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City Developments Limited

City Developments Limited (CDL), founded in 1963, is a leading real estate company headquartered in Singapore. The company's diversified portfolio includes hotels, offices, retail malls, residential properties, serviced apartments, student accommodation and integrated developments. It has operations in ten major cities across 29 countries and regions. In 2023, CDL completed 2,400 property units and held a total of 23 million square metres of gross floor area (GFA) in commercial, hospitality and residential assets.

Summary

CDL reports transparently on numerous sustainability topics. However, there is clear potential for the company to strengthen its performance in many areas. The company performs well in its partnership with local government, aligning with the Singapore Green Plan and Green Building Masterplan. It has also instituted a company-wide Universal Design Policy to ensure accessibility in its projects. Further, it provides quantitative information on workplace safety metrics, which is essential for ensuring safe construction practices and protecting workers on-site.

While the company has already set short-term emissions targets aligned with the Science Based Targets initiative (SBTi), setting long-term SBTi-validated targets, including group-wide targets that promote absolute reductions in non-renewable energy consumption, will ensure it remains aligned with the 1.5°C pathway. Additionally, the company can strengthen its commitment to zero conversion of protected areas, building on its existing efforts to minimise and mitigate impacts on natural habitats and wildlife biodiversity.

From a social sustainability perspective, the company should enhance policy commitments to respect human rights and report on the affordability of its properties, a key factor in promoting social inclusiveness and ensuring access to housing for diverse income levels.

Ranking position: #13 /300
Total score: 28.9 /100

Measurement area	Score	Rank (0-300)
Governance & Strategy	#1 29.2 /100	#14
Inclusive Cities	#1 43.3 /100	#18
Healthy Cities	#1 18.6 /100	#29
Climate Proof & Resilient Cities	#1 20.0 /100	#49
Core Social Indicators	#1 33.3 /100	#38

Industries
Real estate	#4

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More about the company

Headquarters: Singapore
Ownership structure: Public
Revenue: USD 2,387 billion (2022)
Number of employees: 406 (2022)
Website: https://www.cdl.com.sg/

This company is part of the SDG2000, the 2000 most influential companies

See company profile SDG2000