City Developments

City Developments's reported carbon emissions

City Developments (SG) is committed to reducing its carbon emissions, with significant targets for the future. For the reporting year 2025, the company reported total emissions of approximately 15.5 million kg CO2e. This breaks down into approximately 98,000 kg CO2e for Scope 1, approximately 10.5 million kg CO2e for Scope 2, and approximately 4.9 million kg CO2e for Scope 3. In 2024, total emissions were approximately 15.9 million kg CO2e, with Scope 1 at approximately 217,000 kg CO2e, Scope 2 at approximately 10.8 million kg CO2e, and Scope 3 at approximately 4.9 million kg CO2e. The previous year, 2023, saw total emissions of approximately 16.5 million kg CO2e, comprising approximately 88,000 kg CO2e for Scope 1, approximately 11.4 million kg CO2e for Scope 2, and approximately 5.1 million kg CO2e for Scope 3. City Developments has set ambitious climate commitments. Notably, they aim for net zero operational carbon by 2030 for their new and existing wholly-owned assets and developments under their direct operational and management control. Furthermore, they have a Science Based Targets initiative (SBTi)-validated target to reduce Scope 1 and 2 GHG emissions by 63% per square meter leased area by 2030 from a 2016 baseline. An additional SBTi-validated target includes reducing Scope 3 GHG emissions from purchased goods and services by 41% per square meter of gross floor area by 2030, also from a 2016 baseline. They also commit to reducing absolute Scope 3 GHG emissions from investments by 58.8% by 2030, against a 2016 baseline. The company has also pledged to achieve net zero carbon for all buildings by 2050. In recent progress, City Developments achieved a 14% reduction in total operational carbon emissions across its Singapore business operations in 2023 compared to 2022.