City Developments (SG:C09) has released an update.
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City Developments Limited (CDL) has partnered with DBS Bank to secure a pioneering S$400 million sustainability-linked loan, setting a precedent in sustainable finance with adherence to the Taskforce on Nature-related Financial Disclosures (TNFD) guidelines. This strategic move underlines CDL’s ongoing commitment to ESG achievements, using the funds for corporate needs and asset redevelopment focused on environmental betterment. The initiative is part of CDL’s broader strategy to channel capital towards greener, nature-friendly infrastructure, in line with their long-standing integration of ESG principles since 1995.
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