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THE ONLY SINGAPORE CORPORATION Listed on both FTSE4Good and Dow Jones Sustainability Indexes CDL RECEIVES Distinguished Patron of the Arts Award CDL DELIVERS STRONG RESULTS UPCOMING CDL SCULPTURE AT BISHAN PARK for Half Year Ended 30 June 2011 “An Enclosure For A Swing” by Kelvin Lim Fun Kit Oct 11 a quarterly publication by City Developments Limited

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Page 1: THE ONLY SINGAPORE CORPORATION CDL …media.corporate-ir.net/Media_Files/IROL/60/60774/Citynews_Oct11...THE ONLY SINGAPORE CORPORATION ... CDL DELIVERS STRONG RESULTS UPCOMING CDL

THE ONLY SINGAPORE CORPORATIONListed on both FTSE4Good and Dow Jones Sustainability Indexes

CDL RECEIVES Distinguished Patron of the Arts Award

CDL DELIVERS STRONG RESULTS

UPCOMING CDL SCULPTURE AT BISHAN PARK

for Half Year Ended 30 June 2011

“An Enclosure For A Swing” by Kelvin Lim Fun Kit

Oct 11 a quarterly publication by City Developments Limited

Page 2: THE ONLY SINGAPORE CORPORATION CDL …media.corporate-ir.net/Media_Files/IROL/60/60774/Citynews_Oct11...THE ONLY SINGAPORE CORPORATION ... CDL DELIVERS STRONG RESULTS UPCOMING CDL

City Pulse 01

Blossoming with Redefining

PossibilitiesThe Art ofFine Living

CDL’s latest Executive Condominium (EC) project, Blossom Residences, has been warmly received by homebuyers, with more than 400 units sold to date*. The general attractiveness of ECs in Singapore has increased in light of the Government regulation to increase the income cap of eligible EC buyers from S$10,000 to S$12,000, and the application of this ruling to include EC launches before 15 August 2011, thus giving this group of potential buyers more options.

Priced at an average of about S$685 per square foot, prices at the 602-unit EC start from S$548,000 for a 2 bedroom apartment. Blossom Residences’ modern and contemporary design, quality finishes and comprehensive facilities were cited by buyers as the development’s main attractions.

Located along Segar Road, within the Bukit Panjang locale, the 99-year leasehold EC is nestled amongst lush greenery, with panoramic views of nearby nature parks including Zhenghua Park, Bukit Panjang Park, Upper Seletar Reservoir and Bukit Timah Nature Reserve. It is also close to

The units at Blossom Residences offer an irresistable combination of style, comfort and luxury.

Residents can immerse themselves in breathtaking

nature-inspired landscaping.

reputable schools such as Zhenghua Primary and Secondary School, Fajar Secondary School and West View Primary School.

All units provide generous interior space and ample windows, thoughtfully designed to encourage natural cross-ventilation and lighting while providing magnificent views of the surrounding greenery. Most of the apartments are also designed with a North-South orientation, mitigating external heat from the afternoon sun. All units boast spacious bathrooms featuring polished tiles and quality fittings, and kitchens are equipped with appliances from selected brand names like Kohler and Electrolux to complement the luxurious setting of the apartment.

Just three minutes walk to Segar LRT station, which will be connected to the upcoming Bukit Panjang MRT Station (Downtown line) and Bukit Panjang Bus Interchange, Blossom Residences is also well connected to major expressways. A wide range of shopping and entertainment spots including Bukit Panjang Plaza, Bukit Timah Plaza, Fajar Shopping Centre and the upcoming Junction 10 mall, are also located in close proximity.

For the pleasure of ownership, please visit the Blossom Residences show suite along Segar Road or call +65 6892 3303.

For illustration only

Artist’s Impression

Located at the doorstep of the vibrant Orchard Road vicinity, Cliveden at Grange is a freehold iconic residence destined for prominence as possibly the finest and most exclusive residential project in the prestigious District 10 residential enclave.

Elegance graces every turn. The 110 well-appointed residences are presented within four circular classically glass-clad 24-storey towers (three single towers and one twin tower). With only one apartment per floor and floor-to-ceiling windows, residents will enjoy absolute privacy and virtually 360° panoramic views of the surroundings. Perfectly manicured and generously spaced landscapes articulate privilege and indulgence to be enjoyed only by the upper echelons of society.

The lavish residences measure between 2,153 square feet and 2,842 square feet and boast only

With its prestigious District 10 address, Cliveden at Grange is within close proximity to vibrant Orchard Road.

Each unit is perfectly styled with fine designer fittings.

of the finest designer fittings and fixtures and a private lift lobby. For the ultimate in luxury living, 5-bedroom penthouses are available.

Each room has been perfectly envisioned with the finest designer furnishings and fixtures to create the ideal home. In the living room, entertain in style with beautiful polaris marble flooring from Greece at your feet in the comfort of a discreet ducted air-conditioning system. For the master bedroom and bathroom, Cliveden at Grange is fitted with Poliform walk-in wardrobes and designer bathroom fittings from Hansgrohe Axor Starck X-Collection, Villeroy & Bosh as well as Sovereign Florence long-bath with built-in whirlpool.

Wine and dine at The Club at Cliveden which comes complete with a Bar, Billiard Corner, Cigar Terrace and Roof Garden. Take the party outdoors using the Outdoor Gourmet equipped with designer kitchen facilities and lounge about at the retreat alcove at the foot of every tower, complete with cabanas and spa pool.

Cliveden at Grange is now available for immediate occupation. For the pleasure of ownership, please call + 65 6877 1818.

For illustration only*As of 19 October 2011

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City Pulse 03

CDL Delivers

for Half Year Ended 30 June 2011with Special Dividends Declared

in Suzhou, China

CDL China Acquires

Strong Results

Prime Land SiteCDL registered strong performance for its unaudited

financial results for the second quarter (Q2) and half year (1H)ended 30 June 2011, with a profit after tax and non-controlling interests of S$220.9 million for Q2 2011 (Restated Q2 2010: S$188.9 million) and S$503.2 million for 1H 2011 (Restated 1H 2010: S$347.5 million).

Property development continues to be a major contributor to the Group’s pre-tax profits. Hotel operations and rental properties segments were the main contributors to increases in the Group’s pre-tax profits for Q2 2011 and 1H 2011.

The basic earnings per share improved for Q2 2011 and 1H 2011 by 17.4% to 23.6 cents and 45.6% to 54.6 cents respectively. The net gearing ratio remains healthy at 22.0%, without factoring any fair value gains on investment properties. The interest cover was at 25.0 times for 1H 2011.

The Group has a strong balance sheet with a healthy cash flow derived from organic cash flow contributed by various core earnings segments.

With a healthy cash flow position that will be further enhanced by progress payments of pre-sold developments yet to be billed and available undrawn credit lines, the Group will be able to withstand and weather potential global financial crisis that could emerge from uncontained debt crisis in US and/or Europe.

In view of the strong performance results, a tax exempt (one-tier) special interim ordinary dividend of 5.0 cents per ordinary share was declared.

SUMMARY OF FINANCIAL HIGHLIGHTS

Q2 2011 Q2 2010*(Restated)

% Change 1H 2011 1H 2010*(Restated)

% Change

Revenue (S$m) 979 982 (0.3) 1,753 1,687 3.9

Profit Before Tax (S$m) 336 276 21.7 673 483 39.3

PATMI (S$m) 221 189 16.9 503 348 44.5

Basic Earnings Per Share (cents) 23.6 20.1 17.4 54.6 37.5 45.6

Net Asset Value Per Share (S$) 7.18 6.65 8.0

OPERATIONAL REVIEWS AND FUTURE PROSPECTS

Some slowdown in the private residential property market is expected on the back of more cautious sentiments in light of global uncertainties and cautionary remarks made by the Government on the residential property market.

However, the Group has locked in healthy sales of numerous projects under development. In 1H 2011, along with joint-venture associates, the Group sold a total of 809 units with sales value of S$793.9 million. In 1H 2011, no profits were realised from H20 Residences, Hedges Park or Buckley Classique as the construction of these projects have yet to begin.

Four property launches are in the pipeline, subject to market conditions. The Group has a wide range of properties - from Executive Condominiums, to mid-, to high-end developments that cater to different market segments. The Group can extract and launch the select type of developments, at the appropriate time.

The rental properties segment was a major contributor to profit for 1H 2011 due to the gains recognised on disposal of The Corporate Office and The Corporate Building in Q1 and Q2 2011 respectively. This is part of the Group’s strategy to recycle its assets and rejuvenate its assets portfolio. For 1H 2011, the Group’s office portfolio continued to perform well with an occupancy rate of 93.2%, as compared to the national average of 87.5%.

Despite the volatility in the global markets, the office sector in Singapore is expected to remain steady and healthy. With the revised positive GDP forecast of 5% to 6% in 2011, there is potential room for office rentals to grow gradually.

LAND TENDER AT SERANGOON GARDEN WAY

On 17 August 2011, CDL and Hong Realty (a subsidiary of Hong Leong Group) successfully made the highest bid of S$105,000,000 for a 99-year leasehold landed housing site located at Serangoon Garden Way, under their wholly-owned subsidiaries Sunmaster Holdings Pte. Ltd. and Garden Estates (Pte) Limited respectively. CDL holds a majority stake in the joint venture.

CDL China Limited, a wholly-owned subsidiary and the China division of CDL, successfully acquired a prime site with permissible gross floor area (GFA) of 295,455 square metres (approximately 3.2 million square feet) on which it will build high-end residential apartments comprising some 750 units, an office tower, a retail mall and a luxury hotel.

The acquisition was made through Global City International Ltd., a wholly-owned subsidiary of CDL China, and represents one of the largest deals in terms of GFA in the history of CDL. The prized land parcel was acquired through a government land tender held on 27 July 2011 for RMB 886 million (approximately S$167 million based on an exchange rate of 1RMB to S$0.1881), which represents a price per square metre (psm) per plot ratio of RMB 3,000 psm.

CDL China’s latest 4.5-hectare site is located in the heart of the Suzhou Industrial Park (SIP) and in the vicinity of other sizable commercial projects by international developers like Wharf (Holdings) Limited and Sun Hung Kai Properties. A major subway line several blocks to the north

Situated in an established residential area, the 28,401.5 square-metre site is in close proximity to a host of amenities, such as restaurants, well-known eating establishments and supermarkets at the nearby Serangoon Gardens Village, as well as elite local and international schools, such as Nanyang Junior College and Stamford American International School. It is also conveniently located near the Central Expressway.

CDL is not a stranger to the Serangoon Gardens area, having launched the Goldenhill Park Condominium in 2001 and Goldenhill Villas, a freehold terrace housing development in 2004 – both within close vicinity of the Lorong Chuan MRT station. The latter was the last landed housing development undertaken by CDL in recent years.

of the site is under construction and will commence operation next year, further enhancing the value of the CDL China site.

“Over the years, Suzhou has become one

of the strongest economic powerhouses in

China, supported by its strong base of high-

value industries. As the Chinese economy

continues to expand to the next level,

Suzhou’s economy and real estate market

will no doubt continue to benefit from this

growth. Its close proximity to a key financial

centre like Shanghai further underlines the

bright prospects surrounding Suzhou. It is

our privilege to be able to develop a prime

piece of land in this beautiful city. We have

the opportunity to create a world-class

project in a city-centre location, which is the

cornerstone of CDL China’s strategy.”

Mr Sherman KwekChief Executive Officer CDL China Limited

The site boasts unobstructed views of the scenic Jinji Lake (金鸡湖) to its south.

* The 2010 comparative figures have been restated to take into account the retrospective adjustments arising from the adoption of INT FRS 115 - Agreements for Construction of Real Estate.

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City Pulse 05

Measuring UpInternational

Best Practices

to

in Sustainability Recognised bythe Building Industry in Singapore

VisionaryLeadership

CDL is honoured to be selected as an index component on the Dow Jones Sustainability Indexes (DJSI World and DJSI Asia Pacific). The results of the DJSI Review were unveiled on 8 September 2011. This makes the Company the only Singapore corporation to be listed on both Dow Jones Sustainability Indexes and FTSE4Good Index Series.

Launched in 1999, Dow Jones Sustainability Indexes (DJSI) is the first global sustainability benchmark that assesses leading-edge companies on their long- term economic, social and environmental asset management plans. It is also one of the most creditable reference points in sustainability investing for investors and companies globally. It is managed cooperatively by Dow Jones Indexes and Sustainable Asset Management (SAM). Industry leaders from SAM Research’s stringent Corporate Sustainability Assessment are chosen to be listed on the DJSI. The DJSI comprise global and regional benchmarks including European, Eurozone, Nordic, North American, US, Asia Pacific, and Korean indexes.

Under the “Real Estate” sector of DJSI, the Company scored well in its economic, environmental and social performance. When benchmarked against the

Asia Pacific standards, CDL was particularly strong in the areas of environmental reporting, environmental policy/management, biodiversity, operational eco-efficiency and stakeholder engagement.

CDL has also been the only Singapore developer to remain listed on the FTSE4Good Index Series since 2002 and the only Singapore company to be ranked amongst the Global 100 Most Sustainable Corporations in the World in 2011 announced at the World Economic Forum. The FTSE4Good Index Series is a series of benchmark and tradable indices that measures the performance of companies’ corporate responsibility and facilitate investment in those selected companies.

“We are very pleased to be listed

on DJSI. For over a decade now,

CDL has strategically embraced

environmental responsibility into our

business for continued growth and

business excellence, conserving as

we construct. Sustainability requires

long-term commitment in which CSR

considerations are integrated with

the competitiveness of a company’s

core business. We believe that going

forward; this is the responsible way

to achieve business success and

sustainability. Being benchmarked

against global sustainability leaders

and their best practices helps affirm

that we are moving in the right

sustainability path and encourages us

to make further improvements.”

Mr Kwek Leng JooManaging Director, CDL

“We are pleased to be conferring

on Mr Kwek Leng Joo, Managing

Director of City Developments

Limited, the title of Honorary

Fellowship. Mr Kwek is an ardent

proponent of sustainability and

is recognised for his visionary

and pioneering leadership in

advocating and implementing

sustainable practices. CDL is well

known for its innumerable and

praiseworthy achievements in the

Green Mark scheme and other

green initiatives including being

the first developer to be awarded

the Green Mark Platinum

Champion. Their unwavering

commitment and relentless

drive to uphold the tenets of

sustainability is clearly laudable.”

Mr Seah Choo MengPresident,Society of Project Managers

CDL – the only Singapore corporation listed on both Dow Jones Sustainability Indexes and FTSE4Good Index Series as well as ranked amongst the Global 100 most Sustainable Corporations in the World in 2011.

Mr Kwek Leng Joo (right) receiving the conferment of Honorary Fellowship from Mr Seah Choo Meng (left), President of the Society of Project Managers.

the highest rating for green developments in Singapore. This makes CDL the recipient of the highest number of Green Mark Awards amongst private developers to-date.

The Society of Project Managers award is positive proof of Mr Kwek’s unwavering vision and dedication in championing the sustainability cause. By instilling his values on green causes into the corporate culture of the group, Mr Kwek has steered CDL into an inimitable organisation that balances financial success with a strong environmental conscience.

But beyond the fanfare, the message of the night reminds the movers and shakers of the construction industry of the important work that lies ahead of them. Mr Kwek used the opportunity to encourage the industry to embrace greater environmental responsibility as the way forward.

It was a message that struck a firm chord with the guests of the evening.

Mr Kwek Leng Joo, Managing Director of CDL, added another feather to his cap when the Society of Project Managers awarded him with an honorary fellowship on 6 October 2011. The occasion was marked with an annual dinner in the presence of some 650 project managers and other members of the construction industry.

The event was even more special because Mr Kwek is the first non-engineer to receive this prestigious recognition from the society for his vision and contributions to environmental sustainability for over a decade.

Long before it was trendy to say your company supports green causes, Mr Kwek steered CDL into a corporation way ahead of its time.

Under his leadership, CDL took the lead in environmental-conscious practices among property developers in Singapore.

Locally, CDL was conferred the coveted President’s Award for the Environment in 2007. Since the BCA Green Mark certification scheme for buildings was initiated in 2005, CDL has received over 50 Green Mark Awards, with 16 of them being the Green Mark Platinum tier –

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City Pulse 07

A busload of visitors have been visiting Singapore’s City Square Mall at Kitchener Road this week – not to shop for gifts to take home, but to find new ideas for green buildings.

Instead of window shopping for the latest fashions, the visitors perused a broad range of eco-friendly features, from passive design features that naturally maximise lighting, air flow and shading, to high-tech solutions that increase energy efficiency and save water.

Singapore’s first eco-mall was one of several destinations that the Republic’s Building and Construction Authority (BCA) had earmarked for delegates who are in town for the International Green Building Conference (IGBC).

This week’s green building conference in Singapore, a three-day summit that includes the BEX Asia building exhibition at Suntec Convention Centre, has attracted roughly 8,000 experts from around the world, some of whom took the opportunity to view a few of the country’s most notable green buildings on tours arranged by Building and Construction Authority (BCA) – the agency that runs Singapore’s green building certification scheme.

The 30 visitors did not have to look hard for signs of the mall’s eco-friendly theme. Evidence is everywhere, from the tropical rainforest-inspired sculpture in front of the building to the murals depicting different eco-systems on each of the building’s 11 storeys.

A spokesperson for City Square Mall told Eco-Business the prominent eco-living messages throughout the facility help reinforce the positioning of the mall as Singapore’s first eco-mall. He said that some people visit the mall just to bring things they want to recycle.

Launched in March 2010 by property developer CDL, the mall was the first in Singapore to integrate an urban park on its site to be used as an ecologically-themed venue for community activities and to provide open space for recreation. Called “City Green”, the park has a playground made from

BCA for CEOs

Green Building Experts Shop for Ideas at

Eco-Mall

Breakfast Talk

Singapore’s First

City Square Mall’s eco-park roof features plants, solar panels and rainwater harvesting.

Dr John Keung, CEO of BCA (fourth from left) and CDL’s Mr Chia Ngiang Hong (fifth from left), at the 4th BCA Breakfast Talk for CEOs.

environmentally-friendly construction materials, a butterfly garden, a wide variety of plants and ecologically themed artwork and signs.

City Square Mall said one of the most popular features for shoppers is the Eco-Playground located in the park. According to a Facebook poll they conducted recently, the Eco-Playground topped the list amongst the mall’s other green features.

A green roof that integrates solar panels, rainwater collection, and plants is the hallmark feature of the park. Under the roof is an open air basement area with a water fountain and, occasionally, a stage for community events. In an otherwise sweltering space, CDL installed a solar-powered natural cooling system using the combined effects of the fountain, a vertical green wall and a large fan.

The City Square Mall tour guide – the mall has given tours to over 15,000 school children and 500 green building professionals as part of its outreach – said that events at the fountain area draw crowds of several hundred people.

Keeping those people cool and comfortable hasn’t left City Square Mall with a large electricity bill. In the first year of operation, green building features saved City Square Mall over 11 million kilowatt hours (kWh) of electricity and more than 20,000 cubic metres of water – enough to fill 10 Olympic-sized swimming pools.

At that rate, CDL will recoup the money it spent on added green features – about five per cent of overall costs – in about four years.

Some of the developer’s added cost items included double-glazed windows that allow maximum natural light while blocking much of the sun’s heat, rainwater harvesting systems, motion detectors to keep led lights and escalators on minimal power when not in use and a state-of-the-art air-conditioning system.

CDL planned these and other green building features from the beginning of the design stage, a strategy that has won multiple awards for the mall, including the 2008 Cityscape Asia Real Estate Award for best developer in the retail sector, and BCA’s first platinum award for a mall.

But it is not only the physical features that earned the awards or the attention from green building experts; City Square Mall was built to unite a mini-community of vendors, families and other visitors around a common theme of eco-friendly living.

Several measures are in place throughout the mall to encourage sustainable living.

Visitors who come to join community events or to shop at the mall’s 200 shops, need not worry about finding environmentally-friendly transport. The mall is linked to public transport systems, and for visitors driving green cars, the car park has electric vehicle charging stations and designated parking spots for hybrid cars.

As part of the Singapore Green Building Week, the 4th BCA Breakfast Talk for CEOs was held on 16 September 2011 with the aim to galvanise CEOs, CFOs and decision-makers of government agencies and international organisations to take immediate actions to protect the environment.

Once visitors arrive, they see prominently displayed recycling bins, and a built-in waste system that separates organic and inorganic waste.

They also see one of Singapore’s first eco-food courts. While all managers of the food venues at City Square Mall are actively encouraged to take up green practices, the food stalls at the Kopitiam basement food court have gone the extra mile by achieving certification through a BCA Green Mark programme for sustainable food courts. The certification recognises sustainability measures such as installing energy and water efficient fixtures, using eco-friendly packaging, separating food waste and used cooking oil for recycling, and supporting customer recycling habits.

Kopitiam’s stall owners are not the only tenants encouraged to go green. City Square Mall said all tenants in the mall receive guidance on using eco-friendly materials and habits. In addition, their electricity and water usage is separately tracked and paid for.

Whether success is measured by energy savings, or retail sales, City Square Mall has clearly done something right: already the mall sees more than a million visitors per year and has a 98 per cent occupancy rate. That’s evidence that the eco-mall has something for everyone whether they’re looking for a new way to monitor carbon emissions, or a new way to wear their handbag.

This article is written by Jenny Marusiak, Deputy Editor, Eco-Business and was originally published on Eco-Business.com on 17 September 2011, after the IGBC (14 to 16 September 2011).

As a mark of their commitment towards sustainability, the session also saw eight leading developers and building owners signing the Green Pledge to attain higher energy efficiency of its existing buildings through the BCA Green Mark Certification by 2020. Group General Manager, Mr Chia Ngiang Hong, represented CDL in this joint commitment with Allgreen Properties Ltd, Ascendas Land (Singapore) Pte Ltd, CapitaLand Limited, Frasers Centrepoint Limited, Furama Hotels International, Keppel Land Limited and Lend Lease.

during the International Green Building Conference,

part of the Singapore Green Building Week 2011

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City Pulse 09

CDL Applauds

for RaisingProductivity through Excellent EHS Practices

ExemplaryBuilders

CDL held its 7th CDL 5-Star Environmental, Health and Safety (EHS) Excellence Awards ceremony on 18 August 2011 at the H2O Residences show flat. The event was graced by Guest-of-honour, BG (NS) Tan Chuan-Jin, Minister of State for Manpower and National Development.

The annual Award recognises CDL’s builders for their excellent performance in EHS. For the first time, a new category, the CDL Productivity Excellence Award, was introduced, signaling CDL’s focus towards promoting higher productivity at its worksites – a new sustainability milestone for the Company. This inaugural award went to Dragages Singapore Pte Ltd for The Arte and Tiong Seng Contractors (Pte) Ltd for Parc Emily, recognising their concerted efforts to drive productivity onsite, through the adoption of technology, innovative methods of construction and efficient designs.

The prestigious CDL 5-Star EHS Excellence Award went to SsangYong Engineering & Construction Co. Ltd

“I am heartened to see CDL championing

the push for productivity improvements

through advocating the use of drywalls,

precast and prefabrication construction as

well as strut-free basement construction in

its projects. In fact, at this very project site,

CDL has adopted the construction methods

which I have just mentioned. This epitomises

CDL’s commitment to lead a paradigm shift

in the industry to support the Government’s

productivity drive.”

BG (NS) Tan Chuan-JinMinister of State for Manpower andNational Development

From left to right:

Mr Ahn Kook Jin, Managing Director of SsangYong Engineering and Construction Co. Ltd, Mr Ludwig Reichhold, Managing Director of Dragages Singapore Pte Ltd, Mr Kwek Leng Joo, Managing Director of CDL, BG (NS) Tan Chuan-Jin, Minister of State for Manpower and National Development and Mr Pek Lian Guan, Managing Director of Tiong Seng Contractors (Pte) Ltd.

BG (NS) Tan Chuan-Jin (second from left), Dr John Keung, (first from right) and Mr Kwek Leng Joo (third from left) on

a tour of H2O Residences showflat.

for W Singapore Sentosa Cove and Tiong Seng Contractors (Pte) Ltd for Shelford Suites.

The Award was first introduced in 2005 and is an integral part of the CDL 5-Star EHS Assessment System initiated in 2001 to provide CDL with an independent audit tool for assessment of its builders’ EHS management and performance. Each quarter, audits are conducted by an independent EHS audit firm recognised by the Ministry of Manpower (MOM), after which the results are presented to the top management of the builders during the quarterly CDL 5-Star EHS Seminars. These seminars are a valuable platform to promote sharing of best practices to encourage better EHS performance amongst the builders.

CDL’S INITIATIVES FOR WSH EXCELLENCE

A. CDL 5-STAR EHS EXCELLENCE AWARD FOR BUILDERS

• The CDL 5-Star EHS Excellence Award was introduced in 2005 to recognise builders who have excelled in the CDL 5-Star EHS Assessment over a one year period. The Award is currently into its 7th year (2011).

• The Award is based on a per builder on a per project development basis for the year of assessment. The criteria for the Award is as follows: i. CDL 5-Star EHS audit conducted at least 3 times in the year of assessmentii. Overall average of 5 star rating achieved (>=86.0)iii. Zero fatalitiesiv. Zero dangerous occurrencesv. Accident Frequency Rate (AFR) < 1 accident per million man-hours workedvi. Zero stop work ordervii. Zero permanent disablementviii. Zero environment-related fines from the authoritiesix. Zero written complaints to the mediax. Injury rate < 25% of the construction industry rate for the yearxi. WSH bizSAFE Partner certification

(Should there be any fatalities before announcement of results, builders will be disqualified.)

B. INAUGURAL CDL PRODUCTIVITY EXCELLENCE AWARD FOR BUILDERS

• In line with the national productivity drive, CDL introduced this new award to recognise the efforts of our builders who have made a concerted effort to drive productivity on site through the adoption of technology, innovative methods of construction, efficient designs, etc.

• Projects must be completed at the time of assessment to be eligible for this annual Award.

• The Award is assessed mainly on CDL’s sustainable development objectives which are in line with the Government’s policy on improving productivity. The criteria for the Award are as follows:

- BCA Construction Productivity Award winner [Platinum]- CONQUAS score to be amongst top 20 in the industry in BCA’s published rankings- CDL 5-Star EHS Assessment (to achieve overall 5-star rating)

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City Lifestyle 11

in AsiaM&C

its FootprintA Top City Hotel Expands

Millennium & Copthorne Hotels plc (M&C), CDL’s hotel arm, may be listed in London but it plans to expand its footprint in China, India and the Middle East. As part of its expansion plans, M&C has recently acquired a land site located in the exclusive Ginza district of Tokyo. This will be M&C’s first hotel in Japan.

M&C plans to build a 325-room deluxe hotel with separate dining and carpark facilities. Construction is scheduled for completion in the last quarter of 2014.

The development will be project-managed by one of Japan’s biggest integrated real estate developers, Mitsui Fudosan Co. Ltd, under a co-branding arrangement between the “Millennium” and “Mitsui Garden Hotel” brands. Mitsui Fudosan has been a business associate of Hong Leong Group since the mid-1960s.

“Asia is growing and the ground is very fertile. It definitely is a region that is rich in opportunity,” said Mr Lim Boon Kwee,

Unique personal preferences are understood and addressed flawlessly with

The St. Regis Butler Service, a treasured hallmark of the St. Regis experience.

M&C will be leaving its footprint in the bustling district of Ginza, Tokyo with its plans to build a 325-room hotel.

Superbly located in the heart of prestigious downtown, The St. Regis Singapore is where unsurpassed luxury resides.

Senior Vice-President for Millenium & Copthorne International Hotels Limited (MCIL), the Singapore regional arm of the M&C Group, who recently sat down with Singapore’s main newspaper, The Straits Times, to talk about M&C’s expansion plans.

In the Middle East, at least another 20 management contracts are in the pipeline. Mr Lim said while the disasters in Japan and New Zealand caused minor business disruptions, contributions from Singapore and Asia have been healthy enough to counteract those effects.

However, Mr Lim revealed that M&C is not limiting its growth plans to the Asian region.

“We’re still looking at opportunistic acquisitions in gateway cities in Western countries... at expanding further into the European market and to add to our portfolio in the US and the United Kingdom.”

Travel + Leisure World’s Best Awards 2011 Readers’ Survey has ranked The St. Regis Singapore as 91st among Top 100 Hotels Worldwide and 8th in the category of Top City Hotels in Asia. It also ranked the hotel’s Remède Spa 10th for Top 10 Hotel Spas Worldwide and 3rd for Top 10 Hotel Spas in Asia.

These accolades were made even sweeter by the fact that The St. Regis Singapore was the only Singapore hotel to make the list, while Remède Spa was the only Singapore spa featured in the rankings.

“Seasoned travelers like Travel + Leisure readers have asserted The St. Regis Singapore as one of the best hotels in the world, especially in Asian cities where we ranked eighth. We are honoured by the recognition, and mandate of travelers who voted for us. The St. Regis Singapore remains committed to our promise of delivering exceptional service and refined living for our guests,” said Mr Ananda Arawwawela, Managing Director of The St. Regis Singapore.

Within the Asia Pacific, The St. Regis Singapore also picked up Starwood divisional awards for “Best Public Relations”, “Best Brand Ambassador St. Regis” and “Best Care for Community”.

As a celebratory deal, The St. Regis Singapore is offering a 20% reduction on the best available weekend rate beginning at S$304++ for an Executive Deluxe Room, inclusive of an epicurean breakfast at Brasserie Les Saveurs.

For room reservations, please email [email protected].

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City Lifestyle 13

M&C MendsBroken Hearts

Live to EatNew Diabetic Menu

with

Millennium & Copthorne in the Middle East (M&C) in collaboration with Mafraq Hospital in Abu Dhabi, has developed a menu specially for diabetics. The Middle East is ranked one of the highest in the world with diabetes as a prevalent disease.

Available in nine M&C hotels across the Middle East – Copthorne Al Jahra Hotel (Kuwait), Millennium Hotel Doha, Grand Millennium Al Wahda (Abu Dhabi), Millennium Hotel Abu Dhabi, Kingsgate Hotel Abu Dhabi, Grand Millennium Dubai, Millennium Airport Hotel Dubai, Copthorne Hotel Dubai and Millennium Hotel Sharjah – the menu is both tasty and nutritionally balanced. It helps to control blood glucose levels, blood fats, and blood pressure.

Millennium & Copthorne Hotels plc (M&C) has partnered with the British Heart Foundation (BHF) to raise £100,000 over the next two years for BHF’s Mending Broken Hearts Appeal.

With the goal of raising £50 million to fund research and ‘mend broken hearts’ in as little as 10 years, it is the national heart charity’s most ambitious project to date. Heart and circulatory disease is the UK’s biggest killer.

Launched on 1 August 2011, the partnership will involve all 19 M&C hotels across the UK to promote cardiovascular awareness. Each hotel received a partnership pack containing Mending Broken Hearts pin badges, poster, collection tins and a toolkit containing fundraising ideas and tips for the hotels over the next two years.

“This is the first time M&C has elected a corporate charity… that will one day have such a positive impact for our staff, customers and local communities. The next two years are going to be a very exciting time for us all and we are looking forward to the opportunities this relationship will bring to all areas of the business”, said Mr Ronnie White, Vice President of Human Resources, M&C Europe.

Grand Millennium Al Wahda offers a separate menu with tasty and nutritionally balanced options as approved and recommended by dieticians in Mafraq Hospital, an award-winning hospital for providing quality care for patients.

Special diabetic dishes coded with their distinctive blue circle.

The Millenium Gloucester Hotel London is one of the participating hotels in BHF’s Mending Broken Hearts Appeal.

This initiative aims to raise £50 million in 10 years.

“Many people don’t realise how important a balanced diet can be, and for those that do, dining out can seem like a minefield. These new menu options offer guests an easy choice with tasty, nutritionally balanced and dietician approved meals bursting with flavour. We are proud to take this positive step as a responsible and responsive organisation,” said Mr Ali Lakhraim, President and Chief Executive Officer of M&C Hotels and Resorts.

Dishes on the diabetes menu were first added to the room service menu and the buffet. The second phase will introduce diabetes-friendly options to the Group’s restaurants.

M&C has also created a new set of menu icons which includes a blue circle. Based on the international symbol for diabetes, it will be placed on each dietician-approved dishes on the room service menu and buffet cards at all the hotels. Diners visiting the buffet will also be alerted to the hospital-recommended portion size.

This is good news to travellers heading out to the Middle East as they can now opt for healthy, diabetes-friendly meals.

M&C is committed to making charity work an integral part of the business. Fundraising activities are written into staff’s Key Performance Indicators (KPIs), and Charity Champions are recruited to inspire and drive charity work across the Group.

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15Caring City

New Generation ofBusiness Leaders –

Young CSR Leaders AwardInaugural CDL-Singapore Compact

In March 2011, the inaugural CDL-Singapore Compact Young Corporate Social Responsibility (CSR) Leaders Award was launched. The inspiration for this initiative lies in the combination of CDL’s long-standing commitment towards corporate social responsibility and the company’s deep belief in the importance of youth development. CDL believes that this award is unique and meaningful in its ability to encourage today’s young leaders to have a commitment towards social responsibility. One of the core objectives of the Award was to

The Asian Sustainability Rating™ (ASR™), lauded as Asia’s most comprehensive and long running analysis of listed companies’ public disclosure on environmental, social and governance (ESG) issues, is in its third year running. Essentially an ESG benchmarking tool developed in collaboration between Responsible Research and CSR Asia, it examines the public information of the leading listed companies in Asian countries and provides investors and stakeholders with an analysis of the strategic sustainability of these companies.

In recent years, there is an increasing importance on ESG disclosure as this information forms part of the criteria for investors when making decisions on risks and opportunities. CDL leads the trend in Singapore, emerging

imbue students with this simple conviction, and to provide them with the opportunity to build upon it meaningful CSR proposals.

The inaugural annual competition was open to all tertiary students between the ages of 17 and 30. Teams of four to six participants from the same institutions banded together to take part in the competition. They were connected to 10 Singapore-based Small, Medium-sized Enterprises (SMEs) representing a diverse range of industries. The SMEs identified specific CSR

aspects that they were concerned with such as labour practices, stakeholder engagements, environmental challenges, supply chain, community etc. Each participating team worked on a CSR strategy proposal for the SME it was matched with.

A total of 27 teams, made up of 143 students, submitted their proposals, out of which, 10 teams were short-listed. The 10 teams were then provided with practical work attachment at the chosen SME as well as mentorship by CSR consultants. The final submissions were judged by a panel of public, private as well as CSR industry experts on 16 August 2011. Team “Precise Consultancy” from the SMa Institute of Higher Learning – Murdoch University, emerged as the champion. “The Changemakers” from the Singapore Management University came in second and “Team NUS” from National University of Singapore came in third.

The winners received their prizes from Guest-of-Honour, Mr S Iswaran, Minister, Prime Minister’s Office and Second Minister for Home Affairs and Trade and Industry, together with Mr Kwek Leng Joo, Managing Director of CDL and Professor Simon Tay, Vice President of the Singapore Compact, during the opening ceremony of the third International Singapore Compact CSR Summit on 5 September 2011. Cash prizes of S$5,000, S$3,000, and S$2,000 respectively were accorded to the top three winning teams.The third International Singapore Compact CSR Summit was held on 5 and 6 September 2011 at Grand Copthorne Waterfront Hotel.

Plenary sessions and workshops held during the two-day conference explored various CSR strategies and challenges by companies from diverse sectors. The Summit also discussed new and developing

Guest-of-Honour Mr S Iswaran (second from right), Professor Simon Tay, Vice President of the Singapore Compact (first from right), Mr Kwek Leng Joo (first from left) with the winning team, Precise Consultancy, from the SMa Institute of Higher Learning - Murdoch University.

CDL Ranks Top in Singapore and the Real Estate Sector – Asian Sustainability RatingTM 2011

Nurturing a “Singapore Compact for CSR plays an important role in driving

the local CSR movement. You encourage companies to embrace

CSR, and help them through training sessions on the GRI

reporting framework... Your partnership with City Developments

Limited to launch the Young CSR Leaders Award is another

example of a platform that the Singapore Compact has built to

promote CSR amongst students and SMEs in Singapore.

Today, as we celebrate the efforts of the winners of the Singapore

Compact CSR Awards, and the CDL-Singapore Compact

Young CSR Leaders Award, I would like to commend Singapore

Compact and all your partners on your good work in promoting

CSR in Singapore.”

Mr S IswaranMinister, Prime Minister’s Office andSecond Minister for Home Affairs and Trade & Industry

as the highest ranked company in Singapore – with an overall place of 17 amongst the 750 companies rated. It was also ranked first amongst all companies in the real estate sector. CDL scored well in the General, Environment and Social sections.

Going beyond financial performance and compliance, CDL’s rigorous sustainability reporting framework has supported its strive towards continued improvements in ESG performance. CDL’s sustained efforts towards improving environmental performance has resulted in 11% reduction in its total carbon intensity emissions from baseline year 2007. The Company has also pledged to reduce its carbon intensity emissions by 22% by 2020 from baseline year 2007, and 25% by 2030.

standards in CSR such as investors’ perspectives, anti-corruption, human rights, workplace diversity, community investment as well as disclosure frameworks and procedures.

Once again sponsored to be carbon neutral by CDL, the event observed environmentally-friendly practices in an effort to reduce its carbon footprint.

Founded based on the National Tripartite Initiatives on CSR, the Singapore Compact functions as a multi-stakeholder platform in recognising the role and contributions of all CSR stakeholders. The key mission is to broaden the base for collaboration between various stakeholders, in developing coordinated and effective strategies to promote CSR in Singapore. CDL has been a founding committee member of Singapore Compact for CSR since its inception in 2005.

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On 1 October 2011, the Singapore Disability Sports Council (SDSC) launched their book, “Dreams: The Living & The Pursuit” that features eleven local para-athletes. Six of them are “Living the Dream” after having been a part of the Beijing 2008 Paralympics. The other five are “The Pursuit” – those with the potential to represent Singapore in the London 2012 Paralympics. Whether it is sailing or swimming, these para-athletes show us the strength of the human spirit and what can be achieved if one never gives up. Each of their compelling stories are told beautifully in the book.

Besides being an inspiration, the book has two objectives: to raise funds and to raise awareness of disability sports. SDSC is the only organisation in Singapore

17Caring City

Mid-Autumn Festival

to the Less FortunateThe Pursuit of

Their Dreams

Singapore! –Providing meals for the home-bound elderly

CheerSupporting Para-Athletes inSpreading

shareURmeal,

On 31 August 2011, volunteers from City Sunshine Club (CSC), CDL’s employee volunteer platform, gave residents of Assisi Hospice a memorable Mid-Autumn Festival party. They decorated the hospice with paper lanterns and brought customary items such as mooncakes and pomelos for a rousing celebration.

Apart from a sumptuous dinner, the participants enjoyed a graceful and traditional fan dance, band performance,

shareURmeal, Singapore! is a community campaign conceived in 2010 by a group of students from Singapore Management University (SMU). It aims to raise awareness about the plight of the underprivileged in Singapore by encouraging the public to send in photos of their meal as a way of generating donations for local food programmes. The beneficiary of this initiative is TOUCH Community Services’ Meals-on-Wheels Programme, which delivers food to home-bound elderly.

The senior management of CDL, Mr Chia Ngiang Hong, Group General

Manager (far left) and Mr Kwek Eik Sheng, Assistant General Manager and Head of

Corporate Development (centre), visiting bedridden residents of Assisi Hospice.

Back row fourth from right: Guest-of-Honour, Mdm Halimah Yacob, Minister of State, Ministry of Community Development, Youth and Sports. Back row second from left: Ms Esther An, General Manager of Corporate Affairs and Head of CSR, CDL.

A traditional fan dance performed by staff of CDL.

Chinese ballads and a wushi demonstration, all performed by senior management and staff of CDL. Some members of the management went on to distribute mooncakes to the bedridden residents who were unable to join in the celebrations at the main hall.

CSC volunteers also organised a mooncake and food distribution session to the elderly at Indus Road on 2 September 2011, followed by another rousing mooncake party for the children of Arc Children’s Centre, held at the Le Grove Serviced Apartments on 8 September 2011.

The festive cheer spread further to another group of young beneficiaries from Children’s Aid Society on 10 September 2011 when the children were treated to an exciting Mid-Autumn Festival celebration with a twist at City Square Mall. Games, magic and juggler shows were the highlights of the memorable evening.

For the second year, CDL supported this noteworthy exercise by donating S$3 for every photo of meals that participants sent in to [email protected]. All food photos were uploaded to shareURmeal’s Facebook page. The 2011 campaign took place from 22 to 28 August 2011 and it reached the target of 1,600 photos in a mere three days.

that provides sports for persons across all forms of disabilities.

All the photographs in the book were taken by a team of six voluntary photographers led by Mr Kwek Leng Joo. Each of the photographers visited the athletes at their home to learn about them, as well as to photograph them in their most comfortable setting. CDL also provided the venue at City Square Mall for the book launch and the photo exhibition (which ran from 1 to 9 October 2011).

“The human spirit is

stronger than we think.

This has been repeatedly

proven in times of difficulty.

Dreams, the Living and

the Pursuit is yet another

testament of the tenacity

of the human spirit and the

inspiration of dreams.”

Mr Kwek Leng JooManaging DirectorCDL

Photo courtesy of Mr Zack Wong from Tilt Pte Ltd.

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Caring City 1919

As an organisation that cares, CDL has stepped forward yet again to support environmental causes in the community.

NUS INAUGURAL CLIMATE ACTION DAY 2011

Sustaining its support for green efforts by tertiary institutes, CDL contributed to the National University of Singapore (NUS) inaugural Climate Action Day 2011 held on 6 September 2011. The Climate Action Day may only be a one-day event to fight climate change through waste reduction, but it aims to sustain more lasting effects through the year with its mantra of “Reduce, Reuse, Recycle and Replenish”.

On 6 September 2011, dustbins in the compound of the institute were removed to reinforce the message of recycling and reusing, and the immense benefits such little thoughtful actions can bring.

Organised by SAVE (Students Against Violation of the Earth), Climate Action Day is an extension of the NUS Green Carnival, for which CDL was a founding partner and supporter since 2007.

The decorated reusable plastic containers were transformed into unique, meaningful flowerpots.

CDL participants at the NEA-MediaCorp Semakau Run with Guest-of-Honour

Dr Vivian Balakrishnan (sixth from right), Minister

for the Environment and Water Resources.

Guest-of-honour Dr Amy Khor (fourth from right), Mr Tan Yong Soon (third from right) and Ms Esther An (second from right) at the Climate Action Day 2011 Opening Ceremony.

The inaugural NUS Climate Action Day serves to reinforce the message of reducing, reusing, recycling and replenishing.

Environmental CausesCDL withForges Ahead

The Guest-of-Honour was Dr Amy Khor, Minister of State, Ministry of Health, Mayor, South West District and Deputy Government Whip. Ms Esther An, General Manager (Corporate Affairs) and Head of Corporate Social Responsibility (CSR) of CDL attended the event among other special guests that included Mr Tan Yong Soon, Permanent Secretary of the National Climate Change Secretariat, Professor Leo Tan, Director (Special Projects) of Faculty of Science, NUS and Mr Tan Wee Hock, Director (3P Network Division) of National Environment Agency (NEA).

LONGEST LINE OF FLOWER POTS

In celebration of the Mid-Autumn Festival, City Square Mall partnered NEA to set a record in the Singapore Book of Records. The mall held “Shiny Eco Workshops” from 27 August to 11 September 2011 during the weekends. During these workshops, the public had a chance to display their creativity by decorating the reusable plastic containers contributed by NEA. The decorated containers were then transformed into unique, meaningful flowerpots, combined into one long line and entered into the Singapore Book of Records for “The Longest Line of Flower Pots”.

This record-breaking event was held on 10 September 2011, 8.30pm at City Square Mall’s Basement 1 Fountain Square. Mr Edwin Tong, Member of Parliament for Moulmein - Kallang GRC, was present to grace this record-breaking event. To fully demonstrate the spirit of 3Rs (Reduce, Reuse and Recycle), the flower pots were transformed into Mid-Autumn Festival lanterns for shoppers to bring home after the record-breaking event.

The aim of the eco-workshops was to encourage shoppers to be a part of the mall’s on-going efforts to protect the environment, while enabling them to explore their creative side. These workshops were a great way to enhance the eco-learning experience at City Square Mall, while making festive celebrations fun and meaningful. This partnership with NEA also served as a reminder to shoppers on the importance of their personal responsibility towards clearing stagnant water in their flower pot plates at home to prevent breeding of mosquitoes.

NEA – MEDIACORP SEMAKAU RUN 2011

The high-profile run was held on 8 October 2011. Corporations pledged their commitment to address environmental concerns since its inception in 2007.

To date, over S$1.5 million has been raised through the event. All proceeds of the run went directly to charities and other lobby groups like the Singapore Environment Council, Nature Society (Singapore), HCA Hospice Care, APSN Katong School and Children’s Cancer Foundation.

A total of 11 CDL staff took to the great outdoors and participated in the 5-km run or 1.3 km Fun. Two CDL staff, Ong Siew Toh and Chua Boon Bee came in second and third place respectively for the run. CDL has supported this annual fund-raising event since the inaugural NEA Corporate Environmental Outreach Run in 2007.

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City Forum 21

City News

Advisor: Mr Kwek Leng JooEditor-in-chief: Ms Esther AnEditor: Ms Belinda LeeProduced by Corporate Communications Department, City Developments LimitedWebsite: www.cdl.com.sg Company Registration Number: 196300316Z

Published by City Developments Limited. No reproduction, in part or in whole, of the newsletter may be made without prior permission of the editor. The views expressed in this newsletter do not necessarily reflect those of the organisation. Information is correct at time of printing and is subject to changes. Visual representations such as pictures and drawings are artists’ impressions only and are subject to changes. MICA (P) 008/11/2011Designer: acorn creative agency pte ltd Printer: Dominie Press Pte Ltd

Cover visual courtesy of Mr Kelvin Lim Fun Kit

City Gallery 21

of An Upcoming Sculptural Icon

Reducing Water Footprint:The Story of the Better Cotton Initiative

By Stuart Orr

Four years after WWF first demonstrated how to cultivate cotton using less water and fewer harmful chemicals, the first “Better Cotton” has been produced in India and Pakistan.

More than 90% of the water taken from the Indus river in Pakistan and the Godavari in India is used to irrigate crops – particularly those considered “thirsty,” such as cotton. Agriculture is the main source of income for rural communities, but it’s also the main user of water. What’s more, cultivation of cotton is responsible for half the pesticide use in India. In Pakistan the figure is around 75%.

The result is contaminated water and reduced water levels, which are harming people and wildlife living along these rivers. For example, pollution and fragmentation of the Indus River has caused numbers of the endangered Indus river dolphin to plummet to just 1,600.

In 2006, in collaboration with IKEA, and with support from the European Commission from 2007, WWF set out to help create solutions to these problems. By working with businesses, governments, farmers and others, we helped develop practices that would enable cotton farmers to use lower volumes of water, synthetic pesticides and chemical fertilisers – while increasing their yield and gross margins.

The practices are not high-tech. For instance, we suggested irrigating alternate furrows, rather than flooding entire crop fields. We encouraged farmers to water only when their plants really needed it – and came up with tips to identify when this was. And we promoted the use of natural materials rather than chemicals to fertilise their land. We also taught them to distinguish between pests on their crops and insects that are beneficial, and to use organic pest control.

It was tough to convince some farmers at first, which is why we ran farmer field schools and established demonstration plots, so the farmers could see the results

Park lovers who frequent the Bishan green corridors may have noticed a striking sculpture perched atop a hill by the river in the newly redeveloped Bishan Park which is due to open in the coming months.

Titled “An Enclosure For A Swing”, the sculpture is set in a landscape which celebrates movement with its meandering waterways and has been designed as an observatory in which park visitors can share a rare intimacy with Nature. The undulating steel ribbons imbue a sense of movement by outlining the intangible space created by the motion of a swing while a non-moveable swing seat inside the sculpture cavity allows

A Glimpse

you a restful moment to observe and contemplate the wonders of Nature. The sculpture’s artist Mr Kelvin Lim Fun Kit, has a keen interest in the notion of ‘border’; constantly exploring what has to change in order to cross it physically and in the mind. Privacy is an instance of a specific border that is recurrent in his works and he does so in this piece through the space of a swing.

Commissioned by CDL, this sculpture was the winning work of the 4th CDL Singapore Sculpture Award, selected out of a record number of 408 entries. Held for the 4th time in 2009, participants were invited to create a sculptural icon based on the theme Reconnection which explores the intricate relationship between nature and man. They were challenged to create an iconic landmark which reflects the unique identity of the park and its relationship to the surrounding features, with interactive elements that will engage park users.

Initiated by CDL in 2002, the biennial CDL Singapore Sculpture Award is Singapore’s first and only nation-wide competition for the sculptural art form aimed at cultivating a greater appreciation for sculptures . For its sustained, outstanding contribution to the arts scene in Singapore, CDL recently received the Distinguished Patron of the Arts Award in September 2011. CDL was conferred the Patron of the Arts Award in 2007 and has been a recipient of the Friend of the Arts Award since 1997.

“An Enclosure For A Swing” is designed as an observatory in which visitors can share a rare intimacy with Nature.

ABOUT WWF

WWF is one of the world’s largest and most respected independent conservation organizations, with over 5 million supporters and a global network active in over 100 countries. WWF’s mission is to stop the degradation of the earth’s natural environment and to build a future in which humans live in harmony with nature, by conserving the world’s biological diversity, ensuring that the use of renewable natural resources is sustainable, and promoting the reduction of pollution and wasteful consumption.

Visit www.panda.org/news for latest news and media resources.

for themselves. “It’s really inspiring to see how enthusiastically farmers have embraced these changes,” says Ms Becci May, South Asia Freshwater Programme Manager with WWF-UK. “So many farmers are adopting these techniques, it’s becoming more difficult to find ‘control’ plots to measure performance against.”

The results speak for themselves. For example, in 2009, around 25,000 cotton farmers in Pakistan were using these practices on 100,000 hectares. These farmers have reduced their use of water by 39%, pesticides by 47% and chemical fertilizer by 40% on average. And their income has increased by 11% – largely thanks to a reduction in the amount they spend on synthetic pesticides and fertilisers. In 2010, in India and Pakistan, WWF was working with almost 50,000 farmers.

In 2010, the first cotton produced in Pakistan and India that meets the criteria of the Better Cotton Initiative hit the market.

This means partners who’ve supported our work, including IKEA and Marks & Spencer, can begin to meet their commitments to source cotton that they know has a lower impact on the environment, people and wildlife. Their demand will ensure a market for the farmers who are making these positive changes.

Stuart Orr, Manager, Global Freshwater Programme, WWF International, works with the private sector on a range of water related activities, from water footprint measures to public policy engagement.

Photos courtesy of Mauri Rautkari/WWF-Canon

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