GlobalData offers a comprehensive analysis of Singapore Technologies, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Singapore Technologies’ ESG performance. GlobalData’s company profile on Singapore Technologies 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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Singapore Technologies (ST Engineering) has set to halve its absolute Scope 1 and 2 GHG emissions by 2030 compared to a 2010 base year. ST Engineering's latest filings mentioned the keywords 'Emissions' and 'Climate Change' most number of times in relation to 'Net Zero'.
ST Engineering is in the process of consolidating data on hazardous waste generated and percentage recycled. The company does not generate revenue from alternative energy-related products. In 2022, ST Engineering reported 38 thousand tonnes of CO2 emissions under scope 1, 70 thousand tonnes under scope 2, and 37 thousand tonnes under scope 3. The company has taken steps to reduce its carbon emissions, including enhancing its enterprise risk management framework for proactive monitoring of emerging risks such as climate change and geopolitical trends. The company is exploring sustainable solutions such as waste and water treatment, ship conversions, and environmental solutions and recycling. ST Engineering supports its customers and industry initiatives towards greater sustainable aviation fuel adoption as an alternative to fossil fuels. The company also designs, builds, operates, and maintains sustainable waste management and waste-to-energy facilities.
In conclusion, ST Engineering has set net-zero targets to reduce its carbon emissions and is taking steps to achieve them. The company is exploring sustainable solutions and supports its customers and industry initiatives towards greater sustainable aviation fuel adoption. ST Engineering's sustainability approach includes economic, environmental, social, and governance aspects, and it has reported in accordance with the Global Reporting Initiative Standards.
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