Climate Change Data

Jardine Cycle & Carriage Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:4,673.4 tCO2e (net Scope 1 & 2)
Scope 1 Emissions:4,605.9 tCO2e
Scope 2 Emissions:437.5 tCO2e (market-based)
Scope 3 Emissions:561.4 tCO2e (JC&C head office only)
Renewable Energy Share:45%
Total Energy Consumption:91,498.1 TJ
Water Consumption:17,494.3 thousand cubic meters
Waste Generated:2,808.7 thousand tonnes
Carbon Intensity:0.0002 tonnes CO2e/US$ Group revenue

ESG Focus Areas

  • Decarbonisation
  • Talent Management
  • Workplace Health and Safety
  • Community Impact

Environmental Achievements

  • Over 10% reduction in Scope 1 and 2 absolute emissions from 2019 baseline
  • Over 40% of energy consumption derived from renewables in 2023
  • 15% reduction in water withdrawal intensity from 2019 baseline
  • Over 98% of solid waste diverted in 2023
  • Almost 360MW of additional renewables capacity generated since 2019

Social Achievements

  • Over S$722,000 pledged to MINDSET since 2019
  • 33 scholarships awarded since 2019
  • 54% female representation in management at JC&C head office in 2023

Governance Achievements

  • ESG considerations influence management’s performance incentives
  • Periodic review of sustainability reporting process by internal auditors
  • Independent limited assurance on a selection of ESG metrics by PwC

Climate Goals & Targets

Long-term Goals:
  • Group-wide zero workforce fatalities by 2030
Medium-term Goals:
  • At least 50% renewable energy by 2030
  • At least 15% reduction in water withdrawal intensity by 2030
  • At least 30% reduction in Scope 1 and 2 absolute emissions by 2030
  • At least 99% solid waste diversion by 2030
  • Generate an additional 1,000MW of renewable energy capacity from 2019 to 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Climate change (physical and transition risks)
  • Workplace health and safety incidents (11 fatalities in 2023)
Mitigation Strategies
  • Investing over US$1 billion in low-carbon transition since 2019 (renewable energy, transition minerals)
  • Implementing fuel switch initiatives and fuel saving programs (Astra)
  • Introducing EV models and 100% EV logistics fleet (Cycle & Carriage Singapore)
  • Thorough investigations and remedial actions for workplace fatalities
  • Procuring appropriate insurance and building flood resilience measures

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Astra incorporates adherence to environmental and social standards in supplier selection

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events, floods, wildfires, sea level rise
Transition Risks
  • Policy around EV transition, carbon taxes, investments in low-carbon technologies
Opportunities
  • Diversification into non-coal minerals and renewables
  • Supporting the EV transition
  • Renewable energy development

Reporting Standards

Frameworks Used: GRI Standards (2021), TCFD (aligning with IFRS S2)

Certifications: ISO 14001 (some businesses)

Third-party Assurance: PricewaterhouseCoopers (PwC) - Limited assurance

UN Sustainable Development Goals

  • SDG 3 (Good Health and Well-being)
  • SDG 4 (Quality Education)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 13 (Climate Action)

Initiatives in mental health, education, job creation, and decarbonization

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed