SUSTAINABILITY 65 CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2021 64 Date Event Announcement of Results: 12 August 2021 Announcement of First Half Year Results 25 February 2022 Announcement of Second Half Year and Full Year Results Record and Dividend Payment Dates: 9 June 2021 Record date for Preference Dividend^ 30 June 2021 Payment of Preference Dividend^ 24 August 2021 Record date for Special Interim Ordinary Dividend 14 September 2021 Payment of Special Interim Ordinary Dividend 13 December 2021 Record date for Preference Dividend^ 31 December 2021 Payment of Preference Dividend^ 5 May 2022 Record date for proposed 2021 Final and Special Final Ordinary Dividends* 26 May 2022 Proposed payment of 2021 Final and Special Final Ordinary Dividends* Shareholders’ Meeting: 28 April 2022 59th Annual General Meeting Notes: ^ The Preference Dividend is paid semi-annually in arrears. * The declaration and payment of the 2021 Final and Special Final Ordinary Dividends are subject to the approval of Ordinary shareholders at the 59th Annual General Meeting. INVESTOR RELATIONS CALENDAR OF FINANCIAL EVENTS 1st Quarter (Jan-Mar) Morgan Stanley Asia ESG and Renewable Seminar Bank of Singapore Beyond 2021: The Great Reset – Panel Discussion on ESG CDL FY 2020 Financial Results Briefing to Media & Analyst – Live Webcast Post FY 2020 Results Meeting hosted by Citi 24th Credit Suisse Asian Investment Conference 2nd Quarter (Apr-Jun) CITIC CLSA ASEAN Access Month: Zero-Carbon ASEAN CDL 58th Annual General Meeting SGX-Credit Suisse Sustainable Real Estate Forum RHB Regional ESG Forum 3rd Quarter (Jul-Sep) Macquarie Singapore ESG Insights Webinar CDL 1H 2021 Financial Results Briefing to Media & Analyst – Live Webcast Post 1H 2021 Results Meeting hosted by UBS Macquarie ASEAN Conference CLSA Singapore Property Access Day Morgan Stanley Asia ESG Conference Jefferies Asia Forum 4th Quarter (Oct-Dec) Investor Group Meeting hosted by CGS-CIMB BNP Paribas Sustainable Future Forum 2021 UBS Asia Pacific ESG Corporate Day Investor Group Meeting hosted by Goldman Sachs SGX-Maybank Kim Eng ESG Conference Bank of America-Merrill Lynch Asia Pacific Property Week: Virtual Tour of CanningHill Piers JP Morgan ESG Corporate Forum 2021 INVESTOR RELATIONS CALENDAR FINANCIAL YEAR ENDED 31 DECEMBER 2021 Date Event Announcement of Results: August 2022 Proposed Announcement of First Half Year Results February 2023 Proposed Announcement of Second Half Year and Full Year Results Shareholders’ Meeting: April 2023 60th Annual General Meeting FINANCIAL YEAR ENDING 31 DECEMBER 2022 SUSTAINABILITY BOARD STATEMENT 2021 continued to be a year marked by global climate, economic, and social disruptions, primarily caused by the COVID-19 pandemic and its prolonged impact. The world shares the same focus on recovery and building resilience. Sustainability and Environmental, Social and Governance (ESG) have come to the fore of mainstream political and business agendas. Ri d ing on the Company ’s st rong foundation in sustainability built over two decades, CDL navigated the winds of change towards a “new normal” and accelerated action towards a net zero future. The timely pledge to the World Green Building Council’s (WorldGBC) Net Zero Carbon Buildings Commitment was an ambi t ious but necessary move to be future-ready for greater regulatory and investor expectations for businesses to step up their ESG initiatives. Ami dst g l oba l uncer ta i nt i es and challenges, CDL has remained committed to integrating ESG into its core business. This has enabled CDL to pre-empt and mitigate enterprise risks, contributing to the long-term success and financial capital of the Company. Titled “Zero in on Future Value”, CDL’s Integrated Sustainability Report 2022 details the Company’s strategy with concrete actions taken in 2021 and a clearly defined pathway towards its net zero goals. 2021 IN REVIEW – ZERO IN ON FUTURE VALUE Standing Together with Stakeholders through COVID-19 Many of CDL’s tenants in Singapore and overseas have continued to be adversely impacted by COVID-19, particularly during Singapore’s Phase 2 (Heightened Alert), which saw a tightening of measures. CDL continued to work directly with them to navigate the operational challenges. This included providing rental, operational and marketing support to tenants adversely impacted by stricter measures. Since the beginning of the pandemic, CDL has committedmore than $40million in property tax and rental rebates. Creating Safe and Healthy Spaces With increased demands for safety and wellness by its building users, CDL implemented robust safety measures ac ross i t s managed prope r t i es , c omp l eme n t i n g t h e S i n g a p o r e government’s COVID-19 guidelines. Besides conducting regular compliance checks on Safe Management Measures (SMM) across its properties, CDL has also stepped up on its use of technology and conducted pilot studies to testbed sustainability solutions. These include a smart battery to replace diesel-powered generators, an autonomous robotic floor cleaner, and micro-climate control solutions to optimise air-conditioning, increasing energy efficiency and thermal comfort in buildings. These innovations have helped increase operat ional efficiency and minimise exposure risk for building occupants. More Robust ESG Policies and Guidelines for Greater Alignment along the Value Chain CDL’sHumanRightsPolicy, Environmental, HealthandSafety (EHS) Policy, andSupplier Code of Conduct were enhanced in 2021 to alignwith the heightened standards and expectations of organisational practices within the Company and its suppliers. Building upon CDL’s long-established EHS Policy and Green Procurement Guidelines, the Company formalised a Green Building Policy to provide greener, safer, healthier and more inclusive environments for its building users. CDL also strengthened its longstanding commitment to biodiversity protection and urban greenery. Since 2010, CDL has voluntarily conducted Biodiversity Impact Assessments (BIA) on greenfield sites before construction. To advance biodiversi ty protect ion and urban greenery at its sites and buildings, a Biodiversity Policy, expanding on its BIA practices, was formulated in 2020. The policy complements Singapore’s “City inNature” vision established in 2021. In 2016, CDL piloted an Environmental Impact Assessment (EIA) study for the Forest Woods residential development. Based on this pilot, CDL is exploring possibilities of applying the EIA for future developments. Embodied carbon is increasingly a priority for decarbonisation. CDL has been actively engaging and empowering its supply chain partners such as suppliers and vendors to lower its carbon footprint. CDL was included in the 2021 CDP Supplier Engagement Leaderboard for the second consecutive year, placing CDL in the top 8% of companies assessed by CDP for supplier engagement on climate change. Continued Recognition by Prominent Sustainability Rankings and Awards From aligning with global agendas to the Company’s recognition as a thought leader, CDL continues to be a driving force in the sustainability landscape. CDL’s corporate sustainability efforts have been affirmed by leading global sustainability ratings and rankings: • G l oba l 100 Mos t Sus t a i nab l e Corporations in the World by Corporate Knights: Ranked fifthoverall in2022and ma inta ining i ts rank ing as the world’s most sustainable real estate management and deve l opment company for the fourth consecutive year; only Singapore company listed for 13 consecutive years • CDP: Only company in Southeast Asia and Hong Kong to maintain double ‘A’s for climate change (since 2018) and water security (since 2019) • MSCI ESG Research: Maintained ‘AAA’ rating since 2010 • Global Real Estate Sustainabi l ity Benchmark (GRESB) 2021: Global Sector Leader (Diversified – Office/Retail) and Overall Regional Sector Leader (Diversified – Office/Retail) CDL is also one of 45 companies and the only Singapore company to receive His Royal Highness The Prince of Wales’ Terra Carta Seal. This Seal is part of the Sustainable Markets Initiative and recognises sustainability leaders in the private sector with globally recognised and credible net zero roadmaps.
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