Our Approach

How We Report

Reporting framework
Our Sustainability Report has been prepared in accordance with the GRI Standards: Core option. It is guided by the Singapore Exchange (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 2018.

We report on our key ESG indicators in our Sustainability Report.

Reporting scope and assurance
Our report provides information on Sembcorp’s subsidiaries and covers the period from January 1 to December 31, 2018. It excludes joint ventures, partnerships and associates where 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 emission 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 year 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 Energy assets under construction is included. Data pertaining to entities divested during the year are excluded from our report.

Our key sustainability data has been independently reviewed by PricewaterhouseCoopers LLP. Please refer to the Performance Data and Commentary report 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 IPCC guidelines, except for those relating to our operations in Teesside, UK, which use the stoichiometric basis of calculation. Global warming potential factors used are from the IPCC Fourth Assessment Report for 2016 data, and the IPCC Fifth Assessment Report for 2017 and 2018 data. A 100-year time horizon is applied. In 2017, we 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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