GlobalData offers a comprehensive analysis of Sembcorp Industries, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Sembcorp Industries‘ ESG performance. GlobalData’s company profile on Sembcorp Industries offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Sembcorp Industries, a Singapore-based company, has set target for net zero by 2050, as part of its sustainability goals. In 2022, the company reported greenhouse gas (GHG) emissions across Scope 1, 2, and 3, with respective values of 25,230 ktCO2e, 241 ktCO2e, and 8,046 ktCO2e. Sembcorp achieved notable progress in its sustainability goals, reducing absolute greenhouse gas (GHG) emissions (Scope 1 and 2) to 25.5 million tCO2e, surpassing the target set for that year. Additionally, the emissions intensity dropped to 0.40 tCO2e/MWh, reflecting a substantial decrease from previous years. The company remains committed to its long-term objectives, aiming for a 90% reduction in emissions intensity by 2030, as indicated by the ambitious target of 0.31 tCO2e/MWh.
The Climate Change Working Committee (CCWC) at Sembcorp supervises the creation of strategies, procedures, and documents concerning the company's climate-related risks and opportunities. Its responsibilities encompass policy and framework development, risk and opportunity evaluation, target setting, initiative implementation, and facilitating performance reporting and disclosure.
To achieve its net-zero targets and reduce emissions, Sembcorp Industries has taken steps such as implementing a sustainability governance framework and engaging with stakeholders. The company has also made investments in renewable energy, although the specific details of these investments are not mentioned in the excerpts. Sembcorp Industries' efforts to reduce emissions are guided by its sustainability strategy and policy commitments.
In conclusion, Sembcorp Industries has set net-zero targets and is taking steps to reduce its carbon and GHG emissions. The company is focused on addressing scope 1, scope 2, and scope 3 emissions and has implemented a sustainability governance framework. Sembcorp Industries' efforts align with its commitment to sustainability and its goal of achieving net-zero emissions.
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