Annual Report

The report describes Sembcorp Marine's FY2021 transition toward renewable and clean-energy solutions amid pandemic-related execution challenges. Group revenue was S$1.86 billion, while 30% of annual turnover came from sustainable solutions. The company reported 6.97MWp of installed solar capacity and set Vision 2030 goals for 40% of turnover from sustainable solutions and a 40% reduction in Scope 1 and 2 carbon emissions from 2008 levels. It also states that its sustainability disclosures adopted SASB for the first time and aligned with TCFD and the UN SDGs.