Singapore Telecommunications Limited (Singtel)
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Singapore Telecommunications Limited (Singtel) is a leading provider of telecommunications services in Singapore and the Asia-Pacific region. The company operates in the Wireless Service Providers sector and has a strong focus on sustainability, particularly in the areas of decarbonisation, corporate energy, corporate PPA, and renewable energy.
Singtel has made a commitment to reduce its carbon emissions and achieve net-zero emissions by 2050. To achieve this goal, the company has implemented a range of initiatives to reduce its energy consumption and increase its use of renewable energy sources. These initiatives include the installation of energy-efficient equipment, the use of renewable energy sources such as solar power, and the implementation of energy management systems to monitor and control energy use.
One of Singtel's key initiatives in the area of decarbonisation is the implementation of a corporate power purchase agreement (PPA) for renewable energy. In 2020, Singtel signed a 20-year PPA with Sunseap Group, a leading provider of solar energy solutions in Singapore. Under the agreement, Singtel will purchase renewable energy generated by Sunseap's solar farms in Singapore, which will help to reduce the company's carbon emissions and support the development of renewable energy in the country.
Singtel has also implemented a range of initiatives to reduce its corporate energy consumption. These initiatives include the installation of energy-efficient lighting and air conditioning systems, the use of energy-efficient equipment and appliances, and the implementation of energy management systems to monitor and control energy use. In addition, Singtel has implemented a range of measures to encourage its employees to adopt more sustainable practices, such as promoting the use of public transport and cycling to work.
Singtel has also made a significant investment in renewable energy. In 2019, the company announced that it had invested in a solar power project in India, which is expected to generate 140 megawatts of renewable energy. The project is part of Singtel's broader strategy to invest in renewable energy projects across the Asia-Pacific region and support the development of renewable energy sources.
Singtel has also been recognized for its sustainability efforts. In 2020, the company was included in the Dow Jones Sustainability Asia Pacific Index for the ninth consecutive year. The index recognizes companies that demonstrate leadership in sustainability and corporate social responsibility.
In conclusion, Singtel is a leading provider of telecommunications services in Singapore and the Asia-Pacific region, with a strong focus on sustainability. The company has implemented a range of initiatives to reduce its carbon emissions, increase its use of renewable energy sources, and reduce its corporate energy consumption. Singtel's commitment to sustainability has been recognized through its inclusion in the Dow Jones Sustainability Asia Pacific Index and its investment in renewable energy projects across the region.