Climate Change Data

PT City Retail Developments Tbk

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Economic Performance
  • Sustainability Governance
  • Occupational Health and Safety
  • Customer Health and Safety
  • Community Development and Empowerment
  • Environmental Management and Monitoring

Environmental Achievements

  • The Park Sawangan received BCA Green Mark Certificate Platinum from Building and Construction Authority Singapore.
  • Citimall Ketapang received Edge Certificate from Green Building Council Indonesia.
  • Greening efforts around the office and business unit environment.
  • Donation of 200 trees to the residents of Pekiringan Village, Kesambi, Cirebon, West Java.

Social Achievements

  • Zero work accidents.
  • Implementation of 20 community development programs in 22 different locations.
  • Customer satisfaction survey reached 86%.
  • Business partners satisfaction survey reached 84%.

Governance Achievements

  • Good Corporate Governance (GCG) system implementation throughout 2023.
  • Implementation of an effective and efficient management system.
  • Managing business in compliance with regulations.
  • Considering the aspirations and expectations of stakeholders.

Climate Goals & Targets

Environmental Challenges

  • Slowdown in demand for commercial property (rental and sales).
  • Limited supply, rising energy prices.
  • Labor market conditions.
  • Goods and services market conditions.
  • Changes in government policies and regulations.
  • Internal challenges in developing projects and programs aligned with sustainability principles.
Mitigation Strategies
  • Following economic and market developments.
  • Conducting in-depth analysis to determine appropriate strategies.
  • Adapting to regulatory dynamics.
  • Strengthening the application of environmentally friendly concepts.
  • Improving internal capabilities in developing projects and programs.
  • Managing cash flow to make it healthier and more resilient.

Supply Chain Management

Responsible Procurement
  • Cooperation with local suppliers

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

  • Goal 6
  • Goal 8
  • Goal 9
  • Goal 12
  • Goal 15

The Company's sustainability strategies are designed to support the achievement of the Sustainable Development Goals (SDGs).