmarks – FTSE4Good Index Series (since 2002), Global 100 Most Sustainable Corporations in the World (since 2010) and Dow Jones Sustainability Indices (since 2011).

In 2015, CDL mourned the sudden passing of our Deputy Chairman, Mr Kwek Leng Joo, who was also Chairman of the CSR and Corporate Governance (CG) Committee. A dedicated advocate of CSR for over two decades, Mr Kwek’s vision of ‘Conserving as we Construct’ established CDL’s reputation as a leading green building champion and forerunner in CSR, raising the bar for Singapore’s real estate industry and driving change for the building sector. His pioneering green efforts have helped to place CDL and Singapore on the global map of sustainability.


As a pioneering adopter of sustainability since 1995 with our first dedicated (Global Reporting Initiative) GRIchecked CSR Report published in 2008, CDL is fully supportive of the Singapore Exchange’s plan to implement the “comply or explain” approach towards sustainability reporting in 2017.

The Board remains committed to building upon these achievements and advancing CDL’s sustainability efforts. In February 2016, the Board welcomed Mr Eric Chan as Chairman of the CSR and CG Committee, in addition to his role as Chairman of the Audit and Risk Committee as well as the Remuneration Committee. Mr Chan’s expertise and extensive experience will no doubt be invaluable as we continue to strive forward in our sustainability journey.

Since January 2016, the sustainability function and company-wide CSR committee comes under the direct supervision of the Chief Executive Officer. This demonstrates CDL’s continued leadership commitment to sustainable practices and our strategic approach to integrating sustainability in all aspects of our business and operations.

Kwek Leng Beng
Executive Chairman