City Developments

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

The company has set several climate commitments and reduction targets. City Developments aims to achieve net zero operational carbon by 2030 for its new and existing wholly-owned assets under direct operational and management control. By 2050, the company pledges to achieve net zero carbon for all buildings.

City Developments has set Science Based Targets initiative (SBTi) validated targets to align with a 1.5°C warmer scenario. These include a commitment to reduce Scope 1 and 2 GHG emissions by 63% per square metre leased area by 2030 from a 2016 base year. Furthermore, the company commits to reduce Scope 3 GHG emissions from purchased goods and services by 41% per square metre Gross Floor Area by 2030 from a 2016 base year. They also aim to reduce absolute Scope 3 GHG emissions from investments by 58.8% by 2030 from a 2016 base year.

In 2023, City Developments achieved a 14% reduction in total operational carbon emissions across its business operations in Singapore compared to 2022. The company has voluntarily reduced its annual carbon emissions to 'net zero' for its Corporate Office operations and 11 Tampines Concourse since 2009.