City Developments

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

The real estate services company has set several ambitious climate commitments. It aims 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 has pledged to achieve net-zero carbon for all its buildings by 2050, with a focus on maximum reduction of embodied carbon in new developments and offsetting any remaining operational and upfront embodied emissions by 2030.

City Developments has Science Based Targets initiative (SBTi)-validated targets. It commits to reducing Scope 1 and Scope 2 greenhouse gas emissions by 63% per square metre of leased area by 2030, against a 2016 base year. The company also aims to reduce Scope 3 greenhouse gas emissions from purchased goods and services by 41% per square metre gross floor area by 2030 from a 2016 base year. Additionally, it targets a 58.8% absolute reduction in Scope 3 greenhouse gas emissions from investments by 2030, also from a 2016 base year. These targets are aligned with a 1.5°C warmer scenario.

In 2023, City Developments achieved a 14% reduction in total operational carbon emissions across its Singapore business operations compared to 2022, meeting its interim 2023 target. Since 2009, the company has voluntarily achieved 'net zero' annual carbon emissions for its Corporate Office operations, including its data centre and 11 Tampines Concourse.