SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ SP Group’s Integrated Energy Solutions to Power Rangsit University’s Green Energy Transformation SP is partnering Rangsit University (RSU) in Thailand to transform RSU’s main campus into a smart energy, low-carbon academic environment. Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore.

SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7 to ensure access to reliable, sustainable and modern energy for all. In the past year, we have added SDG 9 to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. In our Sustainability Review, we outline our progress towards these goals in the past financial year. While maintaining our focus on upholding reliability and safety, we have charted new paths for the business with Strategy 2030, a 10-year roadmap to create a low carbon, smart energy Singapore and be a leading sustainable energy solutions player in the Asia-Pacific. TAGS SUSTAINABILITY YOU MIGHT BE INTERESTED TO READ SP Group’s Integrated Energy Solutions to Power Rangsit University’s Green Energy Transformation SP is partnering Rangsit University (RSU) in Thailand to transform RSU’s main campus into a smart energy, low-carbon academic environment. Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore.

Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 ://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 ://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic ?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search Searchhttps://www.spgroup.com.sg/search?tag=china customers' sustainability goals. Following our first foray in China in 2015 SP Group invests in first batch of agrivoltaics assets in Chinahttps://www.spgroup.com.sg/about-us/media Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=growing-greener Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/growing-greener-and-cooler-outdoors SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Growing Greener and Cooler Outdoors SUSTAINABILITY Photo: NDP 2018 Exco Powering Singapore’s birthday [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7 to ensure access to reliable, sustainable and modern energy for all. In the past year, we have added SDG 9 to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. In our Sustainability Review, we outline our progress towards these goals in the past financial year. While maintaining our focus on upholding reliability and safety, we have charted new paths for the business with Strategy 2030, a 10-year roadmap to create a low carbon, smart energy Singapore and be a leading sustainable energy solutions player in the Asia-Pacific. TAGS SUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-group-s-annual-sustainability-review-2022 SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s Annual Sustainability Review 2022 SUSTAINABILITY As a leading utilities group in Asia Pacific, SP Group empowers the future of energy with low-carbon, smart energy solutions for our customers. Sustainability is central to our mission and business objectives. Our Sustainability Review presents the various aspects of our sustainability strategies and performance, and highlights energy solutions that empower our customers to achieve their green ambitions. It also charts the progress towards our goals. In this third edition of our Sustainability Review, we incorporate the reporting recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). It reflects our commitment to accountability to stakeholders as well as our drive for continuous improvement in our performance towards climate action. We have also taken a step further to seek external assurance on our greenhouse gas emissions for FY2021/2022 according to ISO 14064-3:2019 standards to provide credibility to the data and demonstrate our alignment with international best practices. Read our Sustainability Review FY2021/2022 for more details. TAGS SUSTAINABILITY REVIEW YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 /search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 /search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=growing-greener Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/growing-greener-and-cooler-outdoors SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Growing Greener and Cooler Outdoors SUSTAINABILITY Photo: NDP 2018 Exco Powering Singapore’s birthday [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7 to ensure access to reliable, sustainable and modern energy for all. In the past year, we have added SDG 9 to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. In our Sustainability Review, we outline our progress towards these goals in the past financial year. While maintaining our focus on upholding reliability and safety, we have charted new paths for the business with Strategy 2030, a 10-year roadmap to create a low carbon, smart energy Singapore and be a leading sustainable energy solutions player in the Asia-Pacific. TAGS SUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 /search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 /search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Searchhttps://www.spgroup.com.sg/search?tag=growing-greener Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/growing-greener-and-cooler-outdoors SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Growing Greener and Cooler Outdoors SUSTAINABILITY Photo: NDP 2018 Exco Powering Singapore’s birthday [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 /search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 /search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Searchhttps://www.spgroup.com.sg/search?tag=growing-greener Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/growing-greener-and-cooler-outdoors SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Growing Greener and Cooler Outdoors SUSTAINABILITY Photo: NDP 2018 Exco Powering Singapore’s birthday [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7 to ensure access to reliable, sustainable and modern energy for all. In the past year, we have added SDG 9 to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. In our Sustainability Review, we outline our progress towards these goals in the past financial year. While maintaining our focus on upholding reliability and safety, we have charted new paths for the business with Strategy 2030, a 10-year roadmap to create a low carbon, smart energy Singapore and be a leading sustainable energy solutions player in the Asia-Pacific. TAGS SUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-group-s-annual-sustainability-review-2022 SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s Annual Sustainability Review 2022 SUSTAINABILITY As a leading utilities group in Asia Pacific, SP Group empowers the future of energy with low-carbon, smart energy solutions for our customers. Sustainability is central to our mission and business objectives. Our Sustainability Review presents the various aspects of our sustainability strategies and performance, and highlights energy solutions that empower our customers to achieve their green ambitions. It also charts the progress towards our goals. In this third edition of our Sustainability Review, we incorporate the reporting recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). It reflects our commitment to accountability to stakeholders as well as our drive for continuous improvement in our performance towards climate action. We have also taken a step further to seek external assurance on our greenhouse gas emissions for FY2021/2022 according to ISO 14064-3:2019 standards to provide credibility to the data and demonstrate our alignment with international best practices. Read our Sustainability Review FY2021/2022 for more details. TAGS SUSTAINABILITY REVIEW YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Expansion of SP’s district cooling network at Marina Bay SP’s district cooling network at Marina Bay will be expanded to include the developments of four customers – Marina View, Clifford Centre, OUE Bayfront and The Fullerton Heritage, which includes Fullerton Bay Hotel, Clifford Pier and Customs House, – increasing the network’s installed capacity to 75,000 refrigeration tonnes (RT) by 2027. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s Sabeco partners SP Group to install rooftop solar system across nine breweries in Vietnamhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sabeco-partners-SP-Group-to-install-rooftop-solar-system-across-nine-breweries-in-Vietnam . Singapore, 15 May 2023 – SP Group (SP), a utilities group and sustainable energy solutions provider in Singapore and the Asia Pacific, and Saigon Beer Alcohol Beverage Corporation (SABECO), Vietnam’s leading beer manufacturer and distributor, have signed a partnership to install 10.44 Megawatt-peak 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Expansion of SP’s district cooling network at Marina Bay SP’s district cooling network at Marina Bay will be expanded to include the developments of four customers – Marina View, Clifford Centre, OUE Bayfront and The Fullerton Heritage, which includes Fullerton Bay Hotel, Clifford Pier and Customs House, – increasing the network’s installed capacity to 75,000 refrigeration tonnes (RT) by 2027. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7 to ensure access to reliable, sustainable and modern energy for all. In the past year, we have added SDG 9 to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. In our Sustainability Review, we outline our progress towards these goals in the past financial year. While maintaining our focus on upholding reliability and safety, we have charted new paths for the business with Strategy 2030, a 10-year roadmap to create a low carbon, smart energy Singapore and be a leading sustainable energy solutions player in the Asia-Pacific. TAGS SUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Expansion of SP’s district cooling network at Marina Bay SP’s district cooling network at Marina Bay will be expanded to include the developments of four customers – Marina View, Clifford Centre, OUE Bayfront and The Fullerton Heritage, which includes Fullerton Bay Hotel, Clifford Pier and Customs House, – increasing the network’s installed capacity to 75,000 refrigeration tonnes (RT) by 2027. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-group-s-annual-sustainability-review-2022 SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s Annual Sustainability Review 2022 SUSTAINABILITY As a leading utilities group in Asia Pacific, SP Group empowers the future of energy with low-carbon, smart energy solutions for our customers. Sustainability is central to our mission and business objectives. Our Sustainability Review presents the various aspects of our sustainability strategies and performance, and highlights energy solutions that empower our customers to achieve their green ambitions. It also charts the progress towards our goals. In this third edition of our Sustainability Review, we incorporate the reporting recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). It reflects our commitment to accountability to stakeholders as well as our drive for continuous improvement in our performance towards climate action. We have also taken a step further to seek external assurance on our greenhouse gas emissions for FY2021/2022 according to ISO 14064-3:2019 standards to provide credibility to the data and demonstrate our alignment with international best practices. Read our Sustainability Review FY2021/2022 for more details. TAGS SUSTAINABILITY REVIEW YOU MIGHT BE INTERESTED TO READ Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Expansion of SP’s district cooling network at Marina Bay SP’s district cooling network at Marina Bay will be expanded to include the developments of four customers – Marina View, Clifford Centre, OUE Bayfront and The Fullerton Heritage, which includes Fullerton Bay Hotel, Clifford Pier and Customs House, – increasing the network’s installed capacity to 75,000 refrigeration tonnes (RT) by 2027. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Expansion of SP’s district cooling network at Marina Bay SP’s district cooling network at Marina Bay will be expanded to include the developments of four customers – Marina View, Clifford Centre, OUE Bayfront and The Fullerton Heritage, which includes Fullerton Bay Hotel, Clifford Pier and Customs House, – increasing the network’s installed capacity to 75,000 refrigeration tonnes (RT) by 2027. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovati

Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ SP Group’s Integrated Energy Solutions to Power Rangsit University’s Green Energy Transformation SP is partnering Rangsit University (RSU) in Thailand to transform RSU’s main campus into a smart energy, low-carbon academic environment. Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7 to ensure access to reliable, sustainable and modern energy for all. In the past year, we have added SDG 9 to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. In our Sustainability Review, we outline our progress towards these goals in the past financial year. While maintaining our focus on upholding reliability and safety, we have charted new paths for the business with Strategy 2030, a 10-year roadmap to create a low carbon, smart energy Singapore and be a leading sustainable energy solutions player in the Asia-Pacific. TAGS SUSTAINABILITY YOU MIGHT BE INTERESTED TO READ SP Group’s Integrated Energy Solutions to Power Rangsit University’s Green Energy Transformation SP is partnering Rangsit University (RSU) in Thailand to transform RSU’s main campus into a smart energy, low-carbon academic environment. Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7 to ensure access to reliable, sustainable and modern energy for all. In the past year, we have added SDG 9 to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. In our Sustainability Review, we outline our progress towards these goals in the past financial year. While maintaining our focus on upholding reliability and safety, we have charted new paths for the business with Strategy 2030, a 10-year roadmap to create a low carbon, smart energy Singapore and be a leading sustainable energy solutions player in the Asia-Pacific. TAGS SUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-group-s-annual-sustainability-review-2022 SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s Annual Sustainability Review 2022 SUSTAINABILITY As a leading utilities group in Asia Pacific, SP Group empowers the future of energy with low-carbon, smart energy solutions for our customers. Sustainability is central to our mission and business objectives. Our Sustainability Review presents the various aspects of our sustainability strategies and performance, and highlights energy solutions that empower our customers to achieve their green ambitions. It also charts the progress towards our goals. In this third edition of our Sustainability Review, we incorporate the reporting recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). It reflects our commitment to accountability to stakeholders as well as our drive for continuous improvement in our performance towards climate action. We have also taken a step further to seek external assurance on our greenhouse gas emissions for FY2021/2022 according to ISO 14064-3:2019 standards to provide credibility to the data and demonstrate our alignment with international best practices. Read our Sustainability Review FY2021/2022 for more details. TAGS SUSTAINABILITY REVIEW YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 /search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 /search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=growing-greener Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/growing-greener-and-cooler-outdoors SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Growing Greener and Cooler Outdoors SUSTAINABILITY Photo: NDP 2018 Exco Powering Singapore’s birthday [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7 to ensure access to reliable, sustainable and modern energy for all. In the past year, we have added SDG 9 to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. In our Sustainability Review, we outline our progress towards these goals in the past financial year. While maintaining our focus on upholding reliability and safety, we have charted new paths for the business with Strategy 2030, a 10-year roadmap to create a low carbon, smart energy Singapore and be a leading sustainable energy solutions player in the Asia-Pacific. TAGS SUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 /search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 /search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Searchhttps://www.spgroup.com.sg/search?tag=growing-greener Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/growing-greener-and-cooler-outdoors SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Growing Greener and Cooler Outdoors SUSTAINABILITY Photo: NDP 2018 Exco Powering Singapore’s birthday [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 /search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 /search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Searchhttps://www.spgroup.com.sg/search?tag=growing-greener Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/growing-greener-and-cooler-outdoors SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Growing Greener and Cooler Outdoors SUSTAINABILITY Photo: NDP 2018 Exco Powering Singapore’s birthday [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7 to ensure access to reliable, sustainable and modern energy for all. In the past year, we have added SDG 9 to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. In our Sustainability Review, we outline our progress towards these goals in the past financial year. While maintaining our focus on upholding reliability and safety, we have charted new paths for the business with Strategy 2030, a 10-year roadmap to create a low carbon, smart energy Singapore and be a leading sustainable energy solutions player in the Asia-Pacific. TAGS SUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-group-s-annual-sustainability-review-2022 SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s Annual Sustainability Review 2022 SUSTAINABILITY As a leading utilities group in Asia Pacific, SP Group empowers the future of energy with low-carbon, smart energy solutions for our customers. Sustainability is central to our mission and business objectives. Our Sustainability Review presents the various aspects of our sustainability strategies and performance, and highlights energy solutions that empower our customers to achieve their green ambitions. It also charts the progress towards our goals. In this third edition of our Sustainability Review, we incorporate the reporting recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). It reflects our commitment to accountability to stakeholders as well as our drive for continuous improvement in our performance towards climate action. We have also taken a step further to seek external assurance on our greenhouse gas emissions for FY2021/2022 according to ISO 14064-3:2019 standards to provide credibility to the data and demonstrate our alignment with international best practices. Read our Sustainability Review FY2021/2022 for more details. TAGS SUSTAINABILITY REVIEW YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Category: Sustainability 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Expansion of SP’s district cooling network at Marina Bay SP’s district cooling network at Marina Bay will be expanded to include the developments of four customers – Marina View, Clifford Centre, OUE Bayfront and The Fullerton Heritage, which includes Fullerton Bay Hotel, Clifford Pier and Customs House, – increasing the network’s installed capacity to 75,000 refrigeration tonnes (RT) by 2027. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s Sabeco partners SP Group to install rooftop solar system across nine breweries in Vietnamhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sabeco-partners-SP-Group-to-install-rooftop-solar-system-across-nine-breweries-in-Vietnam . Singapore, 15 May 2023 – SP Group (SP), a utilities group and sustainable energy solutions provider in Singapore and the Asia Pacific, and Saigon Beer Alcohol Beverage Corporation (SABECO), Vietnam’s leading beer manufacturer and distributor, have signed a partnership to install 10.44 Megawatt-peak 1 2 3 4 5 ..... 39 Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Expansion of SP’s district cooling network at Marina Bay SP’s district cooling network at Marina Bay will be expanded to include the developments of four customers – Marina View, Clifford Centre, OUE Bayfront and The Fullerton Heritage, which includes Fullerton Bay Hotel, Clifford Pier and Customs House, – increasing the network’s installed capacity to 75,000 refrigeration tonnes (RT) by 2027. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7 to ensure access to reliable, sustainable and modern energy for all. In the past year, we have added SDG 9 to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. In our Sustainability Review, we outline our progress towards these goals in the past financial year. While maintaining our focus on upholding reliability and safety, we have charted new paths for the business with Strategy 2030, a 10-year roadmap to create a low carbon, smart energy Singapore and be a leading sustainable energy solutions player in the Asia-Pacific. TAGS SUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Expansion of SP’s district cooling network at Marina Bay SP’s district cooling network at Marina Bay will be expanded to include the developments of four customers – Marina View, Clifford Centre, OUE Bayfront and The Fullerton Heritage, which includes Fullerton Bay Hotel, Clifford Pier and Customs House, – increasing the network’s installed capacity to 75,000 refrigeration tonnes (RT) by 2027. Category: Sustainability Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-group-s-annual-sustainability-review-2022 SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s Annual Sustainability Review 2022 SUSTAINABILITY As a leading utilities group in Asia Pacific, SP Group empowers the future of energy with low-carbon, smart energy solutions for our customers. Sustainability is central to our mission and business objectives. Our Sustainability Review presents the various aspects of our sustainability strategies and performance, and highlights energy solutions that empower our customers to achieve their green ambitions. It also charts the progress towards our goals. In this third edition of our Sustainability Review, we incorporate the reporting recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). It reflects our commitment to accountability to stakeholders as well as our drive for continuous improvement in our performance towards climate action. We have also taken a step further to seek external assurance on our greenhouse gas emissions for FY2021/2022 according to ISO 14064-3:2019 standards to provide credibility to the data and demonstrate our alignment with international best practices. Read our Sustainability Review FY2021/2022 for more details. TAGS SUSTAINABILITY REVIEW YOU MIGHT BE INTERESTED TO READ Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Expansion of SP’s district cooling network at Marina Bay SP’s district cooling network at Marina Bay will be expanded to include the developments of four customers – Marina View, Clifford Centre, OUE Bayfront and The Fullerton Heritage, which includes Fullerton Bay Hotel, Clifford Pier and Customs House, – increasing the network’s installed capacity to 75,000 refrigeration tonnes (RT) by 2027. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable and efficient energy supply to customers. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7, which is to ensure access to reliable, sustainable and modern energy for all. To achieve this goal, we focus on strategic areas of network reliability, innovation and customer empowerment. We recognise the need to invest in innovative technologies and infrastructure. Beyond our own operations, we empower customers to make choices in their daily lives that contribute towards a greener energy future. Read our Sustainability Review FY2019/2020 for more details. — 27 July 2020 TAGS SUSTAINABILITY REVIEWSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore. SP’s first batch of agrivoltaic assets in Guangdong Province, China In China, we are helping customers sustainably maximise farm yields – solar and agriculture – as we invest in our first batch of agrivoltaic assets in Guangdong Province. Expansion of SP’s district cooling network at Marina Bay SP’s district cooling network at Marina Bay will be expanded to include the developments of four customers – Marina View, Clifford Centre, OUE Bayfront and The Fullerton Heritage, which includes Fullerton Bay Hotel, Clifford Pier and Customs House, – increasing the network’s installed capacity to 75,000 refrigeration tonnes (RT) by 2027. Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/investing-in-agrivoltaic-assets-in-china-a-first-for-sp-group SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Investing in agrivoltaic assets in China, a first for SP Group Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-C

SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s Annual Sustainability Review 2022 SUSTAINABILITY As a leading utilities group in Asia Pacific, SP Group empowers the future of energy with low-carbon, smart energy solutions for our customers. Sustainability is central to our mission and business objectives. Our Sustainability Review presents the various aspects of our sustainability strategies and performance, and highlights energy solutions that empower our customers to achieve their green ambitions. It also charts the progress towards our goals. In this third edition of our Sustainability Review, we incorporate the reporting recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). It reflects our commitment to accountability to stakeholders as well as our drive for continuous improvement in our performance towards climate action. We have also taken a step further to seek external assurance on our greenhouse gas emissions for FY2021/2022 according to ISO 14064-3:2019 standards to provide credibility to the data and demonstrate our alignment with international best practices. Read our Sustainability Review FY2021/2022 for more details. TAGS SUSTAINABILITY REVIEW YOU MIGHT BE INTERESTED TO READ SP Group’s Integrated Energy Solutions to Power Rangsit University’s Green Energy Transformation SP is partnering Rangsit University (RSU) in Thailand to transform RSU’s main campus into a smart energy, low-carbon academic environment. Empowering change Jerome Choong shares the extent of work behind the scenes that goes towards upholding Singapore’s electricity network reliability, while Jennifer Ong elaborates on SP’s expansion into overseas markets. Empowering Green Capabilities Satinderpal Singh and Fong Yi Kit deal with the polarising "hot" and "cold" elements at work, but share one thing in common: empowering organisations with tools to create a low carbon, smart energy Singapore.

Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/our-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Our Sustainability Review SUSTAINABILITY Sustainability is central to SP Group’s mission of providing reliable Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 ://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps Searchhttps://www.spgroup.com.sg/search?tag=sustainability Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 ://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=SDG7 Search Searchhttps://www.spgroup.com.sg/search?tag=sustainability-review Search Searchhttps Our Sustainability Commitmenthttps://www.spgroup.com.sg/about-us/our-sustainability-commitment/overview About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our SP-Group-Sustainability-Review-FY2021-2022.pdfhttps://www.spgroup.com.sg/dam/spgroupvn/About-Us/SP-Group-Sustainability-Review-FY2021-2022.pdf Sustainability Review FY2021/2022 Table of Contents About this report 3 Materiality 4 About SP Group 5 Our sustainable energy ecosystem 6 Our impact 7 Sustainability strategy 8 Alignment with the global goals 9 Financing sustainable energy solutions 9 Sustainability governance 10 Board’s role 10 Searchhttps://www.spgroup.com.sg/search?tag=integrated-energy-solutions Search Our Integrated EV Charging Solutionshttps://www.spgroup.com.sg/sustainable-energy-solutions/electric-vehicle-solutions/our-integrated-ev-charging-solutions OverviewSP MobilityFor DriversFor PartnersCharger Locations Our Integrated EV Charging Solutions Catalysing sustainable mobility SP Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed Searchhttps://www.spgroup.com.sg/search?tag=agrivoltaic ?tag=agrivoltaic Search Searchhttps://www.spgroup.com.sg/search Searchhttps://www.spgroup.com.sg/search?tag=china customers' sustainability goals. Following our first foray in China in 2015 SP Group invests in first batch of agrivoltaics assets in Chinahttps://www.spgroup.com.sg/about-us/media Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/sp-groups-annual-sustainability-review SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group’s annual sustainability review SUSTAINABILITY In empowering the future of energy, we deliver reliable and efficient utilities services and sustainable energy solutions to our customers. We anchor our sustainability strategy Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=growing-greener Search Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/growing-greener-and-cooler-outdoors SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Growing Greener and Cooler Outdoors SUSTAINABILITY Photo: NDP 2018 Exco Powering Singapore’s birthday SP Group launches complete suite of carbon solutions capabilities, leveraging new partnership with Turnkeyhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-launches-complete-suite-of-carbon-solutions-capabilities--leveraging-new-partnership-with-Turnkey and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment SP’s [20230314]+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/0d5de33a-0a1c-4a73-a0ef-289aad97c804/%5B20230314%5D+Media+Release+-+SP+Group+partners+Turnkey+to+offer+ESG+Reporting+Solution.pdf?MOD=AJPERES&CVID= group and sustainable energy solutions provider and Turnkey, a global ESG data solutions company, announced a partnership to offer ESG analytics, carbon accounting and climate advisory services to key countries in the region including Singapore, China, Vietnam and Thailand. These services will augment 1 2 3 4 5 ..... 39

About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Our Sustainability Commitment Our Sustainability Commitment Sustainability is central to our commitment to deliver low carbon, smart energy solutions for everyone. We anchor our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7 – to ensure access to reliable, sustainable, and modern energy for all and SDG 9 – to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. Find out more about SP Group’s sustainability initiatives and projects below. Find out more here Read here Past Sustainability Reviews Sustainability Review FY2021/2022 Sustainability Review FY2020/2021 Sustainability Review FY2019/2020

Sustainability Review FY2020/2021 Scope of review This is the annual sustainability review published by SP Group (SP) for the financial year 1 April 2020 to 31 March 2021 (“FY20/21”). The scope of this review covers SP’s Singapore-based operations. Sustainability Strategy SP’s mission is to deliver reliable and efficient utilities services to enhance the economy and the quality of life of our customers. This mission is rooted in our core values of commitment, integrity, passion and teamwork. In FY20/21, we maintained our focus on upholding reliability while we charted new paths for the business with Strategy 2030, a 10-year roadmap to create a low carbon, smart energy Singapore and become the leading sustainable energy solutions player in Asia Pacific. Sustainability is central to achieving our mission and business objectives in a responsible and committed manner. As a leading energy utilities company, we have anchored our sustainability strategy on the United Nation’s Sustainable Development Goal (SDG) 7 to ensure access to reliable, sustainable and modern energy for all. In the past year, we have added SDG 9 to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. With this, the specific targets that the Group aims to support are grouped under the two focus areas of Clean and Smart Energy and Reliable and Sustainable Infrastructure. Clean and Smart Energy: SDG 7.1 – Universal Access to Modern Energy (Energy access) SDG 7.2 – Increase Global Percentage of Renewable Energy (Renewable Energy) SDG 7.3 – Double the Improvement in Energy Efficiency (Energy Efficiency) Reliable and Sustainable Infrastructure: SDG 9.1 – Develop Sustainable, Resilient and Inclusive Infrastructures (Reliable Infrastructure) SDG 9.4 – Update all Industries and Infrastructure for Sustainability (Sustainable Infrastructure) 2 We have also identified three material topics that support our actions towards the achievement of the targets of SDG 7 and SDG 9: 1) Network Reliability, 2) Innovation and 3) Customer Empowerment. Mission: Deliver reliable and efficient utilities services to enhance the economy and the quality of life NETWORK RELIABILITY Core Values: Commitment, Integrity, Passion, Teamwork CUSTOMER EMPOWERMENT RENEWABLE ENERGY ENERGY ACCESS 7 AFFORDABLE AND CLEAN ENERGY ENERGY EFFICIENCY RELIABLE INFRASTRUCTURE 9 INDUSTRY, INNOVATION AND INFRASTRUCTURE SUSTAINABLE INFRASTRUCTURE INNOVATION Creating a sustainable future We aspire to be a leading utilities company in a sustainable future. To achieve this, we invest in innovative technology and infrastructure to ensure that we continue to deliver energy to customers safely and reliably amidst an evolving energy landscape. The following strategic thrusts form the pillars to our future: 1. Upholding our position as a reliable and efficient grid operator With the proliferation of distributed and intermittent energy sources, we continue to invest in innovative technologies to integrate renewables to maintain grid stability and reliability. 2. Providing Sustainable Energy Solutions To create a low carbon, smart energy Singapore, we extend our efforts beyond our own operations to empower both residential, commercial and industrial customers to make changes to their daily habits and operations, with the aim of creating a larger impact. Innovative solutions such as district cooling, centralised cooling system solutions in new HDB towns and promoting electromobility are key to achieving this goal. 3. Be a leading Sustainable Energy Solutions player in Asia Pacific Leveraging our strengths and experience to enable a sustainable energy future for customers in Singapore, we are bringing our solutions and experiences to overseas markets such as China and Vietnam to benefit more customers in the region. 3 Integrating sustainable financing To deepen the integration of our sustainability ambitions within our financing strategy, we have recently established a Green Financing Framework 1 that is benchmarked against relevant international principles and guidelines. Under the Framework, the Group and its subsidiaries will be able to issue green financing instruments to finance and/or refinance eligible green projects in four categories, namely: 1) clean transportation, 2) energy efficiency projects, 3) renewable energy and 4) green buildings. This allows investors and lenders to have greater visibility on the use of proceeds and the positive environmental impact of the Group’s investments in sustainable energy solutions and projects that are funded by green financing instruments. FY20/21 environmental performance SP is committed to reducing the environmental impact of our business operations. Since 2019, we have undertaken annual data collection exercise to calculate the greenhouse gas (GHG) emissions from our business activities following the principles in the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (revised edition) and GHG Protocol Scope 2 Guidance. Absolute, tonnesCO 2 e Intensity, kgCO 2 e/MWh sold Emissions FY19/20 FY20/21 FY19/20 FY20/21 Scope 1 25,966 21,098 0.54 0.45 Scope 2 375,987 2 383,846 7.83 8.17 The bulk of SP’s GHG emissions in Scope 2 resulted from the dissipated energy emissions from technical losses from the transmission system and distribution network in Singapore. While this emission is relatively stable and inherent in the operations of the network, SP Group is committed to identify opportunities to reduce the emissions from other key business activities. In the coming years, we will explore new technologies to help us develop our decarbonisation roadmap to reduce our emissions to meet our carbon reduction target. This roadmap will also include an identification of the climate-related risks and opportunities to help us plan for more sustainable and resilient operations into the future. With the launch of My Green Credits TM on the SP Utilities app, SP has pledged to cover 100 per cent of the electricity consumption at our Singapore headquarters with Renewable Energy Certificates (RECs) from October 2020 onwards. These actions are in support of the “30-30-30” target that was set to add at least 30 per cent value to our customers and reduce our carbon footprint by 30 per cent, by 2030. With FY18/19 as the baseline year where 1 SP’s Green Financing Framework can be accessed here: https://spgrp.sg/SPGreenFinancingFramework 2 Data restated after internal review 4 applicable, selected performance indicators are measured and tracked in relation to our material topics of network reliability, innovation and customer empowerment. In FY20/21, our System Average Interruption Duration Index (SAIDI) performance for electricity network recorded an all-time best of 0.15 minute, an improvement from 0.56 minute in the previous year. Commonly used as a reliability indicator by electricity companies, SAIDI measures the average outage duration experienced by each customer served. Our improvement reflects the continuous efforts we have put in place to ensure our customers are provided with reliable electricity supply. We have also facilitated the switch for 49 per cent of residential customers and 47 per cent of small business customers in the Open Electricity Market, enabling them to enjoy savings of 20 to 30 per cent off the regulated tariff. Customers also have the option of a non-standard price plan to buy electricity from the wholesale electricity market. SP’s low carbon initiatives such as district cooling, solar and electromobility have enabled customers to avoid more than 28,000 tonnesCO 2 e in FY20/21, equivalent to planting almost 1.4 million rain trees 3 or taking more than 6,000 cars off the road for a year 4 . Measuring this progress against the target of helping customers reduce their carbon footprint, these initiatives have achieved 18 per cent increase in the CO2 avoided since the baseline year of 2018. There was a slight reduction as compared to the previous year's reduction of 19 per cent due to a decrease in demand of the various sustainable energy solutions amidst the Covid-19 situation in Singapore last year. 3 One mature rain tree absorbs 0.0201 tonnesCO 2 a year - data from My Carbon Footprint study by South Pole 4 From US EPA Greenhouse Gas Equivalencies Calculator 5 Contributing to SDG 7 and 9 targets SDG Target by 2030 Material topic Our key contributions 7.1 Energy access Ensure universal access to affordable, reliable and modern energy services. Innovation Customer Empowerment • Increasing electric vehicle charging stations • Enabling access to the Open Electricity Market by empowering customers with options for electricity packages and to enjoy savings 7.2 Renewable energy Increase substantially the share of renewable energy in the global energy mix. Innovation • Deploying solar PV projects • Testing green hydrogen • Issuing and trading of Renewable Energy Certificates Customer Empowerment • Launch of My Green Credits TM on the SP Utilities app to enable households to match their electricity consumption with an equivalent amount of green energy produced 7.3 Energy efficiency Double the global rate of improvement in energy efficiency. Innovation Customer Empowerment • Deploying energy saving solutions like GET TM TenantCare • Deploying smart technology and SP Utilities app to access half-hourly electricity usage • Spreading environmental awareness through Eco-Boards, GreenUP and My Carbon Footprint • Deploying smart technologies for Tengah smart energy town 9.1 Reliable infrastructure Develop quality, reliable, sustainable, and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all. Network Reliability • Investing in network infrastructure upgrades • Deploying smart grid technologies • Developing Asset Health Digital Twin to monitor equipment health • Constructing the first large-scale underground substation in Southeast Asia to optimise space in land-scarce Singapore Innovation • Deploying district cooling and energy saving solutions • Developing urban micro-grid 9.4 Sustainable infrastructure Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities. Network Reliability • Capacity upgrade for the Interconnector between Singapore and Peninsular Malaysia to support a regional grid energy import pilot • Recommissioning of Toh Tuck Gasholder • Developing Distributed Energy Resources Management System (DERMS) to enable the effective integration of renewables • Developing utility-scale energy storage system 6 Network Reliability Why this is material SP serves a large customer base of 1.6 million customers in Singapore, with a rising expectation of uninterrupted power and a high-quality maintenance framework. We invest in capabilities to uphold reliable, efficient power supply to households and businesses. Network reliability is mission critical to SP as we strive to deliver excellence in our service provision and operations and align to the identified targets under SDG 9. Management Approach Network maintenance Despite Singapore having one of the best electricity and gas network systems in the world, supply interruption is inevitable and may occur due to various reasons including network failure, damage by third parties, faulty equipment at customer sites or issues with the source of the supply. Operations run 24/7 at SP’s distribution control centre, the nerve centre of Singapore’s power grid to ensure supply reliability. Electricity network To minimise the possibility of supply interruption, SP follows a systematic regime of maintenance, timely replacement of ageing equipment and close monitoring of equipment performance. For example, our Asset Sensing and Analytics team monitors and checks the health of our network around the clock. Any anomalies detected will trigger a response for the team to carry out rectification works to ensure the continued well-being of the equipment. Our specialists keep a close eye on about 11,800 substations and over 28,000km of cables in the grid. They conduct regular health screening of all electrical assets on the network and recommend deeper investigations or treatment when necessary. 7 To enhance speed and accuracy in predicting anomalies, we have implemented online asset sensing and analysis for newly installed 230kV and 400kV cable joints, and for all 400kV, 230kV and new 66kV switchgears. We are in the process of doing the same for critical 22kV substation’s switchgear which will be completed by 2022. We also carry out physical monitoring every three to six months. This measures the electrical and acoustic signal and temperature of the equipment when the condition checks are being conducted. If a power failure occurs, we take four remediation actions to minimise the impact and downtime. 1. Remote switching When a power fault is detected, this first course of action disconnects the affected equipment from the network and reconnects it to an alternative supply source. Since 2019, we have implemented remote switching capabilities for all 6.6kV distribution networks substations, allowing for quicker restoration should a supply interruption occur. 2. Manual switching This is conducted when remote switching is unable to restore power supply. Power faults in low-voltage networks, such as damage to over ground boxes that are used to transmit electricity to customers, are usually resolved through manual switching. 3. Mobile generators These generators are immediately deployed when power faults are reported and are used to provide temporary electricity supply while the network issues are being resolved. 4. Cable jointing This is conducted when switching is unable to resolve the power fault and the mobile generators cannot access the substation where the fault has occurred. Gas network SP owns and operates the gas network that supplies gas to industrial, commercial and residential customers. The high pressure gas transmission system transports the main fuel source for Singapore’s power generation plants. An asset life cycle approach to asset management is adopted to manage risk and ensure that the gas network is developed, maintained and operated in a safe and reliable manner. The gas network is monitored round the clock in a system control centre. A supervisory control and data acquisition (SCADA) system is deployed on the transmission system to avail remote monitoring and operations capability, which enables us to respond immediately to incidents. When incidents occur, response is centrally managed to ensure that performance recovery is quick and directed, thus minimising disruption to customers. A key component we monitor closely is the network pressure. This is done by deploying pressure sensors across the entire transmission network. SP’s gas network operations team monitors the pressure readings to ensure that the network pressure at different nodes is maintained within an optimal range. To enhance the remote monitoring capability and productivity, we have developed a prototype machine learning solution based on Deep Learning autoencoders that can learn from a vast amount of historical data of transmission 8 pressure readings to detect deviations from the expected pressure levels and alert the operations team of any anomaly in the gas network. Regular inspections and maintenance are also conducted on our assets to maintain reliability. An asset renewal programme tracks asset performance and replaces deteriorating assets efficiently. Patrol and leak survey of the pipelines are conducted to detect third party activities and gas leaks respectively. Dedicated planning of assets, selection of materials, project management and strict testing requirements are conducted to maintain the integrity of the gas network. This enables us to uphold reliable and safe supply of gas to customers. Conducting regular checks to ensure optimal gas supply pressure for customers. International collaboration In ensuring a more secure, accessible and sustainable energy future, SP is an active member of several international and regional working groups to benchmark and share best practices on grid operations. As part of the International Utility Working Group, SP is one of the utilities companies in the 10 member countries that meet annually to address topics on grid reliability and security, integrating clean energy sources and meeting the digital needs of customers. Regionally, SP represents Singapore at the meetings of the Heads of ASEAN Power Utilities/Authorities (HAPUA). HAPUA’s key objectives include strengthening regional energy security through interconnection development and enhancing the quality and reliability of electricity supply system. SP is the Chair of the Working Group #3 that focuses on Distribution, Power Reliability and Quality. Initiatives Reliable Infrastructure – SDG 9.1 Investing in network infrastructure upgrades Planning and investing in network infrastructure upgrades are key to ensuring customers have reliable and safe access to electricity and gas. We have a long-term asset renewal strategy – based on the performance, condition and age of our equipment – to ensure that our electricity network remains resilient. As part of our accelerated gas mains renewal programme, we have replaced aging ductile iron pipelines with more durable polyethylene pipes. This significantly reduces the risk of gas leaks and improves gas safety. 9 To secure reliable and efficient electricity supply for Singapore in the longer term, we have built cross-island underground transmission cable tunnels. Besides enabling us to better plan for future network requirements, we can install, repair and replace aging assets efficiently, without digging up the roads, which may inconvenience the public. This ensures that Singapore continues to be equipped with optimal electricity supply infrastructure and maintains its position as having one of the best performing electricity networks in the world. Smart Grid Index We have developed the world’s first Smart Grid Index (SGI) to help utilities measure and advance in key dimensions of smart grid development. The SGI, which has received strong endorsement from industry experts and stakeholders, measures the smartness of power grids globally in seven key dimensions: 1) supply reliability; 2) monitoring and control; 3) data analytics; 4) integration of Distributed Energy Resources (DER); 5) green energy; 6) security, and 7) customer empowerment and satisfaction. The SGI allows utilities to understand their strengths and areas they can improve in. Today, the SGI measures and benchmarks grid smartness across 85 utilities from 37 countries/markets. In 2020, utilities in Asia Pacific nations made significant improvements in the rankings with an overall improvement by more than five percentage points from the score in 2019. Globally, there is increasing focus on data analytics, with an average of more than 11 percentage points growth. For further details on the benchmarking scores, please refer to https://www.spgroup.com.sg/sp-powergrid/overview/smart-grid-index In 2020, SP Group improved by almost 9 percentage points from the 2019 score, mainly in the areas of supply reliability and customer empowerment and satisfaction. This was due to its efforts to ensure near-zero downtime in network reliability, provide half-hourly electricity usage with smart meters and achieving higher customer satisfaction scores. Asset Health Digital Twin Harnessing the power of digitalisation, we are applying concepts of digital twin, using digital representation of physical assets to optimise maintenance and renewal, and enhance the reliability of our electricity network. This progressive development aims to put information about asset health and alerts at the fingertips of our officers, enabling them to respond swiftly according to asset conditions. This will strengthen our capabilities in failure prevention and enhance the reliability of the electricity network for our customers. Construction of large-scale underground substation The Group announced in early 2021 the construction of Southeast Asia’s first large-scale underground electrical substation in Labrador, to develop sustainable infrastructure and optimise space in land-scarce Singapore. As part of the Urban Redevelopment Authority’s underground Master Plan 2019, the 230kV Labrador underground substation is scheduled to be completed in 2024. It occupies a land-size of three-hectares, about the area of four football fields. To ensure maximum land optimisation, the land above it will be used for a 34-storey commercial development. 10 The underground substation at Labrador will be integrated with a 34-storey commercial building, as a part of the larger Greater Southern Waterfront. Building a substation underground would be more resource-intensive and require specialised engineering capabilities as compared to the usual above-ground substations. However, the long-term benefits of building substations underground outweigh the costs. In addition to optimising land resources for other purposes, underground substations have a lower risk of being exposed and damaged. This will enhance asset and network security. Sustainable Infrastructure - SDG 9.4 Interconnector between Singapore and Malaysia With the regional power grid identified as one of the ‘Four Switches” in the Singapore Energy Story for the next 50 years, SP is actively supporting the upgrade of infrastructure to tap on regional power grids for cleaner energy resources and further diversify Singapore’s energy supply. We have upgraded the previous two 250 megavolt amperes (MVA) interconnector undersea cables between Singapore and Peninsular Malaysia to a capacity of two 550 MVA in August 2020. With this upgrade, 100 megawatt (MW) of the Interconnector capacity could be set aside for the two-year trial import of electricity from Malaysia as announced in early 2021. Recommissioning of Toh Tuck Gasholder The Toh Tuck Gasholder is critical in managing the town gas supply pressure to consumers during peak hours. We have spent 24 months to enhance the gasholder and successfully recommissioned the gasholder in January 2021. The gasholder will contribute to gas pressure stability as well as cater for future demand. DERMS to enable effective integration of renewables To cater to potential demand for renewable energy sources and maintain reliability in a distributed energy landscape, we have piloted the Distributed Energy Resources Management System (DERMS) to manage the influx of solar photovoltaic, energy storage systems and electric vehicles connected to our electricity network. Through real-time monitoring and smart control capabilities, integration of these distributed energy resources can be optimised while ensuring the reliability of our electricity network. 11 Energy storage systems Energy Storage System (ESS) can be the key to managing intermittency from solar energy and other network applications. ESS provides quick response when solar installations are affected by cloud cover to reduce solar intermittency. In collaboration with the Energy Market Authority of Singapore and industry partners, we have led the deployment of the first-ever utility-scale ESS at a substation in Woodlands. Designed for local conditions, this will enable us to incorporate more renewables and other sustainable energy solutions into our electricity grid. Performance There are two key indicators that our industry measures when assessing performance on network reliability: 1) SAIDI, a system index of average duration of interruption in the power supply indicated in minutes per customers, and 2) System Average Interruption Frequency Index (SAIFI), a system index of average frequency of interruptions in the power supply. In FY2020/2021, our SAIDI for the electricity network improved by over 73 per cent. FY18/19 FY19/20 FY20/21 Electricity SAIDI (min) SAIFI 0.87 0.0307 0.56 0.0366 0.15 0.0073 Gas SAIDI (min) SAIFI 0.0932 0.0014 0.2637 0.0019 0.4223 0.0024 To ensure minimal service disruption to our gas network, we have been actively replacing aging ductile iron pipelines with more durable polyethylene pipes to improve our gas SAIFI and SAIDI performance. Future outlook To meet our “30-30-30” target to add at least 30 per cent value to our customers and reduce our carbon footprint by 30 per cent by 2030 and uphold supply reliability, we actively invest in infrastructure, technology and engineering capabilities. We continually look for innovative and cost-effective ways to do our work faster, better and more safely, and empower our staff with the knowledge they need to increase productivity and bring value to our customers and stakeholders. 12 Innovation Why this is material Singapore has pledged to reduce its Emissions Intensity by 36 per cent from 2005 levels by 2030. It has committed to enhance its nationally determined contribution (NDC) to the absolute peak emissions level of 65 million tonnes of carbon dioxide equivalent around 2030. By 2050, Singapore aims to halve the amount of emissions it produces from its 2030 peak, with the view to achieving net-zero emissions as soon as viable in the second half of the century. In putting the targets into action, the Government has announced the Singapore Green Plan 2030, a whole-of-nation movement, to advance Singapore’s national agenda on sustainable development. Innovation and new technologies are central to facilitating this transition. SP can be a key facilitator and enabler for this change. Our investments in climate friendly innovations will not only power a greener tomorrow for our business, but also benefit the entire ecosystem, including organisations and individuals trying to reduce their own footprint. Management Approach To keep at the forefront of new technologies, we tap on the global innovation ecosystem for exposure, test new solutions and build new capabilities to deliver value-added solutions to our customers. Involvement in Innovation Ecosystem We have been actively engaged in the global innovation ecosystem through initiatives such as the Free Electrons Global Energy Startup Programme. In partnership with eight other global utilities, SP invites promising energy-related start-ups to apply for the programme which runs annually. Into its fifth edition in 2021, Free Electrons has provided numerous opportunities for pilot projects, commercial deployments, investments, learning opportunities, and deals to date exceeding US$50 million. The Group invests in venture capital funds globally to access the innovation ecosystems and keep abreast of market and technology developments. Our venture capital funds provide SP with deal flow access to start-ups globally including Asia, USA and Europe. Through the innovation ecosystem, SP has been actively identifying relevant and promising technologies to run pilots. This approach allows us to trial and validate new technologies to build new capabilities in developing innovative solutions. Research and Development SP Group-NTU Joint Lab SP has embarked on S$30 million in research and education initiatives with Nanyang Technological University (NTU), Singapore, to enhance the resilience of Singapore’s electricity network, improve the reliability and efficiency 13 of supply to customers, and nurture experts for the energy sector. Under this collaboration, the SP Group-NTU Joint Lab is exploring energy-related projects in the areas of asset management and network operations. Located on the NTU Smart Campus, the joint lab will house 60 researchers, 85 undergraduates and postgraduate students, and serve as a training platform for SP’s engineers. The lab will conduct studies on equipment components and materials to gauge the equipment’s degradation and lifespan. This helps to optimise equipment maintenance and replacement and achieve network reliability in a cost and operationally effective manner. Researchers from SP and NTU will design and develop a unique scalable system – one of the first in the world – that can detect and pre-empt equipment fault by sensing electrical and sound anomalies within power distribution substations. The research will leverage Artificial Intelligence (AI) and machine learning to conduct comprehensive real-time monitoring and perform trend analysis to predict future network problems before they appear. Vehicle-to-Grid Technology To boost Singapore’s electric mobility capabilities, enabling its energy system to integrate more renewable energy, we are also exploring smart charging (V1G) and vehicle-to grid (V2G) feasibility in Singapore through a strategic investment in The Mobility House AG (TMH). Operating from Munich, Zurich and Belmont (California), TMH is a technology company that provides a software capable of integrating open charging stations through non-proprietary communication protocol. With its hardware-agnostic Charging and Energy Management system, ChargePilot, TMH created the basis for a uni- and bi-directional integration of EVs into the power grid. The collaboration between SP and TMH leads the way for V2G as an integral solution towards transport electrification, paving the way for a zero-emission future. With the Singapore government’s target to increase solar penetration to reach 2 GigaWattpeak (GWp) by 2030, integrating V2G technology into the national grid can be the key to managing the intermittency of renewables while maintaining grid stability and reliability. Initiatives Energy Access – SDG 7.1 Electric Vehicle (EV) Charging The switch to low-carbon EVs is seen as an increasingly viable route for the decarbonisation of the transportation sector globally. With our geographic size, economic landscape and existing infrastructure, Singapore is well placed to adopt green mobility, with SP driving this change. Over the past three years, SP has been partnering organisations to set up EV charging stations across the island, to support the nation’s target to build 60,000 electric vehicle charging points by 2030. As of end March 2021, the high-speed EV charging network increased to 340 points across 71 locations in Singapore. 14 EV drivers can locate our charging points – the largest public network in Singapore - easily via the SP Utilities app. Through the app, users can start and stop charging, and pay for the electricity used. Working with Chevron Singapore Pte. Ltd., which markets the Caltex TM brand, SP will be offering fast EV charging at selected Caltex service stations to provide on-the-go convenience to electric vehicle motorists. Identified Caltex service stations will be equipped with 50kW direct current (DC) fast chargers that can charge up an EV in as short as 30 minutes, versus a few hours required by the more commonly available alternating current (AC) chargers. One of the stations will have two 50kW SP's direct current (DC) fast charging points for electric vehicles (EVs). DC charging points that are designed to allow a compatible car to charge up to a speed of 100kW, provided only one car is utilising the charging points. The chargers will be installed by the second quarter of 2021 and will be incorporated on the SP Utilities app for ease of use. SP supports the development of electromobility in Singapore in line with the Government’s announcement to have all vehicles run on cleaner energy by 2040. In order to promote electromobility, SP has been collaborating with Goldbell and SMRT subsidiary Strides Transportation to extend our charging points to their customers. Assisting customers in their conversion to EVs is instrumental to wide scale adoption in Singapore. Renewable Energy – SDG 7.2 Solar PV SP is looking at ways to harness and deploy energy efficiently. The Group has installed solar photovoltaic (PV) panels at our headquarters and district offices and developed storage systems. This has enabled us to work with partners in the community and industrial customers to achieve similar sustainable outcomes. The Integrated Energy Solutions (IES) system includes features like the energy storage capabilities, energy sensors and a real-time digital platform to monitor, analyse and optimise energy usage. One such digital energy solution was developed at Sembcorp Marine’s Tuas Boulevard Yard’s steel fabrication facility to lower its carbon footprint. SP installed 4.5 MegaWattpeak (MWp) solar panels at the facility to provide up to 30 per cent of electricity consumed during peak load. 15 Renewable Energy Certificates (RECs) Platform SP has a one-stop digital Renewable Energy Certificates (REC) platform, the first such blockchain-powered CONVENIENCE marketplace in the world. This removes trading barriers, enabling both big and small customers to achieve their green targets seamlessly and securely. SP’s platform is also accredited by the International REC Standard Foundation as the first authorised local issuer of I-RECs in the Asia Pacific. This provides customers greater assurance of the CROSS BORDER SP REC Platform SAVINGS integrity of each I-REC issued in Singapore. EMPOWERMENT In early 2021, SP was presented with the inaugural Renewable Energy Markets TM Asia Award for smart energy solutions that expand clean energy access in Asia. SECURITY Energy efficiency – SDG 7.3 Smart Building Solutions SP actively explores new technologies to support the energy needs of buildings and districts. Our Green Energy Tech (GET TM ) is a suite of solutions that integrates different building systems and diverse data sources to create a seamless, sustainable energy management experience for our customers. Powered by EnergyTech, the Internet of things (IoT) and AI, GET TM enables building owners and facility managers to make smarter decisions that improve building performance, sustainability and occupant well-being. GET TM Control GET TM TenantCare Self-learning building intelligence that utilises AI and IoT to optimise and regulate air conditioning and maximise energy efficiency based on changes in occupancy and ambient weather conditions. This solution has been deployed at DBS Asia Hub at Changi Business Park since February 2020. Smart and automated tenant submetering solution that enables landlords and owners of offices, malls and campuses to efficiently manage utilities consumption in both tenant and common spaces. This project has been deployed at Changi Airport, HDB Connection One and the Nanyang Technological University Reliable Infrastructure - SDG 9.1 District Cooling and Energy Saving Solutions SP continues to operate the world’s largest underground district cooling system, located at Marina Bay. Here, chillers centrally produce chilled water during off-peak periods, store the chilled water using a thermal energy storage system, and supply the chilled water for air conditioning use at the buildings in the district. If renewable 16 energy that is used to power the chillers suddenly fluctuates, the lithium ion battery will immediately discharge energy to balance the supply, hence overcoming the challenge of inconsistent renewable energy in a cost-effective way. The system serves more than 20 developments in Marina Bay and is 40 per cent more efficient than conventional chillers. Urban Micro-Grid SP is working with Singapore Institute of Technology (SIT) to build Singapore’s first multi-energy urban micro-grid at the university’s campus in Punggol Digital District, with a long-term target to achieve zero-emission and ability to operate independently from the national grid in times of emergency. The micro-grid, specially designed for Singapore’s tropical climate, will integrate gas, electricity and thermal energy into a unified smart energy network through multiple phases of execution. It will enable SIT to tap green energy sources such as solar electricity, solar thermal and deploy energy storage technologies, micro-grid controller, smart metering and energy digital management system to optimise energy and reduce carbon emissions. Once achieved, the research and work done on the system can help SIT save energy and eliminate carbon emissions which is equivalent to removing close to 2,000 vehicles off the roads. As a distributed energy system, the micro-grid is designed to have the function to operate independently from the national grid in times of emergency. Insights from the research collaboration in the SIT@Punggol campus will help to develop innovative solutions to enable a more reliable and efficient energy system to meet Singapore’s future needs where customers can save energy and cost while enjoying a high quality, sustainable lifestyle. The collaboration will also facilitate future research and development in smart energy networks and will provide SIT students a platform to gain first-hand experience in honing engineering skills and expertise in micro-grids. The Group plans to work with SIT@Punggol to extend the research work in subsequent phases to study and develop more energy savings solution for campus applications. Performance SP’s low carbon initiatives have enabled our customers to avoid more than 28,000 tonnesCO 2 in FY20/21, equivalent to planting almost 1.4 million rain trees 5 or taking more than 6,000 cars off the road for a year 6 . Measuring this progress against the target of helping our customers reduce their carbon footprint, these initiatives have achieved 18 per cent increase in the CO2 avoided since the baseline year of 2018. Solar Panels – Renewable Energy For our customers, a total of 4.5 MWp of solar panels were installed as of end March 2021. Based on an average estimated generation yield in Singapore, the panels have helped the customers avoided more than 2,000 tonnesCO 2 e, equivalent to planting more than 100,000 rain trees or taking more than 450 vehicles off the road. 5 One mature rain tree absorbs 0.0201 tonnesCO 2 a year - data from My Carbon Footprint study by South Pole 6 From US EPA Greenhouse Gas Equivalencies Calculator 17 Across our premises, we have installed almost 1 MWp of solar panels to access renewable energy. Collectively, they have helped us to avoid close to 200 tonnesCO 2 e in FY20/21. District Cooling – Energy Efficiency 2020 was a pandemic year that saw a decrease in the electricity demand in the office buildings in Marina Bay area due to increased work-from-home arrangements. This resulted in the reduction of the carbon emissions avoidance as compared to the baseline year of 2018. However, the chillers within the district cooling plant were working more efficiently than previous years, with the efficiency factor improving by about two per cent since the baseline year. This reduces the electricity required to cool one refrigerant ton. Besides energy savings, the carbon emissions avoidance amounted to more than 20,000 tonnesCO 2 e, equivalent to planting more than 1 million rain trees and taking more than 4,500 cars off the road in FY20/21. Electric Vehicles – Clean Transportation With the 340 charging points across 71 locations in Singapore as of end March 2021, up from 200 points in 2019. Compared to the carbon emissions from a typical internal combustion engine vehicle, the electricity sold from the charging points helped EV customers avoid an estimated amount of more than 900 tonnesCO 2 e, increasing more than 23-fold compared to our baseline year of 2018. Internally, we have gradually converted our fleet of service vehicles from diesel engines to electric. As of March 2021, we have converted around 17 per cent of them to EVs, avoiding an estimated total of more than 75 tonnesCO 2 e since we started with the conversion. Future outlook We will continue our active investment in innovative technology to bring about greater grid reliability and more sustainable energy solutions to our customers. In line with our strategic focus towards 2030, we are leveraging our experience in Singapore to extend our low carbon, smart energy solutions to targeted countries in Asia Pacific for a more sustainable world. We have secured our second district cooling project at Guangzhou Knowledge City and have acquired a 40 per cent stake in Sino-French Energy Services Co. Ltd in Chongqing. In addition, we have signed MOUs with State Grid Shanghai and State Grid Chongqing to bring sustainable energy solutions to these cities. Recently, we have signed a joint venture agreement with Jinko Power to acquire and invest in renewable assets and develop integrated energy solutions in China. 18 Customer Empowerment Why this is material The transition towards a clean energy economy will largely be driven by end-user consumption. Given that SP provides electricity and gas transmission and distribution services to customers in Singapore, customer education and empowerment will support Singapore’s target to transition to a low-carbon future. Beyond this, education and empowerment of customers can result in energy and cost savings for our customers. Management Approach Our initiatives for the community and our customers are aligned with our mission – to improve quality of life and create sustainable solutions for the community, today and for future generations. Volunteerism is an integral part of the SP’s DNA. Our staff volunteers, known as SP Heart Workers, drive outreach activities for the vulnerable and underserved throughout the year. The SP Heartware Fund (the Fund), established in 2005, supports services for vulnerable seniors, in partnership with Community Chest. These include befriending, rehabilitation, counselling and caregiver support. SP underwrites all fund-raising and operational costs of the Fund and programmes, so that all donations will go fully to the social service organisations supported by the Fund. In partnership with Temasek, SP has contributed towards various initiatives to protect and keep Singapore safe during the COVID-19 pandemic last year. We were part of Temasek Foundation initiatives to provide free hand sanitiser and reusable face masks to all residents in Singapore. Our SP Heart Workers helped with distribution at a collection centre and our call centre managed these projects' public phone hotline. Empowerment through Technology To provide greater convenience to our customer base, we have embarked on a digital transformation journey. This has resulted in digital products that power internal business units and energy tech products that are available to our customers. With energy tech as a tool to drive sustainability, the primary goals are to 1) inform, 2) enable and 3) add value. 1) Inform – The aim is to educate and empower our customers by providing data, information and recommendations to help them make good decisions. 2) Enable – Our aim here is to provide our customers with the ability to carry out their decisions. This is done through selected methods such as allowing customers to take direct control over the settings of their SP products, using data and AI to provide recommendations and advices and using automation to provide faster, more accurate responses. 3) Add Value – We aim to provide economic value to our customers, in order to push our sustainability agenda. 19 Initiatives Energy Access – SDG 7.1 Open Electricity Market In supporting the Open Electricity Market where customers can choose to buy electricity from retailers, SP helps customers make the switch which can enable them to save between 20 to 30 per cent off the regulated tariff. To demonstrate our commitment, SP has rolled out a price comparison feature on the SP Utilities app, whereby customers can see all the various price plans at a glance. This makes it easier for customers to select price plans that best suit their consumption needs. Renewable energy – SDG 7.2 My Green Credits TM Expanding from SP’s experience in the management of its REC platform, a new feature, My Green Credits TM , was launched in October 2020 to provide everyone in Singapore with easy access to renewable energy. This feature aims to make it affordable and convenient for anyone in Singapore to match their electricity consumption with an equivalent amount of green energy produced by purchasing RECs in the form of “green credits”. Usually available in multiples of megawatt-hour (MWh), the RECs available for purchase from local and overseas projects on My Green Credits TM are broken down into kilowatt-hours (kWh) which makes them become more accessible to residential customers and individuals and offers the choice to “green” any amount from zero to 100 per cent of monthly electricity consumption. The purchase of these certificates drives the growth of renewable energy and allows customers to play their part in creating a low carbon, smart energy Singapore. Step 1: Click on My Green Credits TM on the SP Utilities App. Step 2: Select the preferred green project to support and the percentage of eletricity consumption to “green”. Step 3: Select payment method and complete the purchase. A unique Renewable Energy Certificate will be generated, stating the amount of carbon dioxide emissions you have avoided. Customer journey on My Green Credits TM for anyone who wishes to "green" their electricity consumption 20 Energy efficiency – SDG 7.3 Smart Technology SP is increasingly shifting its focus to use data science and AI to deliver efficient energy solutions to our customers. We refer to this as an “Energy Brain”. This Energy Brain uses intelligence gathered from a large volume of consumption data from both residential homes and business to provide our customers with data-driven solutions. 7 Beyond this, we are increasing our customer empowerment by installing smart electricity meters at all households, allowing residents to access their half-hourly electricity usage through our SP Utilities app. These advanced meters allow residents to gain a better picture of their consumption patterns, enabling them to implement reduction and efficiency measures in a meaningful manner. Environmental Awareness In March 2020, SP launched the enhanced Carbon Footprint calculator, called My Carbon Footprint. It enables everyone in Singapore to be more aware of the environmental impact of their daily actions. First launched in December 2019, the initial version allows users to view their carbon emissions resulting from their electricity consumption. The calculator that is available on the SP Utilities app allows everyone in Singapore to measure their environmental impact from their daily lifestyle choices according to their household profile, mode and duration of commute, frequency of holiday travel, spending habits and food consumption. To make it more accessible for users on laptops and tablets to access My Carbon Footprint, we have also designed and launched the web-based version of the calculator in August 2020. Similar to the app version, this web version allows users to easily calculate the size of their carbon footprint by answering a few simple questions. This is especially useful when used in a classroom setting for students to gain access to the calculator without having the need to download the SP Utilities app and registering for an account. As of end March 2021, across both platforms, we have completed almost 60,000 carbon footprint calculations for the users. SP has launched initiatives that allow customers to adopt a more sustainable lifestyle through their daily actions. GreenUP, found on the SP Utilities app, aims to educate and empower our customer base on the message of sustainability in a fun and interactive way. To date, users have completed over 2.9 million activities cumulatively since launch in September 2019. In 2020, we worked with more than 30 like-minded partners who came onboard the GreenUP sustainability programme to build various challenges to help the app users and the partners’ customers to start practising green habits like forgoing disposable cutlery when ordering food or bringing their own cups when buying coffee. 7 https://www.poweringthenation.sg/innovation/Data-science-and-AI-deliver-efficient-energy-solutions-to-customers 21 Tengah will be Singapore’s model of a digitally inter-connected smart energy town. Spotlight: Tengah – Singapore’s eco-friendly smart energy town Tengah, HDB’s 24th public housing estate is set to be the model showcase of a digitally inter-connected smart energy town where eco-innovations are deployed across HDB blocks and commercial and community facilities, to bring magnified benefits to residents and town operators. With the Singapore government’s plan to make every HDB estate an eco-town by 2030, SP aims to play a central role in enabling everyone to make conscious decisions to lower their carbon footprint and integrate sustainability into the everyday lives of Singaporeans. Centralised Cooling System Powered By The Sun At Tengah, residents can opt for central cooling or stick to conventional air conditioning. Centralised cooling is a smart, eco-friendly cooling technology that replaces inefficient conventional cooling methods. Modular chiller plants placed on top of the HDB roof tops will supply chilled water direct from the riser to the fan coil unit in the homes, replacing the need for the installation of condensers. With the usage of centralised cooling, Tengah can be 30 to 40 per cent more energy efficient than similar estates in Singapore. This is estimated to result in at least energy savings of 30GWh per year, which could power 6,300 four-room flats annually and remove 800,000m 3 of carbon from the air or equivalent to about having 400,000 cars off the road annually. To maximise the limited space available in Tengah, SP is deploying both conventional and vertical solar panels (known as building-integrated photovoltaics, BIPV). Tengah will likely have the largest aggregated installation of BIPV in Singapore when fully developed. 22 Sustainable Lifestyle App Residents will be able to live an eco-friendly and hassle-free lifestyle by using the MyTengah app. They will be able to understand their household utilities consumption, intelligently control their Centralised Cooling usage, browse and purchase energy efficient appliances, and many more. Convenient EV Charging Electric vehicle drivers will be well served by parking facilities all across Tengah having their parking lots equipped with EV charging points from SP. Drivers will be able to find stations, charge, and pay conveniently using the SP Utilties app. By 2030, 10 per cent of all parking lots in Tengah will be equipped with EV charging stations contributing towards the national goal of 60,000 EV charging points. Sustainability Displays Eco-Boards are digital displays to help residents be more aware of their block’s impact on the environment. Installed at the lift lobby, these boards will also provide residents with green tips to lower their electricity and water consumption and will encourage sustainable behaviour with utilities-saving competitions between blocks. Performance Customer Empowerment As of 31 March 2021, 49 per cent of households and 47 per cent of eligible businesses have switched to buying electricity from a retailer of their choice. They have since enjoyed savings of about 20 per cent to 30 per cent off the regulated tariff. Our customers can also opt for a non-standard price plan to buy electricity from the wholesale electricity market. Under this arrangement, the customer buys electricity at the wholesale electricity price which varies every half hour depending on the prevailing demand and supply situation in Singapore’s wholesale electricity market. Customers are empowered with their utility consumption data via the SP Utilities app. With more than 1.2 million app downloads, customers are submitting their meter readings, viewing their bills and paying directly via the SP 23 Utilities app. Customers can pay with all credit cards from over 380 banks and enjoy rebates and rewards offered by banking partners for utilities payment through the app. We have processed over 1 million unique transactions through the app since 2019, giving customers greater convenience. SP has also installed over 500,000 smart meters nationwide as of 31 March 2021 and intends to complete installation for all 1.4 million households by 2024. As of end March 2021, more than 3,500 Tengah households have signed up for the centralised cooling system, which could help homeowners save as much as 30 per cent in life cycle costs. SP Heart Workers preparing the items in the welcome and learning packs for the SP Kids at Heart launch in June 2021. Future outlook SP’s overarching goal is to empower everyone with the knowledge and tools to foster a sustainable future for all. We will continue to harness digital technology to provide our customers with the information and means to lower their electricity consumption and adopt a more sustainable lifestyle. We are also committed to giving back to the community while working towards our environmental goals, the Group will be doubling its annual funding to S$3 million for programmes and expanding its reach to help children, in addition to vulnerable seniors. Under the new SP Kids at Heart programme that was launched in June 2021, SP Group aims to support young children from low-income families in their learning journey. Kickstarting the initiative, SP Group is donating S$1 million to provide educational tools, books and toys in the form of learning and development packs for about 2,000 KidSTART children for a year. The funds will also enable these children to receive electronic devices such as tablets and internet routers to support their online engagement and learning during the pandemic. In addition, SP will provide grocery vouchers and other financial assistance packages including tools and equipment that enable a more conducive home learning environment. 24

SP Group Sustainability Review FY2019/2020 SP GROUP Sustainability Review FY2019/2020 Scope of Review This is the annual sustainability review published by SP Group for the financial year 1 April 2019 to 31 March 2020. The scope of this review covers SP Group’s Singapore-based operations. Sustainability Strategy SP Group’s mission is to deliver reliable and efficient utilities services to enhance the economy and the quality of life of our consumers. This mission is rooted in our value system of commitment, integrity, passion and teamwork. Sustainability is central to our mission and guides us to achieve our mission in a responsible and committed manner. As a leading energy utilities company, we anchor our sustainability strategy around the United Nation’s Sustainable Development Goal (SDG) 7 – to ensure access to reliable, sustainable and modern energy for all. For more information, please refer to https://www.un.org/sustainabledevelopment/energy/ 7.1 Enhance energy access SDG 7 has three key targets: 7.2 Increase renewable energy 7.3 Promote energy efficiency Industry collaboration in energy technology and investment in energy infrastructure are identified as key enablers to meet these targets. We aspire to be a leading utilities company in a low-carbon future and providing energy that is reliable and sustainable is central to this long-term strategy. We recognise that to enable this clean transition, we need to invest in innovative technologies and infrastructure. We also understand that our actions need to extend beyond our own operations, to those of our customers who can create a large share of the impact through their choices and decisions. With this in mind, we have identified three strategic areas that support our actions towards the achievement of SDG 7: (1) Network Reliability, (2) Innovation and (3) Customer Empowerment. Mission: Deliver reliable and efficient utilities services to enhance the economy and the quality of life Network Reliability Value System: Commitment, Integrity, Passion, Teamwork customer empowerment Innovation 02 SP GROUP Sustainability Review FY2019/2020 In addition to helping customers reduce their carbon footprint, SP Group is committed to reducing the environmental impact from our business operations. In 2019, an extensive data collection exercise was completed to calculate the greenhouse gas (GHG) emissions following the principles in the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (revised edition). FY2019/2020 emissions Absolute, tonnesCO 2 e Intensity, kgCO 2 e/MWh sold Scope 1 25,966 0.54 Scope 2, location based 355,110 7.38 The bulk of SP Group’s GHG emissions in Scope 2 resulted from the dissipated energy emissions from technical losses via the distribution network and the transmission system in Singapore. While these emissions are inherent in the operations of the network, SP Group is committed to identifying opportunities to reduce the emissions from other key business activities that we operate and can influence. Value Add 30 Vision 2030 Reduce Carbon 30 We have set ourselves a “30-30-30” target to add at least 30 per cent value to our customers and reduce our carbon footprint by 30 per cent, by 2030. With FY2018/2019 as the baseline year where applicable, selected performance indicators will be measured and tracked in relation to our material topics of network reliability, innovation and customer empowerment. Our SAIDI performance for electricity network improved to 0.56 minute as compared to 0.87 minute in the previous year More than 29,000 tonnesCO 2 e avoided from our various low carbon solutions offered to our customers In FY2019/2020, our System Average Interruption Duration Index (SAIDI) for electricity network improved to 0.56 minute as compared to 0.87 minute in the previous year. Commonly used as a reliability indicator by electricity companies, SAIDI measures the average outage duration experienced by each customer served. Our improvement reflects the continuous efforts we have put in place to ensure our customers are provided with reliable electricity supply. We have also facilitated the switch for 46 per cent of residential customers and 43 per cent of small business customers in the Open Electricity Market, enabling them to enjoy savings of 20 per cent to 30 per cent off the regulated tariff. Customers also have the option of a non-standard price plan to buy electricity from the wholesale electricity market. The various initiatives that have resulted from our focus on innovation have helped to reduce the carbon footprint of our customers through avoided emissions. In FY2019/2020, the carbon dioxide (CO 2 ) emissions avoided amounted to more than 29,000 tonnes carbon dioxide equivalent (tonnesCO 2 e), which was 19 per cent more than the baseline year of FY2018/2019. 03 SP GROUP Sustainability Review FY2019/2020 Contributing to SDG 7 Targets SDG targets by 2030 Material topic Our key contributions 7.1 Energy Access Ensure universal access to affordable, reliable and modern energy services. Network reliability Innovation • Investing in network infrastructure upgrades • Deploying smart grid technologies to improve and maintain network reliability • Increasing electric vehicle charging stations Customer empowerment • Enabling access to the Open Electricity Market by empowering customers to choose electricity packages and enjoy savings • Deploying digital solutions for energy consumers 7.2 Renewable Energy Increase substantially the share of renewable energy in the global energy mix. Innovation • Deploying solar PV projects • Testing green hydrogen • Testing waste-to-energy solutions • Issuing and trading of Renewable Energy Certificates 7.3 Energy Efficiency Double the global rate of improvement in energy efficiency. Innovation Customer empowerment • Developing smart building and smart district level solutions • Deploying district cooling and energy saving solutions • Deploying smart technology through advanced electricity meters and SP Utilities mobile app • Spreading environmental awareness through GreenWall, GreenUP, Energy Challenge and My Carbon Footprint Refer to page 17 for more details on these initiatives 04 SP GROUP Sustainability Review FY2019/2020 Network Reliability Why This is Material SP Group serves a large customer base who expects uninterrupted power and a high-quality maintenance framework. We understand that people and businesses rely on us to provide consistent and reliable power. SP Group aims to deliver a high reliability rate with near-zero downtime. Network reliability will continue to be a key topic to SP Group as we strive to deliver excellence in our service provision and operations. Management Approach Network Maintenance Singapore has one of the best electricity and gas network systems in the world. Despite all our efforts, supply interruption is inevitable. They occur due to various reasons including network failure, damage by third parties, faulty equipment at customer sites or issues with the source of the supply. Electricity Network To minimise occurrence of power failure, SP Group carries out regular maintenance measures. One of the measures is online condition monitoring which checks the network around the clock. Any anomalies detected will trigger a response for the team to carry out rectification works to ensure the continued well-being of the equipment. In 2019, to enhance speed and accuracy in predicting anomalies, we have implemented online condition monitoring for newly installed 230kV and 400kV cable joints, and for all 230kV, 400kV and new 66kV switchgears. We are in the process of doing the same for all 22kV source station’s switchgears, to be completed by 2022. We also carry out physical monitoring every six to nine months. This measures the voltage and equipment condition when the checks are being conducted. If a power failure occurs, we take remediation actions to minimise the impact and downtime. Implemented online condition monitoring for newly installed 230kV and 400kV cable joints, and for all 230kV, 400kV and new 66kV switchgears to enhance speed and accuracy Employees work 24/7 at SP Group’s distribution control centre, the nerve centre of Singapore’s power grid, to ensure supply reliability. 05 SP GROUP Sustainability Review FY2019/2020 SP Group’s mobile generator crew is on standby 24/7. 1. Remote switching 2. Manual switching 3. Mobile generators 4. Cable jointing When a power fault is detected, this first course of action disconnects the affected equipment from the network and reconnects it to an alternative supply source. In 2019, we implemented remote switching capabilities for all 6.6kV distribution networks substations, enabling quicker restoration should a supply interruption occur. This is conducted when remote switching is unable to restore power supply. Power faults in low-voltage networks, such as damage to overground boxes that are used to transmit electricity to customers, are usually resolved through manual switching. These generators are deployed when power faults are reported and are used to provide temporary electricity supply while network issues are being resolved. This is conducted when switching is unable to resolve the power fault and the mobile generators cannot access the substation where the fault has occurred. Manual switching 06 SP GROUP Sustainability Review FY2019/2020 Gas Network SP Group owns and operates the gas network to supply gas to industrial, commercial and residential customers. The high pressure gas transmission system transports the main fuel source for Singapore’s power generation plants. A whole-of-life approach to asset management is adopted to manage risk and ensure that the gas network is developed, maintained and operated in a safe manner. The gas network is monitored round the clock in a system control centre. A Supervisory Control and Data Acquisition (SCADA) system is deployed on the transmission system to avail remote monitoring and operations capability, which enables immediate response to incidents. When incidents occur, response is centrally managed to ensure that performance recovery is quick and directed, and disruption to customers is minimised. SP Group checks the gas regulators regularly to ensure optimal gas supply pressure for customers. Regular inspections and maintenance are conducted on our assets to maintain reliability. An asset renewal programme tracks asset performance and replaces deteriorating assets efficiently. Patrol and leak survey of the pipelines are conducted to detect third party activities and gas leaks respectively. Dedicated planning of assets, selection of materials, project management and strict testing requirements are in place to maintain the integrity of the gas network. This enables continual good performance to existing consumers and supply to new consumers. International Collaboration In ensuring a more secure, accessible and sustainable energy future, SP Group is an active member of several international and regional working groups which benchmark and share best practices on grid operations. Participants at the 2019 HAPUA Council meeting. SP Group represents Singapore in the Heads of ASEAN Power Utilities Authorities (HAPUA) Pantone 2235C C75 M0 Y35 K0 R0 G176 B178 Pantone Red 032C C0 M91 Y87 K0 R239 G63 B54 Pantone 286C C100 M60 Y0 K6 R0 G98 B170 Pantone Process Yellow C C0 M0 Y100 K0 R:255 G242 B0 In the International Utility Working Group that was formed in 2003, SP Group is one of the utilities companies in the 10-member countries that meet annually to address grid reliability and security, integrating clean energy sources and meeting the digital needs of customers. In Southeast Asia, SP Group represents Singapore in the Heads of ASEAN Power Utilities Authorities (HAPUA). HAPUA’s key objectives include strengthening regional energy security through interconnection development and enhancing the quality and reliability of the electricity supply system. SP Group is the Chair of the Working Group #3 to focus on the areas of Distribution, Power Reliability and Quality. 07 SP GROUP Sustainability Review FY2019/2020 SP Group continues to invest in infrastructure to uphold network reliability. Initiatives Energy Access – SDG 7.1 Investing in Network Infrastructure Upgrades Planning and investing in network infrastructure upgrades is key to ensuring consumers have reliable and safe access to electricity. As part of our accelerated gas mains renewal programme, we have replaced more than 70km of aging ductile iron pipelines with more durable polyethylene pipes. This significantly reduces the risk of gas leaks and improves gas safety. We have embarked on the upgrading of two key operational systems, for gas network monitoring and control, and to support all gas market activities in Singapore. The final connection of our transmission network in the north of Singapore was also completed, enhancing the security and reliability of supply serving Liquefied Natural Gas (LNG) customers in the area. Commissioned a new 400kV substation to support more industrial capacity We have a long-term asset renewal strategy – based on the performance, condition and age of our equipment – to ensure that our electricity network remains resilient. We commissioned a new 400kV substation to support more industrial capacity and renewed one of two 230kV interconnections between Singapore and Malaysia. We have also replaced 606 switchgear panels, 158 transformers and 253km of cables in the distribution network. In 2012, we commenced an underground transmission cable tunnel project to support SP Group’s long-term plan of securing reliable and efficient electricity supply for Singapore. The project will allow us to install, repair and replace aging assets, and upgrade our network efficiently, with minimal inconvenience to the public. We have since installed and commissioned seven transmission cable circuits in our cross-island underground cable tunnels that were completed in 2019. These circuits, spanning close to 138km, are part of our long-term plan to replace aging assets and meet Singapore’s future electricity needs. 08 SP GROUP Sustainability Review FY2019/2020 Smart Grid Index In 2018, we launched the world’s first Smart Grid Index (SGI) to help utilities measure and advance in key dimensions of grid development. The SGI received strong endorsement from industry experts and stakeholders. Covering seven key aspects of an electricity grid – 1) supply reliability; 2) monitoring and control; 3) data analytics; 4) integration of Distributed Energy Resources (DER); 5) green energy; 6) security, and 7) customer empowerment and satisfaction – the SGI allows utilities to understand their strengths and areas they can improve in. Today, the SGI measures and benchmarks grid smartness across 75 utilities from 35 countries. In 2019, utilities in Asia Pacific nations made significant improvements in the rankings with an overall improvement of 10 percentage points from 2018. Improvements were most notable in areas of integration of DER, security, and customer empowerment and satisfaction. For further details on the benchmarking scores, please refer to https://www.spgroup.com.sg/what-we-do/smart-grid-index. SECURITY & SATISFACTION CUSTOMER EMPOWERMENT Best Practices by Dimensions GREEN ENERGY MONITORING & CONTROL DER INTEGRATION DATA ANALYTICS SUPPLY RELIABILITY Performance Network reliability is an important contributor to the economy and SP Group aims to ensure minimum disruption to electricity and gas supply for all businesses and households. There are two key indicators that our industry measures when assessing performance on network reliability: i) SAIDI, a system index of average duration of interruption in the power supply indicated in minutes per customers, and ii) System Average Interruption Frequency Index (SAIFI), a system index of average frequency of interruptions in the power supply. In FY2019/2020, our SAIDI for the electricity network improved by over 35 per cent. FY2018/2019 FY2019/2020 Electricity SAIDI (min) 0.87 0.56 SAIFI 0.0307 0.0366 Gas SAIDI (min) 0.0932 0.2637 SAIFI 0.0014 0.0019 To ensure minimal service disruption to our gas network, we have been actively replacing aging ductile iron pipelines with more durable polyethylene pipes to improve our gas SAIFI and SAIDI performance. Future Outlook To meet the 30-30-30 targets and minimise customer supply interruption, we actively invest in infrastructure, technology and engineering capabilities to uphold high performance standards. We continually look for innovative and cost-effective ways to deliver faster and better services and empower our staff with the knowledge they need to increase productivity and bring value to our customers and stakeholders. 09 SP GROUP Sustainability Review FY2019/2020 Innovation Why This is Material Singapore has pledged to reduce its Emissions Intensity by 36 per cent from 2005 levels by 2030. It has recently committed to enhance its nationally determined contribution to the absolute peak emissions level of 65 million tonnes of CO 2 equivalent around 2030. By 2050, Singapore aims to halve the amount of emissions it produces from its 2030 peak, with the view to achieve net-zero emissions as soon as viable in the second half of the century. Innovation and new technologies are central to facilitating this transition. SP Group can be a key facilitator and enabler for this change. Our investments in climate-friendly innovations will not only power a greener tomorrow for our business, they benefit the entire ecosystem, including organisations and individuals trying to reduce their own footprint. Management Approach SP Group takes an active approach to keep at the forefront of new technologies. Our approach has been to tap the global innovation ecosystem for exposure, test new solutions and build new capabilities to enable us to deliver value-added solutions to customers. SP has been actively engaging the global innovation ecosystem through programmes such as the Free Electrons Global Accelerator. In partnership with nine other global utilities, SP Group invites promising energy-related start-ups to apply for the accelerator programme which runs annually. Into its fourth edition in 2020, Free Electrons received a total of more than 850 start-up applications from 86 countries. Since 2017, Free Electrons has received more than 2,300 applications and investments were made in more than 100 pilot programmes while more than S$30 million has been invested in start-ups. SP Group invests in venture capital funds globally to access the innovation ecosystems and keeps abreast of market and technology developments. Our venture capital funds provide SP Group with deal flow access to start-ups globally including Asia, US and Europe. Through this innovation ecosystem, SP Group has been identifying relevant and promising technologies to run pilots. This approach allows us to validate the technologies and performance in our local environment, and build new capabilities as we partner start-ups and organisations to develop new solutions. By 2050, Singapore aims to halve the amount of emissions it produces from its 2030 peak, with the view to achieve net-zero emissions as soon as viable in the second half of the century Since 2017, Free Electrons has received more than 2,300 applications from innovative energy startups. More than 100 pilot programmes were initiated between the utilities and start-ups. More than S$30 million has been invested in the start-ups. Free Electrons utilities and start-up participants in Berlin, Germany. 10 SP GROUP Sustainability Review FY2019/2020 Initiatives Energy Access – SDG 7.1 Electric Vehicle Charging The switch to low-carbon electric vehicles (EVs) is seen as an increasingly viable route for the decarbonisation of the transportation sector globally. With our geographic size, economic landscape and existing infrastructure, Singapore is well-placed to adopt green mobility, and SP Group aims to drive this change. Over the past two years, SP Group has been partnering organisations to set up EV charging stations across the island, in line with the government’s longerterm plan to build 28,000 electric vehicle charging points by 2030. In 2019, the high-speed EV charging network was increased to 200 points across Singapore, including 52 direct current fast chargers. Locating the charging points can be done via the SP Utilities app. Through the app, users can start and stop charging, and pay for the electricity used. This allows for greater convenience to users to access the largest fleet of EV charging points in Singapore. Renewable Energy – SDG 7.2 Solar Panels SP Group has installed solar photovoltaic (PV) panels at our headquarters and district offices and developed storage systems to harness and deploy energy efficiently. This experience enables us to work with partners in the community and industrial customers to achieve similar sustainable outcomes. The Integrated Energy Solutions system includes features like the SP Group’s direct current fast charging points offer our customers a convenient and quick way to charge their electric vehicles. “ We are very pleased to work with SP Group on the enabling infrastructure for EVs at Paya Lebar Quarter. We see EVs as representing a better environmental solution for cars in Singapore and are already seeing demand from our Paya Lebar Quarter office tenants for EV charging stations.” - Mr Richard Paine, Managing Director of Paya Lebar Quarter energy storage capabilities, energy sensors and a real-time digital platform to monitor, analyse and optimise energy usage. Machine learning models were also deployed to better monitor the panels’ condition to reduce the need for regular inspections. One such digital system was developed at the local SembCorp Marine Tuas Boulevard Yard that optimises energy consumption and harnesses solar energy for significant savings. The system is paired with 4.5 MegaWattpeak (MWp) solar panels, the largest single solar rooftop at a shipyard in Southeast Asia. It will provide up to 30 per cent of electricity consumed by the yard’s steel structure fabrication workshop during peak load. 11 SP GROUP Sustainability Review FY2019/2020 Green Hydrogen While renewable energy such as solar and wind has been at the forefront of clean energy solutions, alternative clean fuels such as hydrogen gas has the potential to offer consumers a viable option for accessing clean energy. With water and energy as the bi-products, hydrogen gas as a fuel offers plenty of potential, more so for Singapore, which has limited renewable options. In 2019, SP Group installed a hydrogen energy system at our training centre at Woodleigh Park in partnership with Marubeni Corporation and Tohoku University. The system generates green hydrogen through electrolysis powered by solar energy. This has helped us convert the training centre into the first zero-emission building in Southeast Asia that is powered by green hydrogen. Since October last year, the building, which consumes about 2,000 kilowatt hours of electricity a month – equivalent to the monthly usage of five four-room Housing Board flats – has been able to operate independently from the national grid. Waste to Energy Waste generation in Singapore has increased seven fold over the past 40 years, putting immense pressure on Singapore’s only landfill at Pulau Semakau which will be full by 2035. With land being a scarce resource, there is urgent need to explore alternatives for waste disposal. SP Group and Gardens by the Bay announced plans to pilot a zero-waste solution at the Gardens. This solution offers an effective alternative to incineration using compact gasification technology to convert waste into thermal energy and biochar. As a result, waste is reduced to only five per cent of its original volume and emissions are reduced by up to 20 per cent. The smart-waste management system could enable sustainable zero-waste districts to be viable in Singapore, bringing the country closer towards a circular economy. In addition to tackling the waste issue, this technology will also allow us to explore efficient alternative solutions to generating energy and reducing our reliance on fossil fuels. SP Group harnesses renewable energy to create clean energy solutions for customers. SP Group installed a hydrogen energy system at our training centre at Woodleigh Park in partnership with Marubeni Corporation and Tohoku University SP Group and Gardens by the Bay announced plans to pilot a zero-waste solution at the Gardens. As a result, waste is reduced to only five per cent of its original volume and emissions are reduced by up to 20 per cent. The smart-waste management system is deployed at Gardens by the Bay. 12 SP GROUP Sustainability Review FY2019/2020 Renewable Energy Certificates Platform In 2018, SP Group launched the world’s first blockchain-powered Renewable Energy Certificate (REC) marketplace. The marketplace enables the trading of RECs – for renewable energy producers to sell, and for consumers wishing to use green energy to purchase. In 2019, an agreement was signed with the International REC Standard Foundation for SP Group to be the first authorised local issuer of I-RECs in the Asia Pacific. This international accreditation means consumers can be assured of the integrity of each REC transaction. With the one-stop digital REC platform, SP Group is removing barriers so that big and small consumers can achieve their green targets seamlessly and securely. Energy Efficiency – SDG 7.3 Smart Building Solutions SP Group actively explores new technologies to support the energy needs of buildings and districts. With 75F, a building intelligence provider harnessing Internet of Things and machine learning, we are A sample of an REC that is issued to consumers. In 2018, SP Group launched the world’s first blockchain-powered Renewable Energy Certificate marketplace offering a micro-climate control solution that can save up to 30 per cent in energy consumption while improving occupant comfort. This solution has been deployed at DBS Asia Hub at Changi Business Park since February 2020. Tenancity was launched in 2019 to provide offices, malls and campuses with an energy-efficient solution in both tenant and common spaces. As part of this product, the consumption insights were also offered for the landlord and tenants to know about unusual deviations from benchmarks, anomalies in usage, and water leakage detection. This allows customers to take concrete steps to save energy and water. The first project was in Changi Airport where smart electricity and water meters were deployed for all tenants in Terminal 3. Data was aggregated through a wireless mesh network, becoming one of the first to integrate smart electricity and water meters in a wireless network within a building. Through the implementation of an energyefficient solution, coupled with advanced meters and operational analytics within the tenant premises, we are able to improve operational efficiency in Changi Airport Group’s utilities billing processes. Since then, similar projects have been undertaken at HDB Connection One and Nanyang Technological University. SP Group is also working with the newly set up Singapore Eco Office from the Ministry of the Environment and Water Resources and Temasek Holdings to transform Tampines into an Eco Town. This is part of the Singapore Government’s plans to rejuvenate and transform mature towns and make them more sustainable. SP Group’s micro-climate control solution allows customers to save up to 30 per cent in energy consumption while improving occupant comfort. 13 SP GROUP Sustainability Review FY2019/2020 District Cooling and Energy Saving Solutions At Marina Bay Sands, SP Group operates the world’s largest underground district cooling system. Here, chillers centrally produce chilled water during off-peak periods, store the chilled water using a thermal energy storage system, and supply the chilled water for air conditioning use at the buildings in the Marina Bay area. If renewable energy that is used to power the chillers suddenly fluctuates, the lithium ion battery will immediately discharge energy to balance the supply, hence overcoming the challenge of inconsistent renewable energy in a cost-effective way. For the innovative efforts, SP Group was presented with the 2019 Minister for National Development’s R&D Merit Award at the Urban Sustainability R&D Congress 2019. Performance SP Group’s low-carbon initiatives have enabled our customers to avoid more than 29,000 tonnesCO 2 in FY2019/2020, equivalent to planting more than 1.4 million rain trees 1 or taking more than 6,300 cars off the road for a year 2 . Measuring this progress against the target of helping our customers reduce their carbon footprint, these initiatives have achieved 19 per cent increase in the CO 2 avoided since 2018. Future Outlook SP Group recognises that Singapore lacks land to scale up renewable energy systems. However, we plan to work with our neighbouring countries on cross-border power supply. Building transmission lines to connect the countries and using renewable energy credits to facilitate power trading can allow Singapore to use clean power even if it cannot produce it. Furthermore, we will continue to work on our strategic areas for innovation to provide our customers with low-carbon solutions. SP Group’s low carbon initiatives have enabled customers to avoid more than 29,000 tonnesCO 2 in FY19/20, equivalent to planting more than 1.4 million rain trees or taking more than 6,300 cars off the road for a year SP Group operates the world’s largest underground district cooling system that supplies chilled water for air conditioning to buildings in the Marina Bay area. 1 One mature rain tree absorbs 0.0201 tonnesCO 2 a year - data from My Carbon Footprint study by South Pole 2 From US EPA Greenhouse Gas Equivalencies Calculator 14 SP GROUP Sustainability Review FY2019/2020 Customer Empowerment Why This is Material The transition towards a clean energy economy will largely be driven by end-user consumption. Given that SP Group provides electricity and gas transmission and distribution services to consumers in Singapore, customer education and empowerment will support Singapore’s target to transition to a low-carbon future. Beyond this, empowerment of customers can result in energy and cost savings for the customers of SP Group, increasing value to them. Management Approach SP Group’s customers are at the core of our business strategies. Our initiatives for the community and our customers are aligned with our mission – to deliver reliable and efficient utilities services to enhance the economy and the quality of life. Public education is an important aspect of our management approach. SP Heart Workers, the staff volunteers of SP Group, organise interactive workshops and training for members of the community on issues of energy efficiency and safety. In 2019, we engaged students from the Nanyang Polytechnic School of Interactive and Digital Media to develop a series of gas safety awareness videos. These videos were part of a gas safety campaign that we rolled out in September last year. Empowerment Through Technology To provide greater convenience to our customer base, we have embarked on a digital transformation journey. This has resulted in digital products that power internal business units and energy technology products that are available to customers. With energy technology as a tool to drive sustainability, the primary goals are to: 1) inform, 2) enable and 3) add value. Inform Timely data, information and recommendations on your energy use. Enable Take actions through direct control and automation with AI recommendations. Add Value Providing economic value while contributing to sustainability. 15 SP GROUP Sustainability Review FY2019/2020 Initiatives Energy Access – SDG 7.1 Open Electricity Market In 2018, the electricity market in Singapore opened up, allowing residential consumers to choose their utilities package from new retailers in the market. Regardless of their choice of whether to remain with SP Group at the regulated tariff, or switch to another electricity retailer, SP Group is committed to helping consumers make the right decisions which enable them to save energy and cost. Typical savings are between 20 per cent to 30 per cent off the regulated tariff. To demonstrate our commitment, we have rolled out a price comparison feature on the SP Utilities app, whereby customers can see various price plans at a glance. This makes it easier for consumers to select price plans that best suit their consumption needs. Energy Efficiency – SDG 7.3 SP Group has facilitated the switch for many of our customers to enable them to save 20 per cent to 30 per cent off the regulated tariff Smart Technology SP Group is increasingly shifting its focus to use data science and artificial intelligence (AI) to deliver efficient energy solutions to our customers. We refer to this as an “Energy Brain”. This “Energy Brain” uses intelligence gathered from a large volume of consumption data from both residential homes and businesses to provide customers with data-driven solutions. Beyond this, we are increasing customer empowerment by installing advanced electricity meters for all households, allowing residents to access their half-hourly electricity usage through our SP Utilities app. These advanced meters allow residents to gain a better picture of their consumption patterns, enabling them to implement reduction and efficiency measures in a meaningful manner. SP Group uses data science and artificial intelligence to deliver efficient energy solutions to customers. 16 SP GROUP Sustainability Review FY2019/2020 Energy Efficiency – SDG 7.3 Environmental Awareness In March 2020, SP Group launched the enhanced Carbon Footprint calculator, called My Carbon Footprint. It enables everyone in Singapore to be more aware of the environmental impact of their daily actions. First launched in December 2019, the initial version allows users to view the carbon emissions resulting from their electricity consumption. The calculator that is available on the SP Utilities app allows everyone in Singapore to measure their environmental impact from their daily lifestyle choices according to their household profile, mode and duration of commute, frequency of holiday travel, spending habits and food consumption. Approximately 13 per cent of SP Utilities app users had participated in GreenUP and completed over 1.3 million activities In addition, SP Group has launched initiatives that allow A screengrab of My Carbon Footprint. consumers to adopt a more sustainable lifestyle through their daily actions. GreenUP, also available on the SP Utilities app, aims to educate and empower customers to go green in a fun and interactive way. As of 31 March 2020, approximately 13 per cent of SP Utilities app users have participated in GreenUP and completed over 1.3 million activities cumulatively since its launch in September 2019. The Energy Savings Challenge was rolled out through various platforms including the SP Utilities app. A partnership between the National Environment Agency and SP Group, the Challenge was first launched in 2017 as a call to households to reduce their electricity use by 1 per cent by practising simple energy saving habits as a way of life to contribute to a sustainable environment. With the GreenUP feature on the SP Utilities app, users can participate in challenges and earn rewards. 17 SP GROUP Sustainability Review FY2019/2020 Performance Customer Empowerment As of 31 March 2020, 46 per cent of households and 43 per cent of eligible businesses have switched to buying electricity from a retailer of their choice. They have since enjoyed savings of about 20 per cent to 30 per cent off the regulated tariff. Customers also have the option of buying electricity from the wholesale electricity market. Under this arrangement, customers buy at the wholesale electricity price which varies every half an hour depending on the prevailing demand and supply situation in Singapore’s wholesale electricity market. SP Group has installed 480,000 smart meters to businesses and households as of March 2020 Customers are empowered with their utilities consumption data via the SP Utilities app. With more than 900,000 app downloads, customers are submitting their meter readings, viewing their bills and paying directly via the SP Utilities app. Customers can pay with all credit cards from over 380 banks and enjoy rebates and rewards offered by banking partners for payment through the app. We have processed over 800,000 unique transactions through the app since 2019, giving customers greater convenience. SP Group has also installed 480,000 smart meters to businesses and households as of March 2020 and will continue to roll these out incrementally over the next five years. Future Outlook SP Group’s overarching goal is to empower everyone with the knowledge and tools to foster a low-carbon future for all. We will continue to harness digital technology to provide our customers with the information and means to lower their electricity consumption and adopt a more sustainable lifestyle. SP Group enables a low-carbon and sustainable future for Singapore. 18 Sustainability Review FY2019/2020 2 Kallang Sector Singapore 349277 T. +65 6916 8888 F. +65 6304 8188 https://www.spgroup.com.sg/

Second-Party Opinion Singapore Power Limited Green Financing Framework Evaluation Summary Sustainalytics is of the opinion that the Singapore Power Limited Green Financing Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2018, the Green Loan Principles 2020 and ASEAN Green Bond Standards. This assessment is based on the following: The eligible categories for the use of proceeds – Clean Transportation, Energy Efficiency, Green Buildings, Renewable Energy – are aligned with those recognized by the Green Bond Principles 2018, the Green Loan Principles 2020 and ASEAN Green Bond Standards. Sustainalytics considers that the eligible categories are expected to improve energy efficiency and reduce the carbon footprint of the Company’s and its customers’ operations while advancing the UN Sustainable Development Goals (SDGs), specifically SDGs 7, 9 and 11. SP Group’s Treasury Team will be responsible for identifying, selecting and monitoring Eligible Projects. The team will be responsible for ensuring that selected projects are aligned with the Framework eligibility criteria. The final approval will be made by the Chief Financial Officer. Sustainalytics considers the project selection process in line with market practice. SP Group uses an internal register to track the net proceeds from green bonds and loans, managed by the Treasury Team. Pending full allocation, any unallocated proceeds will be invested in cash, cash equivalents or liquid marketable instruments at SP Group’s discretion, as per SP Group’s treasury policy. This is aligned with current market practices. The Company intends to report on the allocation and impact of proceeds on its website on an annual basis until full allocation. Allocation reporting will include (i) the amounts allocated in the respective Eligible Green Categories, (ii) description of key Eligible Projects funded by the Green Financing Instrument proceeds, (iii) the proportion of new financing versus refinancing, and (iv) the balance of unallocated proceeds. In addition, SP Group is committed to reporting on relevant impact metrics. Sustainalytics views Singapore Power Limited’s allocation and impact reporting as aligned with market practice. Evaluation date March 10, 2021 Issuer Location Report Sections Singapore, Singapore Introduction .................................................. 2 Sustainalytics’ Opinion ................................ 3 Appendices .................................................. 8 For inquiries, contact the Sustainable Finance Solutions project team: Begum Gursoy (Amsterdam) Project Manager begum.gursoy@morningstar.com (+31) 20 205 0082 Aoife McCarthy (Amsterdam) Project Support aoife.mccarthy@morningstar.com (+31) 20 299 4690 Marika Stocker (Singapore) Project Support marika.stocker@morningstar.com (+65) 31576881 Nicholas Gandolfo (Singapore) Client Relations susfinance.apac@morningstar.com (+852) 3008 2391 Alignment with ASEAN Green Bond Standards The ASEAN Green Bond Standards provide guidance to issuers and communicate more specifically what the issuer should do to issue a credible green bond within Southeast Asia. Sustainalytics is of the opinion that the green categories under the Singapore Power Limited Green Financing Framework align with the ASEAN Green Bond Standards. © Sustainalytics 2021 Second-Party Opinion Green Financing Framework Introduction Singapore Power Limited (“SP Group”, or the “Company”) owns and operates electricity and gas transmission and distribution businesses and a market support services business in Singapore. SP Group holds an interest in two Australian companies engaged in the transmission and distribution of electricity and gas in Australia. The Company also owns and operates district cooling networks in Singapore and China and has also established heating operations in China. SP Group has developed the Green Financing Framework (the “Framework”) under which it intends to issue green bonds, green loans, green letter of credit facilities, 1 private placements and other debt-like financing instruments and use the proceeds to finance and refinance, in whole or in part, existing and future projects that are expected to improve energy efficiency and reduce the carbon footprint of the Company’s and its customers’ operations. The Framework defines eligibility criteria in four areas: 1. Clean Transportation 2. Energy Efficiency 3. Green Buildings 4. Renewable Energy SP Group engaged Sustainalytics to review the Green Financing Framework, dated March 2021, and provide a Second-Party Opinion on the Framework’s environmental credentials and its alignment with the Green Bond Principles 2018 (GBP) 2 , the Green Loan Principles 2020 (GLP) 3 and ASEAN Green Bond Standards (AGBS). 4 This Framework has been published in a separate document. 5 Scope of work and limitations of Sustainalytics’ Second-Party Opinion Sustainalytics’ Second-Party Opinion reflects Sustainalytics’ independent 6 opinion on the alignment of the reviewed Framework with the current market standards and the extent to which the eligible project categories are credible and impactful. As part of the Second-Party Opinion, Sustainalytics assessed the following: • The Framework’s alignment with the Green Bond Principles 2018, as administered by ICMA, the Green Loan Principles 2020, as administered by LMA, APLMA and LSTA 7 ,and ASEAN Green Bond Standards; • The credibility and anticipated positive impacts of the use of proceeds; and • The alignment of the issuer’s sustainability strategy and performance and sustainability risk management in relation to the use of proceeds. For the use of proceeds assessment, Sustainalytics relied on its internal taxonomy, version 1.7.1, which is informed by market practice and Sustainalytics’ expertise as an ESG research provider. As part of this engagement, Sustainalytics held conversations with various members of SP Group’s management team to understand the sustainability impact of their business processes and planned use of proceeds, as well as management of proceeds and reporting aspects of the Framework. SP Group representatives have confirmed (1) they understand it is the sole responsibility of SP Group to ensure that the information provided is complete, accurate or up to date; (2) that they have provided Sustainalytics with all 1 Sustainalytics has communicated to the Issuer that either the whole (or a specific tranche) of the RCF should be earmarked against green assets, and can then be drawn down as needed, or each drawdown should be allocated to a specific green expenditure, in order to be aligned with market standards. 2 The Green Bond Principles are administered by the International Capital Market Association and are available at https://www.icmagroup.org/greensocial-and-sustainability-bonds/green-bond-principles-gbp/. 3 The Green Loan Principles are administered by the Loan Market Association, Asia Pacific Loan Market Association and Loan Syndications & Trading Association and are available at https://www.lsta.org/content/green-loan-principles/ 4 The ASEAN Green Bond Standards are administered by the ASEAN Capital Markets Forum, and are available at: http://www.theacmf.org/ACMF/upload/ASEAN_Green_Bond_Standards.pdf 5 The Green Financing Framework is available on Singapore Power Limited ’s website at: https://www.spgroup.com.sg/about-us/investor-relations 6 When operating multiple lines of business that serve a variety of client types, objective research is a cornerstone of Sustainalytics and ensuring analyst independence is paramount to producing objective, actionable research. Sustainalytics has therefore put in place a robust conflict management framework that specifically addresses the need for analyst independence, consistency of process, structural separation of commercial and research (and engagement) teams, data protection and systems separation. Last but not the least, analyst compensation is not directly tied to specific commercial outcomes. One of Sustainalytics’ hallmarks is integrity, another is transparency. 7 In addition to the Loan Markets Association, the GLP are also administered by the Asia Pacific Loan Market Association and the Loan Syndications & Trading Association 2 Second-Party Opinion Green Financing Framework relevant information and (3) that any provided material information has been duly disclosed in a timely manner. Sustainalytics also reviewed relevant public documents and non-public information. This document contains Sustainalytics’ opinion of the Framework and should be read in conjunction with that Framework. Any update of the present Second-Party Opinion will be conducted according to the agreed engagement conditions between Sustainalytics and SP Group. Sustainalytics’ Second-Party Opinion, while reflecting on the alignment of the Framework with market standards, is no guarantee of alignment nor warrants any alignment with future versions of relevant market standards. Furthermore, Sustainalytics’ Second-Party Opinion addresses the anticipated impacts of eligible projects expected to be financed with bond and loan proceeds but does not measure the actual impact. The measurement and reporting of the impact achieved through projects financed under the Framework is the responsibility of the Framework owner. In addition, the Second-Party Opinion opines on the potential allocation of proceeds but does not guarantee the realized allocation of the bond and loan proceeds towards eligible activities. No information provided by Sustainalytics under the present Second-Party Opinion shall be considered as being a statement, representation, warrant or argument, either in favour or against, the truthfulness, reliability or completeness of any facts or statements and related surrounding circumstances that SP Group has made available to Sustainalytics for the purpose of this Second-Party Opinion. Sustainalytics’ Opinion Section 1: Sustainalytics’ Opinion on the Green Financing Framework Sustainalytics is of the opinion that the Green Financing Framework is credible and impactful and aligns with the four core components of the GBP, GLP and AGBS. Sustainalytics highlights the following elements of SP Group’s Green Bond Framework: • Use of Proceeds: - The eligible categories – (i) Clean Transportation, (ii) Energy Efficiency, (iii) Green Buildings, (iv) Renewable Energy – are aligned with those recognized by the GBP, GLP, and the AGBS. Sustainalytics believes that the eligible categories can be expected to provide environmental benefits such as improved energy efficiency and reduced carbon footprint to the Company’s and its customers’ operations, which are primarily based in Asia currently. - SP Group has established a look-back period of 36 months from the initial date of the Green Financing Instrument transaction, which Sustainalytics considers to be in line with market practice. - SP Group has clarified that the Company intends to invest primarily in CAPEX activities of eligible categories under the Framework. - Under the “Renewable Energy” category, the Company may finance the generation, storage, transmission and distribution of renewable energy such as solar energy, including solar photovoltaics and concentrated solar power (“CSP”), onshore and offshore wind, small scale hydropower (below 25MW) and geothermal projects with direct emissions below 100g CO2/kWh. • SP Group has confirmed that all transmission and distribution projects will be dedicated to either connecting renewable energy to the power grid or reducing the curtailment of renewable energy into the grid. • Regarding CSP, SP Group has confirmed that these projects will be limited to those that obtain around 85% of electricity from solar energy sources. • With respect to hydropower projects, SP Group has confirmed to Sustainalytics that, when required by laws and regulations, a social and environmental impact assessment and controversy check will be carried out to ensure intended projects do not negatively impact their surroundings or communities. Sustainalytics encourages the Company to 3 Second-Party Opinion Green Financing Framework make every effort to ensure that social and environmental risks are assessed and considered for every project. - Under the “Energy Efficiency” category, SP Group intends to invest in district heating and cooling solutions, microgrids and energy storage systems. • For district heating and cooling systems, SP Group has clarified that intended projects include the installation of electric-powered centralized air conditioning systems that aim to provide energy efficiency through the centralized production of chilled water connected to commercial buildings. 8 While Sustainalytics notes that district heating and cooling distribution network systems primarily powered by renewables are preferred in the market, Sustainalytics recognizes the importance of improving energy efficiency of air conditioning systems, 9 and encourages SP Group to report on the impact achieved. • SP Group has confirmed with Sustainalytics that energy storage systems will include battery storage and power-to-hydrogen using electrolysis. • Regarding microgrids, the Company has confirmed that this category will include investments in production, storage, transmission and distribution of renewable energy sources described in the Framework. - Under the “Green Buildings” category, the Company may invest in residential and commercial buildings that have received the third-party certification, Singapore’s BCA Green Mark (Gold or above) or equivalent. See Appendix 1 for Sustainalytics analysis of this certification scheme. - SP Group follows the International Finance Corporation (“IFC”) Exclusion List (2007) in determining the excluded assets and projects under the Framework, such as the transmission of energy from fossil fuels. • Project Evaluation and Selection: - SP Group’s Treasury Team will be responsible for identifying, selecting, and monitoring Eligible Projects. The team will conduct an annual review of Green Financing Instruments (“GFI”) to monitor allocation of proceeds and assess eligibility of existing assets to ensure that they continue to align with use of proceeds criteria outlined within the Framework. Ultimately the Chief Financial Officer has the right of veto decisions made by the Treasury Team in this process. - Based on these elements, Sustainalytics considers this process to be in line with market practice. • Management of Proceeds: - SP Group will establish a green financing register to monitor and track the proceeds of the GFI and allocate proceeds under eligible green categories. SP Group intends to maintain a level of allocation which matches or exceeds the balance of net proceeds from its outstanding GFI. Pending full allocation, unallocated proceeds will be temporarily invested in cash, cash equivalents, or liquid marketable instruments as per the Company’s treasury policy and exclusion criteria. SP Group has confirmed with Sustainalytics that for any revolving credit facilities funded, SP Group will assess drawdowns according to the Eligible Projects criteria. - Based on these elements, Sustainalytics considers this process to be in line with market practice. • Reporting: - The Company is committed to reporting on the allocation and impact of its proceeds, through a green financing report, made available to investors and lenders within one year from the date of issuance of the GFI and until the proceeds are fully allocated. Reports will be made available on the Group’s website. Allocation reporting will include (i) the amounts allocated in the respective eligible green categories (ii) description of key Eligible Projects funded by the GFI proceeds, (iii) the proportion of new financing versus refinancing, and (iv) the balance of unallocated proceeds. - As part of its impact reporting, SP Group will draw on several indicators, including annual GHG emissions reduced or avoided (in CO 2 tons or equivalent), annual energy savings (in MWh/GWh/GJ/TJ), number of charging points installed, and number of buildings connected to district cooling network. 8 SP Group, District Cooling and Heating, at: Cooling & Heating (spgroup.com.sg). 9 Solving the Global Cooling Problem, Press Release, at: Solving the Global Cooling Problem (bloombergquint.com). 4 Second-Party Opinion Green Financing Framework Based on these elements, Sustainalytics considers this process to be in line with market practice. Alignment with Green Bond Principles 2018, Green Loan Principles 2020 and ASEAN Green Bond Standards Sustainalytics has determined that the Green Financing Framework aligns to the four core components of the GBP and GLP and with the AGBS. For detailed information please refer to Appendix 2: Green Bond/Green Bond Programme External Review Form. The ASEAN Green Bond Standards provide guidance to issuers and communicate more specifically what an issuer should do to issue a credible green bond within Asia. Sustainalytics is of the opinion that the Singapore Power Limited Green Bond Framework aligns with the ASEAN Green Bond Standards 2018. See Appendix 3: Alignment to the ASEAN Green Bond Standards. Section 2: Sustainability Strategy of SP Group Contribution of framework to Singapore Power Limited ’s sustainability strategy Sustainalytics is of the opinion that SP Group demonstrates commitment to sustainability with a focus on three key environmental areas: (i) Energy Efficiency, (ii) Renewable Energy, (iii) Energy Access. Coming from the energy utilities sector, SP Group’s sustainability strategy is anchored around SDG 7, affordable and clean energy. The Company has identified three strategic areas to achieve the targets of SDG 7: Network Reliability, Innovation and Customer Empowerment. 10 Part of the strategy is the “30-30-30” target which comprises a 30% carbon footprint reduction by 2030 (FY2018/2019 has been set as the baseline year) To achieve that goal, the Company identified industry collaboration in energy technology and investments in energy infrastructure as the key enablers. 11 As an example, SP Group is providing the Singapore Institute of Technology with a multi-energy urban microgrid at the university’s upcoming Punggol campus, enabling it to be the first microgrid in Southeast Asia. 12 In 2019, the company undertook a data collection exercise to calculate the greenhouse gas emissions following the principles in the Greenhouse Gas Protocol. 13 The Greenhouse Gas Protocol establishes global standardized frameworks to measure and manage GHG emissions from private and public sector operations, value chains and mitigation actions. 14 SP Group is measuring the absolute tons of CO 2 emissions for Scope 1 and Scope 2. In FY2019/2020 the company avoided CO 2 emissions of more than 29,000 tons of carbon dioxide equivalent. (tonnesCO 2e). The avoided emissions demonstrated a 19% increase compared to the baseline year of FY2018/2019. Sustainalytics is of the opinion that the Green Financing Framework is aligned with the company’s overall sustainability strategy and initiatives and will further the Company’s action on its key environmental priorities. Well-positioned to address common environmental and social risks associated with the projects While Sustainalytics recognizes that the net proceeds from the bonds and loans issued under the Framework will be directed towards eligible projects that are recognized by the GBP and GLP to have positive environmental impacts, Sustainalytics is aware that such eligible projects could also lead to negative environmental and social outcomes. Some key environmental and social risks associated with the eligible projects could include occupational health and safety, community relations/stakeholder participation, land use and biodiversity issues associated with large-scale infrastructure development, and waste generated in construction. SP Group has obtained Group-level certification on ISO 45001:2018 Occupational Health and Safety (“OHS”) Management Systems which aims to enable organizations to provide safe and healthy workplaces by preventing work-related injury and ill health, eliminate hazards and risks, as well as by proactively improving its OHS performance. Furthermore, in order to ensure adequate workplace safety and health for contractors’, the Company requires the implementation of the minimum bizSAFE Level 4 certification and safety requirements for its engineering, construction and building operations in Singapore. bizSAFE is a nationally recognized capability building program to help companies build workplace safety and health capabilities. 15 In 10 Singapore Power Limited, “Sustainability Report”, (FY2019/2020), at: SP Group Sustainability Review FY2019-2020 11 Ibid 12 Ibid 13 Ibid 14 Greenhouse Gas Protocol at: About Us | Greenhouse Gas Protocol (ghgprotocol.org) 15 SP Group at: Procurement (spgroup.com.sg) 5 Second-Party Opinion Green Financing Framework addition, the Company established a Contractor Performance Management System to work with contractors to raise safety and quality standards. This framework adopts a holistic approach in reviewing contractors’ overall performance and encourages contractors to improve their safety measures on a continuous basis. Sustainalytics recognizes the importance of the above-mentioned risk mitigation measures in addressing health and safety risks and encourages the Company, where feasible, to implement and report on further measures to strengthen its risk management practices, especially in the areas of waste management, community relations, land use and biodiversity. Section 3: Impact of Use of Proceeds All four use of proceeds categories are aligned with those recognized by the GBP, GLP and the AGBS. Sustainalytics has focused on three below where the impact is specifically relevant in the local context. Importance of renewable energy and energy efficiency in the APAC region and Singapore APAC countries account for about 53% of global GHG emissions with an increasing rate of 4% per year over the past two decades. 16 The surge in energy emissions stems from an increased energy demand in APAC due to the population growth and urbanization in the region. The International Renewable Energy Agency (IRENA) states that more than 50% of global energy consumption comes from APAC countries of which 85% is originated from fossil fuels. 17 The UN Economic and Social Council identified energy efficiency as vital to curbing the energy demand in APAC as it contributes largely to the potential for reducing GHG emissions. They suggest that policy frameworks would benefit from strengthening energy efficiency and encouraging the uptake of renewable energy. 18 To allow for a successful energy transition in APAC, it is crucial to replace coal as the leading source of meeting the growing energy demand. From 2006 to 2016 the annual coal consumption in APAC increased by 3.1% 19 , indicating the importance of increasing the energy mix towards renewable energy projects to support the decarbonization of economies. Singapore accounts for about 0.11% of global emissions and is ranked 14 th out of 180 countries in the 2016 Environmental Performance Index (EPI), making it the top-ranked country in Asia. 20 The EPI ranks 180 countries on environmental health and ecosystem vitality. 21 In 2015, Singapore pledged to reduce emissions intensity by 36% from 2005 levels by 2030 and stabilize emissions with the aim of peaking around 2030. 22 Nevertheless, the country is a low-lying island state, which is vulnerable to several climate change consequences like flash floods, dry-spells and rising sea levels. Therefore, in 2016, Singapore announced the Climate Action Plan: Take Action Today, for a Carbon-Efficient Singapore outlaying four strategies: 1) improving energy efficiency, 2) reduce carbon emissions from power generation, 3) develop and demonstrate cuttingedge low-carbon technologies and 4) collective action of government agencies, individuals, business and the community. The country’s GHG emissions in 2012 were 49 million tons CO 2-equivalent. The largest shares of primary emissions come from power (43%), industry (41%) and transport (15%). 23 For the emissions coming from power, over 95% of Singapore’s electricity is generated through natural gas and it will continue to be a dominant fuel for the country in the near future (status 2020). In addition, Singapore is switching to renewable energy such as solar and is exploring ways to tap on regional power grids. Moreover, the country is looking into emerging renewable energy solutions such carbon capture, hydrogen and utilization and storage. 24 Sustainalytics considers that SP Group’s investments in energy efficiency and renewable energy will contribute to enhancing Asia’s and Singapore’s position as a low-carbon economy. 16 UN ESCAP, “The Economics of Climate Change in the Asia-Pacific Region”, (2016), at: https://www.unescap.org/sites/default/files/The%20Economics%20of%20Climate%20Change%20%20in%20the%20Asia-Pacific%20region.pdf 17 IRENA, “Asia and Pacific”, at: https://www.irena.org/asiapacific 18 UN Economic and Social Council, “Energy transition in Asia and the Pacific”, (2018), at: Energy transition in Asia and the Pacific: pathways to ensure access to affordable, reliable, sustainable and modern energy for all (unescap.org) 19 UN ESCAP, “Economic and Social Survey of Asia and the Pacific 2020”, (2020), at: https://www.unescap.org/sites/default/files/publications/Economic%20and%20Social%20Survey%20of%20Asia%20and%20the%20Pacific%202020%2 0Towards%20sustainable%20economies.pdf#page=27 20 National Climate Change Secretariat, “Singapore’s Climate Action Plan”, (2016), at: 1545Climate_Action_Plan_Publication_Part_1.pdf (un.org) 21 Environmental Performance Index at: Welcome | Environmental Performance Index (yale.edu) 22 National Climate Change Secretariat, “Singapore’s Climate Action Plan”, (2016), at: 1545Climate_Action_Plan_Publication_Part_1.pdf (un.org) 23 Ibid 24 Energy Market Authority at: The Future of Singapore's Energy Story | EMA Singapore 6 Second-Party Opinion Green Financing Framework Contribution to SDGs The Sustainable Development Goals (SDGs) were set in September 2015 by the United Nations General Assembly and form an agenda for achieving sustainable development by the year 2030. Sustainalytics is of the opinion that the bonds and loans issued under the Green Financing Framework advances the following SDG and targets: Use of Proceeds Category Clean Transportation Energy Efficiency SDG 11. Sustainable Cities and Communities 7. Affordable and Clean Energy SDG target 11.2 By 2030, provide access to safe, affordable, accessible and sustainable transport systems for all, improving road safety, notably by expanding public transport, with special attention to the needs of those in vulnerable situations, women children, persons with disabilities and older persons. 7.3. By 2030, double the global rate of improvement in energy efficiency. Green Buildings Renewable Energy 9. Industry, Innovation and Infrastructure 11. Sustainable Cities and Communities 7. Affordable and Clean Energy 9.4 By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities 11.3 By 2030, enhance inclusive and sustainable urbanization and capacity for participatory, integrated and sustainable human settlement planning and management in all countries. 7.1. By 2030, ensure universal access to affordable, reliable and modern energy services. 9. Industry, Innovation and Infrastructure 9.4 By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities Conclusion Singapore Power Limited has developed the Green Financing Framework under which it will issue green financing instruments and the use of proceeds to finance or refinance Clean Transportation, Energy Efficiency, Green Buildings, Renewable Energy projects. Sustainalytics considers that the projects funded by the proceeds can be expected to improve energy efficiency and reduce the carbon footprint of the Company’s and its customers’ operations. The Green Financing Framework outlines a process by which proceeds will be tracked, allocated, and managed, and commitments have been made for reporting on the allocation and impact of the use of proceeds. Furthermore, Sustainalytics believes that the Green Financing Framework is aligned with the overall sustainability strategy of the company and that the green use of proceeds categories will contribute to the advancement of the UN Sustainable Development Goals 7, 9 and 11. Additionally, Sustainalytics is of the opinion that SP Group has adequate measures to identify, manage and mitigate environmental and social risks commonly associated with the eligible projects funded by the use of proceeds. 7 Second-Party Opinion Green Financing Framework Based on the above, Sustainalytics is confident that Singapore Power Limited is well-positioned to issue green financing instruments and that the Green Financing Framework is robust, transparent, and in alignment with the four core components of the Green Bond Principles 2018, Green Loan Principles 2020 and ASEAN Green Bond Standards. Appendices Appendix 1: Singapore BCA Green Mark Certification Scheme Singapore BCA Green Mark 28 Background Certification levels Areas of Assessment Requirements The BCA Green Mark Scheme provides real estate certifications in Singapore to promote sustainability in the built environment during project conceptualisation and design, as well as during construction. Certified Gold Gold Plus Platinum • Climate Responsive Design • Building Energy Performance • Resource Stewardship • Smart and Healthy Buildings • Advanced Green Efforts Prerequisites (independent of level of certification) and point score. Prerequisites for each performance area to demonstrate minimum criteria met. Numerical scores achieved in accordance with the criteria in each performance area. Performance Areas have different weights. Depending on the level of building performance and numerical score achieved in performance area, building’s level of certification is determined. Assessment of compliance with Green Mark criteria is done by the Singapore Building and Construction Authority (BCA). Performance display Appendix 2: Alignment to the ASEAN Green Bond Standards ASEAN Green Bond Standards’ Criteria Alignment with ASEAN GBS Sustainalytics’ comments on alignment with the ASEAN Green Bond Standards. Eligibility Yes The AGBS requires that issuers must be located in or that the proceeds be directed to assets in an ASEAN country. As a Singapore -based institution, Singapore Power Group qualifies. Use of Proceeds Yes The AGBS offers specific clarification that fossil fuel power generation projects are excluded; Singapore Power Limited has confirmed that net proceeds are excluded from the Framework and should not be used towards financing or refinancing of fossil fuel related assets and activities. 8 Second-Party Opinion Green Financing Framework Process for Project Evaluation and Selection Management of Proceeds Yes The AGBS specifies information that must be clearly communicated to investors before issuance regarding project selection. Within its framework, Singapore Power has described that the company’s Treasury team will select projects, and that its Chief Financial Officer will make the final approval. Yes The AGBS mandates that proceeds must be appropriately tracked and that temporary investments be disclosed. Within its framework, Singapore Power disclosed that the green finance instruments will be managed and tracked by an internal system, where Eligible Projects will be added to the extent required to ensure that an amount equal to the net proceeds from outstanding Green Financing Instruments will be allocated to projects until maturity of the instruments. Pending full allocation, the unallocated green bond proceeds will be held in cash or cash equivalents. Reporting Yes The AGBS requires annual reporting on the allocation of funds and the expected impacts. Singapore Power states that it will provide an annual allocation report until full allocation and commits to report on the impact of the use of proceeds, where feasible, on an annual basis. Annual Review Yes The AGBS encourages, but does not require, annual reviews. The Company intends to report on the allocation and impact of proceeds on its website on an annual basis, while noting that there is no primary intention to engage an external auditor to provide independent verification on reporting. Appendix 3: Green Bond / Green Bond Programme - External Review Form Section 1. Basic Information Issuer name: Singapore Power Limited Green Bond ISIN or Issuer Green Bond Framework Name, if applicable: Green Financing Framework Review provider’s name: Sustainalytics Completion date of this form: February 24, 2021 Publication date of review publication: Section 2. Review overview SCOPE OF REVIEW The following may be used or adapted, where appropriate, to summarise the scope of the review. The review assessed the following elements and confirmed their alignment with the GBP: ☒ Use of Proceeds ☒ Process for Project Evaluation and Selection ☒ Management of Proceeds ☒ Reporting 9 Second-Party Opinion Green Financing Framework ROLE(S) OF REVIEW PROVIDER ☒ Consultancy (incl. 2 nd opinion) ☐ Certification ☐ Verification ☐ Rating ☐ Other (please specify): Note: In case of multiple reviews / different providers, please provide separate forms for each review. EXECUTIVE SUMMARY OF REVIEW and/or LINK TO FULL REVIEW (if applicable) Please refer to Evaluation Summary above. Section 3. Detailed review Reviewers are encouraged to provide the information below to the extent possible and use the comment section to explain the scope of their review. 1. USE OF PROCEEDS Overall comment on section (if applicable): The eligible categories for the use of proceeds - Clean Transportation, Energy Efficiency, Green Buildings, Renewable Energy – are aligned with those recognized by the Green Bond Principles 2018,the Green Loan Principles 2020 and ASEAN Green Bond Standards. Sustainalytics considers that the eligible categories are expected to improve energy efficiency and reduce the carbon footprint of the Company’s and its customers’ operations which are primarily based in Asia currently and advance the UN Sustainable Development Goals (SDGs), specifically SDGs 7, 9 and 11. Use of proceeds categories as per GBP: ☒ Renewable energy ☒ Energy efficiency ☐ Pollution prevention and control ☐ Environmentally sustainable management of living natural resources and land use ☐ Terrestrial and aquatic biodiversity conservation ☒ Clean transportation ☐ Sustainable water and wastewater management ☐ Climate change adaptation ☐ Eco-efficient and/or circular economy adapted products, production technologies and processes ☒ Green buildings ☐ Unknown at issuance but currently expected to conform with GBP categories, or other eligible areas not yet stated in GBP ☐ Other (please specify): 10 Second-Party Opinion Green Financing Framework If applicable please specify the environmental taxonomy, if other than GBP: 2. PROCESS FOR PROJECT EVALUATION AND SELECTION Overall comment on section (if applicable): SP Group’s Treasury Team will be responsible for identifying, selecting and monitoring Eligible Projects. The team will be responsible for ensuring that selected projects are aligned with the Framework eligibility criteria. The final approval will be made by the Chief Financial Officer. Sustainalytics considers the project selection process in line with market practice. Evaluation and selection ☒ Credentials on the issuer’s environmental sustainability objectives ☒ Documented process to determine that projects fit within defined categories ☒ Defined and transparent criteria for projects eligible for Green Bond proceeds ☐ Documented process to identify and manage potential ESG risks associated with the project ☐ Summary criteria for project evaluation and selection publicly available ☐ Other (please specify): Information on Responsibilities and Accountability ☐ Evaluation / Selection criteria subject to external advice or verification ☒ In-house assessment ☐ Other (please specify): 3. MANAGEMENT OF PROCEEDS Overall comment on section (if applicable): SP Group uses an internal register to track the net proceeds from green bonds and loans, managed by the Treasury Team. Pending full allocation, any unallocated proceeds will be invested in cash, cash equivalents or liquid marketable instruments at SP Group’s discretion, as per SP Group’s treasury policy. This is aligned with current market practices. Tracking of proceeds: ☒ Green Bond proceeds segregated or tracked by the issuer in an appropriate manner ☒ Disclosure of intended types of temporary investment instruments for unallocated proceeds ☐ Other (please specify): 11 Second-Party Opinion Green Financing Framework Additional disclosure: ☐ Allocations to future investments only ☒ Allocations to both existing and future investments ☐ Allocation to individual disbursements ☐ Allocation to a portfolio of disbursements ☒ Disclosure of portfolio balance of unallocated proceeds ☐ Other (please specify): 4. REPORTING Overall comment on section (if applicable): The Company intends to report on the allocation and impact of proceeds on its website on an annual basis until full allocation. Allocation reporting will include (i) the amounts allocated in the respective Eligible Green Categories, (ii) description of key Eligible Projects funded by the Green Financing Instrument proceeds, (iii) the proportion of new financing versus refinancing, and (iv) the balance of unallocated proceeds. In addition, SP Group is committed to reporting on relevant impact metrics. Sustainalytics views Singapore Power Limited ’s allocation and impact reporting as aligned with market practice. Use of proceeds reporting: ☐ Project-by-project ☒ On a project portfolio basis ☐ Linkage to individual bond(s) ☒ Other (please specify): Information reported: ☒ Allocated amounts ☐ Green Bond financed share of total investment ☒ Other (please specify): description of key Eligible Projects funded by the Green Financing Instrument proceeds, the proportion of new financing versus refinancing and the balance of unallocated proceeds Frequency: ☒ Annual ☐ Semi-annual ☐ Other (please specify): Impact reporting: ☐ Project-by-project ☒ On a project portfolio basis ☐ Linkage to individual bond(s) ☒ Other (please specify): 12 Second-Party Opinion Green Financing Framework Information reported (expected or ex-post): ☒ GHG Emissions / Savings ☒ Energy Savings ☐ Decrease in water use ☒ Other ESG indicators (please specify): Where feasible, number of charging points installed, number of clean vehicles in fleet, number of buildings connected to district cooling network, energy efficiency factor, installed capacity (RT), number of green buildings certified, energy performance and renewable energy generation. Frequency ☒ Annual ☐ Semi-annual ☐ Other (please specify): Means of Disclosure ☐ Information published in financial report ☐ Information published in sustainability report ☐ ☐ Information published in ad hoc documents ☒ Other (please specify): Company’s website Reporting reviewed (if yes, please specify which parts of the reporting are subject to external review): Where appropriate, please specify name and date of publication in the useful links section. USEFUL LINKS (e.g. to review provider methodology or credentials, to issuer’s documentation, etc.) SPECIFY OTHER EXTERNAL REVIEWS AVAILABLE, IF APPROPRIATE Type(s) of Review provided: ☐ Consultancy (incl. 2 nd opinion) ☐ Certification ☐ Verification / Audit ☐ Rating ☐ Other (please specify): Review provider(s): Date of publication: ABOUT ROLE(S) OF INDEPENDENT REVIEW PROVIDERS AS DEFINED BY THE GBP i. Second-Party Opinion: An institution with environmental expertise, that is independent from the issuer may issue a Second-Party Opinion. The institution should be independent from the issuer’s adviser for its Green Bond framework, or appropriate procedures, such as information barriers, will have been implemented within 13 Second-Party Opinion Green Financing Framework the institution to ensure the independence of the Second-Party Opinion. It normally entails an assessment of the alignment with the Green Bond Principles. In particular, it can include an assessment of the issuer’s overarching objectives, strategy, policy and/or processes relating to environmental sustainability, and an evaluation of the environmental features of the type of projects intended for the Use of Proceeds. ii. iii. iv. Verification: An issuer can obtain independent verification against a designated set of criteria, typically pertaining to business processes and/or environmental criteria. Verification may focus on alignment with internal or external standards or claims made by the issuer. Also, evaluation of the environmentally sustainable features of underlying assets may be termed verification and may reference external criteria. Assurance or attestation regarding an issuer’s internal tracking method for use of proceeds, allocation of funds from Green Bond proceeds, statement of environmental impact or alignment of reporting with the GBP, may also be termed verification. Certification: An issuer can have its Green Bond or associated Green Bond framework or Use of Proceeds certified against a recognised external green standard or label. A standard or label defines specific criteria, and alignment with such criteria is normally tested by qualified, accredited third parties, which may verify consistency with the certification criteria. Green Bond Scoring/Rating: An issuer can have its Green Bond, associated Green Bond framework or a key feature such as Use of Proceeds evaluated or assessed by qualified third parties, such as specialised research providers or rating agencies, according to an established scoring/rating methodology. The output may include a focus on environmental performance data, the process relative to the GBP, or another benchmark, such as a 2-degree climate change scenario. Such scoring/rating is distinct from credit ratings, which may nonetheless reflect material environmental risks. 14 Second-Party Opinion Green Financing Framework Disclaimer Copyright ©2021 Sustainalytics. All rights reserved. The information, methodologies and opinions contained or reflected herein are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data), and may be made available to third parties only in the form and format disclosed by Sustainalytics, or provided that appropriate citation and acknowledgement is ensured. They are provided for informational purposes only and (1) do not constitute an endorsement of any product or project; (2) do not constitute investment advice, financial advice or a prospectus; (3) cannot be interpreted as an offer or indication to buy or sell securities, to select a project or make any kind of business transactions; (4) do not represent an assessment of the issuer’s economic performance, financial obligations nor of its creditworthiness; and/or (5) have not and cannot be incorporated into any offering disclosure. 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The issuer is fully responsible for certifying and ensuring the compliance with its commitments, for their implementation and monitoring. In case of discrepancies between the English language and translated versions, the English language version shall prevail. 15 Second-Party Opinion Green Financing Framework About Sustainalytics, a Morningstar Company Sustainalytics, a Morningstar Company, is a leading ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies. The firm works with hundreds of the world’s leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. The world’s foremost issuers, from multinational corporations to financial institutions to governments, also rely on Sustainalytics for credible second-party opinions on green, social and sustainable bond frameworks. 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Second-Party Opinion Singapore Power Limited Green Financing Framework Evaluation Summary Sustainalytics is of the opinion that the Singapore Power Limited Green Financing Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2018, the Green Loan Principles 2020 and ASEAN Green Bond Standards. This assessment is based on the following: The eligible categories for the use of proceeds – Clean Transportation, Energy Efficiency, Green Buildings, Renewable Energy – are aligned with those recognized by the Green Bond Principles 2018, the Green Loan Principles 2020 and ASEAN Green Bond Standards. Sustainalytics considers that the eligible categories are expected to improve energy efficiency and reduce the carbon footprint of the Company’s and its customers’ operations while advancing the UN Sustainable Development Goals (SDGs), specifically SDGs 7, 9 and 11. SP Group’s Treasury Team will be responsible for identifying, selecting and monitoring Eligible Projects. The team will be responsible for ensuring that selected projects are aligned with the Framework eligibility criteria. The final approval will be made by the Chief Financial Officer. Sustainalytics considers the project selection process in line with market practice. SP Group uses an internal register to track the net proceeds from green bonds and loans, managed by the Treasury Team. Pending full allocation, any unallocated proceeds will be invested in cash, cash equivalents or liquid marketable instruments at SP Group’s discretion, as per SP Group’s treasury policy. This is aligned with current market practices. The Company intends to report on the allocation and impact of proceeds on its website on an annual basis until full allocation. Allocation reporting will include (i) the amounts allocated in the respective Eligible Green Categories, (ii) description of key Eligible Projects funded by the Green Financing Instrument proceeds, (iii) the proportion of new financing versus refinancing, and (iv) the balance of unallocated proceeds. In addition, SP Group is committed to reporting on relevant impact metrics. Sustainalytics views Singapore Power Limited’s allocation and impact reporting as aligned with market practice. Evaluation date March 10, 2021 Issuer Location Report Sections Singapore, Singapore Introduction .................................................. 2 Sustainalytics’ Opinion ................................ 3 Appendices .................................................. 8 For inquiries, contact the Sustainable Finance Solutions project team: Begum Gursoy (Amsterdam) Project Manager begum.gursoy@morningstar.com (+31) 20 205 0082 Aoife McCarthy (Amsterdam) Project Support aoife.mccarthy@morningstar.com (+31) 20 299 4690 Marika Stocker (Singapore) Project Support marika.stocker@morningstar.com (+65) 31576881 Nicholas Gandolfo (Singapore) Client Relations susfinance.apac@morningstar.com (+852) 3008 2391 Alignment with ASEAN Green Bond Standards The ASEAN Green Bond Standards provide guidance to issuers and communicate more specifically what the issuer should do to issue a credible green bond within Southeast Asia. Sustainalytics is of the opinion that the green categories under the Singapore Power Limited Green Financing Framework align with the ASEAN Green Bond Standards. © Sustainalytics 2021 Second-Party Opinion Green Financing Framework Introduction Singapore Power Limited (“SP Group”, or the “Company”) owns and operates electricity and gas transmission and distribution businesses and a market support services business in Singapore. SP Group holds an interest in two Australian companies engaged in the transmission and distribution of electricity and gas in Australia. The Company also owns and operates district cooling networks in Singapore and China and has also established heating operations in China. SP Group has developed the Green Financing Framework (the “Framework”) under which it intends to issue green bonds, green loans, green letter of credit facilities, 1 private placements and other debt-like financing instruments and use the proceeds to finance and refinance, in whole or in part, existing and future projects that are expected to improve energy efficiency and reduce the carbon footprint of the Company’s and its customers’ operations. The Framework defines eligibility criteria in four areas: 1. Clean Transportation 2. Energy Efficiency 3. Green Buildings 4. Renewable Energy SP Group engaged Sustainalytics to review the Green Financing Framework, dated March 2021, and provide a Second-Party Opinion on the Framework’s environmental credentials and its alignment with the Green Bond Principles 2018 (GBP) 2 , the Green Loan Principles 2020 (GLP) 3 and ASEAN Green Bond Standards (AGBS). 4 This Framework has been published in a separate document. 5 Scope of work and limitations of Sustainalytics’ Second-Party Opinion Sustainalytics’ Second-Party Opinion reflects Sustainalytics’ independent 6 opinion on the alignment of the reviewed Framework with the current market standards and the extent to which the eligible project categories are credible and impactful. As part of the Second-Party Opinion, Sustainalytics assessed the following: • The Framework’s alignment with the Green Bond Principles 2018, as administered by ICMA, the Green Loan Principles 2020, as administered by LMA, APLMA and LSTA 7 ,and ASEAN Green Bond Standards; • The credibility and anticipated positive impacts of the use of proceeds; and • The alignment of the issuer’s sustainability strategy and performance and sustainability risk management in relation to the use of proceeds. For the use of proceeds assessment, Sustainalytics relied on its internal taxonomy, version 1.7.1, which is informed by market practice and Sustainalytics’ expertise as an ESG research provider. As part of this engagement, Sustainalytics held conversations with various members of SP Group’s management team to understand the sustainability impact of their business processes and planned use of proceeds, as well as management of proceeds and reporting aspects of the Framework. SP Group representatives have confirmed (1) they understand it is the sole responsibility of SP Group to ensure that the information provided is complete, accurate or up to date; (2) that they have provided Sustainalytics with all 1 Sustainalytics has communicated to the Issuer that either the whole (or a specific tranche) of the RCF should be earmarked against green assets, and can then be drawn down as needed, or each drawdown should be allocated to a specific green expenditure, in order to be aligned with market standards. 2 The Green Bond Principles are administered by the International Capital Market Association and are available at https://www.icmagroup.org/greensocial-and-sustainability-bonds/green-bond-principles-gbp/. 3 The Green Loan Principles are administered by the Loan Market Association, Asia Pacific Loan Market Association and Loan Syndications & Trading Association and are available at https://www.lsta.org/content/green-loan-principles/ 4 The ASEAN Green Bond Standards are administered by the ASEAN Capital Markets Forum, and are available at: http://www.theacmf.org/ACMF/upload/ASEAN_Green_Bond_Standards.pdf 5 The Green Financing Framework is available on Singapore Power Limited ’s website at: https://www.spgroup.com.sg/about-us/investor-relations 6 When operating multiple lines of business that serve a variety of client types, objective research is a cornerstone of Sustainalytics and ensuring analyst independence is paramount to producing objective, actionable research. Sustainalytics has therefore put in place a robust conflict management framework that specifically addresses the need for analyst independence, consistency of process, structural separation of commercial and research (and engagement) teams, data protection and systems separation. Last but not the least, analyst compensation is not directly tied to specific commercial outcomes. One of Sustainalytics’ hallmarks is integrity, another is transparency. 7 In addition to the Loan Markets Association, the GLP are also administered by the Asia Pacific Loan Market Association and the Loan Syndications & Trading Association 2 Second-Party Opinion Green Financing Framework relevant information and (3) that any provided material information has been duly disclosed in a timely manner. Sustainalytics also reviewed relevant public documents and non-public information. This document contains Sustainalytics’ opinion of the Framework and should be read in conjunction with that Framework. Any update of the present Second-Party Opinion will be conducted according to the agreed engagement conditions between Sustainalytics and SP Group. Sustainalytics’ Second-Party Opinion, while reflecting on the alignment of the Framework with market standards, is no guarantee of alignment nor warrants any alignment with future versions of relevant market standards. Furthermore, Sustainalytics’ Second-Party Opinion addresses the anticipated impacts of eligible projects expected to be financed with bond and loan proceeds but does not measure the actual impact. The measurement and reporting of the impact achieved through projects financed under the Framework is the responsibility of the Framework owner. In addition, the Second-Party Opinion opines on the potential allocation of proceeds but does not guarantee the realized allocation of the bond and loan proceeds towards eligible activities. No information provided by Sustainalytics under the present Second-Party Opinion shall be considered as being a statement, representation, warrant or argument, either in favour or against, the truthfulness, reliability or completeness of any facts or statements and related surrounding circumstances that SP Group has made available to Sustainalytics for the purpose of this Second-Party Opinion. Sustainalytics’ Opinion Section 1: Sustainalytics’ Opinion on the Green Financing Framework Sustainalytics is of the opinion that the Green Financing Framework is credible and impactful and aligns with the four core components of the GBP, GLP and AGBS. Sustainalytics highlights the following elements of SP Group’s Green Bond Framework: • Use of Proceeds: - The eligible categories – (i) Clean Transportation, (ii) Energy Efficiency, (iii) Green Buildings, (iv) Renewable Energy – are aligned with those recognized by the GBP, GLP, and the AGBS. Sustainalytics believes that the eligible categories can be expected to provide environmental benefits such as improved energy efficiency and reduced carbon footprint to the Company’s and its customers’ operations, which are primarily based in Asia currently. - SP Group has established a look-back period of 36 months from the initial date of the Green Financing Instrument transaction, which Sustainalytics considers to be in line with market practice. - SP Group has clarified that the Company intends to invest primarily in CAPEX activities of eligible categories under the Framework. - Under the “Renewable Energy” category, the Company may finance the generation, storage, transmission and distribution of renewable energy such as solar energy, including solar photovoltaics and concentrated solar power (“CSP”), onshore and offshore wind, small scale hydropower (below 25MW) and geothermal projects with direct emissions below 100g CO2/kWh. • SP Group has confirmed that all transmission and distribution projects will be dedicated to either connecting renewable energy to the power grid or reducing the curtailment of renewable energy into the grid. • Regarding CSP, SP Group has confirmed that these projects will be limited to those that obtain around 85% of electricity from solar energy sources. • With respect to hydropower projects, SP Group has confirmed to Sustainalytics that, when required by laws and regulations, a social and environmental impact assessment and controversy check will be carried out to ensure intended projects do not negatively impact their surroundings or communities. Sustainalytics encourages the Company to 3 Second-Party Opinion Green Financing Framework make every effort to ensure that social and environmental risks are assessed and considered for every project. - Under the “Energy Efficiency” category, SP Group intends to invest in district heating and cooling solutions, microgrids and energy storage systems. • For district heating and cooling systems, SP Group has clarified that intended projects include the installation of electric-powered centralized air conditioning systems that aim to provide energy efficiency through the centralized production of chilled water connected to commercial buildings. 8 While Sustainalytics notes that district heating and cooling distribution network systems primarily powered by renewables are preferred in the market, Sustainalytics recognizes the importance of improving energy efficiency of air conditioning systems, 9 and encourages SP Group to report on the impact achieved. • SP Group has confirmed with Sustainalytics that energy storage systems will include battery storage and power-to-hydrogen using electrolysis. • Regarding microgrids, the Company has confirmed that this category will include investments in production, storage, transmission and distribution of renewable energy sources described in the Framework. - Under the “Green Buildings” category, the Company may invest in residential and commercial buildings that have received the third-party certification, Singapore’s BCA Green Mark (Gold or above) or equivalent. See Appendix 1 for Sustainalytics analysis of this certification scheme. - SP Group follows the International Finance Corporation (“IFC”) Exclusion List (2007) in determining the excluded assets and projects under the Framework, such as the transmission of energy from fossil fuels. • Project Evaluation and Selection: - SP Group’s Treasury Team will be responsible for identifying, selecting, and monitoring Eligible Projects. The team will conduct an annual review of Green Financing Instruments (“GFI”) to monitor allocation of proceeds and assess eligibility of existing assets to ensure that they continue to align with use of proceeds criteria outlined within the Framework. Ultimately the Chief Financial Officer has the right of veto decisions made by the Treasury Team in this process. - Based on these elements, Sustainalytics considers this process to be in line with market practice. • Management of Proceeds: - SP Group will establish a green financing register to monitor and track the proceeds of the GFI and allocate proceeds under eligible green categories. SP Group intends to maintain a level of allocation which matches or exceeds the balance of net proceeds from its outstanding GFI. Pending full allocation, unallocated proceeds will be temporarily invested in cash, cash equivalents, or liquid marketable instruments as per the Company’s treasury policy and exclusion criteria. SP Group has confirmed with Sustainalytics that for any revolving credit facilities funded, SP Group will assess drawdowns according to the Eligible Projects criteria. - Based on these elements, Sustainalytics considers this process to be in line with market practice. • Reporting: - The Company is committed to reporting on the allocation and impact of its proceeds, through a green financing report, made available to investors and lenders within one year from the date of issuance of the GFI and until the proceeds are fully allocated. Reports will be made available on the Group’s website. Allocation reporting will include (i) the amounts allocated in the respective eligible green categories (ii) description of key Eligible Projects funded by the GFI proceeds, (iii) the proportion of new financing versus refinancing, and (iv) the balance of unallocated proceeds. - As part of its impact reporting, SP Group will draw on several indicators, including annual GHG emissions reduced or avoided (in CO 2 tons or equivalent), annual energy savings (in MWh/GWh/GJ/TJ), number of charging points installed, and number of buildings connected to district cooling network. 8 SP Group, District Cooling and Heating, at: Cooling & Heating (spgroup.com.sg). 9 Solving the Global Cooling Problem, Press Release, at: Solving the Global Cooling Problem (bloombergquint.com). 4 Second-Party Opinion Green Financing Framework Based on these elements, Sustainalytics considers this process to be in line with market practice. Alignment with Green Bond Principles 2018, Green Loan Principles 2020 and ASEAN Green Bond Standards Sustainalytics has determined that the Green Financing Framework aligns to the four core components of the GBP and GLP and with the AGBS. For detailed information please refer to Appendix 2: Green Bond/Green Bond Programme External Review Form. The ASEAN Green Bond Standards provide guidance to issuers and communicate more specifically what an issuer should do to issue a credible green bond within Asia. Sustainalytics is of the opinion that the Singapore Power Limited Green Bond Framework aligns with the ASEAN Green Bond Standards 2018. See Appendix 3: Alignment to the ASEAN Green Bond Standards. Section 2: Sustainability Strategy of SP Group Contribution of framework to Singapore Power Limited ’s sustainability strategy Sustainalytics is of the opinion that SP Group demonstrates commitment to sustainability with a focus on three key environmental areas: (i) Energy Efficiency, (ii) Renewable Energy, (iii) Energy Access. Coming from the energy utilities sector, SP Group’s sustainability strategy is anchored around SDG 7, affordable and clean energy. The Company has identified three strategic areas to achieve the targets of SDG 7: Network Reliability, Innovation and Customer Empowerment. 10 Part of the strategy is the “30-30-30” target which comprises a 30% carbon footprint reduction by 2030 (FY2018/2019 has been set as the baseline year) To achieve that goal, the Company identified industry collaboration in energy technology and investments in energy infrastructure as the key enablers. 11 As an example, SP Group is providing the Singapore Institute of Technology with a multi-energy urban microgrid at the university’s upcoming Punggol campus, enabling it to be the first microgrid in Southeast Asia. 12 In 2019, the company undertook a data collection exercise to calculate the greenhouse gas emissions following the principles in the Greenhouse Gas Protocol. 13 The Greenhouse Gas Protocol establishes global standardized frameworks to measure and manage GHG emissions from private and public sector operations, value chains and mitigation actions. 14 SP Group is measuring the absolute tons of CO 2 emissions for Scope 1 and Scope 2. In FY2019/2020 the company avoided CO 2 emissions of more than 29,000 tons of carbon dioxide equivalent. (tonnesCO 2e). The avoided emissions demonstrated a 19% increase compared to the baseline year of FY2018/2019. Sustainalytics is of the opinion that the Green Financing Framework is aligned with the company’s overall sustainability strategy and initiatives and will further the Company’s action on its key environmental priorities. Well-positioned to address common environmental and social risks associated with the projects While Sustainalytics recognizes that the net proceeds from the bonds and loans issued under the Framework will be directed towards eligible projects that are recognized by the GBP and GLP to have positive environmental impacts, Sustainalytics is aware that such eligible projects could also lead to negative environmental and social outcomes. Some key environmental and social risks associated with the eligible projects could include occupational health and safety, community relations/stakeholder participation, land use and biodiversity issues associated with large-scale infrastructure development, and waste generated in construction. SP Group has obtained Group-level certification on ISO 45001:2018 Occupational Health and Safety (“OHS”) Management Systems which aims to enable organizations to provide safe and healthy workplaces by preventing work-related injury and ill health, eliminate hazards and risks, as well as by proactively improving its OHS performance. Furthermore, in order to ensure adequate workplace safety and health for contractors’, the Company requires the implementation of the minimum bizSAFE Level 4 certification and safety requirements for its engineering, construction and building operations in Singapore. bizSAFE is a nationally recognized capability building program to help companies build workplace safety and health capabilities. 15 In 10 Singapore Power Limited, “Sustainability Report”, (FY2019/2020), at: SP Group Sustainability Review FY2019-2020 11 Ibid 12 Ibid 13 Ibid 14 Greenhouse Gas Protocol at: About Us | Greenhouse Gas Protocol (ghgprotocol.org) 15 SP Group at: Procurement (spgroup.com.sg) 5 Second-Party Opinion Green Financing Framework addition, the Company established a Contractor Performance Management System to work with contractors to raise safety and quality standards. This framework adopts a holistic approach in reviewing contractors’ overall performance and encourages contractors to improve their safety measures on a continuous basis. Sustainalytics recognizes the importance of the above-mentioned risk mitigation measures in addressing health and safety risks and encourages the Company, where feasible, to implement and report on further measures to strengthen its risk management practices, especially in the areas of waste management, community relations, land use and biodiversity. Section 3: Impact of Use of Proceeds All four use of proceeds categories are aligned with those recognized by the GBP, GLP and the AGBS. Sustainalytics has focused on three below where the impact is specifically relevant in the local context. Importance of renewable energy and energy efficiency in the APAC region and Singapore APAC countries account for about 53% of global GHG emissions with an increasing rate of 4% per year over the past two decades. 16 The surge in energy emissions stems from an increased energy demand in APAC due to the population growth and urbanization in the region. The International Renewable Energy Agency (IRENA) states that more than 50% of global energy consumption comes from APAC countries of which 85% is originated from fossil fuels. 17 The UN Economic and Social Council identified energy efficiency as vital to curbing the energy demand in APAC as it contributes largely to the potential for reducing GHG emissions. They suggest that policy frameworks would benefit from strengthening energy efficiency and encouraging the uptake of renewable energy. 18 To allow for a successful energy transition in APAC, it is crucial to replace coal as the leading source of meeting the growing energy demand. From 2006 to 2016 the annual coal consumption in APAC increased by 3.1% 19 , indicating the importance of increasing the energy mix towards renewable energy projects to support the decarbonization of economies. Singapore accounts for about 0.11% of global emissions and is ranked 14 th out of 180 countries in the 2016 Environmental Performance Index (EPI), making it the top-ranked country in Asia. 20 The EPI ranks 180 countries on environmental health and ecosystem vitality. 21 In 2015, Singapore pledged to reduce emissions intensity by 36% from 2005 levels by 2030 and stabilize emissions with the aim of peaking around 2030. 22 Nevertheless, the country is a low-lying island state, which is vulnerable to several climate change consequences like flash floods, dry-spells and rising sea levels. Therefore, in 2016, Singapore announced the Climate Action Plan: Take Action Today, for a Carbon-Efficient Singapore outlaying four strategies: 1) improving energy efficiency, 2) reduce carbon emissions from power generation, 3) develop and demonstrate cuttingedge low-carbon technologies and 4) collective action of government agencies, individuals, business and the community. The country’s GHG emissions in 2012 were 49 million tons CO 2-equivalent. The largest shares of primary emissions come from power (43%), industry (41%) and transport (15%). 23 For the emissions coming from power, over 95% of Singapore’s electricity is generated through natural gas and it will continue to be a dominant fuel for the country in the near future (status 2020). In addition, Singapore is switching to renewable energy such as solar and is exploring ways to tap on regional power grids. Moreover, the country is looking into emerging renewable energy solutions such carbon capture, hydrogen and utilization and storage. 24 Sustainalytics considers that SP Group’s investments in energy efficiency and renewable energy will contribute to enhancing Asia’s and Singapore’s position as a low-carbon economy. 16 UN ESCAP, “The Economics of Climate Change in the Asia-Pacific Region”, (2016), at: https://www.unescap.org/sites/default/files/The%20Economics%20of%20Climate%20Change%20%20in%20the%20Asia-Pacific%20region.pdf 17 IRENA, “Asia and Pacific”, at: https://www.irena.org/asiapacific 18 UN Economic and Social Council, “Energy transition in Asia and the Pacific”, (2018), at: Energy transition in Asia and the Pacific: pathways to ensure access to affordable, reliable, sustainable and modern energy for all (unescap.org) 19 UN ESCAP, “Economic and Social Survey of Asia and the Pacific 2020”, (2020), at: https://www.unescap.org/sites/default/files/publications/Economic%20and%20Social%20Survey%20of%20Asia%20and%20the%20Pacific%202020%2 0Towards%20sustainable%20economies.pdf#page=27 20 National Climate Change Secretariat, “Singapore’s Climate Action Plan”, (2016), at: 1545Climate_Action_Plan_Publication_Part_1.pdf (un.org) 21 Environmental Performance Index at: Welcome | Environmental Performance Index (yale.edu) 22 National Climate Change Secretariat, “Singapore’s Climate Action Plan”, (2016), at: 1545Climate_Action_Plan_Publication_Part_1.pdf (un.org) 23 Ibid 24 Energy Market Authority at: The Future of Singapore's Energy Story | EMA Singapore 6 Second-Party Opinion Green Financing Framework Contribution to SDGs The Sustainable Development Goals (SDGs) were set in September 2015 by the United Nations General Assembly and form an agenda for achieving sustainable development by the year 2030. Sustainalytics is of the opinion that the bonds and loans issued under the Green Financing Framework advances the following SDG and targets: Use of Proceeds Category Clean Transportation Energy Efficiency SDG 11. Sustainable Cities and Communities 7. Affordable and Clean Energy SDG target 11.2 By 2030, provide access to safe, affordable, accessible and sustainable transport systems for all, improving road safety, notably by expanding public transport, with special attention to the needs of those in vulnerable situations, women children, persons with disabilities and older persons. 7.3. By 2030, double the global rate of improvement in energy efficiency. Green Buildings Renewable Energy 9. Industry, Innovation and Infrastructure 11. Sustainable Cities and Communities 7. Affordable and Clean Energy 9.4 By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities 11.3 By 2030, enhance inclusive and sustainable urbanization and capacity for participatory, integrated and sustainable human settlement planning and management in all countries. 7.1. By 2030, ensure universal access to affordable, reliable and modern energy services. 9. Industry, Innovation and Infrastructure 9.4 By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities Conclusion Singapore Power Limited has developed the Green Financing Framework under which it will issue green financing instruments and the use of proceeds to finance or refinance Clean Transportation, Energy Efficiency, Green Buildings, Renewable Energy projects. Sustainalytics considers that the projects funded by the proceeds can be expected to improve energy efficiency and reduce the carbon footprint of the Company’s and its customers’ operations. The Green Financing Framework outlines a process by which proceeds will be tracked, allocated, and managed, and commitments have been made for reporting on the allocation and impact of the use of proceeds. Furthermore, Sustainalytics believes that the Green Financing Framework is aligned with the overall sustainability strategy of the company and that the green use of proceeds categories will contribute to the advancement of the UN Sustainable Development Goals 7, 9 and 11. Additionally, Sustainalytics is of the opinion that SP Group has adequate measures to identify, manage and mitigate environmental and social risks commonly associated with the eligible projects funded by the use of proceeds. 7 Second-Party Opinion Green Financing Framework Based on the above, Sustainalytics is confident that Singapore Power Limited is well-positioned to issue green financing instruments and that the Green Financing Framework is robust, transparent, and in alignment with the four core components of the Green Bond Principles 2018, Green Loan Principles 2020 and ASEAN Green Bond Standards. Appendices Appendix 1: Singapore BCA Green Mark Certification Scheme Singapore BCA Green Mark 28 Background Certification levels Areas of Assessment Requirements The BCA Green Mark Scheme provides real estate certifications in Singapore to promote sustainability in the built environment during project conceptualisation and design, as well as during construction. Certified Gold Gold Plus Platinum • Climate Responsive Design • Building Energy Performance • Resource Stewardship • Smart and Healthy Buildings • Advanced Green Efforts Prerequisites (independent of level of certification) and point score. Prerequisites for each performance area to demonstrate minimum criteria met. Numerical scores achieved in accordance with the criteria in each performance area. Performance Areas have different weights. Depending on the level of building performance and numerical score achieved in performance area, building’s level of certification is determined. Assessment of compliance with Green Mark criteria is done by the Singapore Building and Construction Authority (BCA). Performance display Appendix 2: Alignment to the ASEAN Green Bond Standards ASEAN Green Bond Standards’ Criteria Alignment with ASEAN GBS Sustainalytics’ comments on alignment with the ASEAN Green Bond Standards. Eligibility Yes The AGBS requires that issuers must be located in or that the proceeds be directed to assets in an ASEAN country. As a Singapore -based institution, Singapore Power Group qualifies. Use of Proceeds Yes The AGBS offers specific clarification that fossil fuel power generation projects are excluded; Singapore Power Limited has confirmed that net proceeds are excluded from the Framework and should not be used towards financing or refinancing of fossil fuel related assets and activities. 8 Second-Party Opinion Green Financing Framework Process for Project Evaluation and Selection Management of Proceeds Yes The AGBS specifies information that must be clearly communicated to investors before issuance regarding project selection. Within its framework, Singapore Power has described that the company’s Treasury team will select projects, and that its Chief Financial Officer will make the final approval. Yes The AGBS mandates that proceeds must be appropriately tracked and that temporary investments be disclosed. Within its framework, Singapore Power disclosed that the green finance instruments will be managed and tracked by an internal system, where Eligible Projects will be added to the extent required to ensure that an amount equal to the net proceeds from outstanding Green Financing Instruments will be allocated to projects until maturity of the instruments. Pending full allocation, the unallocated green bond proceeds will be held in cash or cash equivalents. Reporting Yes The AGBS requires annual reporting on the allocation of funds and the expected impacts. Singapore Power states that it will provide an annual allocation report until full allocation and commits to report on the impact of the use of proceeds, where feasible, on an annual basis. Annual Review Yes The AGBS encourages, but does not require, annual reviews. The Company intends to report on the allocation and impact of proceeds on its website on an annual basis, while noting that there is no primary intention to engage an external auditor to provide independent verification on reporting. Appendix 3: Green Bond / Green Bond Programme - External Review Form Section 1. Basic Information Issuer name: Singapore Power Limited Green Bond ISIN or Issuer Green Bond Framework Name, if applicable: Green Financing Framework Review provider’s name: Sustainalytics Completion date of this form: February 24, 2021 Publication date of review publication: Section 2. Review overview SCOPE OF REVIEW The following may be used or adapted, where appropriate, to summarise the scope of the review. The review assessed the following elements and confirmed their alignment with the GBP: ☒ Use of Proceeds ☒ Process for Project Evaluation and Selection ☒ Management of Proceeds ☒ Reporting 9 Second-Party Opinion Green Financing Framework ROLE(S) OF REVIEW PROVIDER ☒ Consultancy (incl. 2 nd opinion) ☐ Certification ☐ Verification ☐ Rating ☐ Other (please specify): Note: In case of multiple reviews / different providers, please provide separate forms for each review. EXECUTIVE SUMMARY OF REVIEW and/or LINK TO FULL REVIEW (if applicable) Please refer to Evaluation Summary above. Section 3. Detailed review Reviewers are encouraged to provide the information below to the extent possible and use the comment section to explain the scope of their review. 1. USE OF PROCEEDS Overall comment on section (if applicable): The eligible categories for the use of proceeds - Clean Transportation, Energy Efficiency, Green Buildings, Renewable Energy – are aligned with those recognized by the Green Bond Principles 2018,the Green Loan Principles 2020 and ASEAN Green Bond Standards. Sustainalytics considers that the eligible categories are expected to improve energy efficiency and reduce the carbon footprint of the Company’s and its customers’ operations which are primarily based in Asia currently and advance the UN Sustainable Development Goals (SDGs), specifically SDGs 7, 9 and 11. Use of proceeds categories as per GBP: ☒ Renewable energy ☒ Energy efficiency ☐ Pollution prevention and control ☐ Environmentally sustainable management of living natural resources and land use ☐ Terrestrial and aquatic biodiversity conservation ☒ Clean transportation ☐ Sustainable water and wastewater management ☐ Climate change adaptation ☐ Eco-efficient and/or circular economy adapted products, production technologies and processes ☒ Green buildings ☐ Unknown at issuance but currently expected to conform with GBP categories, or other eligible areas not yet stated in GBP ☐ Other (please specify): 10 Second-Party Opinion Green Financing Framework If applicable please specify the environmental taxonomy, if other than GBP: 2. PROCESS FOR PROJECT EVALUATION AND SELECTION Overall comment on section (if applicable): SP Group’s Treasury Team will be responsible for identifying, selecting and monitoring Eligible Projects. The team will be responsible for ensuring that selected projects are aligned with the Framework eligibility criteria. The final approval will be made by the Chief Financial Officer. Sustainalytics considers the project selection process in line with market practice. Evaluation and selection ☒ Credentials on the issuer’s environmental sustainability objectives ☒ Documented process to determine that projects fit within defined categories ☒ Defined and transparent criteria for projects eligible for Green Bond proceeds ☐ Documented process to identify and manage potential ESG risks associated with the project ☐ Summary criteria for project evaluation and selection publicly available ☐ Other (please specify): Information on Responsibilities and Accountability ☐ Evaluation / Selection criteria subject to external advice or verification ☒ In-house assessment ☐ Other (please specify): 3. MANAGEMENT OF PROCEEDS Overall comment on section (if applicable): SP Group uses an internal register to track the net proceeds from green bonds and loans, managed by the Treasury Team. Pending full allocation, any unallocated proceeds will be invested in cash, cash equivalents or liquid marketable instruments at SP Group’s discretion, as per SP Group’s treasury policy. This is aligned with current market practices. Tracking of proceeds: ☒ Green Bond proceeds segregated or tracked by the issuer in an appropriate manner ☒ Disclosure of intended types of temporary investment instruments for unallocated proceeds ☐ Other (please specify): 11 Second-Party Opinion Green Financing Framework Additional disclosure: ☐ Allocations to future investments only ☒ Allocations to both existing and future investments ☐ Allocation to individual disbursements ☐ Allocation to a portfolio of disbursements ☒ Disclosure of portfolio balance of unallocated proceeds ☐ Other (please specify): 4. REPORTING Overall comment on section (if applicable): The Company intends to report on the allocation and impact of proceeds on its website on an annual basis until full allocation. Allocation reporting will include (i) the amounts allocated in the respective Eligible Green Categories, (ii) description of key Eligible Projects funded by the Green Financing Instrument proceeds, (iii) the proportion of new financing versus refinancing, and (iv) the balance of unallocated proceeds. In addition, SP Group is committed to reporting on relevant impact metrics. Sustainalytics views Singapore Power Limited ’s allocation and impact reporting as aligned with market practice. Use of proceeds reporting: ☐ Project-by-project ☒ On a project portfolio basis ☐ Linkage to individual bond(s) ☒ Other (please specify): Information reported: ☒ Allocated amounts ☐ Green Bond financed share of total investment ☒ Other (please specify): description of key Eligible Projects funded by the Green Financing Instrument proceeds, the proportion of new financing versus refinancing and the balance of unallocated proceeds Frequency: ☒ Annual ☐ Semi-annual ☐ Other (please specify): Impact reporting: ☐ Project-by-project ☒ On a project portfolio basis ☐ Linkage to individual bond(s) ☒ Other (please specify): 12 Second-Party Opinion Green Financing Framework Information reported (expected or ex-post): ☒ GHG Emissions / Savings ☒ Energy Savings ☐ Decrease in water use ☒ Other ESG indicators (please specify): Where feasible, number of charging points installed, number of clean vehicles in fleet, number of buildings connected to district cooling network, energy efficiency factor, installed capacity (RT), number of green buildings certified, energy performance and renewable energy generation. Frequency ☒ Annual ☐ Semi-annual ☐ Other (please specify): Means of Disclosure ☐ Information published in financial report ☐ Information published in sustainability report ☐ ☐ Information published in ad hoc documents ☒ Other (please specify): Company’s website Reporting reviewed (if yes, please specify which parts of the reporting are subject to external review): Where appropriate, please specify name and date of publication in the useful links section. USEFUL LINKS (e.g. to review provider methodology or credentials, to issuer’s documentation, etc.) SPECIFY OTHER EXTERNAL REVIEWS AVAILABLE, IF APPROPRIATE Type(s) of Review provided: ☐ Consultancy (incl. 2 nd opinion) ☐ Certification ☐ Verification / Audit ☐ Rating ☐ Other (please specify): Review provider(s): Date of publication: ABOUT ROLE(S) OF INDEPENDENT REVIEW PROVIDERS AS DEFINED BY THE GBP i. Second-Party Opinion: An institution with environmental expertise, that is independent from the issuer may issue a Second-Party Opinion. The institution should be independent from the issuer’s adviser for its Green Bond framework, or appropriate procedures, such as information barriers, will have been implemented within 13 Second-Party Opinion Green Financing Framework the institution to ensure the independence of the Second-Party Opinion. It normally entails an assessment of the alignment with the Green Bond Principles. In particular, it can include an assessment of the issuer’s overarching objectives, strategy, policy and/or processes relating to environmental sustainability, and an evaluation of the environmental features of the type of projects intended for the Use of Proceeds. ii. iii. iv. Verification: An issuer can obtain independent verification against a designated set of criteria, typically pertaining to business processes and/or environmental criteria. Verification may focus on alignment with internal or external standards or claims made by the issuer. Also, evaluation of the environmentally sustainable features of underlying assets may be termed verification and may reference external criteria. Assurance or attestation regarding an issuer’s internal tracking method for use of proceeds, allocation of funds from Green Bond proceeds, statement of environmental impact or alignment of reporting with the GBP, may also be termed verification. Certification: An issuer can have its Green Bond or associated Green Bond framework or Use of Proceeds certified against a recognised external green standard or label. A standard or label defines specific criteria, and alignment with such criteria is normally tested by qualified, accredited third parties, which may verify consistency with the certification criteria. Green Bond Scoring/Rating: An issuer can have its Green Bond, associated Green Bond framework or a key feature such as Use of Proceeds evaluated or assessed by qualified third parties, such as specialised research providers or rating agencies, according to an established scoring/rating methodology. The output may include a focus on environmental performance data, the process relative to the GBP, or another benchmark, such as a 2-degree climate change scenario. Such scoring/rating is distinct from credit ratings, which may nonetheless reflect material environmental risks. 14 Second-Party Opinion Green Financing Framework Disclaimer Copyright ©2021 Sustainalytics. All rights reserved. The information, methodologies and opinions contained or reflected herein are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data), and may be made available to third parties only in the form and format disclosed by Sustainalytics, or provided that appropriate citation and acknowledgement is ensured. They are provided for informational purposes only and (1) do not constitute an endorsement of any product or project; (2) do not constitute investment advice, financial advice or a prospectus; (3) cannot be interpreted as an offer or indication to buy or sell securities, to select a project or make any kind of business transactions; (4) do not represent an assessment of the issuer’s economic performance, financial obligations nor of its creditworthiness; and/or (5) have not and cannot be incorporated into any offering disclosure. 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Introduction 1 2 Searchhttps://www.spgroup.com.sg/search?tag=year-in-review-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=year-in-review-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps Searchhttps://www.spgroup.com.sg/search?tag=year-in-review-2017 -message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 is the only team from a polytechnic Searchhttps://www.spgroup.com.sg/search programmes SP Group SP has partnered PUB to participate in EMA’s Demand Response DR and Interruptible Load IL programmes. PUB is the first government agency to participate in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release Searchhttps://www.spgroup.com.sg/search?tag=lifelong-learner Load programmes SP Group SP has partnered PUB to participate in EMA’s Demand Response DR and Interruptible Load IL programmes. PUB is the first government agency to participate in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release Searchhttps://www.spgroup.com.sg/search?tag=growing-greener programmes SP Group SP has partnered PUB to participate in EMA’s Demand Response DR and Interruptible Load IL programmes. PUB is the first government agency to participate in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release Searchhttps://www.spgroup.com.sg/search?tag=future-ready talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5, designed and built by the polytechnic’s students to take part in the biennial World Solar Challenge 2017 in Australia this October. SP Group’s sponsorship of $1 million over 5 Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation 1 2 Searchhttps://www.spgroup.com.sg/search?tag=year-in-review-2017 Search Annual Reportshttps://www.spgroup.com.sg/about-us/annual-reports About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Annual Reports Chairman's Message 2023 Forging ahead for a greener future - Click on button below to read our Chairman's Message for the year 2023. Read Chairman's Message SP Group Financial Statements Year ended 31 Mar 2023 SP PowerAssets Limited Financial Statements Year ended 31 Mar 2023 Past Annual Reports Annual Report Year 2021/2022 Annual Report Year 2020/2021 Annual Report Year 2019/2020 Annual Report Year 2018/2019 Annual Report Year 2017/2018 Annual Report Year 2016/2017 Annual Report Year 2015/2016 Annual Report Year 2014/2015 Annual Report Year 2013/2014 Annual Report Year 2012/2013 Annual Report Year 2011/2012 Annual Report Year 2010/2011 Annual Report Year 2009/2010 Annual Report Year 2008/2009 Annual Report Year 2007/2008 Annual Report Year 2006/2007 Annual Report Year 2005/2006 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=year-in-review-2017 /2009 Annual Report Year 2007/2008 Annual Report Year 2006/2007 Annual Report Year 2005/2006 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Report Year 2010/2011 Annual Report Year 2009/2010 Annual Report Year 2008/2009 Annual Report Year 2007/2008 Annual Report Year 2006/2007 Annual Report Year 2005/2006 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 is the only team from Searchhttps://www.spgroup.com.sg/search?tag=growing-greener to participate in EMA’s Demand Response DR and Interruptible Load IL programmes. PUB is the first government agency to participate in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Searchhttps://www.spgroup.com.sg/search?tag=lifelong-learner PUB to participate in EMA’s Demand Response DR and Interruptible Load IL programmes. PUB is the first government agency to participate in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Searchhttps://www.spgroup.com.sg/search?tag=future-ready million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5, designed and built by the polytechnic’s students to take part in the biennial World Solar Challenge 2017 in Australia this October. SP Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation Searchhttps://www.spgroup.com.sg/search?tag=solar and SP Group today unveiled their most advanced solar car, SunSPEC 5 Solar Power – Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/Solar%20Power%20%E2%80%93%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction 1 2 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=year-in-review-2017 /2009 Annual Report Year 2007/2008 Annual Report Year 2006/2007 Annual Report Year 2005/2006 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Report Year 2010/2011 Annual Report Year 2009/2010 Annual Report Year 2008/2009 Annual Report Year 2007/2008 Annual Report Year 2006/2007 Annual Report Year 2005/2006 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 is the only team from Searchhttps://www.spgroup.com.sg/search?tag=growing-greener to participate in EMA’s Demand Response DR and Interruptible Load IL programmes. PUB is the first government agency to participate in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Searchhttps://www.spgroup.com.sg/search?tag=lifelong-learner PUB to participate in EMA’s Demand Response DR and Interruptible Load IL programmes. PUB is the first government agency to participate in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Searchhttps://www.spgroup.com.sg/search?tag=future-ready million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5, designed and built by the polytechnic’s students to take part in the biennial World Solar Challenge 2017 in Australia this October. SP Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation Searchhttps://www.spgroup.com.sg/search?tag=solar and SP Group today unveiled their most advanced solar car, SunSPEC 5 Solar Power – Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/Solar%20Power%20%E2%80%93%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction 1 2 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=year-in-review-2017 Search Annual Reportshttps://www.spgroup.com.sg/about-us/annual-reports About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Annual Reports Chairman's Message 2023 Forging ahead for a greener future - Click on button below to read our Chairman's Message for the year 2023. Read Chairman's Message SP Group Financial Statements Year ended 31 Mar 2023 SP PowerAssets Limited Financial Statements Year ended 31 Mar 2023 Past Annual Reports Annual Report Year 2021/2022 Annual Report Year 2020/2021 Annual Report Year 2019/2020 Annual Report Year 2018/2019 Annual Report Year 2017/2018 Annual Report Year 2016/2017 Annual Report Year 2015/2016 Annual Report Year 2014/2015 Annual Report Year 2013/2014 Annual Report Year 2012/2013 Annual Report Year 2011/2012 Annual Report Year 2010/2011 Annual Report Year 2009/2010 Annual Report Year 2008/2009 Annual Report Year 2007/2008 Annual Report Year 2006/2007 Annual Report Year 2005/2006 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 is the only team from a polytechnic, competing alongside leading global universities such as Stanford University, Cambridge University, and the Massachusetts Institute Searchhttps://www.spgroup.com.sg/search?tag=lifelong-learner in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b Searchhttps://www.spgroup.com.sg/search?tag=growing-greener and Interruptible Load IL programmes. PUB is the first government agency to participate in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Searchhttps://www.spgroup.com.sg/search?tag=future-ready their most advanced solar car, SunSPEC 5, designed and built by the polytechnic’s students to take part in the biennial World Solar Challenge 2017 in Australia this October. SP Group’s sponsorship of $1 million over 5 years for the team’s participation supports the students in developing innovative Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation Searchhttps://www.spgroup.com.sg/search?tag=solar and SP Group today unveiled their most advanced solar car, SunSPEC 5 Solar Power – Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/Solar%20Power%20%E2%80%93%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice 1 2 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic , they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 is the only team from Searchhttps://www.spgroup.com.sg/search?tag=growing-greener in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5 Searchhttps://www.spgroup.com.sg/search?tag=lifelong-learner programmes SP Group SP has partnered PUB to participate in EMA’s Demand Response DR and Interruptible Load IL programmes. PUB is the first government agency to participate in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Searchhttps://www.spgroup.com.sg/search?tag=future-ready for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5, designed and built by the polytechnic’s students to take part in the biennial World Solar Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation Searchhttps://www.spgroup.com.sg/search?tag=solar and SP Group today unveiled their most advanced solar car, SunSPEC 5 Solar Power – Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/Solar%20Power%20%E2%80%93%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice 1 2 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic support the students to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high Searchhttps://www.spgroup.com.sg/search?tag=lifelong-learner ://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore Searchhttps://www.spgroup.com.sg/search?tag=growing-greener . Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5 Searchhttps://www.spgroup.com.sg/search?tag=future-ready RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5, designed Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation Searchhttps://www.spgroup.com.sg/search?tag=solar and SP Group today unveiled their most advanced solar car, SunSPEC 5 Solar Power – Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/Solar%20Power%20%E2%80%93%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice 1 2 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car, SunSPEC 5 Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic , they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 is the only team Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D Searchhttps://www.spgroup.com.sg/search?tag=lifelong-learner ://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore Searchhttps://www.spgroup.com.sg/search?tag=future-ready solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5, designed and built by the polytechnic’s students to take part Searchhttps://www.spgroup.com.sg/search?tag=growing-greener ://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation Searchhttps://www.spgroup.com.sg/search?tag=solar and SP Group today unveiled their most advanced solar car, SunSPEC 5 Solar Power – Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/Solar%20Power%20%E2%80%93%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice 1 2 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car, SunSPEC 5 Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 is the only team from a polytechnic, competing alongside leading global universities Searchhttps://www.spgroup.com.sg/search?tag=lifelong-learner ://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore Searchhttps://www.spgroup.com.sg/search?tag=growing-greener Demand Response and Interruptible Load programmes SP Group SP has partnered PUB to participate in EMA’s Demand Response DR and Interruptible Load IL programmes. PUB is the first government agency to participate in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=sunspec Searchhttps://www.spgroup.com.sg/search?tag=future-ready million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5, designed and built by the polytechnic’s students to take part in the biennial World Solar Challenge 2017 in Australia this October. SP Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation Searchhttps://www.spgroup.com.sg/search?tag=solar and SP Group today unveiled their most advanced solar car, SunSPEC 5 Solar Power – Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/Solar%20Power%20%E2%80%93%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice 1 2 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=sunspec and SP Group today unveiled their most advanced solar car, SunSPEC 5 Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 is the only team from a polytechnic, competing alongside leading global universities such as Stanford University, Cambridge University, and the Massachusetts Institute of Technology Searchhttps://www.spgroup.com.sg/search?tag=future-ready and SP Group today unveiled their most advanced solar car, SunSPEC 5, designed and built by the polytechnic’s students to take part in the biennial World Solar Challenge 2017 in Australia this October. SP Group’s sponsorship of $1 million over 5 years for the team’s participation supports the students Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 =sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch Searchhttps://www.spgroup.com.sg/search?tag=lifelong-learner -us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang Searchhttps://www.spgroup.com.sg/search?tag=growing-greener Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since 2015, helping more than 70 students hone their engineering skills Searchhttps://www.spgroup.com.sg/search?tag=solar and SP Group today unveiled their most advanced solar car, SunSPEC 5 Solar Power – Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/Solar%20Power%20%E2%80%93%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice 1 2 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Annual Reportshttps://www.spgroup.com.sg/about-us/annual-reports About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Annual Reports Chairman's Message 2023 Forging ahead for a greener future - Click on button below to read our Chairman's Message for the year 2023. Read Chairman's Message SP Group Financial Statements Year ended 31 Mar 2023 SP PowerAssets Limited Financial Statements Year ended 31 Mar 2023 Past Annual Reports Annual Report Year 2021/2022 Annual Report Year 2020/2021 Annual Report Year 2019/2020 Annual Report Year 2018/2019 Annual Report Year 2017/2018 Annual Report Year 2016/2017 Annual Report Year 2015/2016 Annual Report Year 2014/2015 Annual Report Year 2013/2014 Annual Report Year 2012/2013 Annual Report Year 2011/2012 Annual Report Year 2010/2011 Annual Report Year 2009/2010 Annual Report Year 2008/2009 Annual Report Year 2007/2008 Annual Report Year 2006/2007 Annual Report Year 2005/2006 Searchhttps://www.spgroup.com.sg/search?tag=chairmains-message-2017 Search Annual Reportshttps://www.spgroup.com.sg/about-us/annual-reports About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Annual Reports Chairman's Message 2023 Forging ahead for a greener future - Click on button below to read our Chairman's Message for the year 2023. Read Chairman's Message SP Group Financial Statements Year ended 31 Mar 2023 SP PowerAssets Limited Financial Statements Year ended 31 Mar 2023 Past Annual Reports Annual Report Year 2021/2022 Annual Report Year 2020/2021 Annual Report Year 2019/2020 Annual Report Year 2018/2019 Annual Report Year 2017/2018 Annual Report Year 2016/2017 Annual Report Year 2015/2016 Annual Report Year 2014/2015 Annual Report Year 2013/2014 Annual Report Year 2012/2013 Annual Report Year 2011/2012 Annual Report Year 2010/2011 Annual Report Year 2009/2010 Annual Report Year 2008/2009 Annual Report Year 2007/2008 Annual Report Year 2006/2007 Annual Report Year 2005/2006 Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation Searchhttps://www.spgroup.com.sg/search?tag=solar and SP Group today unveiled their most advanced solar car, SunSPEC 5 Solar Power – Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/Solar%20Power%20%E2%80%93%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction Searchhttps://www.spgroup.com.sg/search?tag=lifelong-learner -us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice Annual Report Year 2018/2019https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/Annual-Report-Year-20182019.pdf Singapore’s first Smart Grid in a business park, at Punggol Digital District. SP GROUP ANNUAL REPORT 2018/2019 6 Chairman’s Message Singapore Polytechnic and SP Group at the launch of SunSPEC 6 solar car on 30 July 2019. energy suite with AI-enabled technology to monitor and optimise the shipyard’s Annual Report Year 2016/2017https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/Annual-Report-Year-1617.pdf to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students who are part of the solar car team. They will secure jobs at SP Group with customised training and exposure in critical areas such as electricity and gas planning and operations. 15 DRIVING 1 Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/transforming-to-serve-you-better SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Transforming to Serve You Better RELIABILITY In providing customers greater convenience, we aim to deliver a more unified, seamless experience, bringing savings in energy, time and cost. Instrumental in making these possible are digital technologies that will power future-ready solutions. Transforming to serve customers better Singapore Power and all members of the group now serve the public as SP Group. We are transforming to serve customers better. With disruption sweeping through every industry and facet of society, we strive to meet customers’ evolving needs by innovating and building capabilities for the future. Pivotal in realising this goal is bringing our employees from different work locations together in our new premises at Kallang Sector. This enables our people to collaborate and co-create more easily, and reaps savings in property and facilities management at our own building instead of rented offices spaces. Projecting a unified identity as SP Group is also important in providing our customers a seamless, unified experience at all touch points. Our efforts are anchored on our mission to improve quality of life for individuals of all ages, families, industries and the community. Our goal is to empower customers with sustainable lifestyle solutions to meet their needs and aspirations. In fulfilling our commitment, we have upheld strong network performance that enables Singapore to enjoy world-class reliability and efficiency. We have also maintained financial discipline and governance, closing the year on 31 March 2017 with a net profit of S$948.8 million, with our Australian associates contributing S$216.4 million. Going digital to do more with less In providing customers greater convenience, we aim to deliver a more unified, seamless experience, bringing savings in energy, time and cost. Instrumental in making these possible are digital technologies that will power future-ready solutions. Our SP Utilities mobile application is centred on customers’ growing needs and changing lifestyle. Launched in March 2017, SP Utilities enables customers to make transactions on the go, get timely reminders on bill payment, track their utilities consumption and compare it with their past usage as well as that of their neighbours. Progressively, new features are being added, such as the “live” chat for customers to have their queries addressed promptly. This is supported by our one-stop Digital Contact Centre, that also attends to customers on phone calls and email. Digital applications have also transformed the way we carry out our operations. We are better able to perform real-time monitoring of assets and network performance, establish secure protocols, avert interruption and down-time, streamline processes, respond speedily to irregularities, plan efficiently, be responsive to dynamic events and optimise resources for greater productivity and reliability. Our employees have embraced new ways of working, in order to do more with less and bring greater value to customers. They are equipped with digital tools and workspaces to perform their roles and connect with each other and our customers, regardless of where they are. We have continued to build engineering talent and bench strength, with SP’s own EDGE, iGRAD and LEAP scholarships for students in tertiary, polytechnic and technical institutes, as well as incumbent professionals making the transition to higher level responsibilities and roles that have evolved with the changing landscape. In all our undertakings, we keep an unwavering focus on the safety of the public, our staff and contractors. We have strengthened contractor partnership and management programmes to reward good safety practices and encourage improvement in areas we have identified. Powering a greener future We are developing green technologies and adopting more sustainable practices in our operations. In the last year, we started our journey towards converting our service fleet to Electric Vehicles. To maintain the fleet, we have installed a robust network of charging stations at various locations in Singapore. We have also installed solar panels at our headquarters and district offices and developed storage systems to harness and deploy energy efficiently. Our experience will enable us to work with partners in the community to achieve similar sustainable outcomes. For a start, we have helped Bukit Panjang Community Club reduce electricity usage with solar panels and a real-time monitoring system at its premises. In district cooling, where customers have reported savings of up to 40 per cent in energy consumption, we have progressed beyond indoor air-conditioning in commercial buildings at the central business district. We have taken this expertise to Chongqing, China, where we are managing the district cooling system for the new Raffles City Chongqing that is run by CapitaLand. At this year’s National Day Parade, we introduced outdoor cooling facilities, tapping on the same technologies and infrastructure powered by our Singapore District Cooling. We look forward to exploring wider-scale adoption of district cooling in the community. Innovation to deliver greater value To deliver value to our customers for the long-run, it is imperative to invest in projects and partnerships that will nurture the spirit of innovation and test promising ideas. In the past year, we embarked on a collaboration with General Electric to develop Industrial Internet of Things capabilities and intelligent applications to enhance our power network reliability and efficiency. Together with seven other leading international utilities, we are driving the first global utilities accelerator programme, Free Electrons, for start-ups to develop game-changing products. We are also part of a consortium of global energy players to develop blockchain solutions aimed at helping customers achieve energy efficient results. Through the SP Centre of Excellence, we continue to invest in next-generation technologies aimed at helping customers attain a high quality, sustainable way of life. Steady growth and commitment Our journey of transformation is only possible with the right mindset, conviction and commitment to adapt and grow. I thank the Management and staff for their leadership and tireless resolve to transform to serve customers better. I am also grateful to our shareholder, business partners, staff union and regulator, for your partnership that is rooted on our mission to improve quality of life for our customers. To the members of the Board, thank you for your guidance and counsel. In line with our digital focus, I hope you enjoy this interactive review of our performance. Thank you for your support. Mohd Hassan Marican Chairman  August 2017 TAGS CHAIRMAIN'S MESSAGE 2017YEAR IN REVIEW 2017 YOU MIGHT BE INTERESTED TO READ Empowering talent Benjamin Festin describes how SP is constantly designing programmes for employees to grow and upskill, while Muhammad Ariff Bin Ramli shares how he feels empowered to assume greater responsibilities in his job role. Mentor gives out tough assignments to sharpen skills of next generation On any given day, Senior Principal Engineer and Technical Expert Chua Khim Mong, would pose a hypothetical engineering problem in a group chat, challenging his team of technical officers and technicians to solve it. Partnership with PUB in EMA’s Demand Response and Interruptible Load programmes SP Group SP has partnered PUB to participate in EMA’s Demand Response DR and Interruptible Load IL programmes. PUB is the first government agency to participate in the programmes. Category: Reliability Searchhttps://www.spgroup.com.sg/search?tag=year-in-review-2017 Search Annual Reportshttps://www.spgroup.com.sg/about-us/annual-reports About SP GroupBoard of DirectorsExecutive Leadership TeamAwards & AffiliationsAnnual ReportsSustainability Review Annual Reports Chairman's Message 2023 Forging ahead for a greener future - Click on button below to read our Chairman's Message for the year 2023. Read Chairman's Message SP Group Financial Statements Year ended 31 Mar 2023 SP PowerAssets Limited Financial Statements Year ended 31 Mar 2023 Past Annual Reports Annual Report Year 2021/2022 Annual Report Year 2020/2021 Annual Report Year 2019/2020 Annual Report Year 2018/2019 Annual Report Year 2017/2018 Annual Report Year 2016/2017 Annual Report Year 2015/2016 Annual Report Year 2014/2015 Annual Report Year 2013/2014 Annual Report Year 2012/2013 Annual Report Year 2011/2012 Annual Report Year 2010/2011 Annual Report Year 2009/2010 Annual Report Year 2008/2009 Annual Report Year 2007/2008 Annual Report Year 2006/2007 Annual Report Year 2005/2006 Annual Report Year 2016/2017https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/Annual-Report-Year-1617.pdf Transforming to serve you better SP Group Year in Review 2017 A CONTENTS Chairman’s Message Financial Highlights 02 06 07 Enjoy A Seamless, Unified Experience Always Here for You Saving Energy and Cost 08 10 11 A Greener, Cooler World Next-Generation Solutions for Your Future Needs 13 16 Driving Innovation from Within CHAIRMAN’S MESSAGE TRANSFORMING TO SERVE CUSTOMERS BETTER Singapore Power and all members of the group now serve the public as SP Group. We are transforming to serve customers better. With disruption sweeping through every industry and facet of society, we strive to meet customers’ evolving needs by innovating and building capabilities for the future. Pivotal in realising this goal is bringing our employees from different work locations together in our new premises at Kallang Sector. This enables our people to collaborate and co-create more easily, and reaps savings in property and facilities management at our own building instead of rented offices spaces. Projecting a unified identity as SP Group is also important in providing our customers a seamless, unified experience at all touch points. Our efforts are anchored on our mission to improve quality of life for individuals of all ages, families, industries and the community. Our goal is to empower customers with sustainable lifestyle solutions to meet their needs and aspirations. In fulfilling our commitment, we have upheld strong network performance that enables Singapore to enjoy worldclass reliability and efficiency. We have also maintained financial discipline and governance, closing the year on 31 March 2017 with a net profit of S$948.8 million, with our Australian associates contributing S$216.4 million. 02 SP GROUP ANNUAL REPORT 2017 Our goal is to empower customers with sustainable lifestyle solutions to meet their needs and aspirations. In providing customers greater convenience, we aim to deliver a more unified, seamless experience, bringing savings in energy, time and cost. GOING DIGITAL TO DO MORE WITH LESS In providing customers greater convenience, we aim to deliver a more unified, seamless experience, bringing savings in energy, time and cost. Instrumental in making these possible are digital technologies that will power futureready solutions. Our SP Utilities mobile application is centred on customers’ growing needs and changing lifestyle. Launched in March 2017, SP Utilities enables customers to make transactions on the go, get timely reminders on bill payment, track their utilities consumption and compare it with their past usage as well as that of their neighbours. Progressively, new features are being added, such as the “live” chat for customers to have their queries addressed promptly. This is supported by our one-stop Digital Contact Centre, that also attends to customers on phone calls and email. Digital applications have also transformed the way we carry out our operations. We are better able to perform real-time monitoring of assets and network performance, establish secure protocols, avert interruption and down-time, streamline processes, respond speedily to irregularities, plan efficiently, be responsive to dynamic events and optimise resources for greater productivity and reliability. Our employees have embraced new ways of working, in order to do more with less and bring greater value to customers. They are equipped with digital tools and workspaces to perform their roles and connect with each other and our customers, regardless of where they are. The SP Utilities mobile app enables customers to make transactions on the go and track their utilities consumption. 03 CHAIRMAN’S MESSAGE (CONTINUED) Tao Nan School students visit to SP Group’s district cooling plant at Marina Bay. SP Group’s district cooling: Savings of up to 40 % in energy consumption We have continued to build engineering talent and bench strength, with SP’s own EDGE, iGRAD and LEAP scholarships for students in tertiary, polytechnic and technical institutes, as well as incumbent professionals making the transition to higher level responsibilities and roles that have evolved with the changing landscape. In all our undertakings, we keep an unwavering focus on the safety of the public, our staff and contractors. We have strengthened contractor partnership and management programmes to reward good safety practices and encourage improvement in areas we have identified. POWERING A GREENER FUTURE We are developing green technologies and adopting more sustainable practices in our operations. In the last year, we started our journey towards converting our service fleet to Electric Vehicles. To maintain the fleet, we have installed a robust network of charging stations at various locations in Singapore. We have also installed solar panels at our headquarters and district offices and developed storage systems to harness and deploy energy efficiently. Our experience will enable us to work with partners in the community to achieve similar sustainable outcomes. For a start, we have helped Bukit Panjang Community Club reduce electricity usage with solar panels and a real-time monitoring system at its premises. In district cooling, where customers have reported savings of up to 40 per cent in energy consumption, we have progressed beyond indoor airconditioning in commercial buildings at the central business district. We have taken this expertise to Chongqing, China, where we are managing the district cooling system for the new Raffles City Chongqing that is run by CapitaLand. At this year’s National Day Parade, we introduced outdoor cooling facilities, tapping on the same technologies and infrastructure powered by our Singapore District Cooling. We look forward to exploring wider-scale adoption of district cooling in the community. 04 SP GROUP ANNUAL REPORT 2017 INNOVATION TO DELIVER GREATER VALUE To deliver value to our customers for the long-run, it is imperative to invest in projects and partnerships that will nurture the spirit of innovation and test promising ideas. In the past year, we embarked on a collaboration with General Electric to develop Industrial Internet of Things capabilities and intelligent applications to enhance our power network reliability and efficiency. Together with seven other leading international utilities, we are driving the first global utilities accelerator programme, Free Electrons, for start-ups to develop game-changing products. We are also part of a consortium of global energy players to develop blockchain solutions aimed at helping customers achieve energy efficient results. Through the SP Centre of Excellence, we continue to invest in next-generation technologies aimed at helping customers attain a high quality, sustainable way of life. STEADY GROWTH AND COMMITMENT Our journey of transformation is only possible with the right mindset, conviction and commitment to adapt and grow. I thank the Management and staff for their leadership and tireless resolve to transform to serve customers better. I am also grateful to our shareholder, business partners, staff union and regulator, for your partnership that is rooted on our mission to improve quality of life for our customers. To the members of the Board, thank you for your guidance and counsel. In line with our digital focus, I hope you enjoy this interactive review of our performance. Thank you for your support. Mohd Hassan Marican Chairman August 2017 SP Group’s Chief Digital Officer Samuel Tan (seated, right) signing a Memorandum of Understanding with Wouter Van Wersch, President & CEO of GE ASEAN. Witnessing the event are (standing from left) Jeff Immelt, Chairman and then-CEO of GE; Dr Beh Swan Gin, Chairman of Singapore Economic Development Board; and Wong Kim Yin, Group CEO, SP Group. 05 FINANCIAL HIGHLIGHTS Net profit after tax (S$ million) Revenue from continuing operations (S$ million) 991 924 949 4,840 3,964 3,722 FY2014/15 FY2015/16 FY2016/17 FY2014/15 FY2015/16 FY2016/17 Total assets (S$ million) Shareholder’s equity (S$ million) 15,635 16,716 17,806 8,528 9,088 9,793 FY2014/15 FY2015/16 FY2016/17 FY2014/15 FY2015/16 FY2016/17 Economic value added (S$ million) Return on equity (%) 284 300 256 11.2 10.5 10.1 FY2014/15 FY2015/16 FY2016/17 FY2014/15 FY2015/16 FY2016/17 06 SP GROUP ANNUAL REPORT 2017 ENJOY A SEAMLESS, UNIFIED EXPERIENCE Life would be a breeze if we could get our important tasks done fast, anytime, anywhere. With the SP Utilities mobile app, you can open a utility account, make a payment and even chat “live” with our call agents. A single touch-ID makes it easy to check your bills and past transactions. You’ll never miss important updates through timely alerts. ONE CALL, ONE CLICK AND ONE-STOP SERVICE IN ONE BUSINESS DAY. Manage your utilities through one call, one click, at one-stop in one business day. SP Utilities app is available on apple app store and google play store. Top: With the SP Utilities app, you can chat “live” with us on the go. Bottom: SP’s one-stop solution at your fingertips. Service to customers in 2017 1.5 million Customers we serve each month Calls we receive each month 60,000 491 million Utility payments processed each month on average 07 ALWAYS HERE FOR YOU Top: Our officers stand by at major events, like National Day Parade 2017, to ensure reliable power supply. Bottom: Our engineers working on the cross-island Transmission Cable Tunnel project, which offers a costeffective long-term solution for reliable electricity supply in Singapore. Life should be free of interruption. But when it happens, we know what it means for you to have things back to normal without delay. Our officers stand by 24/7 to respond immediately, should electricity or gas supply be disrupted, regardless of the cause. Our priority is always to restore supply as safely and quickly as possible so that inconvenience to customers is minimised. Singapore’s power network is ranked one of the most reliable in the world. In 2016/17, customers experienced an average of 0.25 minute of electricity interruption. That year, 98 per cent of all electricity interruptions were restored within just 2 hours, and 90 per cent in an hour. 08 SP GROUP ANNUAL REPORT 2017 System Average Interruption Duration Index Mins 3.9 2.2 1.2 0.7 0.3 0.4 0.7 0.3 0.6 0.25 4 2 Restoration Time In 2016 98 % of interruptions restored within 2 hours Source: DNV.GL 96/97 01/02 06/07 10/11 11/12 12/13 13/14 14/15 15/16 16/17 Customers experienced an average of 0.25 minute of electricity interruption in 2016/17. Electricity Network Performance Benchmarking System Average Interruption Duration Index 2016 (in minutes) Source: DNV.GL Grid Price and Performance Benchmarking Report 2016 Customers in Singapore experienced 0.56 minute of electricity interruption in 2015/16, compared to an average of 10.19 minutes in top 5 performing cities. We continually monitor, maintain and renew our infrastructure, with the latest techniques and technology, to meet the nation’s growing power needs and ensure long-term reliability and efficiency. We have systems in place to detect and avert abnormalities as much as possible. We are building capabilities today, to power the lives of generations to come. 09 SAVING ENERGY AND COST You can have power in your hands to save energy and cost. The SP Utilities app and the new SP bill are designed to serve you better. You have tools at your fingertips to track your electricity, water and gas usage, and even compare your consumption pattern with that of your neighbours. More features are coming your way, to help you do more with less. We’ll keep raising the bar, to help you keep consumption and cost down. Bottom: With SP, your bill is designed to help you track past consumption, compare your power usage with that of your neighbours’ and receive tips on saving energy. 10 SP GROUP ANNUAL REPORT 2017 A GREENER, COOLER WORLD In our tropical climate, keeping cool is an important part of enjoying a better quality of life. You can beat the heat while keeping your energy consumption low. In an average building, around 50 per cent of energy usage powers air-conditioning alone. SP Group’s underground district cooling network provides chilled water for air-conditioning of several buildings at Marina Bay. Compared to conventional air-conditioning, our district cooling customers can save up to 40 per cent on their energy consumption. Bottom: SP Group’s district cooling system at Marina Bay. 11 A GREENER, COOLER WORLD (CONTINUED) Outdoor Cooling Innovation – How it works Source: by SP Group and ST Engineering At National Day Parade 2017, segments of spectators were the first to enjoy cool air comfort outdoors. This was made possible through an innovation that builds on SP’s district cooling network. This outdoor cooling system saves 90 per cent in energy consumption compared to conventional air-conditioning. It is a game-changing solution that unlocks the potential of urban spaces in land-scarce Singapore. 12 SP GROUP ANNUAL REPORT 2017 NEXT-GENERATION SOLUTIONS FOR YOUR FUTURE NEEDS Today, cutting-edge energy solutions are closer to you than ever before, and within the reach of everyone in the community. In the heartlands, SP’s digital energy-saving solution, integrated with solar, battery storage and sensor monitoring capabilities, has enabled Bukit Panjang Community Club to reduce its energy consumption by 31 per cent. We partnered South West Community Development Council in an energy-saving challenge for residents, which reaped savings of 50,000 kWh – enough to power 160 three-room HDB flats for a month. Top: Partnership with Siemens. Bottom: South West CDC Mayor Low Yen Ling (in green), with Group CEO of SP, Wong Kim Yin (seated, extreme left) presenting a starter kit to residents to help them participate in the Power Saversfor-Charity@South West energy-saving challenge. 13 NEXT-GENERATION SOLUTIONS FOR YOUR FUTURE NEEDS (CONTINUED) Top: SP Group’s digital energy-saving solution helped Bukit Panjang Community Club reduce its energy consumption by 31 per cent. Bottom: SP has partnered seven other international utilities to launch Free Electrons, the world’s first global energy accelerator, to nurture start-ups in creating next-generation customer solutions. More new technologies are being deployed to serve you better. Together with seven other international utilities leaders, we have launched a global energy accelerator programme called Free Electrons. It supports start-ups developing solutions in areas such as clean energy, energy efficiency and mobility, digitisation, and on-demand customer services. SP Group, Energy Web Foundation and other global energy players are developing blockchain technologies that will enable greater integration of renewable energy sources on the electricity grid and lower transaction costs for customers. 14 SP GROUP ANNUAL REPORT 2017 Top: The SP Centre of Excellence signing Memoranda of Understanding with partners from 3M, GE Grid Solutions, IJENKO, Singapore Economic Development Board, NEC, Space-Time Insight and OMNETRIC Group. Bottom left: Through a S$1 million SP Group sponsorship, Singapore Polytechnic students are building solar cars and competing in the biennial World Solar Challenge in Australia. Bottom right: One of the electric vehicles in SP’s service fleet. We are partnering General Electric to develop Industrial Internet of Things capabilities and intelligent applications to enhance the reliability and efficiency of Singapore’s power network. With Siemens, we are creating a software platform for SP’s 24/7 control centres to enable more robust planning, surveillance and predictive maintenance of the electricity network, and technologies for new urban electricity microgrids which will incorporate renewable sources of energy. Similarly, the SP Centre of Excellence continues to invest in next-generation technologies for sustainable living. SP Group is supporting Singapore Polytechnic students with a S$1 million sponsorship over five years to build solar cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students who are part of the solar car team. They will secure jobs at SP Group with customised training and exposure in critical areas such as electricity and gas planning and operations. 15 DRIVING INNOVATION FROM WITHIN Bottom: The team leading the conversion of SP’s entire service fleet to electric vehicles. We are powering transformation with talent in our organisation. SP’s Digital Technology team is swiftly building and deploying digital solutions such as the SP Utilities app and the energy-saving platform for Bukit Panjang Community Club, to bring greater value to customers. In-house capabilities are also driving the conversion of our entire service fleet to electric vehicles and setting up a network of charging stations for them. 16 SP GROUP ANNUAL REPORT 2017 We have teams studying and installing solar panels at our offices, with storage systems to harness and deploy energy efficiently. We are also uncovering compelling gems through The Pitch, a business ideas competition among SP employees. Expect more made-in-SP innovations, all with the goal of improving quality of life. Top: Our Solar Taskforce led an initiative to install solar panels at our offices to harness renewable energy. Bottom: Recipients of SP Group’s university and polytechnic scholarships and sponsorships with SP Group CEO Wong Kim Yin (Back row, 5th from left) and Senior Advisor Quek Poh Huat (Back row, 4th from left). 17 2 Kallang Sector Singapore 349277 T. +65 6916 8888 F. +65 6304 8188 https://www.spgroup.com.sg/ Transforming to serve you better SP GROUP FINANCIAL SUMMARY 2016/17 Registration Number : 199406577N | SP Power Limited and its subsidiaries 1 CONTENTS DIRECTORS’ STATEMENT 1 INDEPENDENT AUDITOR’S REPORT 5 BALANCE SHEETS 8 INCOME STATEMENTS 9 STATEMENTS OF COMPREHENSIVE INCOME 10 STATEMENTS OF CHANGES IN EQUITY 11 CONSOLIDATED STATEMENT OF CASH FLOWS 14 NOTES TO THE FINANCIAL STATEMENTS 15 1 DOMICILE AND ACTIVITIES 15 2 BASIS OF PREPARATION 15 3 SIGNIFICANT ACCOUNTING POLICIES 17 4 PROPERTY, PLANT AND EQUIPMENT 36 5 INTANGIBLE ASSETS 39 6 SUBSIDIARIES 41 7 ASSOCIATES AND JOINT VENTURE 42 8 OTHER NON-CURRENT ASSETS 45 9 DEFERRED TAXATION 47 10 DERIVATIVE ASSETS AND LIABILITIES 49 11 AVAILABLE-FOR-SALE FINANCIAL ASSETS 51 12 INVENTORIES 51 13 TRADE AND OTHER RECEIVABLES 51 14 CASH AND CASH EQUIVALENTS 54 15 DISPOSAL GROUP HELD-FOR-SALE 55 16 SHARE CAPITAL 56 17 RESERVES 56 18 DEBT OBLIGATIONS 57 19 OTHER NON-CURRENT LIABILITIES 58 20 TRADE AND OTHER PAYABLES 60 21 REVENUE 61 22 OTHER INCOME 61 23 FINANCE INCOME 61 24 FINANCE COSTS 62 25 TAX EXPENSE 63 26 PROFIT FOR THE YEAR 65 27 RELATED PARTIES 65 28 OPERATING SEGMENTS 66 29 FINANCIAL RISK MANAGEMENT 70 30 FAIR VALUES 79 31 COMMITMENTS 83 32 CONTINGENT LIABILITIES 84 33 DIVIDENDS 84 2 DIRECTORS’ STATEMENT YEAR ENDED 31 MARCH 2017 We are pleased to submit this annual report to the member of Singapore Power Limited (the “Company”) together with the audited financial statements for the financial year ended 31 March 2017. OPINION OF THE DIRECTORS In our opinion, (a) (b) the financial statements set out on pages 8 to 84 are drawn up so as to give a true and fair view of the financial position of the Company and its subsidiaries (the “Group”) as at 31 March 2017 and the financial performance, changes in equity and cash flows of the Group and of the financial performance and changes in equity of the Company for the year ended on that date in accordance with the provisions of the Singapore Companies Act, Chapter 50 (the “Act”) and Singapore Financial Reporting Standards; and at the date of this statement, there are reason