City Developments Ltd 2024 AR2
The report highlights City Developments Limited's (CDL) financial and operational performance for the fiscal year 2024, showcasing resilience despite macroeconomic challenges. CDL achieved a revenue of $3.3 billion and a net profit of $201.3 million, driven by steady performance in its investment properties and hotel operations. The company expanded its global footprint with $2.2 billion in acquisitions and investments, particularly in the living sector and hospitality segments. On the sustainability front, CDL secured a landmark $400 million sustainability-linked loan aligned with the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations and expanded the Singapore Sustainability Academy. Additionally, CDL maintained its 'AAA' rating from MSCI ESG Ratings and was recognized as one of the world's most sustainable corporations.
Company: City Developments Ltd
Sector: Real Estate
Country: Singapore
Year: 2024
Type: AR2
Pages: 143
City Developments Ltd
Annual Report
The report highlights City Developments Limited's (CDL) financial and operational performance for the fiscal year 2024, showcasing resilience despite macroeconomic challenges. CDL achieved a revenue of $3.3 billion and a net profit of $201.3 million, driven by steady performance in its investment properties and hotel operations. The company expanded its global footprint with $2.2 billion in acquisitions and investments, particularly in the living sector and hospitality segments. On the sustainability front, CDL secured a landmark $400 million sustainability-linked loan aligned with the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations and expanded the Singapore Sustainability Academy. Additionally, CDL maintained its 'AAA' rating from MSCI ESG Ratings and was recognized as one of the world's most sustainable corporations.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women in Management
Net Zero Target
Employees