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CSR COMMITTEE

CDL continues to refine our management approach to adapt to the changing CSR landscape and align ourselves with international best practices. A companywide CSR Committee was established in 2008 and it was later aligned with ISO 26000:2010 Guidance on Social Responsibility to address the seven core subjects of ISO 26000 as well as other aspects important to the Company.

The Committee initiates, drives and monitors various aspects of the Company’s CSR practices that are integrated with our business operations.

ISO 26000: GUIDANCE ON SOCIAL RESPONSIBILITY

In view of aligning our practices with ISO 26000, CDL undertook in 2010 a self-assessment of our CSR performance, based on the principles and core subjects of ISO 26000. The ISO 26000 principles are Accountability, Transparency, Ethical Behaviour, Respect for Stakeholder Interests, Respect for the Rule of Law, Respect for the International Norms of Behaviour and Respect for Human Rights. The core subjects are Organisational Governance, Human Rights, Labour Practices, The Environment, Fair Operating Practices, Consumer Issues and Community Involvement & Development. This exercise was in line with the Company’s on-going efforts to embrace a holistic approach to CSR and to take beyond-compliance initiatives.

As the first Singapore corporation to address this voluntary guideline in our CSR governing structure and sustainability report, CDL’s priority was to identify elements material to our core business, that responds to national needs and that complements the Company’s existing practices.

In recognition of the importance of results and performance improvements in our CSR journey, CDL has reviewed the priority issues as identified by external parties and has incorporated a Human Rights Corporate Statement, enhanced our Employee Engagement, Whistle-blowing Policy, Corporate Governance and involvement in community development projects.

CDL’s efforts and improvements made on Community Involvement & Development, Labour Practices, Stakeholder Engagement and Corporate Governance are further disclosed in this Chapter and in Chapter 2: Initiatives.