Sembcorp Industries Ltd 2023 AR2
The report highlights Sembcorp Industries' robust performance in 2023, with a 45% increase in net profit from continuing operations to S$1 billion, driven by strong contributions from its Gas and Related Services and Renewables segments. The company accelerated its brown-to-green portfolio transformation, growing its gross installed renewable energy capacity to 9.4GW and reducing its greenhouse gas emissions intensity to 0.29 tCO2e/MWh. Sembcorp also launched Southeast Asia's largest energy storage system of 285MWh in Singapore and secured multiple long-term power purchase agreements. Additionally, the company unveiled its 2024–2028 strategic plan, targeting 25GW of gross installed renewables capacity by 2028 and committing to net-zero emissions by 2050.
Company: Sembcorp Industries Ltd
Sector: Utilities
Country: Singapore
Year: 2023
Type: AR2
Pages: 123
Sembcorp Industries Ltd
Annual Report
The report highlights Sembcorp Industries' robust performance in 2023, with a 45% increase in net profit from continuing operations to S$1 billion, driven by strong contributions from its Gas and Related Services and Renewables segments. The company accelerated its brown-to-green portfolio transformation, growing its gross installed renewable energy capacity to 9.4GW and reducing its greenhouse gas emissions intensity to 0.29 tCO2e/MWh. Sembcorp also launched Southeast Asia's largest energy storage system of 285MWh in Singapore and secured multiple long-term power purchase agreements. Additionally, the company unveiled its 2024–2028 strategic plan, targeting 25GW of gross installed renewables capacity by 2028 and committing to net-zero emissions by 2050.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Feb 1, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
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Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees