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
Add BT as a preferred source
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.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Manulife pulls loan product for rich Hong Kong clients after scrutiny
