SUSTAINABILITY BOARD STATEMENT FORGING AHEAD: ACCELERATING COLLABORATION FOR A LOW CARBON AND NATURE-POSITIVE FUTURE CDL will continue to step up its sustainability strategy to tackle rising heat and enhance health and harmony with nature through mitigation and adaptation. Empowering Supply Chain with Carbon Accounting and Decarbonisation Capability As the Company looks toward 2026, it remains dedicated to integrating sustainability to enhance business and financial value. The Company’s leadership in green building, sustainability practices, and disclosures and reporting relies on the support of its supply chain, in particular SMEs which form the backbone of Singapore’s economy and contribute significantly to overall emissions across sectors such as construction, manufacturing and services. To achieve the Company's decarbonisation targets, including managing and reporting its embodied carbon and Scope 3 emissions, it must support its SMEs through capability-building and access to low-carbon solutions. In October 2025, CDL celebrated a key milestone in its SME Supplier Decarbonisation Queen Bee Programme with the graduation of the first 42 local SMEs. CDL is the first real estate company in Singapore to lead a dedicated programme equipping SME suppliers with knowledge and skills to manage their carbon footprint and reporting. This collaboration with Enterprise Singapore, Global Green Connect and DBS Bank strengthens supply chain resilience and ensures that smaller businesses remain competitive in a rapidly evolving low-carbon economy where Scope 3 reporting has become integral. Active Tenant Engagement to Accelerate Decarbonisation CDL continued to engage tenants in its green building efforts. In 2025, the Company concluded the pilot phase of the City Green Tenant Bonus (CGTB) Programme, a pioneering decarbonisation initiative launched in 2024, targeting tenants of Republic Plaza, the Group’s flagship Grade A office building, to reduce Scope 3 carbon emissions. Building on the Green Lease initiative, this programme incentivised tenants to adopt sustainable practices and reduce energy consumption. In August 2025, CDL co-hosted the Go 25 event with Singapore Green Building Council (SGBC), along with the CGTB Programme Awards Ceremony. The event celebrated the achievements of 20 CDL tenants who advanced in energy efficiency and sustainability within their premises. Extensive Community Outreach at SSA as a Hub for Climate and SDG Action 2025 saw a rapid growth of SDG-aligned capacity building and climate and nature-related advocacy efforts at the Singapore Sustainability Academy (SSA) and SSA Annex, convening over 220 events with more than 11,500 participants. These efforts brought together government agencies, global organisations and NGOs including the UN Principles for Responsible Investment, UN Global Compact Network Singapore, Global Reporting Initiative, WWF, World Green Building Council, National Environment Agency, Singapore Environment Council, Courage Chapter, and many others – underscoring the extensive network of partnerships formed. Since its inception in 2017 and 2024 respectively, the SSA and SSA Annex have hosted over 1,500 events and training sessions, engaging close to 56,000 stakeholders. Expanding Global Climate Summit to National Levels through Ground-up Initiatives Advancing climate action means moving beyond the annual COP (Conference of Parties) Summit to year-round, national and community-led initiatives as envisioned by AlterCOP, launched at the SSA in 2024. AlterCOP 30, held in November 2025, marked CDL’s second year of partnership with The Matcha Initiative and The Transmutation Principle to host an independent platform designed to complement the COP process, by bridging global climate discussions with local perspectives and action. AlterCOP grew from six to twelve participating countries over two years, attracting over 3,400 attendees and 320 speakers at over 180 sessions held locally and 280 across the region. This reflects a strong and growing appetite for deeper climate discourse, accessible knowledge sharing and cross-sector collaboration. CDL aims to support AlterCOP 31’s goal of expanding to 20 countries or cities this year. Nurturing Youth and Children to be a Force for Change In line with CDL’s commitment to nurturing a sustainabilityminded community, the Company continues to support youthfocused programmes. In 2025, the Company held the 6th “We Love Our Planet” Storytelling Contest, the 15th CDL-GCNS Young SDG Leaders Award, the CDL E-Generation Challenge (launched since 2017) and the 9th Youth4Climate Festival. These youth programmes were made possible through strong commitment and partnership with public and people sector organisations. The pioneering CDL EcoTrain saw an overwhelming response from the public, welcoming over 70,000 visitors, mostly children from four years old and up, since its opening in March in 2025. CDL looks forward to refreshing the content in the EcoTrain in April 2026, with new exhibits centred on polar regions and the ocean – topics that align with the CDL Green Gallery exhibition. 80 | CITY DEVELOPMENTS LIMITED
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