Keppel

Keppel, headquartered in Singapore and operating in services auxiliary to financial intermediation, reported its most recent emissions for 2025.

2025 Emissions:

• Scope 1 emissions: 1,229,000 kg CO2e
• Scope 2 emissions: 20,083,000 kg CO2e (market-based) or 48,821,000 kg CO2e (location-based)
• Scope 3 emissions: 6,700,000,000 kg CO2e, including significant contributions from use of sold products (5,153,205,000 kg CO2e), purchased goods and services (904,481,000 kg CO2e), and investments (388,884,000 kg CO2e).

Historical Emissions Data:

• In 2024, Keppel's Scope 1 emissions were 1,323,000 kg CO2e and Scope 2 emissions were 30,399,000 kg CO2e.
• In 2023, Scope 1 emissions were 3,091,000 kg CO2e and Scope 2 emissions were 49,415,000 kg CO2e.
• In 2022, Scope 1 emissions were 29,420,000 kg CO2e and Scope 2 emissions were 112,584,000 kg CO2e.
• In 2021, Keppel reported Scope 1 emissions of 28,628,000 kg CO2e, Scope 2 emissions of 128,494,000 kg CO2e, and Scope 3 emissions of 2,941,163,000 kg CO2e.
• In 2020, Scope 1 emissions were 42,476,000 kg CO2e, Scope 2 emissions were 129,806,000 kg CO2e, and Scope 3 emissions were 1,909,309,000 kg CO2e.
• In 2019, Scope 1 emissions were 29,564,000 kg CO2e, Scope 2 emissions were 142,558,000 kg CO2e, and Scope 3 emissions were 1,745,032,000 kg CO2e.
• In 2018, Scope 1 emissions were 26,299,000 kg CO2e and Scope 2 emissions were 155,503,000 kg CO2e, with Scope 3 investments at 198,632,000 kg CO2e.
• In 2017, Scope 1 emissions were 248,083,000 kg CO2e and Scope 2 emissions were 152,344,000 kg CO2e, with Scope 3 investments at 197,790,000 kg CO2e.
• In 2016, Scope 1 emissions were 1,205,749,000 kg CO2e and Scope 2 emissions were 224,146,000 kg CO2e.
• In 2015, Scope 1 emissions were 663,557,000 kg CO2e and Scope 2 emissions were 175,165,000 kg CO2e.
• In 2014, Scope 1 emissions were 578,725,000 kg CO2e and Scope 2 emissions were 202,747,000 kg CO2e.

Climate Commitments and Targets: Keppel has established several ambitious climate targets:

• Near-term (2025): Keppel aims to reduce Scope 1 and Scope 2 emissions to near zero by the middle of this decade. Specifically, Keppel's Real Estate Division, in accordance with the Science-Based Targets Initiative (SBTi), plans to halve its absolute Scope 1 and 2 emissions by 2025 from 2020 levels (50% reduction).
• Medium-term (2030): Keppel is committed to halving its absolute Scope 1 and 2 carbon emissions by 2030 compared to 2020 levels. The company also aims to achieve 30% reduction for Scope 1 and 2 emissions by 2030 from a 2019 baseline. Furthermore, Keppel's Data Centres and Networks Division aims for net zero Scope 1 and 2 emissions for all new data centre assets in Singapore by 2030. Keppel's Real Estate Division also aims for net zero by 2030.
• Long-term (2050): Keppel is committed to achieving net zero Scope 1 and 2 emissions by 2050. Keppel Infrastructure Trust has also set a long-term target of net zero Scope 1 and 2 emissions by 2050.

Emissions Intensity Targets:

• Keppel's Infrastructure Division aims to reduce the carbon emissions intensity of Keppel's Singapore power portfolio from approximately 0.37 tonnes CO2e/MWh to 0.27 tonnes CO2e/MWh by 2035, representing a reduction of over 27%.