The megatrends of decarbonisation, urbanisation and electrification are continuing to shape our world. At Sembcorp, we are driven by a clear purpose to play our part in building a sustainable future. With our strategy fully anchored in this purpose, sustainability is front and centre of all that we do. It is our business.

Our vision is to be a leading provider of sustainable solutions. We aim to transform our portfolio from brown to green, by focusing on growing our renewables and integrated urban solutions businesses. To support the global energy transition and sustainable development, we target to grow Group net profit contribution from sustainable solutions to 70% by 2025.

To achieve this, we will prioritise the following:

¹ Excludes corporate costs and exceptional items. Sustainable Solutions include Renewables (wind, solar and energy storage) and Integrated Urban Solutions (urban, water, waste and waste-to-resource)
² This figure includes the acquisitions announced in November and December 2021
³ GHG emissions (absolute) include direct emissions (Scope 1) from our activities and indirect emissions (Scope 2) from our energy consumption

More sustainable 
By 2025, we aim for its sustainable solutions portfolio to comprise 70% of the Group’s net profit, up from around 40% in 2020. We also aim for our renewable energy portfolio to achieve a compounded annual growth rate (CAGR) of 30% and our integrated urban solutions portfolio a 10% CAGR by 2025. 

More renewables
By 2025, we aim to quadruple our gross installed renewable energy capacity to 10GW, up from 2.6GW at the end of 2020.

More sustainable urban developments
By 2025, we aim to triple land sales from our urban business to 500 hectares, up from 172 hectares in 2020.

Lower carbon emissions
- By 2025, we aim to reduce our GHG emissions intensity to 0.40 tonnes of carbon dioxide equivalent per megawatt hour (tCO₂e/MWh) from 0.54tCO₂e/MWh in 2020
- By 2030, we aim to reduce our absolute GHG emissions (Scope 1 and 2) by 90% to 2.7 million tCO₂e from 26.5 million tCO₂e in 2020
- We aim to deliver net-zero emissions by 2050

As a Group, we commit to no new coal-fired energy asset investments.

In line with our strategic plan, we also reaffirmed our commitment to the UN Sustainable Development Goals (SDGs) of SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).

Visit our Climate Action Plan page or our Strategic Plan video for more information.