City Developments Limited

City Developments Limited reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 15 Kt (+0.69/+5% y-o-y).

City Developments Limited's Scope 3 emissions took off to 6.2 Kt (+1.3/+27% y-o-y). There has been no clear trend lately.

The company is committed to achieving net zero for Scope 1 + 2 by 2030, which translates into the estimated reduction of -1.6 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

City Developments Limited also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. City Developments Limited commits to reduce scope 1 and 2 GHG emissions 63% per square meter leased area by 2030 from a 2016 base year. City Developments Limited commits to reduce scope 3 GHG emissions from purchased goods and services 41% per square meter gross floor area by 2030 from a 2016 base year. City Developments Limited also commits to reduce absolute scope 3 GHG emissions from investments 58.8% by 2030 from a 2016 base year