Cherishing Our Planet
At SingPost, we are committed to taking climate action and driving environmental stewardship across our operations. Guided by the goal of sustaining a liveable planet for future generations, we focus on reducing our carbon footprint, enhancing energy efficiency, and minimising waste through responsible resource management. Our actions are underpinned by a clear framework for climate resilience and alignment with the United Nations Sustainable Development Goals.
We care about sustaining a liveable planet for future generations
Businesses are in a position to deliberate positive contributions to the one planet that we have. SingPost takes a serious view on this and commits to effect positive outcomes for the environment in everything that we do as part of our business strategy.
Climate Action and Resilience
Climate Action and Resilience
Leading the charge in transforming the future of postal services and eCommerce logistics, SingPost responds to the climate challenges of rising global temperatures and changing weather and rainfall patterns. Climate action will also present opportunities that SingPost can tap into, which we will seek to integrate into our business strategy.
Resource efficiency and waste management
Resource efficiency and waste management
We take pride in setting ambitious environmental targets and transitioning to a circular, low carbon economy. SingPost adopts the waste management hierarchy by not only addressing waste produced through reusing and recycling initiatives but also exploring innovative solutions and investing in infrastructure to tackle the issue at its source.
Climate action targets
We are committed to supporting global efforts in keeping global warming to below 1.5°C and have set new climate targets: to achieve net zero Scope 1 and 2 carbon emissions for Singapore by 2030 and global net zero Scope 1,2 and 3 carbon emissions by 2050. Different decarbonisation pathways are being explored for different markets across SingPost operations globally; and the following provides more information on our key emissions reduction measures.
Direct Greenhouse Gas Emissions from owned vehicle fleet and backup generators of properties SingPost has control over
Decarbonisation pathways explored include:
- Electrification of SingPost’s owned delivery fleet in Singapore by 2026
- Optimising delivery route to maximise fuel efficiency
- Exploring alternative energy sources for backup generators of owned properties and heavy vehicles
- Converting existing forklifts to electric versions
Actions to-date include:
- Progressive replacement of its owned internal combustion engine vehicles with electric vehicles.
- Replacement of diesel or liquified petroleum gas (LPG)-operated forklifts with electric ones and the replacement of lead-acid reach trucks with lithium-ion forklifts.
- Progressively upgrading prime movers and truck fleet to Euro five or Euro six emission standards
Task force on climate-related financial disclosures (TCFD)
Since 2022, SingPost has adopted the recommendations from the TCFD to be incorporated into SingPost's climate action journey – to better understand our climate-related opportunities and risks.
TCFD disclosures
SingPost’s governance around climate-related risks and opportunities
Our current state
- SingPost has in place a robust governance structure, with effective processes that ensure all businesses and support functions are regularly engaged with decisions revolving around sustainability matters through quarterly Board Sustainability Committee (BSC) and Management Committee (MC) meetings
- The BSC provides oversight on sustainability (including climate-related) matters at SingPost, while the management drives and coordinates sustainability efforts at a company-wide level
- The MC provides input on sustainability (including climate-related) matters related to the various business units and executes Environmental Social and Governance (ESG) efforts at a corporate-wide level. This includes targets and goals setting, climate scenario analysis with the relevant risks and opportunities, and compliance with sustainability-related regulations
- Management incentives or remuneration are linked to sustainability metrics, ensuring management accountability for the achievement of the Company’s goals
- The Sustainability team is responsible for recommending sustainability initiatives, collecting and analysing data, performance reporting, and communication
