City Developments

City Developments Limited (CDL), headquartered in Singapore and operating within the real estate services industry, has reported its carbon emissions and established several climate commitments.

For the reporting year 2025, CDL's total reported emissions were approximately 15,529,000 kg CO2e. This breakdown includes Scope 1 emissions of about 98,000 kg CO2e, Scope 2 emissions of approximately 10,484,000 kg CO2e, and Scope 3 emissions totalling around 4,947,000 kg CO2e.

In 2024, the company's total emissions were approximately 15,873,000 kg CO2e, comprising Scope 1 at about 217,000 kg CO2e, Scope 2 at approximately 10,774,000 kg CO2e, and Scope 3 at around 4,882,000 kg CO2e.

Prior to this, in 2023, CDL reported total emissions of approximately 16,549,000 kg CO2e, with Scope 1 at about 88,000 kg CO2e, Scope 2 at approximately 11,359,000 kg CO2e, and Scope 3 at around 5,102,000 kg CO2e.

CDL has set ambitious targets for emissions reduction. The company aims for net zero operational carbon by 2030 for its wholly-owned new and existing assets under direct management and operational control. Furthermore, CDL is committed to reducing Scope 1 and 2 greenhouse gas (GHG) emissions by 63% per square metre leased area by 2030, based on a 2016 baseline. This target has been validated by the Science Based Targets initiative (SBTi) as aligned with a 1.5°C warmer scenario.

The company also has a near-term target to reduce Scope 3 GHG emissions from purchased goods and services by 41% per square metre of Gross Floor Area (GFA) by 2030, also from a 2016 baseline. Additionally, CDL has committed to reducing absolute Scope 3 GHG emissions from investments by 58.8% by 2030 from a 2016 baseline, as validated by SBTi.

CDL is a signatory to the WorldGBC Net Zero Carbon Buildings Commitment, pledging to achieve net zero operational carbon by 2030. They have also achieved net zero for their Corporate Office operations since 2009, including specific developments like 11 Tampines Concourse, which was the first CarbonNeutral® development in Singapore and the Asia Pacific region. In the reporting period covering January to December 2023, CDL achieved a 14% reduction in total operational carbon emissions in Singapore compared to 2022, meeting its interim target.