CDL secures $300 mil DBS sustainability-linked loan tied to nature targets

EdgeProp Singapore

/ EdgeProp Singapore

May 15, 2026 1:10 PM SGT

propertyeditor@edgeprop.sg

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Since 2017, we have secured over $11 billion in sustainable financing (Photo: CDL)

Singapore-listed property group City Developments Limited (CDL) has secured a new $300 million multi-currency sustainability-linked loan (SLL) from DBS Bank.

The facility builds on CDL’s Taskforce on Nature-related Financial Disclosures (TNFD) targets launched in 2024, and aims to accelerate the adoption of nature-based urban solutions in Singapore as the city-state advances its “City in Nature” vision.

Structured in line with sustainability-linked loan principles, the facility introduces a suite of sustainability performance targets focused on strengthening climate and nature resilience in urban environments, while supporting Singapore’s Green Plan 2030.

Targets include scaling urban farming initiatives, establishing or expanding microforests with predominantly native species, strengthening stakeholder engagement on climate and nature issues, increasing the use of circular materials in CDL’s developments, and improving water efficiency.

“Since 2017, we have secured over $11 billion in sustainable financing that supports our net-zero ambitions while delivering long-term value through sustainable development,” says Yiong Yim Ming, group CFO of CDL.

She adds that the latest SLL marks “the next evolution of our sustainability journey”, embedding measurable nature-based targets into CDL’s financing framework and aligning its financial strategy more closely with environmental outcomes.

“Real estate developers play an important role in advancing climate action and shaping greener, more resilient and more liveable urban environments,” she says.

The latest facility follows CDL’s $400 million sustainability-linked loan from DBS in 2024, which was tied to nature conservation and sustainable development targets guided by CDL’s adoption of TNFD recommendations.

CDL was also the first Singapore company to publish TNFD-aligned disclosures in its Integrated Sustainability Report 2024.

“At DBS, we believe the real estate sector plays a critical role in building a more sustainable future, and it is our responsibility to help clients advance this important work,” says Chew Chong Lim, group head of Real Estate, Institutional Banking Group at DBS.

“This latest facility demonstrates how industry expertise, structuring capabilities and sustainability knowledge can come together through financing to support more resilient urban spaces that benefit businesses, communities and the environment,” he adds.

Beyond the latest SLL, DBS also supported CDL’s landmark green bond issuance in 2017 — the first by a Singapore company — as well as Singapore’s first Sustainable Development Goals (SDG) Innovation Loan in 2019 to pilot DigiHUB, CDL’s in-house digital platform designed to improve building management efficiency.

DBS is also the financial partner for CDL’s SME Supplier Queen Bee Programme, which supports SMEs in decarbonising and managing Scope 3 emissions through enhanced carbon accounting and reporting.

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CDL secures $300 mil DBS sustainability-linked loan tied to nature targets

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