Cdl Future Value 2030

VALUE CREATION SUSTAINED GROWTH RISK MANAGEMENT PRODUCTIVITY CDL INNOVATION FUTURE VALUE 2030 RESOURCE EFFICIENCY INTEGRATED SUSTAINABILITY REPORT 2017 CITY DEVELOPMENTS LIMITED CDL INTEGRATED SUSTAINABILITY REPORT 2017 CONTENTS CDL Future Value 2030 01 BUILDING A SUSTAINABLE CDL at a Glance 02 ENVIRONMENT About CDL 03 Natural Capital 43 Chairman Statement 04 • Lifecycle Approach • Environmental Conservation CEO Statement 05 • Sustainable Resource Management • Climate Change and Emissions INTEGRATED STRATEGY FOR • Energy Management and Efficiency VALUE CREATION • Water Management and Quality Leadership Commitment • Investment in Environmental Protection to Sustainability 11 • Environmental Compliance CDL’s Value Creation Model 12 Performance Highlights in 2016 14 BUILDING GREEN CDL Future Value 2030: INFRASTRUCTURE ESG Goals and Targets 15 Manufactured Capital 59 Our Approach to Materiality 16 • Green Buildings Our ESG Risks and Opportunities 20 • Green Lease and Tenant Engagement • Uncompromised Quality and Standards Report Period and Scope 22 • Safe and Healthy Spaces BUILDING FUTURE VALUE • Sustainable Building Innovations • Social Inclusion Through Financial Capital 25 Universal Design • Market Review and Performance • BCA Green Mark Awards (2005 to 2016) • Key Financial Information • Prudent Capital Management and BUILDING OUR PEOPLE Sustainable Dividend Policy Human Capital 67 • Capital Management • Health and Safety • Acquisitions and Expansion • Job Creation and Employment • Funds Management • Benefits and Welfare BUILDING A RESILIENT • Fair Remuneration ORGANISATION BUILDING OUR COMMUNITIES Organisational Capital 31 Social and Relationship Capital 73 • Strong Leadership and Management • Stakeholder Issues of Interest • Corporate Governance • Stakeholder Engagement: Employees, • Corporate Values and Conduct Customers, Builders and Suppliers, of Business Investors and Media, Government • Risk Management Agencies and Regulators, Our Community • Brand and Reputation ISO 14064 Reasonable Assurance Statement 88 Independent Limited Assurance Statement 91 GRI Content Index 96 CDL FUTURE VALUE 2030 01 At City Developments Limited (CDL), we strive to build value for tomorrow, today. Since 1995, we have built on our ethos of “Conserving as we Construct” to fulfil our role as a builder of living spaces, lives and communities. As CDL continues to pursue greater excellence, we are introducing “CDL Future Value 2030” as our blueprint for the future. In the ever changing business and natural environment, it serves as our blueprint for sustained growth and value creation for our business, stakeholders, community and the environment. With increased threats of climate change and rapid urbanisation, this plan will guide us to continue our best practices and future ready our business as we move towards 2030. Over the years, we have built a strong track record as Singapore’s trusted property pioneer and one of the most sustainable companies in the world. As we future proof our organisation to meet tomorrow’s challenges, we remain committed to our Environmental, Social and Governance goals and policies to mitigate risks, enhance resource efficiency, drive productivity and innovation, and ultimately create enduring value. With an integrated approach, we continue to harness our capitals to realise our sustainability-centric vision. We believe that a sustainable business is only possible with a healthy planet as well as a prosperous and inclusive society. The strategy and actions under the “CDL Future Value 2030” will remain dynamic as the global business landscape evolves. New issues will require new solutions, and CDL will be ready to deliver. CDL AT A GLANCE Launched Over 1st $3.9b $3.5b Green Bond Group revenue in funds under by a Singapore in 2016 management Company which raised since 2014 $100m + + Listed on 22 TOP 12 Singapore Company and leading sustainability years Real Estate Management and indices of sustainability Development Company on 2017 including FTSE4Good Index integration into business Global 100 Most Sustainable Series, MSCI Global Sustainability strategy and operations Corporations ranking Indexes and Dow Jones 02 Sustainability Indices + + More than 87 Green Mark $16m developments and 100% in savings office interiors of office buildings owned and as a result of the energy-efficient managed by CDL are rated Green retrofitting and initiatives awarded by the Building and PLUS implemented for eight office Construction Authority Mark Platinum and Gold buildings from 2012 to 2016 * Includes subsidiaries and associated companies + + 16% 25% 15% reduction reduction reduction in carbon emissions in energy use in water use intensity from 2007 intensity from 2007 intensity from 2007 levels in 2016 levels in 2016 levels in 2016 ABOUT CDL City Developments Limited (CDL) is VISION, MISSION AND VALUES a Singapore-listed international real estate operating company with a global presence spanning 97 locations Since the 1990s, sustainability has been integrated into in 26 countries. As one of Singapore’s CDL’s corporate vision and mission to create business largest companies by market value and sustain the Company’s growth. To complement capitalisation, our income-stable and geographically-diversified portfolio the Company’s business strategy in today’s fast-evolving comprises residences, offices, hotels, business environment, we introduced an enhanced set of serviced apartments, integrated corporate vision, mission, and values in 2016. developments and shopping malls, totalling over 18 million square feet of floor area globally. As we marked 20 years of sustainability in 2015, we also expanded our sustainability vision and mission to support our CDL has hotel assets in one of the world’s largest hotel groups – our new corporate vision and mission. London-listed subsidiary, Millennium & Copthorne Hotels plc (M&C), has over 130 hotels globally, many in Corporate Vision key gateway cities. Globally, CDL has developed over 40,000 homes Building Value for Tomorrow, Today and is one of Singapore’s largest commercial landlords, with one Sustainability Vision of the biggest landbanks amongst CDL Future Value 2.0: Creating Future Value Singapore private-sector developers. Sustainability Mission Building on our track record of over Harnessing our capitals – Financial, Organisational, Manufactured, 03 50 years in real estate development, Natural, Human, and Social and Relationship – to create enhanced value investment and management, CDL for stakeholders, now and in the future has developed growth platforms in five key international markets – UK, US, China, Japan and Australia. Corporate Mission The Company is also leveraging our stable of prime assets and growing As a trusted property pioneer and a global hotelier, CDL builds value our real estate funds management everywhere we go. business. We currently have over $3.5 billion in funds • We build quality and innovative spaces to house desirable homes, under management. competitive businesses and secure investments • We build sustainable profitability while conserving the environment • We build partnerships to achieve better results • We build engaging careers so staff can grow with the company • We build bonds with the community by supporting worthy causes At CDL, we believe the future is ours to build. Corporate Values • Committed to positive results • Competitive in setting standards and beating the competition • Caring towards the people we work with, products we create, and the environment we operate in *102- 45 CHAIRMAN STATEMENT Dear Stakeholders, been a firm advocate for sustainable strategies, practices and performance. development and I am heartened that In response, we are launching our 2016 was a milestone year our steadfast commitment has placed CDL Future Value 2030 blueprint. for sustainability with global Singapore and CDL on the world Aligned with our corporate vision developments like the landmark Paris map of sustainability. of “Building Value for Tomorrow, Agreement and the United Nations Today”, this blueprint details how (UN) Sustainable Development Goals Singapore is ranked the most CDL’s long-established sustainability (SDGs). Locally, Singapore set out sustainable city in Asia and second strategy and best practices will the national vision for a sustainable in the world after Zurich, according continue to add value to our future through the introduction of to the Sustainable Cities Index 2016 business, stakeholders, investors the Climate Action Plan, reinforcing from global design and consulting and the planet. Most importantly, it the 2015 edition of the Sustainable firm Arcadis. This was a marked sets clear directions and ESG goals Singapore Blueprint. improvement from its 10th position towards 2030, a milestone year for in 2015, when this global index was global climate goals and UN SDGs. 04 The emphasis on sustainability is first launched. also growing in global financial To reinforce the Board’s role in markets, with investors having Testament to our commitment to advancing sustainability within more access to Environmental, sustainability, CDL is ranked the CDL, the Board-level Corporate Social and Governance (ESG) data. Top Singapore Company and Most Social Responsibility and Corporate There has been progressively more Sustainable Corporation in Real Governance Committee has been evidence that investors are placing Estate Management & Development renamed the “Board Sustainability greater importance on such data, on the eminent 2017 Global 100 Committee” as of

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