ESG Policies

Referencing International Frameworks And Benchmark

CapitaLand Development (CLD) upholds high standards of corporate governance and transparency to safeguard shareholders’ interests. We want to build and develop a dynamic workforce and talent pool who will enable our company to achieve our next phase of growth. Our community development efforts focus on supporting education, health and well-being initiatives, targeting at children, youth and seniors, through corporate philanthropy and employee volunteerism.

Since end 2017, CapitaLand progressively rolled out CapitaLand Supply Chain Code of Conduct to influence our supply chain to operate responsibly in the areas of anti-corruption, human rights, health and safety, as well as environmental management.

Environmental

Understanding our Environmental, Health and Safety (EHS) impacts is an important part of CapitaLand’s business operations and delivering value to our stakeholders. CapitaLand aims to future-proof its developments and bring greater safety and supply chain standards by addressing the risks of climate change, EHS risks and opportunities right from the design stage through the implementation of our CapitaLand Sustainable Building Guidelines (SBG). The SBG is an in-house guide to ensure environmental, health and safety considerations are factored in at all stages of a project, from feasibility, design, procurement, construction, operation to redevelopment.

CapitaLand 2030 Sustainability Master Plan targets are also embedded in the SBG through the Environment, Health and Safety Impact Assessment (EHS IA) to guide the businesses to consider EHS risks and opportunities upfront and identify mitigation measures earlier. 

We seek to incorporate environmental sustainability in every stage of a project. We track our environmental performance against the material issues of climate change, energy, water, waste and others. We are committed to:

Identify and respond to climate change risks through future-proofing our developments against changing climatic conditions from the design stage and improving the operational efficiency of our properties
Reduce energy consumption and encourage renewable energy sources
Reduce water consumption and encourage the use of treated/recycled water and rainwater harvesting
Manage waste through improving construction efficiency and encouraging recycling
Contribute positively to the natural environment, through creating, enhancing and conserving habitats for flora and fauna, both on-site and immediate surroundings, and not operating in protected areas or areas of high biodiversity value
Occupational health and safety (OHS) of our employees, tenants, contractors, suppliers and customers is of utmost importance to us. We seek to implement effective OHS management to achieve zero harm.

CapitaLand Environmental, Health and Safety Policy

As an international corporate social citizen, CapitaLand has in place an Environmental, Health and Safety (EHS) Management System to support our commitment to protect the environment and uphold the occupational health and safety of everyone in the workplace. We will:

Carry out exemplary EHS practices to minimise pollution, as well as health and safety risks
Seek continual improvement and development on its EHS performance 
Comply with pertinent government legislations and other requirements 
Implement the CapitaLand Sustainable Building Guidelines and Occupational Health and Safety programmes

We make this policy readily available to all employees, suppliers, service providers and partners.

(*This includes implementing an EHS Management System)

Social

We are committed to promoting positive impact within the communities where we operate. This is why we implement universal design on our properties – this means our properties are socially sustainable for minimal impact to communities, and flexible enough for change in the future.

Our people also play a key role in our integrated sustainability strategy. We focus on building human capital through providing equal opportunities for our employees’ continual learning and training to help them develop in their personal and professional capacities. CapitaLand shares the United Nations Global Compact’s (UNGC) commitment to deliver lasting benefits to people and communities and are a signatory to the UNGC’s principles on Human Rights and Labour. As such, CapitaLand has in place a Social Charter which upholds and respect these principles to protect individual rights with a zero tolerance stance towards child/forced labour and unlawful discrimination.

Occupational health and safety policies are also maintained to ensure the workplace health and safety of staff, the safety of residents, shoppers, tenants, the public and our supply chain at our properties.

As part of social responsibility, our staff are also encouraged to give back. This could be volunteering through the CapitaLand Hope Foundation, our philanthropic arm, or via other community engagement activities.

CapitaLand Social Charter, Diversity & Inclusion Policy, Harassment Policy

CapitaLand has put in place a charter and various policies which uphold fundamental principles of human and workplace rights. These policies outline principles to protect individual rights with a zero tolerance stance towards child/forced labour, unlawful discrimination & harassment, and encourage diversity and inclusion across the organisation.

To find out more:

CapitaLand Social Charter: click here
CapitaLand Diversity & Inclusion Policy: click here
CapitaLand Harassment Policy: click here

CapitaLand Supply Chain Code of Conduct

CapitaLand Investment is a signatory to the United Nations Global Compact (UNGC), and the Group is committed to the ten principles of UNGC by incorporating it into its business strategies, policies and company cultures.

CapitaLand has developed a Supply Chain Code of Conduct which is primarily based on the legal compliance of local laws pertaining to labour, environment, business integrity and ethics, health and safety and establishes expectations on supplier business conduct as it relates to how goods and services are provided to CapitaLand and CapitaLand’s clients. This has been rolled out since end 2017. Click here  to find out more about the Supply Chain Code of Conduct.

Governance

We adhere to an ethics and code of business conduct policy which deals with issues such as confidentiality, conduct and work discipline, corporate gifts and concessionary offers. We do not make donations to politicians nor political parties.

At CapitaLand, we believe that practicing good corporate governance is central to the health and stability of our financial markets and the economy.

Clear policies and guidelines on how to handle workplace harassment and grievances are in place, while our zero-tolerance policy against fraud, bribery and corruption (FBC) extends to our business dealings with third-party service providers and vendors. CapitaLand also put in place policies and procedures such as Group Procurement, Anti-Money Laundering and Countering Terrorism Financing, Supply Chain Code of Conduct, Vendor Controlled List, Financial Authority Limits, Corporate Gifts and Concessionary Offers policies, etc. together with FBC Risk Management Policy implemented to help detect and prevent FBC risks.

CapitaLand Development Tax Strategy

CapitaLand Development has put in place Tax Strategy documents to set out CapitaLand Development's approach to its management of global tax affairs. Click here to find out more about the Group Tax Strategy.

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