City Developments Limited (CDL) is a leading real estate operating company headquartered in Singapore (SG), with a strong presence across Asia, Europe, and North America. Founded in 1963, CDL has established itself as a pioneer in the property development and investment sector, achieving numerous milestones, including the development of iconic residential, commercial, and hospitality projects. Specialising in sustainable urban development, CDL offers a diverse portfolio that includes residential properties, commercial spaces, and integrated developments. Their commitment to innovation and sustainability sets them apart in the industry, as they consistently incorporate eco-friendly practices into their projects. Recognised for their excellence, CDL has received multiple awards, solidifying their position as a market leader in the real estate sector.
How does City Developments's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
City Developments's score of 80 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, City Developments Limited (CDL) reported carbon emissions of approximately 4,882,000 kg CO2e in Scope 3 and 144,000 kg CO2e in Scope 2, with no emissions recorded for Scope 1. This reflects a slight decrease in Scope 3 emissions from about 5,101,000 kg CO2e in 2023. CDL has set ambitious targets to reduce its carbon footprint, aiming for a 63% reduction in Scope 1 and 2 emissions per square metre leased area by 2030, based on a 2016 baseline. This target has been validated by the Science Based Targets initiative (SBTi) and aligns with a 1.5°C warming scenario. Additionally, CDL is committed to reducing Scope 3 emissions from purchased goods and services by 41% per square metre of Gross Floor Area (GFA) by 2030, and aims for a 58.8% reduction in absolute Scope 3 emissions from investments by the same year. The company has also pledged to achieve net zero operational carbon by 2030 for its new and existing wholly-owned assets and developments under its direct operational and management control. CDL's climate commitments include a long-term goal of achieving net zero carbon for all buildings by 2050, with a focus on maximising the reduction of embodied carbon in new developments. The company has been proactive in its sustainability efforts, having achieved net zero emissions for its corporate office operations since 2009, including its data centre and the 11 Tampines Concourse, which is recognised as the first CarbonNeutral® development in Singapore and Asia Pacific.
Access structured emissions data, company-specific emission factors, and source documents
2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Scope 1 | 7,363,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000 | 000,000 |
Scope 2 | 22,428,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | 2,148,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
City Developments is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.