In its latest milestone, City Developments Limited (CDL) has unveiled its 18th Integrated Sustainability Report titled "Zero in on Action: Fast-Forwarding Towards Sustainable Ecosystems." This report highlights CDL's dedication to advancing sustainable practices by aligning with international standards and expanding disclosures related to financial and environmental risks. Notably, the company secured a groundbreaking SGD400 million sustainability-linked loan aligned with Taskforce on Nature-related Financial Disclosures (TNFD) targets. The report showcases progress toward reducing carbon emissions, integrating biodiversity tools, and fostering nature-positive initiatives.
The 2025 Integrated Sustainability Report underscores CDL’s commitment to creating resilient ecosystems through enhanced alignment with International Financial Reporting Standards (IFRS). To address climate-related risks, CDL conducted an Internal Carbon Pricing pilot study and identified significant areas for improvement using a double materiality approach. Since 1995, CDL has consistently integrated environmental stewardship into its operations, achieving reductions in Scope 1, 2, and 3 carbon emissions. Furthermore, the company launched innovative programs like the CDL EcoTrain and MicroForest to promote urban biodiversity.
Building on its legacy of sustainability leadership, CDL continues to expand its reporting frameworks. By incorporating TNFD recommendations, the company now includes properties in New Zealand within its assessments. Advanced tools such as Xylo Systems and IBAT are leveraged for evaluating biodiversity risks. These efforts reflect CDL's holistic strategy aimed at conserving natural resources while driving economic prosperity.
In addition to securing landmark financing, CDL remains committed to enhancing transparency through harmonized reporting standards. Its blended framework combines elements from global initiatives, ensuring comprehensive disclosure of both financial and non-financial impacts. Esther An, Chief Sustainability Officer, emphasized that CDL’s mission extends beyond construction to nurturing communities and preserving nature.
This year’s report not only highlights CDL’s achievements but also sets ambitious goals for the future. By prioritizing key sustainability risks and opportunities, the company aims to create value for stakeholders while contributing to global efforts against climate change. Through partnerships and innovative solutions, CDL demonstrates how businesses can lead the way in building a more sustainable world.
As CDL moves forward, it solidifies its role as a trailblazer in sustainable development. By embedding nature conservation into core business strategies and leveraging cutting-edge technologies, the company is paving the path toward a greener future. With continued innovation and collaboration, CDL remains steadfast in its commitment to fostering resilience and promoting harmony between human activity and the environment.