City Developments Limited strengthens climate and biodiversity commitments through bold targets and innovative initiatives in its 2025 Integrated Sustainability Report.
City Developments Limited (CDL) has released its 18th Integrated Sustainability Report (ISR) 2025, titled 鈥淶ero in on Action: Fast-Forwarding Towards Sustainable Ecosystems鈥. This milestone marks CDL鈥檚 30-year journey in sustainability leadership and showcases its enhanced progress toward long-term Environmental, Social, and Governance (ESG) targets under the Future Value 2030 Sustainability Blueprint.
The report highlights CDL鈥檚 first-in-Singapore adoption of the Taskforce on Nature-related Financial Disclosures (TNFD) Recommendations, with expanded disclosures covering properties in New Zealand. This aligns with the company鈥檚 broader Growth, Enhance and Transform (GET) strategy, integrating climate action with biodiversity goals. CDL also secured a S$400 million sustainability-linked loan in 2024, the first of its kind tied to TNFD-aligned targets, aimed at nature conservation and sustainable development.
Key sustainability achievements include a 25% reduction in Scope 1 and 2 carbon emissions and a 38% drop in embodied carbon for new developments, both against 2016 baselines. CDL also completed a pilot Internal Carbon Pricing (ICP) study at Republic Plaza, advancing plans to embed carbon pricing mechanisms in its real estate portfolio.
Ms Esther An, Chief Sustainability Officer at CDL, stated: 鈥淕uided by our ethos of 鈥楥onserving as We Construct鈥, CDL has consistently integrated environmental stewardship, social well-being, and economic prosperity into our operations.聽鈥
The full CDL Integrated Sustainability Report 2025 is available
