Singapore Power
Singapore Power, often referred to as SP Group, is a leading energy utility company headquartered in Singapore (SG). Established in 1997, it has since become a pivotal player in the energy sector, primarily focusing on electricity and gas distribution, as well as energy retail services. With a commitment to sustainability and innovation, Singapore Power operates across Singapore and has expanded its reach into the Asia-Pacific region. The company is renowned for its advanced smart grid technologies and integrated energy solutions, which enhance efficiency and reliability for its customers. Notable achievements include its recognition as a top utility in Asia, reflecting its strong market position and dedication to delivering exceptional service. Singapore Power continues to lead the way in transforming the energy landscape, making it a cornerstone of Singapore's infrastructure.
DitchCarbon Score
How does Singapore Power'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 Electricity from Other Sources 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
Singapore Power's score of 31 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Singapore Power's reported carbon emissions
In 2023, Singapore Power reported total carbon emissions of approximately 70333000 kg CO2e for Scope 1, 393874000 kg CO2e for Scope 2 (market-based), and 684860000 kg CO2e for Scope 3, resulting in a combined total of about 467430000 kg CO2e for Scope 1 and 2. This reflects a commitment to transparency in emissions reporting, with data disclosed across all three scopes. Looking at previous years, emissions for 2022 were approximately 76721000 kg CO2e (Scope 1), 347291000 kg CO2e (Scope 2 market-based), and 757536000 kg CO2e (Scope 3). The trend indicates a focus on managing and reducing emissions, particularly in Scope 2, which is critical for companies in the energy sector. Singapore Power has set an ambitious target to achieve net zero emissions by 2050, aligning with Singapore's national goals. This long-term commitment, initiated in 2023, encompasses all scopes of emissions, demonstrating a comprehensive approach to sustainability. The company has not reported any specific Science-Based Targets Initiative (SBTi) targets, but its overarching net zero goal reflects a strategic alignment with global climate commitments. As Singapore Power continues to enhance its sustainability initiatives, it remains focused on reducing its carbon footprint and contributing to a sustainable future.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,854,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 21,842,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Singapore Power is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
