CDL: News Release and Integrated Sustainability Report 2026

31/03/2026, 12:30 Annual Reports and Related Documents::

Issuer & Securities

ANNUAL REPORTS AND RELATED DOCUMENTS::

Issuer/ Manager

CITY DEVELOPMENTS LIMITED

Securities

CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09

Stapled Security

No

Announcement Title

Annual Reports and Related Documents

Date &Time of Broadcast

31-Mar-2026 12:23:01

Status

New

Report Type

Sustainability Report

Announcement Reference

SG260331OTHRZZCQ

Submitted By (Co./ Ind. Name)

Enid Ling Peek Fong

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)

Please refer to the attached documents:

1. News Release titled "It's time for impact - a call for action by CDL in its 19th Integrated Sustainability Report 2026 - future-proofing planet, people and prosperity" issued by City Developments Limited on 31 March 2026; and

2. CDL Integrated Sustainability Report 2026.

Period Ended

31/12/2025

1-CDL News Release - CDL 19th Integrated Sustainability Report.pdf

31/03/2026, 12:30 Annual Reports and Related Documents::

Total size =16494K MB

31 March 2026

− Strengthens climate disclosures with enhanced alignment to International Financial Reporting Standards (IFRS) S1 and S2, including quantification of key climate risks and opportunities

− Expands fourth climate change scenario analysis to include Japan, with a 2050 horizon

− Advances nature and biodiversity conservation, restoration and education with launch of CDL EcoTrain, CDL MicroForest and CDL MicroFarm

− Recognised across 14 global ESG benchmarks, including MSCI 'AAA', CDP 'A' List for Climate Change and Water Security, Global 100 Most Sustainable Corporations in the World

City Developments Limited (CDL) has released its 19th Integrated Sustainability Report (ISR) 2026, titled "Time for Impact: Future-Proofing Planet, People and Prosperity". The report highlights CDL's continued progress in decarbonisation, enhanced climate disclosures in progressive alignment with IFRS S1 and S2, and expanded efforts to accelerate nature-positive outcomes. It also reflects the Group's sustainability leadership since 1995 and its progress towards achieving its Environmental, Social and Governance (ESG) goals and targets under the CDL Future Value 2030 Sustainability Blueprint.

In 2025, CDL reduced its Scope 1 and 2 operational carbon emissions for assets under direct management and operational control by 29% from 2016 levels. It also achieved a 50% reduction in Scope 3 embodied carbon emissions for new developments completed in 2025, based on project-level assessments, alongside a 59.6% reduction in Scope 3 emissions for its investments. These reductions support the Group's Science Based Targets initiative (SBTi)-validated targets.

In 2025, CDL continued its dynamic double materiality assessment, evaluating both impact and financial materiality. The top five issues ranked highest for 2025 are:

• Decarbonisation - Energy Efficiency & Adoption of Renewables

• Cyber-readiness, Security and Data Privacy

• Green and Healthy Buildings - Product/Service Quality and Responsibility

• Occupational Health, Safety and Well-being

• Governance and Business Conduct

With the implementation of the IFRS S1 and S2 for STI constituents, CDL has taken further steps towards adopting the global sustainability reporting baseline. The Group undertook a rigorous assessment to identify and quantify its top three climate-related risks and opportunities, enhancing transparency and strengthening integration of climate considerations into strategic planning.

In December 2025, CDL completed its fourth climate change scenario study with an independent consultant, significantly enhancing the depth and breadth of its analysis. The study expanded its scope and geographical coverage to include Japan and assessed the Group's exposure to physical and transition risks across short, medium and long-term horizons from 2030 to 2050.

Amid rapid global biodiversity loss, CDL has intensified its commitment to nature preservation and regeneration, publishing its third Taskforce on Nature-related Financial Disclosures (TNFD) report within the ISR. Key advancements include expanding its asset coverage to 27 hotels and offices in the United Kingdom, a deeper dive into the Singapore and New Zealand portfolios, and the use of new nature-related tools and databases for reporting and analysis.

Since 2017, CDL has secured over S$11 billion in sustainable finance, leveraging its strong sustainability performance and credibility, validated by global ESG benchmarks such as FTSE4Good, MSCI ESG Ratings ('AAA' since 2010), and the CDP with double A List ('A' ratings for Climate Change (since 2018) and Water Security (since 2019). CDL was also ranked 69th on the 2026 Corporate Knights Global 100 Most Sustainable Corporations in the World, maintaining its position as Singapore's top real estate management and leasing company.

As Scope 3 emissions become increasingly critical to the net-zero transition, CDL continues to engage and empower its value chain. In October 2025, the first cohort of 42 SMEs graduated from CDL's SME Supplier Decarbonisation Queen Bee Programme. The initiative was developed with Enterprise Singapore, Global Green Connect and DBS Bank. Participating SME suppliers were equipped with the knowledge and tools to measure and manage their carbon footprint while strengthening supply chain resilience.

CDL also continued to actively engage tenants in its green building initiatives. In 2025, it concluded the City Green Tenant Bonus Programme, a pioneering decarbonisation initiative launched in 2024 for tenants at Republic Plaza, its flagship commercial property. Building on its Green Lease framework, the programme incentivised tenants to adopt more sustainable practices and reduce energy consumption, supporting efforts to lower Scope 3 emissions.

In 2025, CDL significantly advanced its nature and biodiversity agenda with the launch of three innovative community initiatives at its flagship City Square Mall - the CDL EcoTrain, CDL MicroForest and CDL MicroFarm. These initiatives support CDL's adoption of the TNFD and underscore the Group's efforts to enhance urban biodiversity, build climate resilience and inspire future eco-champions. In its first year of operation, the zero-energy CDL EcoTrain reached more than 70,000 visitors and over 1,500 workshop participants.

Designed to mitigate urban heat, enhance climate resilience and boost biodiversity, the CDL MicroForest, located at City Square Mall's City Green park, is Singapore's first research-driven tropical microforest in a retail mall. Based on recent first-year findings, temperatures within the CDL MicroForest can be up to 5°C cooler than in surrounding and roadside areas.

These initiatives reflect CDL's commitment to advancing climate impact and future-proofing its developments and portfolio.

For media enquiries, please contact CDL Corporate Communications:

Belinda Lee Head, Investor Relations & Corporate Communications

Follow CDL on social media:

Future-proofing Planet, People and Prosperity

Pioneering Accelerating Advancing Green Stepping Up Towards Report Period & Scope, Key Performance Summary, Sustainability EESG Performance Building and Enhancing Strengthening Nature Positivity Assurance Statements, SASB Real Estate Disclosure, Leadership Since 1995 and Impact Decarbonisation Human Capital Social Capital - TNFD Report GRI Content Index, ISSB Content Index

CITY DEVELOPMENTS LIMITED 1

INTEGRATED SUSTAINABILITY REPORT 2026 (19th Edition)

https://links.sgx.com/1.0.0/corporate-announcements/E3Z9XAQ6EJBZ0U0F/9a4eff95a8a628d22f32b78d2967a6b4c069d6480aa943a88b7252bb…