Singapore Telco Calibrates Greenhouse Gas Emissions, Plans Aggressive Cuts

The Singtel Group has deepened its commitment to environmental stewardship by making more aggressive cuts to its greenhouse gas emissions through a set of more ambitious science-based targets aligned with the goals of the Paris Climate Agreement to limit global warming to 1.5°C.

Singtel is the first telecoms company in Asia to have these targets validated by the Science Based Targets initiative (SBTi).

As part of its renewed targets, Singtel is aiming for a group-wide 55% reduction in Scope 1 and 2 direct and indirect greenhouse gas emissions, and a 40% reduction in Scope 3 third-party emissions by 2030, using 2023 as the base year.

The SBTi Target Validation Team has also confirmed that the net-zero goal of 2045, which Singtel had brought forward from 2050 in July 2023, is closely aligned with SBTi’s most stringent criteria. Singtel is the only Asian telco with a net-zero target ahead of 2050.

Singtel set its first SBTi-validated targets in 2017, the first company in Asia outside of Japan to do so. It committed to cut absolute Scope 1 and 2 emissions across its Singapore and Australian operations by 42% from its 2015 base year by 2030. It has already reduced its Scope 1 and 2 emissions by more than 20%, as at end-2023. 

Yuen Kuan Moon, Singtel Group Chief Executive Officer, said: “We firmly believe that we can pursue business growth while safeguarding our planet for future generations. This conviction propelled us to engage SBTi to approve our first set of SBTi targets in 2017.”

“While we are on track to meet those targets, we know that we must do even more with the urgency of climate change. We are stepping up on our environmental leadership with a second set of targets that SBTi has again approved. These are aggressive goals and our teams are developing comprehensive plans to achieve them.”