Our Approach

Sustainable Development Goals

The Sustainable Development Goals (SDGs) and their accompanying targets were ratified by 193 states at the historic United Nations (UN) Summit in September 2015. The SDGs set out a plan of action needed to address areas of critical importance for humanity and the planet by 2030. The scale and ambition of the SDGs mean that they cannot be achieved by governments alone. Businesses and other organisations also play an important role in addressing the sustainable development agenda.

The framework set out by the SDGs aligns with our vision to support development, improve the quality of life and deliver long-term value and growth. We have reviewed the SDGs against our material issues to identify the most significant positive and negative impacts of our operations. We have also considered opportunities where we can make the biggest contribution towards the SDGs while growing our business sustainably.

Having defined our priorities, the next step for Sembcorp is to integrate these into our business strategy and set targets aligned to our priority SDGs. In order to make significant progress on our priority SDGs, we will have to engage in partnerships with stakeholders across our value chain including governments, civil society and other businesses.

Priority SDGs
We have identified SDG 6 (Clean Water and Sanitation) and SDG 7 (Affordable and Clean Energy) as having the strongest links to our core business areas. These goals represent the greatest opportunity for Sembcorp to contribute towards the sustainable development agenda. We will develop specific commitments on these goals, and report on our progress in our next ESG Review.

Supporting SDGs
We have identified the following goals as our supporting SDGs that align with our material issues:

• SDG 3 (Good Health and Well-being)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 11 (Sustainable Cities and Communities)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action) and;
• SDG 16 (Peace, Justice and Strong Institutions)

We will continue to actively manage these areas to reduce negative impacts while enhancing positive impacts, and continue to report on our performance and plans related to these goals.

Underlying SDGs
The remaining SDGs do not have such a direct link to our current material issues. However, as a company we believe that we have some impact across all 17 SDGs in different ways. The SDGs are a holistic framework; having an impact in one area will often impact other goals as well.

We will ensure that our sustainability strategy considers our broader impact across all 17 SDGs. While we will not report directly against the underlying SDGs, our ESG Review will cover many topics relevant across these SDGs.

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