City Developments Ltd

A company-wide CSR Committee was set up in 2008 and is responsible for mapping out CSR strategies and measuring key performance. This Committee cuts across all corporate and operational units that are material to the business. It initiates, drives and monitors various aspects of our CSR practices, ensuring that these are integrated into our business operations and complement corporate objectives. Above this committee, at the Board Level, is a CSR & CG Committee that assumes an advisory role for the Company's CSR strategy. The CSR & CG Committee comprises our Deputy Chairman, who is Chairman of the Committee, and two independent Directors.

Above this Committee, at the Board Level, is a CSR & CG Committee that assumes an advisory role for the Company's sustainability strategy. The Committee meets at least once a year to review CDL's sustainability performance. Following the passing of Mr Kwek Leng Joo, who was Deputy Chairman of CDL and Chairman of the CSR & CG Committee, the Board has appointed Non-Executive and Lead Independent Director Mr Chan Soon Hee Eric as Chairman of the Committee. The Committee also comprises two other independent directors, Mr Yeo Liat Kok Philip and Mr Tan Poay Seng. With effect from 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 across all aspects of our business and operations.

A company-wide CSR Committee was set up in 2008 and is responsible for driving CSR strategically across the business, and measuring key performance. This Committee cuts across all corporate and operational units that are material to the business. It initiates, drives, and monitors various aspects of our sustainability practices, ensuring that these are integrated into our business operations and complement corporate objectives. [...] Above this Committee, at the Board Level, is a CSR & CG Committee that assumes an advisory role for the Company's sustainability strategy. The Committee meets at least once a year to review CDL's sustainability performance. [...] With effect from 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 across all aspects of our business and operations.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Since 2014, CDL started conducting materiality assessments annually, which is facilitated by a third party, to determine the key economic, environmental, social and governance (EESG) issues that are important to our stakeholders. These issues are foundational to CDL's annual sustainability reporting.

The CDL Future Value 2030 Sustainability Blueprint established in 2017 sets out our strategic ESG goals and integrated sustainability strategy towards 2030—a milestone year for UN SDGs and the net zero climate agenda. Our key 2030 and interim annual goals, targets and progress are tracked and reported quarterly and annually. All target years are fiscal year-end. All reporting data is through fiscal year 2021 (31 December 2021), unless otherwise stated.

Since July 2017, we have also been voluntarily publishing an online quarterly sustainability report that updates stakeholders of our progress towards key goals and targets that are set under the CDL Future Value 2030 Sustainability Blueprint. CDL's value creation business model is anchored on our ethos of "Conserving as We Construct† since 1995. The model encapsulates our role as a developer, an asset owner and a corporate citizen, and guides us in creating sustained value for our business and our stakeholders. Leveraging on six capitals, our business operations and sustainability advocacy is well-aligned with 14 UN SDGs. Over the years, CDL's robust sustainability reporting has evolved into a unique blended model using GRI Standards as its core since 2008, CDP since 2010, Global Real Estate Sustainability Benchmark (GRESB) since 2013, Value Reporting Foundation's Integrated Reporting Framework since 2015, SDG Reporting since 2016, TCFD framework since 2017, and SASB Standards since 2020.

CDL's pioneering and voluntary adoption of the TCFD recommendations since 2017 provides climate-related financial information for ESG investors to make informed investment decisions. In December 2021, CDL commenced our third climate change scenario analysis in line with TCFD recommendations to include relevant climate-related impacts of COVID-19 and key COP26 outcomes, building on our previous studies in 2018 and 2019.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes