Slide 1: Sustainability: Adding Value to Business
SUSTAINABILITY: ADDING VALUE TO BUSINESS CDL’s Ideas, Initiatives & Impacts CDL Sustainability Showcase: W Singapore – Sentosa Cove 2 October 2012
Slide 2: Agenda
AGENDA • Sustainability: A Global Business Trend • A Business Case: CDL’s Ideas, Initiatives & Impacts that Add Business Value • Ideals: Firm Commitment for Long- Term Sustainability The Residences at W Singapore Sentosa Cove BCA Green Mark Platinum Award
Slide 3: Sustainability: A Global Business Trend
SUSTAINABILITY A Global Business Trend One Shenton
Slide 4: Sustainability for Business Leadership
SUSTAINABILITY FOR BUSINESS LEADERSHIP A GLOBAL BUSINESS MEGATREND “In our interdependent world, business leadership cannot be sustained without showing leadership on environmental, social and governance issues.” H.E. UN Secretary-General Ban Ki-Moon (2007)
Slide 5: Multiple Drivers of Sustainability Today
MULTIPLE DRIVERS OF SUSTAINABILITY TODAY Investor Activism Talent Attraction 886 SRI Funds managing Values and ethics, transparency €84 billion in Europe (June 2011) and accountability to society, arguments, all of them operating in Carbon Disclosure Project key attraction of “talent”. Over 3,000 co
Slide 6: Sustainability in Singapore
SUSTAINABILITY IN SINGAPORE A STRATEGIC BUSINESS ISSUE REDEFINING THE ROLE OF BOARD OF DIRECTORS – SUSTAINABILITY TO BE CONSIDERED AS PART OF CORPORATE GOVERNANCE “… consider sustainability issues, e.g. environmental and social factors, as part of its strategic formulation.” Monetary Authority of Si
Slide 7: Sustainability: A Business Case for Developers
SUSTAINABILITY: A BUSINESS CASE FOR DEVELOPERS INCREASE IN CAPITAL VALUE Retrofitting commercial buildings could reap an increase in capital value of about 2% AVERAGE EXPECTED SAVINGS 10% in operating expenses & 17% in energy consumption resulting from the retrofitting INVESTMENT The effort to achie
Slide 8: Ideas: Strategies for Long-Term Sustainability
IDEAS: Strategies for Long-Term Sustainability Cliveden at Grange
Slide 9: Our Green Vision Since Mid-1990s
OUR GREEN VISION SINCE MID-1990S “Companies with sustainability in their DNA are more resilient and make a better business model for success and long term growth. In the mid-1990s, building sector was seen as ‘destroying before constructing’, CDL as a pioneering developer was determined to change th
Slide 10: Sustainability in a Holistic Framework
SUSTAINABILITY IN A HOLISTIC FRAMEWORK ALIGNING BUSINESS PRACTICES WITH ISO 26000 Vision & Mission Framework Operationalisation Corporate Vision Aligned with ISO26000 Embedded throughout To maintain industry the organisation • Corporate Governance & leadership in innovation, Risk Management product
Slide 11: Key Green Milestones
KEY GREEN MILESTONES 2001 2002 2003 2007 Launched CDL 5-Star Launched Singapore’s BCA Green Mark Established EHS Assessment System First Eco-Condo, Savannah CondoPark; & Project: Eco- Corporate EHS Policy, Champion Award; 1st at all worksites achieved ISO 14001 & Private Developer to Office; Listed
Slide 12: Initiatives: A Holistic Life-cycle Approach
INITIATIVES: A Holistic Life-cycle Approach that Complements Core Business 7 & 9 Tampines Grande
Slide 13: Holistic, Life-Cycle Approach
HOLISTIC, LIFE-CYCLE APPROACH OUR THREE-PRONGED STRATEGY FOR A CLOSED LOOP Championing green building DEVELOP development through innovation Quality and Environmentally- since the 1990s Sustainable Properties Adoption of a triple bottom line model to develop properties that MANAGE INFLUENCE are sust
Slide 14: Internalising "Safe & Green"
INTERNALISING “SAFE DEVELOP CORPORATE PHILOSOPHY & GREEN” 5-Star EHS Assessment to raise builders’ EHS standards since 2001 - Independently appraised & graded quarterly by independent auditors engaged by CDL Environmental, Health and Safety (EHS) policy since 2003 Align vision with operations for su
Slide 15: Leading the Way Through Green Innovation
DEVELOP DEVELOP LEADING THE WAY THROUGH GREEN INNOVATION 11 TAMPINES CONCOURSE 7 & 9 TAMPINES GRANDE First CarbonNeutral® development in First development to achieve LEED Singapore & Asia Pacific (Leadership in Energy & Environmental Design Rating Design) Gold First building in Singapore constructed
Slide 16: Building a Sustainable Future Through Innovation
DEVELOP BUILDING A SUSTAINABLE FUTURE DEVELOP THROUGH INNOVATION 62 BCA Green Mark Awards accorded developments, highest amongst private developers 21 are of Green Mark Platinum tier – the highest rating for green developments in Singapore City Square Mall Fuji Xerox Towers Tampines Grande Quayside
Slide 17: Optimising Water & Energy Efficiency
MANAGE OPTIMISING WATER & MANAGEENERGY EFFICIENCY Improve energy efficiency - Commercial buildings consumes 30% of total energy in Singapore. - Air conditioning takes up 65% within commercial buildings.* Regular energy audits in particular on air-con plants 1) Preliminary site study & collection of
Slide 18: Driving Awareness Amongst Stakeholders & Supply Chain
INFLUENCE DRIVING AWARENESS AMONGST STAKEHOLDERS & SUPPLY CHAIN Contractors & CDL 5-Star EHS Review and CDL EHS Assessment Suppliers System Peer learning Assessment Award Tenants & 1oC Up! Campaign Recycling initiative Business Community Customers T.O.P. Fairs (Residential) Let’s Work Green! Achieve
Slide 19: Sustainability Reporting
INFLUENCE SUSTAINABILITY REPORTING A GLOBAL TREND FOR TRANSPARENCY & BETTER COMMUNICATION Updates from the Rio+20 Corporate Sustainability Forum on 21 June 2012: First global call by stock exchanges for sustainability disclosure and performance by listed companies: commitment by five stock exchanges
Slide 20: Influence Sustainability Reporting
INFLUENCE SUSTAINABILITY REPORTING WHAT GETS MEASURED GETS MANAGED Vision, Mission & Dedicated International Implementation Reporting Benchmarking Mid 1990s - Early 2000 2008 2010 Various stakeholder CSR committee AA1000AS engagement headed by senior assured since 2010 programmes based management on
Slide 21: Dedicated GRI-Checked Sustainability Report Since 2008
DEDICATED GRI-CHECKED SUSTAINABILITY REPORT SINCE 2008 2008 2009 2010 2011 2012 • 1st GRI-checked • 1st GRI Level B+ • 1st S’pore • 1st S’pore report to • 1st S’pore listed co & report published by a checked report by a corporation to address ISO 26000: developer to achieve S’pore corporation S’pore
Slide 22: What We Report
WHAT WE REPORT DATA DISCLOSURE ALIGNED WITH 7 CORE AREAS OF ISO 26000 ORGANISATIONAL GOVERNANCE Established processes, systems and structures to implement socially responsible behaviour THE HUMAN LABOUR CONSUMER FAIR OPERATING ENVIRONMENT RIGHTS PRACTICES ISSUES PRACTICES • GHG emissions • Incidents
Slide 23: Impacts: Enhancing Business Competitiveness
IMPACTS: Enhancing Business Competitiveness The Residences at W Singapore Sentosa Cove
Slide 24: Key Sustainability Highlights in 2011
KEY SUSTAINABILITY HIGHLIGHTS IN 2011 FINANCIAL Approximated some S$19.7m in annual energy savings from CDL’s 37 Green Mark awarded buildings (2008 - 2011) ENVIRONMENTAL CDL produced less carbon per leased square metre of area. Our total carbon intensity emissions has been reduced by 7% to 31,589 to
Slide 25: Operational Benefits
OPERATIONAL BENEFITS IMPROVED OPERATIONAL EFFICIENCY & SAVINGS DERIVED FROM GREEN BUILDINGS Estimated S$19.7m in annual energy savings from CDL’s 37 Green Mark awarded buildings (2008-2011) Harnessing renewable energy – CDL buildings generated a total of 198,935 kWh of renewable energy. Energy reduc
Slide 26: Operational Benefits: City Square Mall
OPERATIONAL BENEFITS IMPROVED OPERATIONAL EFFICIENCY & SAVINGS DERIVED FROM GREEN BUILDINGS CITY SQUARE MALL Investment of 4.85% of construction cost on green & energy efficient technologies Annual energy savings of 14.9 million kWh or over S$4 million in 2011 Payback of green investment within 2.5
Slide 27: Operational Benefits: Fuji Xerox Towers Retrofit
OPERATIONAL MANGE BENEFITS RETURN ON INVESTMENTS FOR RETROFITTED BUILDINGS FUJI XEROX TOWERS CHILLER SYSTEM UPGRADING Energy consumption on air conditioning: fall from 70% to 51% of total energy Drop in landlord’s overall electricity consumption: by 35% per year Air conditioning plant’s energy effic
Slide 28: Benefits for End-User
BENEFITS FOR END-USER SAVINGS FOR HOME BUYERS RESIDENTIAL PROPERTIES The Oceanfront @ Sentosa Cove - First private residential development awarded BCA Green Mark Platinum Award in 2007, demonstrating 30% energy and water savings. Residents can enjoy energy The Oceanfront @ Sentosa Cove savings of up
Slide 29: Licence to Operate
LICENCE TO OPERATE READY FOR REGULATORY CHANGES AND REDUCED RISKS Regulatory readiness to the Singapore Government’s commitment to manage carbon emissions (16% below Business-as-usual levels by 2020*) Minimum Green Building Standard Energy Conservation Act (since May 2012) Since 15 April 2008, a min
Slide 30: Employee Engagement
EMPLOYEE ENGAGEMENT RETENTION & SATISFACTION Low employee turnover of 14.4%, as compared to national average (2011: 32.4%) – reduced business cost in rehiring and training new employees Achieved a score of 69% for level of Employee Effectiveness Index, higher than Singapore country norm Garnered two
Slide 31: Supply Chain Engagement
SUPPLY CHAIN ENGAGEMENT BUILDING CAPACITY IN GREEN BUILDING, EHS EXCELLENCE & PRODUCTIVITY Annual CDL 5-Star EHS Excellence Awards and quarterly CDL 5-Star EHS Assessment audits at all worksites CDL EHS Excellence – CEO Pledge for Zero (2010) endorsed by builders and consultants go commit to raising
Slide 32: Positive Reputational Impact
POSITIVE REPUTATIONAL IMPACT STRONG PRESENCE & REPUTATION IN INTERNATIONAL ARENA Sustainability Rankings & Benchmarks FTSE4Good Index Series (since 2002) Global 100 Most Sustainable Corporations in the World (since 2010) Dow Jones Sustainability Indexes – World & Asia Pacific (since 2011) Asian Sust
Slide 33: Positive Reputational Impact
POSITIVE REPUTATIONAL IMPACT Regional/Local CNA Green Luminary Award (2012) Inaugural BCA Green Mark Platinum Champion (2011) SBF Outstanding Sustainability Award (2010) Most BCA Green Mark Awards (2005 - 2012) BCA Built Environment Leadership Platinum Award (2009) BCA Green Mark Champion (2008) Pre
Slide 34: Setting Benchmarks in Singapore
SETTING BENCHMARKS IN SINGAPORE First Singapore listed company & property developer to successfully publish a GRI Level A+ Sustainability Report First and only Singapore corporation to be listed on all three of the world’s top sustainability benchmarks; FTSE4Good Index Series (since 2002); The Globa
Slide 35: Ideals: Our Firm Commitment for Long-Term Sustainability
IDEALS: Our Firm Commitment For Long-Term Sustainability Artist’s Impression of HAUS@SERANGOON GARDEN
Slide 36: Climate Change Commitment
CLIMATE CHANGE COMMITMENT A LONG-TERM VISION Targets in Carbon Reduction: 2020: 22% reduction vs baseline year 2007 2030: 25% reduction Minimum BCA Green Mark GoldPlus rating for all new developments Since 2010: Voluntary reduction of annual carbon emissions (corporate office operations & data centr
Slide 37: Our Sustainability Pledges
OUR SUSTAINABILITY PLEDGES ONGOING PLEDGES & CERTIFICATIONS – ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) ISO 14001 (Property Development and Project Management – since 2003) OHSAS 18001 (Property Development and Project Management – since 2003) UN Global Compact (Signatory since 2005) ISO 9001 (15 CDL
Slide 38: Pipeline Community Initiatives: My Tree House
PIPELINE COMMUNITY INITIATIVES ENGAGING THE YOUNG & ENHANCING ENVIRONMENTAL AWARENESS Artist’s Impressions of “My Tree House” “My Tree House” – World’s 1st Green Library for Kids by CDL & NLB Targeted for completion in mid-2013, the green library will encourage children to explore, discover and chal
Slide 39: Pipeline Community Initiatives: Green Sparks Competition
PIPELINE COMMUNITY INITIATIVES ENGAGING THE YOUNG & ENHANCING ENVIRONMENTAL AWARENESS BCA-CDL Green Sparks Competition 2012 A collaborative initiative with the Building and Construction Authority (BCA) to promote green building design and application amongst tertiary students in the built environmen
Slide 40: For more information on CDL's Sustainability Efforts
For more information on CDL’s Sustainability Efforts, visit www.cdl.com.sg/csr The Oceanfront @ Sentosa Cove