Running Our Business Sustainably

We have committed to halve Scope 1 and 2 carbon emissions by 2030, compared to 2020 levels, and achieve net zero by 2050. We aim for 50% of the Group's electricity use to be from renewables by 2025, and 100% by 2030. We are expanding our tracking of Scope 3 emissions to cover all 15 categories, and are working with our supply chain and investments to improve energy efficiency and reduce emissions where possible.

Key decarbonisation initiatives:

  • Keppel Land and M1 have announced Science-Based Targets Initiative (SBTi)-validated emission reduction targets, consistent with the reductions needed to limit global warming to 1.5°C.
  • Keppel Infrastructure aims to reduce the emissions intensity of the Group’s power portfolio and achieve net zero emissions by 2050.
  • In 2022, Keppel Capital became a signatory of the United Nations-supported Principles for Responsible Investing.
  • Keppel Data Centres aims to achieve net zero Scope 1 and 2 emissions for all its new data centre assets in Singapore by 2030.

Making Sustainability Our Business

Net zero commitments by governments and companies are creating strong demand for renewables, clean energy and decarbonisation solutions – areas where Keppel has strong capabilities and where we are creating solutions for a sustainable future.

Key initiatives and achievements in 2022 include:

  • Growing Keppel’s renewable energy assets from 1.1 GW in end-2021 to 2.6 GW by end-20221.
  • Commenced the first import of renewable energy into Singapore from Laos.
  • Developing Singapore’s first hydrogen-ready power plant.
  • Exploring the development of green hydrogen and ammonia projects and large-scale carbon capture, utilisation and sequestration in Singapore.
  • Pivoting Keppel Land from a traditional developer to focus on sustainable urban renewal.
  • Exploring innovative proposals to reduce the carbon footprint of data centres, such as floating data centres and green data centre parks.
  • Launched the Keppel Sustainable Urban Renewal Fund.

Commitment to Sustainability

Net Zero

Halve Scope 1 and 2 carbon emissions by 2030 from 2020 levels, and achieve net zero by 2050.

Renewable Energy Portfolio

2.6 GW1

Grew the Group’s renewable energy portfolio to 2.6 GW by end-2022 from 1.1 GW in end-2021.

1 On gross basis and includes projects under development.