Singtel sets new emission targets
It aims for a group-wide 55% reduction in Scope 1 and 2 emissions.
Singtel will make more aggressive cuts to its greenhouse gas emissions to align with the goals of the Paris Climate Agreement to limit global warming to 1.5°C.
The company aims for a group-wide 55% reduction in Scope 1 and 2 direct and indirect greenhouse gas emissions and a 40% reduction in Scope 3 third-party emissions by 2030, using 2023 as the base year.
The new targets set by Singtel have been validated by the Science Based Targets initiative (SBTi), marking a first in the telecoms space in Asia.
“The SBTi Target Validation Team has confirmed that the net-zero goal of 2045, which Singtel had brought forward from 2050 in July 2023, is closely aligned with SBTi’s most stringent criteria,” Singtel stated.