SUSTAINABILITY

The Reporting Framework is made up of the Sustainability Reporting Guidelines. The components contain reporting principles, guidance, and standard disclosures that are generally applicable to all businesses, non-profits, public agencies, and other organizations large and small, across all geographies and regions.

GRI is an Amsterdam-based organization that utilizes an international multi-stakeholders process for creating and reviewing a set of sustainability reporting performance indictors. Today the GRI sustainability reporting guideline is recognized to be the most widely-accepted and referenced standard for preparing and publishing sustainability reports.

The Sustainability Reporting Guidelines are the core elements of the Reporting Framework. They outline content that is broadly relevant to all organizations regardless of size, sector, or location. All organizations seeking to report using the GRI framework should start with the Guidelines.

There are three levels in the GRI Applications Level system, C, B, and A. Plus (+) level status is available at each level (C+, B+, A+) and indicates that external assurance was utilized for the report. Criteria for each level reflects wider coverage of the GRI Reporting Framework (Guidelines and Supplements).

CHI expanded the scope and level of detail on this year’s reporting. This year’s report accounts for the company’s history, its business, the organization and the management systems adopted.

The report not only covers the financial and operational performance as highlighted in the regular annual reporting but also addressed sustainability indicators covering the following aspects:

1. corporate social responsibility;
2. health and safety of its workforce;
3. initiatives to achieve customer satisfaction
4. managing environmental impact of its projects (energy and water usage, waste and biodiversity management)

After the release of the Construction and Real Estate Sector Supplement (CRESS) of the Global Reporting Initiative (GRI) – G3.1 guidelines in 2011, the Company expanded its report, adding the CRESS-specific performance indicators in this 2011 Integrated Annual and Sustainability Report. All CRESS and GRI G3.1 Core (66 core performance indicators and additional indicators) are reported, which sums up to a total of 88 indicators, and thus advancing to the Application Level A, self-declared report.

The 2011 Integrated Annual and Sustainability Report includes all CRESS and GRI G3.1 Core (66 core performance indicators and additional indicators), which sums up to a total of 88 indicators, and thus advancing to the Application Level A, self-declared report.

Its integrated and annual sustainability report was subjected to reviews on:

1. quality assurance using the Deloitte and Touche Sustainability Reporting Scorecard; and
2. compliance using the Global Reporting Initiative (GRI) G3 framework, guidelines and indicators

CHI follows a generally-accepted reporting framework for financial reporting. With a similarly accepted framework for the sustainability report (GRI G3.1 guidelines), CHI’s report, is considered to have the attributes of credibility, consistency and comparability.

By referring to the reporting framework, CHI has taken the initial step to report on matters relevant to the company’s stakeholders. It also simplifies report preparation and assessment, as it helps both the company and its stakeholders gain greater value from sustainability reporting.

CHI seeks to attain and maintain responsible competitiveness in its areas of excellence by implementing international standards both in performance management and reporting.

As part of the company’s continual improvement, CHI aims to:

1. Ensure organizational competence on sustainability – focusing on development programs especially on employees assigned to the areas where sustainability practices make the most difference;
2. Design, plan, and implement strategic stakeholders’ engagement; and
3. Utilize a specific reporting strategy to set targets for improvements in performance.

The Company’s objectives, targets and programs on key result areas are defined in the company’s Corporate BSC which consolidates all the initiatives of the business and corporate services groups relevant to the requirements of the company’s QEHS MS. Communicating and reporting the results of CHI’s performance uses the TBL approach which is also aligned with the standards of the existing management systems.

The alignment is summarized in the table below:

The integration of the systems has served as an effective mechanism across all levels of the organization in putting sustainability at the center of the company’s operations

The 2011 Integrated Annual and Sustainability Report includes all CRESS and GRI G3.1 Core (66 core performance indicators and additional indicators), which sums up to a total of 88 indicators, and thus advancing to the Application Level A, self-declared report.

We are in the business of building livable communities and ensuring the sustainability of these livable communities by enhancing the quality of the environment, and to some extent, to influence the surrounding communities.

That is why we make sure that facilities and amenities are in place:

1. Open landscaped areas that are more than what is prescribed that will serve as the community’s lungs;
2. Separate drainage and sewer systems;
3. Wastewater treatment plants to treat the wastewater to acceptable levels prior to discharge and eventual reuse; and
4. Efficient lighting

On top of these, our property management is in place to ensure that all are working as intended, thereby enhancing the value of the property.

For us, a business should not only be measured by its financial performance but how its operations are tailored to lessen its impact on the environment and the communities that surround it and are interacting with it.