Sembcorp spruces up portfolio with green courage
The group plots a roadmap to invest S$5.5b to turn up the pro-climate aspect of its businesses.
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SEMBCORP Industries has not once pined for its "old flame" - an ailing offshore & marine unit - since they broke up less than a year ago. The firm, majority owned by Temasek Holdings, has in fact been celebrating its new phase of life.
It saved the best for last week at an investor day presentation, when the firm's chief executive Wong Kim Yin laid out an admirable roadmap to invest S$5.5 billion to turn up the green on its businesses, including renewables, for the next four and a half years.
Perhaps a sure sign that it has moved on.
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