- Challenging external operating environment in FY2023 due to high cost of funds and economic slowdown.
- Higher cost of funds outpacing the increase in total interest income, leading to lower net interest income.
- Geopolitical tensions and uncertainties impacting customer behavior on credit demand.
Singapura Finance Ltd
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Singapura Finance Ltd disclosed greenhouse gas emissions of 106 tCO2e (FY2023). By scope: Scope 1: 3 tCO2e (FY2023); Scope 2: 103 tCO2e (FY2023). 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
106 tCO2e (FY2023)
2023
Water Usage
466.0 m3 (FY2023)
2023
Energy Use
247.9K kWh (FY2023)
2023
π 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). | 3 tCO2e (FY2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 103 tCO2e (FY2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
π Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 106 tCO2e (FY2023) |
| 2022 | 106 tonnes of CO2e |
| 2021 | 120 tonnes of CO2e |
| 2020 | 119 tonnes of CO2e |
| 2019 | 129 tonnes of CO2e |
| 2017 | 132 tonnes of CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
β Reported Environmental Achievements
- Annual energy consumption decreased by 4.8% from FY2022 and 23% from FY2017 to 247,917 kWh. Energy intensity per employee reduced by 5.7% from FY2022 to FY2023 and 22.2% from FY2017 to FY2023.
- Scope 2 GHG emissions decreased by 2.8% to 103 tCO2e compared to FY2022. Scope 1 and 2 GHG emissions intensity reduced by approximately 1% from FY2022 to 1.03 tCO2e/person.
- 80% of SFLβs marketing documentation process went paperless since 2020. Google Cloud, a carbon-neutral service provider, was adopted to host some systems and servers.
π± ESG Focus Areas
Economic PerformanceResponsible LendingCustomer PrivacyAnti-corruptionMarketing and LabellingCustomer ExperienceIndirect economic impactEnergy and EmissionsWater ConsumptionSocio-economic ComplianceDiversity and Equal OpportunityTraining and EducationLocal communitiesEmploymentOccupational safety and health