SUSTAINABLE FINANCE
With sustainable financing serving as a powerful enabler in building a greener and better future, mitigating and adapting to climate risks present huge investment opportunities. This is evident from the establishment of the UN PRI, an investor initiative in partnership with UNEP Finance Initiative and the UNGC, which the Company became a signatory of in September 2021. As of March 2025, the total assets under management of companies that are committed to PRI was more than US$139.6 trillion, signalling an accelerating transition towards sustainable assets.1
In December 2021, we rolled out our Sustainable Investment Principles (SIP). This reinforces the Company’s commitment in taking proactive steps to assess potential portfolio risks and opportunities for sustainable investments. The SIP complements our existing ESG policies and guidelines, and is aligned with the Glasgow Climate Pact, United Nations Sustainable Development Goals (UN SDGs), UN PRI, Task Force on Climate-related Financial Disclosures (TCFD), United Nations Environment Programme Finance Initiative (UNEP FI) and other global frameworks.
Our Sustainable Finance Framework has embraced leading global frameworks including the Green Bond Principles, Green Loan Principles and Sustainability Linked Loan Principles. More than just demonstrating the Company’s good governance in sustainable financing, the framework also supports building sustainable and climate-resilient cities and communities. In 2022, the framework was revised from its original version dated 2019, to reflect our developments on sustainability and climate action, as well as to expand on the SDG Innovation Loan concept.
Completed over s$11 billion sustainable financing since 2017
Since the issuance of our first green bond in 2017, CDL has completed over S$11 billion in sustainable finance, including various green loans, a green revolving credit facility, and sustainability-linked loans. At the end of 2025, S$5.7 billion of CDL’s sustainable finance amassed has been deployed to finance our existing investments and/or assets.
In June 2024, CDL secured a S$400 million landmark sustainability-linked loan provided by DBS Bank to advance nature conservation and sustainable development in Singapore. For this achievement, in February 2025, the Company was awarded Best Sustainability-Linked Loan – Real Estate award at The Asset Triple A Sustainable Finance Awards 2025. In 2025, the Group successfully achieved a discount on the interest rate for this loan after meeting several sustainability performance targets set out in the loan.
