- Persistently tight labor markets
- Elevated inflation levels
- A heightened interest rate environment
- Disruptions in global supply chains
- Climate change
- Increased market demand for sustainable products
- Regulatory changes (higher carbon pricing, stricter regulations on aviation sector)
- Potential for acute physical risks (cyclones, flooding)
- Transition risks (policy & legal, technology, market, reputation)
China Aviation Oil (Singapore) Corporation Ltd
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, China Aviation Oil (Singapore) Corporation Ltd disclosed greenhouse gas emissions of 659.7 tCO2e. By scope: Scope 1: 386.29 tCO2e; Scope 2: 273.43 tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
659.7 tCO2e
2023
Energy Use
7.4M MJ
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 386.29 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 273.43 tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 659.7 tCO2e |
| 2022 | 1.1K tCO2e/year |
| 2021 | 307 tonnes CO2e reduction (from ship chartering) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Renewed ISCC CORSIA and ISCC EU certifications for bio-jet fuel and biodiesel
- Completed a 3,000-ton blended bio-jet fuel trade
- No oil spills or environmental pollution incidents in marine oil transportation
- No reportable pipeline incidents, accident releases, or non-accident releases in storage and transportation
🎯 Climate & Sustainability Targets
🔜 Short-term
- Identify the amount of business activities/facilities susceptible to physical risk
- Maintain Scopes 1 and 2 emissions profile and measure emissions from Scope 3 and diligently track carbon emissions from shipping
- Taking 2023 as the base year, increase the supply of SAF in line with market demand, and continuously quantify and disclose SAF being supplied annually
- Maintain the good track record of no serious violations
- Maintain the good track record of no oil spills or environmental pollution incidents in pipeline and store tank operations; Ensure 100% due diligence on vessel selection; Implement emergency response drills and enhance the emergency response capabilities of operational staff
📅 Medium-term
- Link the integration of ESG considerations into management’s remuneration, with a focus on climate targets
- Achieve a 30% reduction in Scopes 1 & 2 emissions by 2030, compared to the baseline year 2023
- Expand the bio aviation coal business
- Ensure 100% coverage of compliance-related training for all employees
- Select appropriate sustainability indicators to be used in selecting and evaluating suppliers; Collaborate with suppliers to map the emissions footprint of the products we source and prepare for CORSIA’s 2027 mandatory carbon offset requirements
🔭 Long-term
- Achieve net-zero by 2050
- Evaluate market demand and become the most competitive SAF supplier in the Asia Pacific region
- Continue to revise and review existing internal policies and guidelines, with the aim to optimise processes and internal controls
- Become a responsible SAF supplier and renew our ISCC CORSIA PLUS and ISCC EU Certification regularly
- Understand local community’s need, invest and help the underprivileged, from children to seniors, from low-income families and other disadvantaged communities, as well as the preservation of our environment
🌱 ESG Focus Areas
Climate Change ManagementLow Carbon Transition and Carbon NeutralityBiodiversity and Ecological ImpactDiversity and Equal OpportunityHealth And SafetyCommunity Investment and DevelopmentSustainable Aviation FuelSustainable Supply ChainCorporate GovernanceAsset Integrity and Critical Incident ManagementCyber Security and Data PrivacyClimate Change Strategy