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 climate change and associated ESG keywords, GlobalData delivers valuable information on Singapore Technologies’s 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.

Singapore Technologies (ST Engineering) is committed to reducing its GHG emissions as part of its sustainability efforts. The company aims to achieve a 50% reduction in absolute greenhouse gas (GHG) emissions by the year 2030, compared to the levels recorded in 2010. In its Singapore operations, the company elevated the share of renewable energy in its total electricity consumption from 8% to 13%.

In 2022, the company disclosed a comprehensive overview of its greenhouse gas (GHG) emissions. The total Scope 1, 2, and 3 emissions amounted to 145 ('000tCO2e). The greenhouse gas emissions intensity was reported at 12 mtCO2e/US$ million. Within this, Scope 1 emissions, representing direct GHG emissions from sources owned or controlled by the Group, were 38 ('000tCO2e). Scope 2 emissions, attributed to purchased electricity, accounted for 70 ('000tCO2e). Additionally, Scope 3 emissions, encompassing business travel and employee commuting, totaled 37 ('000tCO2e). The company achieved a 37% reduction in absolute greenhouse gas (GHG) emissions compared to its 2010 baseline and accomplished a waste recycling rate of 75%.

ST Engineering has taken steps to reduce emissions. The company has invested in alternative energy-related products and is focused on enhancing its energy management practices. It is also exploring the adoption of sustainable aviation fuel (SAF) in engines and actively exploring emerging solutions in green technologies. Additionally, ST Engineering is involved in various projects related to rail solutions, smart street lighting, fleet management systems, electric and autonomous vehicles, respiratory protection products, cybersecurity for critical infrastructure, and more.

In terms of governance and reporting practices, ST Engineering follows the Global Reporting Initiative (GRI) Standards and has reported in accordance with these standards. The company has a governance structure in place to oversee sustainability matters, including those related to climate change. It is also actively engaged with stakeholders and has mechanisms for seeking advice and raising concerns.

In conclusion, ST Engineering is taking steps to reduce its emissions. The company is investing in alternative energy-related products, exploring the adoption of SAF, and actively exploring emerging solutions in green technologies. It follows the GRI Standards for reporting and has a governance structure in place to oversee sustainability matters. The company's commitment to sustainability showcases its dedication to addressing environmental challenges.

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