Jardine Cycle & Carriage Ltd 2024 AR2
The report highlights Jardine Cycle & Carriage's stable performance in 2024 despite challenging market conditions, delivering an underlying profit of US$1.1 billion. Key strategic developments included the divestment of its 25.5% interest in Siam City Cement for US$344 million and increasing its shareholding in Refrigeration Electrical Engineering Corporation to 41.4%. In sustainability, the company piloted internal carbon pricing for new investments and achieved a 17% reduction in Scope 1 and 2 emissions from its 2019 baseline, progressing toward its 2030 target of a 30% net reduction.
Company: Jardine Cycle & Carriage Ltd
Sector: Industrials
Country: Singapore
Year: 2024
Type: AR2
Pages: 196
Jardine Cycle & Carriage Ltd
Annual Report
The report highlights Jardine Cycle & Carriage's stable performance in 2024 despite challenging market conditions, delivering an underlying profit of US$1.1 billion. Key strategic developments included the divestment of its 25.5% interest in Siam City Cement for US$344 million and increasing its shareholding in Refrigeration Electrical Engineering Corporation to 41.4%. In sustainability, the company piloted internal carbon pricing for new investments and achieved a 17% reduction in Scope 1 and 2 emissions from its 2019 baseline, progressing toward its 2030 target of a 30% net reduction.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Mar 28, 2025
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Net Zero Target