Once again, we feature snippets of news and earnings from several companies.
Sembcorp Industries Limited (SGX: U96)
Sembcorp Industries Limited, or SCI, is an energy and urban solutions provider.
The group has an energy portfolio of over 12,800 MW, out of which 3,300 MW is in renewable energy such as solar and wind energy.
On Monday, SCI announced the launch of Singapore’s first sustainable financing framework for sustainability-linked transactions in the energy sector.
This framework outlines SCI’s strategic approach, lays down key performance indicators (KPI) and sets sustainability performance targets for the group.
Based on this new framework, the group may now issue sustainability-linked bonds, loans or other securities.
Back in June, SCI unveiled a bold plan to transform its portfolio to shift towards renewable energy, with a target to grow profit contribution from such investments to 70% from the current 40% in four years.
Three of the KPI under this framework include greenhouse gas emission intensity,...