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).