Here is the full list of all 12 Sonic CD achievements worth 200 gamerscore. It takes around 8-10 hours to unlock all of the achievements on Xbox 360.
Collect all the Time Stones
Destroy all the robot teleporters and Metal Sonic holograms in the past
Collect 200 Rings
Find the angel statue in Wacky Workbench
Pass the upper Signpost in Collision Chaos Zone 2
Complete a zone in the Good Future
Complete the Time Attack mode in under 25 minutes
Finish the game
Destroy Dr. Eggman's final machine
Get a hug from Amy
Defeat Metal Sonic without getting hurt
Travel through time