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Sembcorp Industries launches Singapore's first sustainable financing framework in energy sector

Felicia Tan
Felicia Tan8/30/2021 5:59 PM GMT+08  • 2 min read
Sembcorp Industries launches Singapore's first sustainable financing framework in energy sector
Following the launch, Sembcorp may now issue sustainability-linked bonds, loans or other sustainability-linked instruments.
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Sembcorp Industries has launched the Sembcorp Sustainable Financing Framework, which lays out Sembcorp’s strategic approach, key performance indicators (KPIs) and sustainability performance targets (SPTs) for its sustainability-linked transactions.

The three KPIs set out by the group are greenhouse gas (GHG) emissions intensity (Scope 1 and 2), GHG absolute emissions (Scope 1 and 2) and gross installed renewable energy capacity.

In line with the KPIs, Sembcorp has defined the sustainability performance targets that will measure the progress of its transformation towards a low-carbon and sustainable solutions portfolio. The targets will also contribute to the UN Sustainable Development Goals (SDGs), in particular affordable and clean energy as well as climate action.

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