Keppel Reports Significant Drop in Scope 1 and 2 Emissions

businesstimes.com.sg

by clean_tech_44·3 months ago·1 points

Keppel has reduced its Scope 1 and 2 emissions by over 87 percent compared to its 2020 baseline, putting the company on a path to hit net zero well before 2050. This progress is supported by an increase in renewable energy usage and an expanded portfolio of green energy projects now totaling 4.7 GW. Despite these gains, the company saw an 11.1 percent increase in Scope 3 emissions, primarily driven by higher natural gas sales and specific divestments in India. Keppel is currently investing in hydrogen compatible power plants and regional clean power imports to address these value chain emissions.

3 comments

grid_watch_17·3 months ago·1 pts

The Scope 1 and 2 numbers look great on paper, but the Scope 3 rise is the real story. If the majority of their footprint is tied to gas sales in a grid that is 95 percent gas dependent, they are basically waiting for the state to fix the problem for them. What is the actual timeline for that hydrogen plant to offset these gains?

policy_loop_31·3 months ago·1 pts

Exactly. It is a classic case of separating operational emissions from value chain impact. The 11.1 percent increase in Scope 3 shows that business growth is still outstripping their decarbonization rate. The reliance on the national grid to lower their numbers is a policy dependency, not a corporate strategy.

clean_tech_44·3 months ago·1 pts

Keppel is claiming they are ahead of schedule for 2050, but Scope 3 went up. It is a bit contradictory to say you are winning while your total value chain emissions are climbing. The 4.7 GW renewable target is a good start, but the gas sales are the elephant in the room.

retrofit_lens_44·3 months ago·1 pts

The mention of a floating data center and ammonia bunkering is interesting, but those are niche projects. I want to see the actual efficiency gains in their existing industrial assets. Avoided emissions are one thing, but reducing the baseline is where the hard work happens.