Sembcorp Industries Limited (Sembcorp) is a global leader in utilities, marine, and urban development, operating across five continents. The company’s utilities division provides essential energy and water solutions to industrial and municipal customers. Listed on the main board of the Singapore Exchange, Sembcorp is a component of the Straits Times Index, along with several MSCI and FTSE indices.
Commitment to Sustainability
Sembcorp is deeply committed to sustainability, ensuring its impact on climate and the environment is responsibly managed. The company’s strategy, which is guided by its board of directors, integrates environmental, social, and governance (ESG) issues that are crucial for its long-term sustainability. Sembcorp’s high-level Sustainability Steering Committee provides strategic direction, managing sustainability-related risks and opportunities while overseeing policies, frameworks, and processes that ensure effective management of these issues. As a signatory to the United Nations Global Compact, Sembcorp adopts a precautionary approach to minimize negative environmental impacts.
Investment in Green Energy
Sembcorp is actively investing in green energy businesses worldwide, including wind, solar, biomass, and energy-from-waste assets. In Singapore, the company has been a trailblazer in promoting industrial greening through the introduction of energy assets running on alternative fuels. One notable example is the Sembcorp Woodchip Boiler, which opened in 2012. This biomass energy plant produces renewable steam for companies on Jurong Island. The plant is fueled by woodchips from wood waste generated by construction and demolition projects in Singapore, helping reduce fossil fuel use and enabling customers to lower their carbon footprint.
The Sembcorp Woodchip Boiler is highly automated for safety and efficiency, with a continuous monitoring system that provides live emissions data to the Singapore National Environmental Agency 24/7. The plant is also designed to meet the Building and Construction Authority’s Green Mark Gold Standard, incorporating natural ventilation, solar power, and recycled materials.
Expanding Green Energy Initiatives
Sembcorp is expanding its green energy portfolio with the development of another energy-from-waste plant on Jurong Island and the introduction of distributed solar energy projects in Singapore. The company’s renewable and low-carbon portfolio now exceeds 2,000 megawatts, including wind, solar, biomass, and energy-from-waste operations, across Singapore, China, India, and the UK.
Recognition for Sustainability Efforts
Sembcorp’s sustainability efforts have been widely recognized. The company is an index component of the 2017 Dow Jones Sustainability Asia/Pacific Index and has been named one of Singapore’s most sustainable companies by Channel NewsAsia in its Sustainability Ranking. Sembcorp also received accolades from the Securities Investors’ Association of Singapore at the 2017 Investors’ Choice Awards. Additionally, Sembcorp was named one of the Top Green Companies in Asia at the 2017 Asia Corporate Excellence & Sustainability Awards.
Sembcorp continues to demonstrate its leadership in sustainable business practices, both locally and globally, through its commitment to green energy and responsible environmental management.
