Keppel

Keppel's reported carbon emissions

Keppel's climate commitments include ambitious targets for emissions reduction. The company aims to halve its Scope 1 and 2 carbon emissions by 2030, using 2020 as a baseline year, and achieve net zero Scope 1 and 2 emissions by 2050. Furthermore, Keppel has a near-term goal to reduce Scope 1 and Scope 2 emissions to near zero by the middle of this decade. For the reporting year 2025, Keppel reported total emissions of approximately 6.71 billion kg CO2e. This figure encompasses Scope 1 emissions totalling about 1.23 million kg CO2e, Scope 2 emissions of approximately 20.08 million kg CO2e, and Scope 3 emissions amounting to approximately 6.68 billion kg CO2e. In 2024, Scope 1 emissions were approximately 1.32 million kg CO2e and Scope 2 emissions were about 30.40 million kg CO2e. In 2023, Scope 1 emissions were recorded at approximately 3.09 million kg CO2e, with Scope 2 emissions at about 49.42 million kg CO2e. The company's Real Estate Division is aligned with the Science-Based Targets initiative (SBTi) and has committed to halving its absolute Scope 1 and 2 emissions by 2025 from 2020 levels, with a net-zero target by 2030. Keppel Infrastructure Trust has set a long-term target of net zero Scope 1 and 2 emissions by 2050. Additionally, Keppel's Infrastructure Division aims to reduce the carbon emissions intensity of its Singapore power portfolio from about 0.37 tonnes CO2e/MWh to 0.27 tonnes CO2e/MWh by 2035.