Our approach

Our approach to sustainability starts with our goal to run a profitable, safe and responsible business providing the best value proposition to customers, making a difference to the wider community, and contributing to a sustainable future.



Our sustainability strategy is guided by the three thrusts of Sustaining Growth, Empowering Lives and Nurturing Communities.

Sustaining growth

We integrate sustainability principles in our business strategies and operations, and regard sustainable development both as a corporate responsibility and a source of business opportunities. We are focused on strong corporate governance, prudent risk management and resource efficiency.

Empowering lives

People are the cornerstone of our businesses. We are committed to grow and nurture our talent pool through training and development to help our people reach their full potential. With safety as one of our core values, we are committed to providing a safe and healthy workplace for all our stakeholders.

Nurturing communities

As a global citizen, Keppel believes that as communities thrive, we thrive. We engage and nurture communities wherever we operate, with the goal of shaping a sustainable future together.

sustainability management

The Keppel Corporation Board and management regularly review as well as oversee the management and monitoring of the material Environmental, Social and Governance (ESG) factors of the Company, and take them into consideration in the determination of the Company's strategic direction and policies.

The Group Sustainability Steering Committee provides guidance on strategic and operational issues. The committee is chaired by Keppel Corporation’s Chief Executive Officer and Executive Director Loh Chin Hua and comprises senior management from across the Group. To ensure consistent development of the Group’s strategy, high-level matters pertaining to sustainability issues are addressed at the annual Group Sustainability Steering Committee meeting.

Supporting the Steering Committee is the Working Committee, comprising eight discipline-specific working groups with representatives from across our different businesses, executes and reports on the Group’s efforts across the material ESG aspects of Economic Sustainability, Corporate Governance, Environmental Performance, Product Excellence, Safety & Health, Labour Practices & Human Rights, Supply Chain & Responsible Procurement, and Community Development.

Board statement on sustainability

The key material environmental, social and governance factors for Keppel Corporation have been identified and are regularly reviewed by Keppel Corporation’s Board of Directors and management. The Board oversees the management and monitoring of these factors and takes them into consideration in the determination of the Company’s strategic direction and policies.

Keppel Corporation Board of Directors

Materiality

Materiality assessments are important components of Keppel’s sustainability strategy and reporting.

Our materiality assessments were based on the AA1000 AccountAbility Principles of Inclusivity and Materiality, as well as the Global Reporting Initiative (GRI) Principles for Defining Report Content – stakeholder inclusiveness, sustainability context, materiality and completeness.

Materiality with respect to sustainability reporting, as defined by GRI Standards, includes topics and indicators that reflect the organisation’s significant economic, environmental, and social impacts; and would substantively influence the assessments and decisions of stakeholders.

UN Global Compact

Keppel Corporation is a signatory of the United Nations (UN) Global Compact, and we are committed to the Compact’s 10 universal principles on human rights, labour, environment and anti-corruption.

Keppel firmly believes that a company that is aligned with the global sustainable development agenda can not only enhance its social licence to operate, but also improve the sustainability, efficiency and competitiveness of its business. We have incorporated the Sustainable Development Goals (SDGs), where appropriate, as a supporting framework to shape and guide our sustainability strategy, and report on how the different activities of the Group contribute towards ten of these goals.

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    SDG 3
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    SDG 6
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    SDG 7
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    SDG 8
  •  
    SDG 9
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    SDG 11
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    SDG 12
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    SDG 13
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    SDG 16
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    SDG 17
  • SDG 3
  • Providing a safe and healthy working environment for all stakeholders is fundamental to our commitment to conduct business responsibly.
  • We are strong advocates for safety and health in the broader community, and champion national and industry initiatives to raise standards and drive innovation in these aspects.
  • SDG 6
  • Our advanced technology solutions address a wide spectrum of environmental issues in solid waste and wastewater management, as well as seawater and freshwater treatment to bolster water supply resilience.
  • SDG 7
  • We enhance access to energy with our diverse portfolio of solutions.
  • Our delivery of the world's first Floating Liquefied Natural Gas vessel conversion puts us ahead of the curve as a leading provider of floating liquefaction solutions.
  • SDG 8
  • Our businesses spark economic growth, productivity and jobs.
  • Our hiring policies ensure equal employment opportunities for all, and we are committed to invest in nurturing our human capital.
  • SDG 9
  • We are committed to operating sustainably, and apply our people and technology to drive innovation and support economic development and the well-being of our communities.
  • SDG 11
  • Our businesses help promote sustainable urbanisation.
  • We offer solutions for property, infrastructure, technology and services that optimise urban systems and contribute towards resilient, green and liveable cities.
  • SDG 12
  • We are focused on achieving sustainable management and efficient use of natural resources.
  • We aim to reduce waste generation through resource efficiency, recycling, and reuse of natural resources.
  • SDG 13
  • We are committed to minimising our environmental impact.
  • To support the climate change agenda, we have set a target of achieving a 28.8% reduction in carbon emissions intensity by 2030 from 2010 levels, in addition to the target of achieving a 16% improvement in carbon emissions from 2020 business-as-usual-levels.
  • SDG 16
  • We will conduct business the right way and comply with all applicable laws and regulations wherever we operate. Our tone on regulatory compliance is clear and consistently reiterated from the top of the organisation.
  • We have zero tolerance for fraud, bribery, corruption and violation of laws and regulations.
  • SDG 17
  • Through collaboration with our stakeholders, we mobilise and share knowledge, expertise, technology and financial resources to support the achievement of the SDGs.
stakeholder engagement

Regular engagement with our stakeholders helps us determine our material areas of focus.

Our stakeholder engagement framework is developed in accordance with the AA1000 AccountAbility Stakeholder Engagement Standard, whereby stakeholders are defined to be individuals, groups of individuals or organisations that affect and/or could be affected by Keppel’s activities, products or services and associated performance.

Our stakeholders
  • Employees
  • Customers
  • Governments
  • Shareholders
  • Suppliers
  • Local communities