City Developments

In 2024, City Developments Limited (CDL) reported total carbon emissions of approximately 11,000,000 kg CO2e from Scope 2, 217,000 kg CO2e from Scope 1, and 446,000 kg CO2e from Scope 3 emissions related to upstream transportation and distribution. This reflects a significant commitment to reducing greenhouse gas emissions across its operations. 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, using 2016 as the baseline year. Additionally, the company plans to cut Scope 3 emissions from purchased goods and services by 41% per square metre gross floor area and achieve a 58.8% reduction in absolute Scope 3 emissions from investments by the same year. In a landmark move, CDL became the first real estate conglomerate in Southeast Asia to sign the World Green Building Council's Net Zero Carbon Buildings Commitment in February 2021, pledging to achieve net zero operational carbon by 2030. Furthermore, the company aims for all buildings to be net zero carbon by 2050, with a focus on maximising the reduction of embodied carbon in new developments. Since 2009, CDL has also achieved net zero annual carbon emissions for its corporate office operations, including its data centre and the 11 Tampines Concourse, which is recognised as the first CarbonNeutral® development in Singapore and the Asia Pacific region. These initiatives underscore CDL's commitment to sustainability and its proactive approach to addressing climate change.