City Developments

City Developments Limited, a Singapore-based real estate services company, reported total global emissions of 15,529,000 kg CO2e in 2025. This figure comprises 98,000 kg CO2e from Scope 1, 10,484,000 kg CO2e from Scope 2, and 4,947,000 kg CO2e from Scope 3 emissions.

The company has set several ambitious climate commitments:

• Near-term targets (aligned with a 1.5°C warmer scenario):

  • Reduce Scope 1 and 2 GHG emissions by 63% per square metre leased area by 2030, against a 2016 base year.
  • Reduce Scope 3 GHG emissions from purchased goods and services by 41% per square metre Gross Floor Area (GFA) by 2030, against a 2016 base year.
  • Reduce absolute Scope 3 GHG emissions from investments by 58.8% by 2030, against a 2016 base year.
  • Achieve net zero operational carbon by 2030 for new and existing wholly-owned assets and developments under direct operational and management control.

• Long-term target:

  • Achieve net zero carbon for all buildings by 2050, with maximum reduction of embodied carbon in new developments and offsetting for any remaining residual operational and upfront embodied emissions by 2030.

City Developments Limited’s Scope 1 and 2 intensity reduction targets are validated by the Science Based Targets initiative (SBTi) as being consistent with reductions required to keep warming to 1.5°C. The company achieved a 14% reduction in total operational carbon emissions across its business operations in Singapore for 2023 compared to 2022. Since 2009, City Developments has also voluntarily reduced its annual carbon emissions to 'net zero' for its Corporate Office operations, including its data centre and 11 Tampines Concourse.