Singapore Exchange (SGX) is committing to a 42% reduction in Scope 2 emissions by FY2031 from the base as at FY2021 (July 2020 to June 2021), pledging to set science-based emissions reduction targets that are consistent with keeping global warming to 1.5°C above pre-industrial levels. For Scope 3 emissions, the exchange plans to engage its co-location data centre supplier for them to set science-based targets within five years.

The commitments are based on the criteria and recommendations of the Science Based Targets initiative (SBTi) , making SGX the first Asian exchange to join Race to Zero and Business Ambition for 1.5°C. SGX will submit its verifiable targets to SBTi for validation.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook