City Developments

City Developments Limited, a Singapore-based real estate services company, reported total carbon emissions of approximately 15,529,000 kg CO2e in 2025. This included 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 Limited is committed to achieving net-zero operational carbon by 2030 for new and existing wholly-owned assets under its direct operational and management control.

Validated by the Science Based Targets initiative (SBTi) as consistent with a 1.5°C warmer scenario, City Developments Limited aims to reduce Scope 1 and 2 GHG emissions by 63% per square metre leased area by 2030, from a 2016 base year. They also commit to reducing 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. Additionally, an absolute reduction of 58.8% in Scope 3 GHG emissions from investments is targeted by 2030 from a 2016 base year.

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 target. The long-term ambition is to 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. Since 2009, City Developments Limited has voluntarily reduced its annual carbon emissions to 'net zero' for its Corporate Office operations, including its data centre and 11 Tampines Concourse.