Going green: Sembcorp slashes GHG emissions in half in sustainable plan

It expects 70% of income to come back from sustainable options.

Vitality and concrete growth firm Sembcorp Industries unveiled plans to show its portfolio from ‘brown to green’ with dedication to chop greenhouse gasoline emissions by half by 2030 and go web zero by 2050.

Sembcorp additionally goals to develop revenue contribution from its sustainable options portfolio from a present 40% to 70% by 2025. By 2025, its renewable vitality portfolio is focused to realize a compounded annual development price (CAGR) of 30% and its built-in city options portfolio a CAGR of 10%.

“The transformation plan we unveiled today is driven by a clear purpose to play our part in building a sustainable future. With our proven track record across Asia and capabilities across various segments of the renewables and urban solutions sectors, Sembcorp is well positioned to be a leading pan-Asian provider of sustainable solutions,” stated the group’s president and chief government officer Wong Kim Yin.

By 2025, Sembcorp goals to quadruple its gross put in renewable vitality capability to 10 GW. In 2020, its gross put in renewable vitality capability, comprising wind, photo voltaic and vitality storage, was 2.6 GW.