Setting High Standards of ESG Governance
Reaffirming our commitment to upholding the highest standards of governance and accountability, we have further enhanced our corporate governance structure to support the integration of ESG principles. As part of this enhancement, the Board has assumed the responsibilities previously held by the Executive Committee, reinforcing Board-level oversight and strategic direction. Our Board comprises members with diverse backgrounds, skills, knowledge, and experience, fostering robust decision-making through the integration of multi-dimensional perspectives.
Guided by CCG’s core values, we have incorporated ESG considerations into business operations and governance. The revitalised ESG governance structure has been established to oversee sustainability matters through a leadership-driven approach from the Board to the ESG Sub-Committees level. We equip management with the skills and competencies necessary to effectively manage sustainability and climate-related risks and opportunities.
The roles and responsibilities of the ESG governance structure and management are clearly defined through the Terms of Reference outlined below:
Board of Directors
Roles
- Composed of seven Board members with diverse expertise
Responsibilities
- Providing strategic guidance that aligns with long-term business objectives
- Strengthening oversight by embedding ESG considerations into high-level decision-making
- Ensuring independent scrutiny among the CEO and the overall ESG governance structure
- Endorsing the annual Sustainability Report
Progress of FY2024/25
- Updates were provided to the Board members at least annually on the Group's ESG performance and key achievements across environmental and climate initiatives, social engagement, OHS and progress on CCG 3050+
CEO
ESG Steering Committee
Roles
- Chaired by the CEO
- Composed of Chief Financial Officer ("CFO"), Chief Operating Officer ("COO"), division heads and chairs of ESG Sub-Committees and Working Groups
Responsibilities
- Overseeing the Group sustainability strategy and management approach
- Assessing targets for Group-level sustainability performance and progress
- Driving integrated decision-making across internal functions
- Confirming the effectiveness of risk management and validating assessment results in sustainability and climate-related risks and opportunities
- Directing ESG Sub-Committees and Working Groups to implement appropriate mitigation and adaptation measures
- Approving the annual Sustainability Report
Progress of FY2024/25
- The ESG Steering Committee held quarterly meetings to ensure timely communication on ESG matters
ESG Sub-Committee -
Governance
ESG Sub-Committee -
Environment
ESG Sub-Committee -
People
ESG Sub-Committee -
Community
Green Tenancy Working Group
Working Groups Roles
- Composed of subject matter experts from different business units and departments
Responsibilities
- Targeting task-specific aspects with significant impact on the Group
- Advancing and supporting the Group's ESG initiatives
- Enhancing tenant engagement
- Driving carbon reduction and sustainability lifestyle for our commercial, retail and residential tenants
- Driving waste management initiatives across our customers and tenants
Progress of FY2024/25
- Working Groups held meetings on a bi-monthly basis and regularly reported progress to the ESG Steering Committee
3050+ Working Group
Responsibilities
- Targeting task-specific aspects with significant impact on the Group
- Advancing and supporting the Group's ESG initiatives
- Maintaining the CCG 3050+
- Setting and reviewing the decarbonisation targets, including Scope 3 emissions
- Tracking decarbonisation performance
- Addressing climate-related risks
ESG Sub-Committees
The four ESG Sub-Committees - Governance, Environment, People, and Community – are responsible for establishing focus areas, defining KPIs, and developing action plans for the annual commitments. The Sub-Committees facilitate the implementation and monitoring of sustainability and climate initiatives across different BUs and departments at the operational level. The ESG Sub-Committees comprise subject matter experts from a range of disciplines.
During the Reporting Period, each ESG Sub-Committee worked to address key priorities, including climate change, sustainable financing, technology, employee development, and creation of positive social impacts. These discussions culminated in:
14
KPIs
92.8%
Achieved
47
action items in total
97.9%
completed
The highlighted commitment is summarised as below:
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Focus Area |
Key KPIs for FY2024/25 |
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Governance
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Environment
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People
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Community
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Focus Area
- Sustainable Finance and Responsible Investment
- Supply Chain Management and Sustainable Sourcing
- Privacy, Data Rights and Cybersecurity
- Innovation and Collaboration
Key KPIs for FY2024/25
- ≥50% of the Group's total financing facilities to be green/social or sustainability-linked
- ≥15 innovation and collaboration projects being tested/adopted/piloted/proposed
- 100% of employees trained on Privacy, Data Rights and Cybersecurity
- 4 sharing and networking sessions provided
Focus Area
- Future-Ready Buildings
- Upgrade buildings to facilitate smart operations
- Resource Management
Key KPIs for FY2024/25
- 100% of suppliers acknowledged (SCOC)
- 90% of existing buildings obtained green building certificates
Focus Area
- Employee Advancement, Development, and Retention
- Diversity, Equity and Inclusion (DEI)
- Wellness, Health, and Safety Enhancement
- Enhancement of Stakeholder Engagement
Key KPIs for FY2024/25
- ≥17.3 training hours received per employee
- ≥3 DEI credentials confirmed
- 100% of employees are covered by the wellness, health, and safety support programme
Focus Area
- Elderly Care and Support for Ageing Population
- Health and Wellness
- Sustainable Cities and Communities
Key KPIs for FY2024/25
- ≥60% of annual donations to projects/NGOs that benefit the elderly and cross-generational integration
- ≥84,000 people served/engaged by activities/events organised by CCG
- 2 pilot projects were evaluated for their social impact
ESG Department
Established in 2022, the ESG Department drives the sustainability agenda for the entire Group. Led by the Senior Associate Director of ESG, the Department is responsible for formulating the Group’s ESG strategy, coordinating training sessions and providing support in developing, executing, and monitoring the sustainability goals, KPIs, and action plans. Additionally, the Department oversees ESG benchmarking, disclosure, and stakeholder engagement initiatives to ensure alignment with global standards and practices. Through its cross-functional coordination and oversight, the ESG Department ensures that sustainability is embedded across the Group’s operations and decision-making processes.
