Singapore
CITY Developments Limited (CDL), announced that it will have its carbon reduction targets assessed and validated by the Science Based Targets Initiative (SBTi), making it the first local real estate company to do so.
This move is part of its accelerated climate change strategy amid the backdrop of Singapore's impending 2019 carbon tax and the global transition to a low carbon economy.
The SBTi, which is fast becoming a standard business practice among top global companies, helps companies...