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THINKING ALOUD

Net-zero goals: Talk is cheap if Singapore corporates lack a road map

Businesses need to spell out a clear pathway for cutting carbon emissions

Sharanya Pillai

Sharanya Pillai

Published Tue, Jul 9, 2024 · 02:29 PM
    • While many companies aim for net zero, few have mechanisms such as internal carbon pricing, which Singtel implements.
    • While many companies aim for net zero, few have mechanisms such as internal carbon pricing, which Singtel implements. PHOTO: BT FILE

    A SIZEABLE number of Singapore companies want to hit net-zero emissions by 2050. But such talk is empty if not accompanied by realistic strategies, with real accountability if companies fail to meet their promises.

    A study released on Monday (Jul 8) showed that over 70 per cent of Singapore-listed companies valued above S$1 billion – such as Singtel, Singapore Airlines and CapitaLand Investment – aim to cut their greenhouse gas emissions to a net-zero level by 2050.

    Net zero means that the amount of greenhouse gases released should not exceed the amount removed through methods such as reforestation or carbon offsets.

    net-zeroClimate-related financial disclosuresClimate changeSingtelSingapore AirlinesCapitaLand InvestmentThinking Aloud

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