Keppel considers environmental factors during the planning and design of its property developments. Energy efficiency initiatives implemented across the Group in 2018 are estimated to have saved 812,134 GJ of energy translating to an estimated $55 million in cost savings. (Photo credit: ST Press)

Committed to sustainability

Beyond the sustainable practices adopted across our businesses, we see sustainability as a business – whether it is providing access to cleaner sources of energy, building and operating water treatment or waste-to-energy plants, planning and building sustainable cities, or providing green data centres and logistics operations.

Mr Loh Chin Hua

CEO of Keppel Corporation

Keppel’s progress in sustainability ties in with initiatives led by the United Nations (UN). Keppel is a signatory of the UN Global Compact and is committed to its 10 universal principles on human rights, labour, environment and anti-corruption. The Company has incorporated the Sustainable Development Goals (SDGs) as a supporting framework to shape and guide its sustainability strategy, and in the report, shared how Keppel’s eco-system of companies contribute towards ten of the SDGs through responsible business practices and its spectrum of innovative and sustainable solutions for urbanisation.

Mr Loh remarked, “Channelling our capabilities to shape a more sustainable future aligned with the UN SDGs, while harnessing the business and investment opportunities that these create, are at the core of the Keppel Group’s strategy and how we see ourselves contributing to a better world.”

2018 Highlights
  • Keppel Corporation set a goal in 2014 to achieve a 16% improvement in carbon emissions intensity from 2020 businessas- usual levels. In 2018, the Company established a longer term target to achieve a 28.8% reduction in carbon emissions intensity by 2030, from 2010 levels. As at end-2018, the Company has achieved a 24% average reduction in carbon emissions intensity from its 2010 baseline for its operations in Singapore and overseas, and is on track to achieving Keppel’s 2020 target.
  • Energy efficiency initiatives implemented across the Group in 2018, including Keppel Land’s Green Mark-certified developments, are estimated to have saved 812,134 GJ of energy, equivalent to 9% of the Group’s total energy consumption, during the year. This translates to an estimated $55 million in cost savings, and an avoidance of approximately 95,000 tonnes of carbon dioxide (tCO2) emissions.
  • All new suppliers in 2018 were screened in accordance with environmental, social and governance criteria, and 99.8% of qualified suppliers signed the Keppel Supplier Code of Conduct or have their own codes which met Keppel’s requirements.
  • Keppel invested over 500,000 hours training and developing its global talent pool, tapping digital platforms for faster and better reach.
  • The Keppel Group invested $8.9 million on worthy social causes, and Keppel Care Foundation, the Group’s philanthropic arm, has disbursed over $36 million to worthy causes since its launch in 2012. Separately in the year, employee volunteers across the Group in Singapore achieved over 14,000 hours of community service and brought cheer to more than 2,600 beneficiaries.

Keppel continued to be recognised in Singapore and internationally for its sustainability efforts and reporting. Keppel Corporation was the winner of the UN SDGs category at the Sustainable Business Awards. Keppel Corporation has also continued to be listed on various sustainability indices and rankings, including the MSCI World ESG Leaders Index, Euronext Vigeo Eiris Index – World 120, as well as the iEdge SG ESG Leaders Index and iEdge SG ESG Transparency Index by the Singapore Exchange.

Keppel’s report is externally-audited and is prepared in accordance with the Global Reporting Initiative (GRI) Standards. This year, the Company enhanced the reporting of its community impact to align with the LBG framework (formerly London Benchmarking Group), the global standard for measuring and reporting on corporate community investment.