City Developments

City Developments, a Singapore-based real estate services company, reported total emissions of approximately 15,529,000 kg CO2e in 2025. This includes Scope 1 emissions of 98,000 kg CO2e, Scope 2 emissions of 10,484,000 kg CO2e, and Scope 3 emissions of 4,947,000 kg CO2e. In 2024, total emissions were about 15,873,000 kg CO2e, comprising 217,000 kg CO2e for Scope 1, 10,774,000 kg CO2e for Scope 2, and 4,882,000 kg CO2e for Scope 3.

City Developments has set Science Based Targets initiative (SBTi) validated targets. It is committed to reducing Scope 1 and 2 GHG emissions by 63% per square metre leased area by 2030 from a 2016 base year. The company also aims to reduce Scope 3 GHG emissions from purchased goods and services by 41% per square metre Gross Floor Area (GFA) by 2030 from a 2016 base year, and absolute Scope 3 GHG emissions from investments by 58.8% by 2030 from a 2016 base year. These targets are aligned with a 1.5°C warmer scenario.

The company has 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. Furthermore, City Developments aims for all its buildings to be net-zero carbon by 2050, with maximum reduction of embodied carbon in new developments and offsetting any remaining residual operational and upfront embodied emissions for new developments by 2030. In 2023, the company achieved a 14% reduction in total operational carbon emissions across its business operations in Singapore compared to 2022, meeting its interim 2023 target. 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.