Climate Change Data

Seatrium Limited

Climate Impact & Sustainability Data (2020, 2023)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:72,060 tCO2e/year
Total Energy Consumption:1.266 million GJ/year
Water Consumption:2.196 million m3/year
Waste Generated:25,000 tons/year (approx, based on available data)

ESG Focus Areas

  • Decarbonisation
  • Ocean Sustainability
  • Digitalisation
  • Social Growth

Environmental Achievements

  • Avoided 2,190 tonnes of carbon emissions by using clean energy generated by solar panels at Sembcorp Marine Tuas Boulevard Yard
  • 100% compliance with environmental laws and regulations, and no significant oil spills
  • 100% contracted responsible procurement spend

Social Achievements

  • Invested $1.70 million in community programmes
  • Staff dedicated more than 7,200 hours to participate in community programmes
  • Accident Frequency Rate, Accident Severity Rate and Workplace Injury Rate at 0.64, 155.12 and 110.31 respectively

Governance Achievements

  • 100% compliance with codes of conduct by employees and suppliers
  • No material incidents of non-compliance
  • 100% compliance with anti-competitive behaviour, anti-trust and monopoly policies
  • Successfully completed surveillance audit for ISO 37001 Anti-bribery Management System (ABMS) certification

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve 30% of annual company turnover generated from sustainable product solutions by 2025
  • Expand solar capacity to 12 MWp by 2025
  • Strive to avoid 15,000 tCO2e annually by 2025
Short-term Goals:
  • Maintain 100% compliance with product safety and health requirements
  • Maintain above 95% customer satisfaction in all projects

Environmental Challenges

  • COVID-19 pandemic causing supply chain disruptions and operational challenges
  • Global disruptions impacting business activities, receipt of goods and services, and global transportation routes
Mitigation Strategies
  • Implemented robust Safe Management Measures to mitigate the risk of COVID-19
  • Transformed work processes and took measures to mitigate disruptions caused by COVID-19 for business continuity and resilience
  • Leveraged digital platforms for interfacing with employees, business partners and suppliers
  • Developed smart applications and enterprise IT solutions to enable flexible work arrangements for operational resilience and business continuity
  • Deployed strategic frame agreements with key suppliers to secure essential supplies for operations
  • Utilized remote inspection solutions and video conferencing for supplier engagement, audits and business meetings

Supply Chain Management

Responsible Procurement
  • Sustainable and ethical sourcing in compliance with Sembcorp Marine codes of conduct and government regulations
  • Procure and utilise materials that are environmentally friendly and from non-conflict sources
  • Responsible service and manpower contracting

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Policy and regulation changes
  • Technological shifts
  • Evolving stakeholder expectations
Opportunities
  • Diversification into gas value chain and renewables solutions
  • Pursuing opportunities in energy-efficient and low-emission engineering solutions

Reporting Standards

Frameworks Used: GRI Standards: Core Option, SGX Sustainability Reporting Index, TCFD, UN SDGs, IPIECA, API, IOGP guidance

Certifications: ISO 14001, ISO 45001, ISO 37001 (Anti-bribery Management System)

Third-party Assurance: PricewaterhouseCoopers LLP

UN Sustainable Development Goals

  • Not disclosed

Aligns with 11 UN Sustainable Development Goals

Sustainable Products & Innovation

  • LNG-battery hybrid tugs
  • LNG bunkering vessels
  • Gravifloat-based LNG refuelling terminals
  • Floating offshore wind turbine solution
  • Battery-powered, zero-emission Ropax ferry

Awards & Recognition

  • Winner of the Sustainability Award at the Seatrade Maritime Awards Asia 2020
  • 18 WSH Awards

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:182,653 tCO2e/year
Scope 1 Emissions:74,941 tCO2e/year
Scope 2 Emissions:107,713 tCO2e/year
Scope 3 Emissions:648,257 tCO2e/year
Renewable Energy Share:9.47%
Total Energy Consumption:1.90 million GJ/year
Water Consumption:2.913 million m3/year
Waste Generated:131,919 tons/year
Carbon Intensity:0.000557 tCO2e/man-hour (Scope 1); 0.000799 tCO2e/man-hour (Scope 2)

ESG Focus Areas

  • Operating a Responsible Business
  • Engineering a Sustainable Future
  • Caring for Our People and Communities

Environmental Achievements

  • Achieved 28% reduction of Scope 1 & 2 emissions from 2008 levels
  • Our yards in Singapore and Brazil are increasingly powered by renewable energy sources
  • Recorded zero significant spillage
  • Recorded zero significant fines and non-monetary sanctions for non-compliance with environmental laws and regulations
  • Removed more than 15 tonnes of sun corals (an invasive species) at Aracruz Yard, Brazil

Social Achievements

  • Achieved Zero Fatality across global yards
  • Conferred 34 awards at the WSH Awards 2023
  • Contributed S$2.50 million in community engagement activities
  • Employees have collectively contributed over 10,000 hours to volunteer for community activities
  • Secured over 30% women on the Board of Directors

Governance Achievements

  • Established Seatrium Sustainability Governance Structure
  • Launched Seatrium Sustainability Vision 2030
  • Achieved A rating in the MSCI ESG ratings
  • Continued to be a constituent in the SG ESG Leaders Index, SG ESG Transparency Index and FTSE4Good Index Series
  • Commenced the review of Taskforce on Nature-related Financial Disclosures (TNFD)
  • Received the ISO 37001 Anti-Bribery Management System certification for the Group
  • Achieved 100% completion rate of total employees eligible for the Annual Training and Declaration Exercise

Climate Goals & Targets

Long-term Goals:
  • Adopt NET-ZERO pathway to 2050
Medium-term Goals:
  • 40% reduction of Scope 1 & 2 emissions from 2008 levels by 2030
  • 40% of our annual net orderbook from renewables and cleaner/green projects by 2030
  • Achieve 22 training hours per employee per year by 2030
  • Invest S$3 million annually for community engagement by 2030
  • Accumulate 15,000 hours of employee participation in community projects and volunteering activities by 2030
Short-term Goals:
  • Reduce emissions (scope 1 & 2) by 30% from 2008 levels by 2025
  • Achieve 30% of our annual net orderbook from renewables and cleaner/green projects by 2025
  • Attain 20 training hours per employee per year by 2025
  • Invest S$2.50 million annually for community engagement by 2025
  • Accumulate 10,000 hours of employee participation in community projects and volunteering activities by 2025

Environmental Challenges

  • Projected growth in workload leading to higher emissions
  • Potential impacts of climate change pose a challenge to the stability and continuity of Seatrium over the short, medium, and long term
Mitigation Strategies
  • Increasing the use of renewables in our energy mix
  • Optimising the operational efficiency of our assets
  • Exploring the appropriate use of carbon credits where feasible
  • Developing our risk process and strategy, and enhanced our TCFD risk framework and methodology

Supply Chain Management

Supplier Audits: Regular vendor evaluation and audits are conducted

Responsible Procurement
  • Seatrium’s Supplier Code of Conduct
  • Geographical diversity in sourcing
  • Strategic term agreements with key suppliers
  • Sourcing of materials with lower carbon footprint
  • 100% asbestos-free and free from HCFC or banned materials

Climate-Related Risks & Opportunities

Physical Risks
  • Rising sea levels
Transition Risks
  • Changing customer behaviour
  • Faster and tighter govt climate policies
  • Accelerated EV adoption
  • EU Green Deal coupled with tighter government emission reduction policies
Opportunities
  • Higher hydrogen production and investments in new technologies such as CCUS
  • Ability to diversify business activities
  • Use of new technologies
  • Participate in renewable energy development programmes

Reporting Standards

Frameworks Used: GRI 2021 Standards, SASB, TCFD, UN SDGs

Certifications: ISO 14001, ISO 50001, ISO 45001, ISO 37001, ISO 9001

Third-party Assurance: PricewaterhouseCoopers LLP (limited assurance)

UN Sustainable Development Goals

  • 3
  • 4
  • 7
  • 8
  • 9
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17

See page 115 for details

Sustainable Products & Innovation

  • Hybrid tugs
  • Membrane LNG bunker vessel
  • Floating Living Lab
  • Small Waterplane Area Cylindrical Hull (SWACH)

Awards & Recognition

  • Green Innovations Award
  • Green Supply Chain Award (24th Singapore Environmental Achievement Awards 2023)
  • 34 awards at the Workplace Health and Safety (WSH) Awards 2023
  • ASMI Business and Meritorious Awards