Potential offtaker

ComfortDelGro Corporation Limited

www.comfortdelgro.com.sg

Estimated electricity consumption

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Countries of production presence

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ComfortDelGro Corporation Limited is a Singaporean multinational transportation company that operates in the transit services sector. The company was founded in 2003 and has since become one of the largest land transport companies in the world, with operations spanning across seven countries, including Singapore, Australia, China, and the United Kingdom. ComfortDelGro is committed to providing safe, reliable, and sustainable transportation services to its customers while also contributing to the decarbonisation of the transport sector.

Decarbonisation is a key focus for ComfortDelGro, as the company recognises the urgent need to reduce greenhouse gas emissions and mitigate the impacts of climate change. The transport sector is a significant contributor to global emissions, accounting for approximately 23% of energy-related CO2 emissions worldwide. ComfortDelGro is committed to reducing its carbon footprint by investing in cleaner and more efficient technologies, such as electric and hybrid vehicles, and exploring alternative fuels, such as hydrogen and biofuels.

In addition to investing in low-carbon technologies, ComfortDelGro is also implementing corporate energy management strategies to reduce its energy consumption and improve energy efficiency. The company has set a target to reduce its energy intensity by 20% by 2025, compared to its 2017 baseline. To achieve this target, ComfortDelGro is implementing measures such as energy-efficient lighting, HVAC systems, and building automation systems. The company is also exploring the use of renewable energy sources, such as solar and wind power, to power its operations.

Corporate power purchase agreements (PPAs) are another important tool that ComfortDelGro is using to transition to renewable energy. PPAs allow companies to purchase renewable energy directly from generators, providing a reliable and cost-effective source of clean energy. In 2020, ComfortDelGro signed a 10-year corporate PPA with Sunseap Group, a leading solar energy provider in Singapore. Under the agreement, ComfortDelGro will purchase 5.8 million kWh of solar energy annually, which is equivalent to powering 1,200 four-room HDB flats for a year. The PPA will help ComfortDelGro to reduce its carbon footprint by approximately 2,600 tonnes of CO2 annually.

Renewable energy is a key focus for ComfortDelGro, as the company recognises the importance of transitioning to a low-carbon economy. The company is exploring a range of renewable energy sources, including solar, wind, and hydrogen, to power its operations. In addition to its corporate PPA with Sunseap, ComfortDelGro is also investing in solar energy installations at its depots and offices. The company has installed solar panels at several of its facilities, including its Woodlands Depot, which is one of the largest solar installations in Singapore. The 2.5 MW solar installation is expected to generate approximately 3 million kWh of clean energy annually, reducing ComfortDelGro's carbon footprint by approximately 1,500 tonnes of CO2 per year.

ComfortDelGro is also exploring the use of hydrogen fuel cell vehicles as a zero-emissions alternative to traditional diesel buses. In 2020, the company announced a partnership with Hyundai Motor Company to develop and test hydrogen fuel cell electric buses in Singapore. The project aims to demonstrate the feasibility and benefits of hydrogen fuel cell technology for public transport, including its potential to reduce emissions, improve air quality, and enhance energy security.

In conclusion, ComfortDelGro Corporation Limited is a leading transportation company that is committed to providing safe, reliable, and sustainable transit services to its customers. The company recognises the urgent need to reduce greenhouse gas emissions and mitigate the impacts of climate change, and is taking proactive steps to transition to a low-carbon economy. ComfortDelGro is investing in cleaner and more efficient technologies, implementing corporate energy management strategies, and exploring the use of renewable energy sources, such as solar, wind, and hydrogen. The company's commitment to decarbonisation and sustainability is a testament to its leadership and vision for a more sustainable future.

✓ Science Based Targets member
✓ Declared Net Zero commitment