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Issue 180: Sembcorp shareholders vote on Alinta deal; new directorship institute launches

This week in ESG: Sembcorp acquisition’s coal exposure raises questions; GDInstitute offers alternative to Singapore Institute of Directors

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Kenneth Lim

Kenneth Lim

Published Fri, Jan 30, 2026 · 07:30 PM
    • Sembcorp will miss its 2028 emissions intensity targets if it acquires Alinta.
    • Sembcorp will miss its 2028 emissions intensity targets if it acquires Alinta. ILLUSTRATION: KENNETH LIM

    Sustainable investing

    Sembcorp needs to better address Alinta’s coal business

    Shareholders of renewable energy group Sembcorp Industries meet on Friday (Jan 30) to decide on a planned A$6.5 billion (S$5.6 billion) takeover of Australian utility Alinta Energy.

    Beyond financials, Sembcorp’s management and board will also have to address concerns about the deal’s impact on the company’s hard-won green credentials. While Alinta has a large renewable-energy pipeline, its existing business includes a substantial coal-fired power segment that will set Sembcorp back on its climate targets.

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