Singapore Post (SingPost) is targeting to achieve net zero carbon emissions for its operations in Singapore by 2030. The company is aiming to achieve the same for its global business units by 2050.
SingPost’s domestic net zero target covers Scope 1 and 2 carbon emissions, while its global commitment includes Scope 1, 2 and 3 carbon emissions.
Different decarbonisation pathways are being explored for the different markets across SingPost operations globally, says the company.
In addition, SingPost will adopt the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), which will enable the company to have a better view on opportunities and financial impacts of climate-related risks.
The TCFD is an initiative of the Financial Stability Board to encourage companies to assess the financial impact of climate-related risks and opportunities.
“SingPost is committed to our purpose of making every delivery count for people and planet. As Singapore’s leading logistics company, we are committed to positive changes by focusing on our environmental and social responsibility. Our net zero target signifies this commitment,” says Michelle Lee, head of sustainability & corporate services at SingPost.
See also: Glasgow Financial Alliance for Net Zero launches APAC network and central office in Singapore
Shares in SingPost closed at 69 cents on April 21.