Our Approach

How We Report

Reporting Framework and Scope

Our ESG Review has been prepared in accordance with the GRI Standards: Core option. It is guided by the SGX Sustainability Reporting Guide as well as the Ten Principles of the UNGC. Our climate-related disclosures are guided by the recommendations by the Task Force on Climate-related Financial Disclosures (TCFD). Our previous report was published in March 2017. We report on our key ESG indicators in our ESG Review.

Our report provides information on Sembcorp’s subsidiaries and covers the period from January 1 to December 31, 2017. It excludes joint ventures, partnerships and associates for which Sembcorp does not have management and / or operational control, with the exception of GHG emissions data. In line with the methodology used for the development of our carbon emission targets, we now report our GHG emissions and GHG emissions intensity using an equity share approach. Our Marine business is excluded from our report as it is separately listed in Singapore and reports its activities independently. New acquisitions and subsidiaries are given one to two years upon the completion of construction or agreement to integrate their reporting systems with that of the Group. Thereafter, their sustainability data will be reported externally once a full calendar year of data is collected. Data on health and safety, and community investments from our Utilities assets under construction is included. Data pertaining to entities divested during the year are excluded from our report.

Our key ESG data has been independently reviewed by PricewaterhouseCoopers LLP. Click here for their assurance statement and scope of assurance.

The table below shows our reporting scope by business line and material issue.

 

Data Measurement and Quality

All data measurements are in line with GRI Standards requirements for our chosen indicators. GHG emission factors are based on the 2006 Intergovernmental Panel for Climate Change (IPCC) guidelines, except for those relating to our operations on Teesside, UK, which uses the stoichiometric basis of calculation. Global warming potential factors used are from the IPCC Fourth Assessment Report for 2015 and 2016 data, and the IPCC Fifth Assessment Report for 2017 data. The time horizon applied is a 100-year time horizon. In 2017, we have changed our accounting basis for GHG emissions from an operational consolidation to an equity share approach.

Occupational health and safety indicators follow standards set out by the US National Institute for Occupational Safety and Health and the International Association of Oil and Gas Producers.

While there are inherent limitations to the accuracy of data, we seek to minimise any errors and irregularities by strengthening our internal controls.

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