Keppel Sustainability Profile
Keppel Corporation, often referred to simply as Keppel, is a leading Singapore-based conglomerate with its headquarters in Singapore (SG). Founded in 1968, the company has established a strong presence across various sectors, including offshore and marine, property, infrastructure, and investments. Keppel's diverse portfolio includes innovative solutions in energy, urban development, and sustainable infrastructure, setting it apart in the competitive landscape. The company is renowned for its commitment to sustainability and technological advancement, which has earned it a prominent position in the global market. With significant operations in Asia, Europe, and the Americas, Keppel continues to achieve notable milestones, reinforcing its reputation as a key player in the industry. Its strategic focus on integrated solutions and long-term value creation positions Keppel as a forward-thinking leader in the global economy.
DitchCarbon Score
How does Keppel's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Keppel's score of 71 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Keppel's reported carbon emissions
In 2024, Keppel's total carbon emissions amounted to approximately 6.07 billion kg CO2e, comprising 1,323,000 kg CO2e from Scope 1, 30,399,000 kg CO2e from Scope 2, and a significant 6,033,570,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive approach to emissions reporting, with all three scopes disclosed. Keppel has set ambitious climate commitments, aiming to reduce its Scope 1 emissions to near zero by 2025 and Scope 2 emissions to near zero by the same year. Additionally, the company is committed to halving its absolute Scope 1 and 2 emissions by 2030, compared to 2020 levels, and achieving net zero for these scopes by 2050. Specific initiatives include a target to reduce the carbon emissions intensity of its Singapore power portfolio from about 0.37 tCO2/MWh to 0.27 tCO2/MWh by 2035. These commitments are part of Keppel's broader strategy to align with the Science-Based Targets Initiative (SBTi) and demonstrate its dedication to sustainable practices in the face of climate change.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 578,725,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 202,747,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - | - | 0,000,000,000 |
How Carbon Intensive is Keppel's Industry?
How Carbon Intensive is Keppel's Location?
Keppel's Scope 3 Categories Breakdown
Keppel's Scope 3 emissions, which increased by 105% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 73% of Scope 3 emissions.
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Keppel's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Keppel has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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