Social and environmental risks and opportunities have become a core global business issue for many businesses. CDL continues to refine our management approach to adapt to the changing CSR landscape. 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. 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.
IS0 26000 Principles
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.
ISO 26000 Core Subjects
Organisational Governance, Human Rights, Labour Practices, The Environment, Fair Operating Practices, Consumer Issues and Community Involvement & Development.
The senior management has, within the scope of CDL’s corporate operations, determined that the Environment, Employee Relations, Corporate Governance and Risk Management, Stakeholder Relations and Community constitute key CSR areas material to the business.
- Align with international best practices and standards
- Ensure legal compliance in all areas of operation
- Uphold high standards of ethical business conduct and practices
- Maintain profitability and optimum returns for investors
- Create value for investors and stakeholders through financial and non-financial performance
Health and Safety
- Identify workplace hazards and mitigate risks
- Provide a safe and healthy work environment for our employees and workers hired by our contractors
- Improve employees’ health, safety and well-being
- Ensure a safe and healthy environment for our tenants and customers
- Operate in an environmentally responsible manner
- Establish and maintain a robust risk assessment framework through continuous review of existing environmental practices
- Manage waste efficiently and reduce, reuse and recycle whenever possible
- Innovate, develop, and adopt energy-efficient fixtures and renewable energy solutions
- Conduct Environmental Impact Assessments (EIA) prior to development
- Proactively engage contractors and suppliers to adopt best-in-class environmental standards and practices
- Support responsible and sustainable methods and sourcing of materials
- Develop green, smart and sustainable buildings and office interiors
- Deliver quality and safe spaces for sustainable value
- Engage contractors and consultants to adopt game-changing innovations
- Provide quality customer service and experience
- Prohibit any form of corruption or fraudulent acts
- Engage the community through effective 3P partnerships
- Give back to the community in the areas of environment, youth development, arts and charity
- Advocate sustainability thought leadership and best practices to the business community and future leaders
Labour Practices and Decent Work
- Improve employees’ competencies and maximise their potential for career development
- Engage employees for a conducive, inclusive and caring work environment
- Promote fair labour rights and working conditions within the company and along our supply chain
- Eliminate forced and child labour, and human trafficking
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 CDL’s CSR practices, ensuring that that they are integrated into our business operations and complement corporate objectives. With effect from January 2016, the sustainability function and company-wide CSR committee come under the direct supervision of the Chief Executive Officer. Above this Committee, at the Board level, is a CSR and Corporate Governance Committee that assumes an advisory role for the company’s CSR strategy.
CSR Committee Structure
Key Principles and Policies
CDL has in place a comprehensive system comprising principles, policies and guidelines to ensure that we addresses key issues pertinent to our business and performs credibly to stakeholder expectations.
In recognition of performance improvements in our CSR journey, we reviewed the priority issues and have incorporated a Human Rights Corporate Statement, enhanced our Whistle-Blowing Policy and looked at how to improve in the areas of corporate governance. Read more about our policies here.