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Issue 175: Sembcorp courts still-brown Alinta; Asia can’t let coal go

This week in ESG: Sembcorp to buy Australian utility A$6.5 billion; coal phase-out fizzling out in Asia

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Kenneth Lim

Kenneth Lim

Published Fri, Dec 12, 2025 · 07:00 PM
    • Alinta’s indirect emissions exceed Sembcorp’s mostly due to contracted power purchased from a coal plant.
    • Alinta’s indirect emissions exceed Sembcorp’s mostly due to contracted power purchased from a coal plant. ILLUSTRATION: KENNETH LIM

    Sustainable investing

    Sembcorp eyes foothold in Australia via Alinta

    At the heart of Sembcorp’s plan to buy Australian utility Alinta Energy is the chance to get a firm foothold in a potentially massive market for renewables.

    But Alinta is a company that still has a long decarbonisation transition ahead, and an acquisition could complicate Sembcorp’s green journey while adding costs and uncertainties.

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    ESG Insightssembcorp industriesM&Asustainable investingRenewable energyCoalenergy transitionESG

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