The CDL Sustainability Report 2012 is an annual publication dedicated to providing economic, social and environmental information and data on CSR activities and performance pertinent to CDL’s business in 2011. CDL is voluntarily disclosing the information as the Company believes in upholding the principles of corporate transparency, disclosure and communication with our stakeholders.
The report solely covers CDL’s Singapore operations and 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 encompasses the Company’s activities that have a material impact on the community and the environment in which we operate. Where possible and material, CDL has included performance data from 1 January 2007 to 31 December 2011.
Please refer to previous CDL Sustainability Reports for published data from 1 January 2005 to 31 December 2006 available at www.cdl.com.sg.
CDL’s subsidiary, 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, a Healthy Workplace, Responsibility to the Environment and Responsibility to the Wider Community.
ASSURANCE
For the 4th year, the CDL Sustainability Report has been externally assured to validate the accuracy and reliability of its 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 is summarised in the Independent Assurance Statement which can be found here.ACCESSIBILITY
CDL continues to print only limited copies of this report as part of our environmental conservation efforts. Current and previous copies of the reports are available online at www.cdl.com.sg.STANDARDS OF MEASUREMENT / APPLICATION OF EXTERNAL GUIDELINES
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 CDL’s Sustainability Report 2012. Based on the GRI Application Level Criteria for reporting, the CDL Sustainability Report 2012 is a Level A+ report which has been verified by GRI. CDL has also taken the initiative to integrate the ISO 26000:2010, Guidance on social responsibility 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 in 2011.
More information about our sustainability reporting including the GRI Content Index and UN Global Compact Index can be viewed from their respective hyperlinks.
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. CDL adopts several processes to determine materiality issues across our operations. Besides the CSR Committee, operationally, the Company also has various other existing management systems such as ISO 14001 Environmental Management System, Singapore Quality Class and the Audit Committee that determines material issues of the Company. 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 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 — as clearly reflected in the additional GRI Performance Indicators this year.
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 CDL’s environmental and social performance of our business operations in Singapore remains a priority to improve the management of our data and to achieve more consistent reporting for accountability. The GRI Application Level Check Statement can be found on here.
FEEDBACK CHANNEL
CDL actively seeks and values the feedback extended by our stakeholders as an important way of improving our CSR practices. If you have any views, comments or feedback, please send them to: Ms Esther An
Head of CSR
City Developments Limited
9 Raffles Place
#36-00 Republic Plaza
Singapore 048619
Republic of Singapore
csrenquiries@cdl.com.sg