The group is committed to building green infrastructure. It puts aside 2% to 5% of the construction cost for green design and sustainable features. It has voluntarily conducted a Biodiversity Impact Assessment for all construction sites since 2010. It makes recommendations for environmental mitigation when necessary.
SINGAPORE (Sept 16): Real estate and hotel group City Developments tops the table in The Edge Singapore’s Billion Dollar Club sustainability category, which measures a company’s commitment to strong environmental, social and governance principles. Marine and energy conglomerate Sembcorp Industries is in second place, followed by property group CapitaLand.
Last year, CDL had its carbon reduction targets validated by the United Nations-backed Science Based Targets initiative. The group has reduced carbon emission intensity by 32% since 2007. In addition, CDL says it is increasing its carbon emission reduction target from 38% to 59% by 2030 compared with 2007 levels in Singapore. The company has also reduced its water and energy intensity by 32% and 27% respectively since 2007. CDL has saved $24 million from energy-efficient retrofitting and initiatives implemented for eight commercial buildings between 2012 and 2018.
