- Transition risks from changes in asset values, regulatory changes, and market disruptions
- Physical risks from extreme weather patterns
- Market volatility impacting emission numbers due to mark-to-market investments and currency fluctuations
Great Eastern Holdings Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Great Eastern Holdings Limited disclosed greenhouse gas emissions of 16.1K tCO2e (2023). By scope: Scope 1: 2.3K tCO2e (2023); Scope 2: 15.3K tCO2e (2023); Scope 3: 3.3K tCO2e (2023). 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
16.1K tCO2e (2023)
2023
Water Usage
201.7K m³ (2023)
2023
Waste
108.77 tons (2023)
2023
Energy Use
29.3K MWh (2023)
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). | 2.3K tCO2e (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 15.3K tCO2e (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.3K tCO2e (2023) |
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 | 16.1K tCO2e (2023) |
| 2022 | 13.1K tCO2e (2022) |
| 2021 | 13.3K tCO2e/year |
| 2019 | 15.1K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced the carbon footprint of our listed equity portfolio by 22.2% and corporate bond portfolio by 40.5% (baseline year: 2020)
- Reduced total operational emissions intensity (tCO2e/Full-Time Employee) by 25% (baseline year: 2019)
- Launched GREAT EV Protect insurance for electric vehicles
- Transited c. S$200mn of developed markets listed equity portfolio to climate mandate and added close to S$900mn in green bonds and impact/decarbonisation private equity
- Conducted 242 engagements with corporates on ESG issues
- 19% year-on-year reduction in paper usage due to digitization efforts
🎯 Climate & Sustainability Targets
🔜 Short-term
- Operational Net Zero by 2025
📅 Medium-term
- 40% reduction in carbon footprint of listed equity and 45% reduction for corporate bond asset class by 2030 (baseline year: 2020)
- 30% reduction in carbon emissions for retail motor business by 2030 (baseline year: 2023)
- S$3bn green bond holdings by 2025
- S$100mn in impact/decarbonisation private equity solutions by 2025
🔭 Long-term
- Net Zero by 2050
🌱 ESG Focus Areas
Climate ChangeResponsible FinancingSustainable Financial SolutionsCommunity DevelopmentTalent Management and WellbeingWorkplace DiversityCybersecurity and Data ProtectionFair DealingFinancial Crime PreventionGovernance and Culture