- Riverine flooding, coastal flooding, heavy precipitation, and increased air surface temperature impacting infrastructure and operations.
- Increased regulatory expectations for GHG emissions reporting and climate risk disclosure.
- Shift in investor preferences towards responsible investments.
- Changing energy mix impacting grid stability due to distributed renewable energy resources.
SP Group
Greenhouse gas emissions & sustainability report data
In its 2022-04 to 2023-03 reporting, SP Group disclosed greenhouse gas emissions of 874.5K tCO2e/year (Scope 1+2+3). By scope: Scope 1: 76.7K tCO2e/year; Scope 2: 347.3K tCO2e/year (market-based); Scope 3: 757.5K tCO2e/year. 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
874.5K tCO2e/year (Scope 1+2+3)
2022-04 to 2023-03
📊 Emissions by Scope (2022-04 to 2023-03)
| 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). | 76.7K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 347.3K tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 757.5K tCO2e/year |
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 |
|---|---|
| 2022-04 to 2023-03 | 874.5K tCO2e/year (Scope 1+2+3) |
| 2021-04 to 2022-03 | 497.3K tCO2e/year |
| 2019-04 to 2020-03 | 381.1K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Avoided more than 778,575 tonnesCO2e emissions through low carbon initiatives (district cooling, solar, electromobility), equivalent to planting over 38 million rain trees or removing over 707,796 cars from the road for a year.
- Installed rooftop solar panels at 6 substations (7.1 MWp) by end of 2023, with a plan to complete 37 substations (15.7 MWp) by 2025.
- Installed 8.5 MWp of solar panels for customers, helping them avoid close to 4,000 tonnesCO2e.
- Installed close to 800 kWp of solar panels across SP premises, avoiding close to 321 tonnesCO2e.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Installing rooftop solar panels at 37 electricity substations by 2025.
📅 Medium-term
- Achieving regional leadership in sustainable energy solutions by 2030.
🔭 Long-term
- Supporting Singapore's net-zero emissions ambitions.
🌱 ESG Focus Areas
Network ReliabilityInnovationCustomer Empowerment