Issue 74: Sembcorp’s big spending might still fall short; Apac investors buy now, hope for green later

In this issue: Getting to 70 per cent profit attributable to sustainable solutions remains an uphill challenge for Sembcorp, while regional fund managers seem comfortable investing in companies with less-than-stellar ESG credentials.

Singapore

Green profits don’t come easy

Sembcorp Industries will more than double its investment into its “Brown to Green” business transition over the next five years, based on a refreshed strategic plan. Yet, even that may not be enough for the industrial group to hit a looming 2025 target to make 70 per cent of its profit from sustainable solutions.