COVER STORY
SEMBCORP INDUSTRIES UNVEILS
BOLD CLIMATE ACTION PLAN The group is committed to the target of net-zero emissions by 2050.
Woodchip boiler plant in Singapore.
Sembcorp Industries (Sembcorp) recently unveiled its strategic plan to transform its portfolio from brown to green, with growth driven by its renewables and integrated urban solutions businesses. In order to support the global energy transition and sustainable development, Sembcorp aims to grow profit contribution from its sustainable solutions portfolio from a current 40% to 70% by 2025. By 2025, its renewable energy portfolio is targeted to achieve a compounded annual growth rate (CAGR) of 30% and its integrated urban solutions portfolio a CAGR of 10%. Central to the group’s strategy is also its commitment to bold climate action to halve its greenhouse gas (GHG) emissions by 2030 and deliver net-zero emissions by 2050.
Wind power generation in China.
A LEADING PROVIDER OF SUSTAINABLE SOLUTIONS Sembcorp’s vision is to be a leading provider of sustainable solutions. By focusing on growing its renewable energy and integrated urban solutions businesses, the group’s transformation plan is underpinned by clear targets. More sustainable By 2025, Sembcorp aims for its sustainable solutions portfolio to comprise 70% of the group’s net profit. In 2020, its sustainable solutions portfolio contributed around 40% of the group’s net profit. 14
THE SINGAPORE ENGINEER June 2021
Solar installation in India. Sembcorp has a proven track record across Asia in various segments of the renewables sector.
