City Developments Limited

Real Estate Development
C09.SI
SGD 8.1 (0.86)%
Share price
$ 5.1 bn
Market Cap
$ 11 bn
Enterprise Value

Carbon footprint

1.3 Ton
GHG emissions per $ 1 mln investment
0.03x the weighted average for S&P 500
FY2021
How is this calculated?
+5%
YOY change in GHG emissions
In line with the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

City Developments Limited aims to achieve net zero for Scope 1 + 2 by 2030


This target has not been verified as science based according to SBTi
City Developments Limited's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

City Developments Limited's GHG emissions (market-based) (Kt of CO2e)

City Developments Limited's carbon footprint

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

Company environmental metrics

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