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

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.