Singapore Press Holdings Ltd (SPH) is a leading media company in Singapore that operates in the publishing sector. Founded in 1984, the company has grown to become a major player in the media industry in Singapore, with a diverse range of businesses that includes newspapers, magazines, radio, and digital media.

With a strong commitment to sustainability, SPH has been actively pursuing decarbonisation initiatives to reduce its carbon footprint and contribute to the fight against climate change. The company has set ambitious targets to reduce its carbon emissions by 25% by 2025, and to achieve net-zero emissions by 2050.

One of the key strategies that SPH has adopted to achieve its decarbonisation goals is to focus on corporate energy management. The company has implemented a range of energy-saving measures across its operations, including the use of energy-efficient lighting, HVAC systems, and building automation systems. SPH has also invested in renewable energy technologies, such as solar panels, to generate clean energy and reduce its reliance on fossil fuels.

In addition to these measures, SPH has also entered into corporate power purchase agreements (PPAs) to support the development of renewable energy projects. Under these agreements, the company purchases renewable energy from third-party generators, which helps to increase the supply of clean energy in the grid and reduce the carbon intensity of its operations.

One example of SPH's corporate PPA initiatives is its partnership with Sunseap Group, a leading solar energy provider in Singapore. In 2018, SPH signed a 25-year agreement to purchase solar energy from Sunseap's rooftop solar panels, which are installed on SPH's premises. The agreement is expected to generate approximately 1.8 million kilowatt-hours of clean energy per year, which is equivalent to powering around 400 households in Singapore.

SPH has also invested in other renewable energy projects, such as wind farms and hydroelectric power plants, through its subsidiary, SPH Energy. The company has a long-term vision to become a leading player in the renewable energy sector in Asia, and is actively exploring opportunities to expand its portfolio of clean energy assets.

In addition to its decarbonisation initiatives, SPH is also committed to promoting sustainable practices across its value chain. The company has implemented a range of sustainability programs, such as waste reduction and recycling initiatives, to minimize its environmental impact. SPH also works closely with its suppliers and partners to ensure that they adhere to sustainable business practices and environmental standards.

Overall, SPH is a leading media company in Singapore that is committed to sustainability and decarbonisation. The company has set ambitious targets to reduce its carbon footprint, and is actively pursuing a range of initiatives to achieve these goals. With its focus on renewable energy and corporate PPA agreements, SPH is well-positioned to contribute to the transition towards a low-carbon economy in Singapore and beyond.