Corporate Policies

Corporate Policies

CDL is committed to upholding good corporate governance and business integrity in all its business activities. The CDL corporate policy framework provides guiding principles on business conduct and ethics embraced by all employees, and establishes the Company’s strategy for ensuring a sustainable business.

Board Policies

Board Diversity Policy

This Board Diversity Policy sets out the policy and framework for promoting diversity on the Board of Directors (“Board”) of CDL.

The Board recognises that a diverse Board is an important element which will better support the Company’s achievement of its strategic objectives for sustainable development by enhancing the decision-making process of the Board through the perspectives derived from the various skills, business experience, industry discipline, gender, age, ethnicity and culture, geographical background and nationalities, tenure of service and other distinguishing qualities of the Directors.

Read our Board Diversity Policy  

Corporate Policies

Anti-Corruption, Fraud and Competition Policies

In line with the Board’s commitment to maintain high ethical standards which are integral to our corporate identity and business, the Company has the following corporate policies in place:

(i) Anti-Corruption Policy
This sets out the responsibilities of the Group companies and of each employee in observing and upholding CDL’s position against all forms of corruption, bribery and extortion. The Anti-Corruption Policy also provides information and guidance to employees on how to recognise, address, resolve, avoid and prevent instances of corruption, bribery and extortion which may arise in the course of their work.

Read our Anti-Corruption Policy  

(ii) Fraud Policy
The Fraud Policy provides guidance on actions which may constitute fraudulent conduct and highlights the importance of the implementation, maintenance and compliance with the internal controls framework of the Group and its policies and procedures.

Read our Fraud Policy  

(iii) Competition Policy
The Competition Policy sets out CDL’s policy to compete fairly and ethically in the conduct of business in all of its markets, and in compliance with the competition laws which apply to the Group’s business activities. This policy seeks to educate and improve the knowledge and understanding of CDL’s employees on anti-competitive practices and acts of abuse of dominant position which are prohibited, and to provide direction and guidance to employees in their relationships and communications with competitors and customers.

Read our Competition Policy  

Investor Relations Policy
CDL is committed to engaging our shareholders through regular, effective and fair communication, in compliance at all times with the requirements for disclosure of information in accordance with listing rules of the Singapore Exchange Securities Trading Limited (SGX-ST).

The Company’s Investor Relations (IR) department serves as an intermediary between the Company and our shareholders and the investment community. Through effective information disclosure and dialogue, CDL aims to further enhance our corporate transparency and maintain the trust of our stakeholders.

Read our IR Policy  
Personal Data Policy

Your personal data is important to us!

The purpose of the CDL Personal Data Policy is to inform you of how CDL manages personal data which is subject to the Singapore Personal Data Protection Act (No. 26 of 2012) ("the Act"). Please take a moment to read the CDL Personal Data Policy so that you know and understand the purposes for which we collect, use and disclose your personal data.

Contact CDL Data Protection Officer  

Tax Policy
The Group is committed to full compliance with all the tax laws and regulations in the countries where it operates. The Group’s tax affairs are managed in a way which takes into account the Group’s wider corporate reputation in line with CDL‘s overall high standards of governance.

CDL manages tax risks by ensuring that it has effective processes and controls built into the tax compliance process, which are regularly reviewed to ensure accurate tax reporting and payment of the right amount of tax. The Group is also committed to ensuring that all business transactions are supported by bona fide commercial substance and that the intent and spirit of tax laws are respected in all its business dealings.

Read our Tax Policy and our UK Tax Strategy  

 

Whistleblowing Policy

Within the organisation, the commitment to conduct business with integrity and the highest ethical standards whilst complying with applicable laws and regulations is translated into cultivating the values of openness, integrity and accountability amongst all CDL employees. CDL has a Whistleblowing Policy to ensure that arrangements are in place to allow whistle-blowers to raise concerns over a breach of these standards, highlight incidents of malpractice or wrongdoings within the Company.

This Policy applies to any suspected improprieties involving employees of the CDL Group except employees of subsidiaries that have their own audit or risk committees which have oversight of their whistleblowing programme.

Read our Whistleblowing Policy  

Sustainability Policies

Biodiversity Policy

CDL recognises the potential impact developments might have on wildlife and habitat loss — including the importance of mitigating this impact. In 2020, we introduced the Biodiversity Policy to promote biodiversity protection and urban greenery across our operations. The policy complements Singapore’s “City in Nature” vision and CDL’s long-established Environmental Impact Assessment (EIA) framework, and takes reference from national frameworks, such as the new Biodiversity Impact Assessment (BIA) guidelines set by URA and NParks.

Read our Biodiversity Policy  

Climate Change Policy
The threat of climate change is real. As Singapore’s property pioneer and leading green developer, CDL recognises the crucial role it has to play in mitigating the effects of climate change. In line with our corporate social responsibility strategy and our commitment to “Conserve as We Construct” since 1995, we are dedicated to achieving low carbon operations with reduction targets set at 22% in 2020 and 25% in 2030. Recognising that a sizeable proportion of our carbon footprint lies outside our business operations and direct control, we actively engage our supply chain and stakeholders to mitigate climate impact and to add value to the communities in which we operate.

At CDL, we are committed to not only minimising the environmental impact of our business operations, but also to changing mindsets and promoting environmental conservation amongst the community. Our efforts to mitigate climate change include:
  • Reducing energy consumption through energy-efficient fixtures, green building design and renewable energy adoption
  • Adopting sustainable materials and methods to reduce material waste and the use of natural resources
  • Tracking, reporting and managing all aspects of our sustainability performance in our core business
  • Advocating responsible practices along our supply chain and amongst internal and external stakeholders
  • Partnering industry players and policy makers to develop policies and innovations for sustainable building
Read our Climate Change Policy   
Diversity, Equity and Inclusion Policy
CDL is committed to creating a workplace that values diversity, equity and inclusion. Our Global Diversity, Equity and Inclusion (DEI) policy is guided by international standards described in the Universal Declaration of Human Rights, the International Labour Organization’s Transforming Enterprises through Diversity and Inclusion Report and the 2030 Agenda for Sustainable Development’s pledge. The policy guidelines ensure that our practices provide our employees and new applicants equal access to employment, development and advancement opportunities.

Read our Diversity, Equity and Inclusion Policy  
Environmental, Health and Safety (EHS) Policy
For over a decade, CDL has been advocating environmental sustainability in Singapore's built environment. We make it our business to take concerted efforts towards preventing pollution on the environment and striving to apply environmentally-friendly practices in our operations.

To this end, the EHS Policy was established in 2003. This sets the strategic direction for all departments and employees towards creating a "Green & Safe" corporate culture, conserving resources and preventing pollution.

Read our EHS Policy  
Green Building Policy

In 2020, CDL introduced the Green Building Policy to promote Smart, Sustainable and Super Low Energy (3S) buildings and building technology applications. Known as the 3S Green Building Framework, this framework is an expansion of our green procurement guidelines and is aligned with the new BCA Green Mark SLE Building requirements, as well as international standards for advancing health and well-being in buildings.

Read our Green Building Policy  

Human Rights Policy
CDL believes in upholding fundamental principles of human and workplace rights in places where we operate. Since 2005, we have been a signatory to the United Nations Global Compact's principles on Human Rights and Labour, and are guided by international human rights principles as derived from the Universal Declaration of Human Rights and the International Labour Organization's Declaration on Fundamental Principles and Rights at Work. Beyond our compliance to the local government's policy and national legislation in protecting human rights, we are committed to respecting human rights in all aspects of our stakeholder engagement such as equitable employment practices, non-discrimination, fair welfare and compensation, as well as workplace health and safety within our developments.

Read our Human Rights Policy  
Sustainable Investment Principles
CDL is focused on taking proactive action in assessing potential portfolio risks and opportunities for sustainable investment decisions via our Sustainable Investment Principles (SIP).

The SIP is formulated in line with the Glasgow Climate Pact and aligned with global best practices laid out in the United Nations Sustainable Development Goals, United Nations Principles for Responsible Investment, Task Force on Climate-Related Financial Disclosures (TCFD), United Nations Environment Programme Finance Initiative (UNEP FI) and other relevant frameworks. It complements CDL’s existing ESG policies and guidelines, including our Climate Change Policy, Environmental, Health and Safety (EHS) Policy, Green Building Policy, Biodiversity Policy and Human Rights Policy.

Read our Sustainable Investment Principles  
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