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Ready for Net Zero Responsibility: How Singapore's Business Leaders are Embracing Decarbonisation.
JOINT PRESS RELEASE BY NCCS AND MSE: SINGAPORE COMMITS TO ACHIEVE NET ZERO EMISSIONS BY 2050 AND TO A REVISED 2030 NATIONALLY DETERMINED CONTRIBUTION; PUBLIC SECTOR AND JURONG LAKE DISTRICT TO LEAD THE WAY WITH NET ZERO TARGETS.
Singapore will raise our national climate target to achieve “net zero emissions by 2050” as part of our Long-Term Low-Emissions Development Strategy (LEDS).
The transition to net zero demands ambitious and collective action. Singapore announced our national hydrogen strategy, which will guide our approach in developing low-carbon hydrogen as a new frontier in our efforts to green our power and industry sectors, as well as contribute to the decarbonisation of international maritime and aviation. To lead the way for Singapore’s decarbonisation journey, the public sector will commit to achieve net zero emissions around 2045 under the GreenGov.SG initiative. This will be contingent on the progress of technologies and international cooperation to enable mitigation measures. Jurong Lake District will also aim to achieve net zero emissions for new developments around 2045. Singapore announced these revised climate targets and plans at the Singapore International Energy Week (SIEW) 2022.
These plans and revised targets build upon the announcement during Budget 2022 of Singapore’s intention to raise our climate ambitions. Since then, under the Singapore Green Plan 2030, the Government has engaged more than 1,700 members of the public and key stakeholders on Singapore’s climate ambition, including a public consultation exercise via REACH in September 2022 (refer to Annexes D1 & D2 for a summary of feedback received). Across these various engagements, respondents agreed with the need for Singapore to increase its climate ambition given the urgent global need to take climate action.
Source: Nccs (https://www.nccs.gov.sg/media/press-releases/singapore-commits-to-achieve-net-zero/)
Schneider Electric’s Story
Accelerating Sustainability for All
Sustainability is at the core of our purpose, culture, and business as we accelerate our contributions to a sustainable and inclusive world.
How can we create a sustainable and inclusive world through a comprehensive corporate sustainability strategy?
Schneider Electric leads the way as a sustainable company through digital transformation and next-generation automation by following a corporate sustainability strategy with decarbonisation goals at its core. As an Impact company, Schneider Electric is committed to engaging with sustainability on all fronts, including climate, resources, gender diversity, and inclusion. Schneider Electric is leading the net-zero transition and is ready to bridge business resilience and sustainability for its partners by helping them set up innovative corporate sustainability strategies that make the most of available energy, resources, and people. Our Schneider Electric Sustainability Impact Programme (SSI) focuses on achieving Environmental, Social, and Governance (ESG) targets as well as carbon neutrality by 2025, boosting our efforts toward fighting climate change and social inequality, and fulfilling local commitments. We partner with our customers and suppliers to deploy services and solutions that deliver energy efficiency and sustainability and drive them toward reduced carbon emissions. Our innovation portfolio helps us move toward a climate-positive world through continuous investments and developments in reliable and green energy for immediate and lasting carbon neutral operations in line with our carbon pledge.
We are committed to preserving natural ecosystems and resources on our planet by upholding our customers’ trust through high social, governance, and ethical standards to prevent biodiversity loss. We believe in creating equal opportunities by ensuring that uniqueness is valued, and the work environment is inclusive. We believe in fostering learning, upskilling, and development for each generation paving for the next. We have a purpose of empowering local communities by promoting local initiatives and enabling individuals and partners to make sustainability a reality for all. Our experts, well-versed in global, corporate sustainability initiatives, including carbon reduction programmes, energy efficiency, renewable energy, and supply chain initiatives, enable our clients to a pathway to net-zero and climate leadership.
Schneider Electric Singapore 50th Anniversary
2023 marks Schneider Electric Singapore’s 50th anniversary. Since first setting up in Singapore back in 1973, Schneider Electric has journeyed with the nation throughout its economic progress and development. To commemorate this significant milestone, Schneider Electric focused on the theme "Advancing Singapore towards Net Zero," highlighting its commitment to helping Singapore achieve future growth, particularly its target of net-zero emissions by 2050 and Singapore Green Plan 2030. In achieving these goals, Schneider Electric and the business community in partnership with the government, are already accelerating efforts towards decarbonisation with digital technology being a key enabler.
Over the past five decades, Schneider Electric has played a crucial role in transforming the energy industry through innovation and technological advancements. The company's focus on sustainability and energy efficiency has helped businesses and communities around the world to reduce their carbon footprint and become more sustainable.
As part of its commitment to advancing Singapore towards net zero, Schneider Electric is partnering with various stakeholders to develop and implement sustainable solutions. The company is leveraging its expertise in energy management and automation to help businesses and communities in Singapore to reduce their carbon footprint, improve energy efficiency, and transition to renewable energy sources.
To commemorate its 50th anniversary, Schneider Electric is organising a series of virtual events, including webinars, panel discussions, and interactive workshops focused on advancing Singapore towards net zero. These events brought together experts, policymakers, and business leaders to discuss the challenges and opportunities in achieving a sustainable future for Singapore
As part of its commitment to sustainability, Schneider Electric has also launched a new sustainability strategy, "Sustainability Impact 2025," which aims to accelerate the company's efforts to achieve its sustainability goals. The strategy includes a range of ambitious targets, such as achieving carbon neutrality by 2025, reducing its energy consumption by 50%, and achieving a 100% circular economy for its products.
Schneider Electric's 50th anniversary represents a significant milestone for the company and the energy industry. As Singapore strives towards net-zero emissions, Schneider Electric's commitment to sustainability and innovation will play a critical role in advancing Singapore towards a more sustainable future.
Hear from our Partners
As part of our 50th anniversary celebrations, Schneider Electric is launching the “Your Singapore in 2050: Realising a Net Zero Future” initiative. Through this effort, we seek to explore, curate, and encapsulate the hopes Singaporeans of today have for the nation– reimagining what a greener Singapore might look like in 2050, considering the country’s net zero ambitions and ongoing decarbonisation efforts.
Hear the thoughts and hopes for “Your Singapore in 2050: Realising a Net Zero Future” based on the various leaders of respective fields and sectors. They play an influential role in shaping the future of Singapore. We have the following themes below:
- The role of technology
- The role of corporates and businesses
- The value of partnerships
- The role of talent for a sustainable future
50 Years of Excellence: Celebrating with Quotes from Our Partners, Customers and Associations
Ministry of Sustainability and the Environment
We are thrilled to share a special message from Grace Fu, Minister for Sustainability, and the Environment, in support of our initiative "Your Singapore in 2050: Realising a Net Zero Future" as part of our 50th anniversary celebrations!
Let's act today to build a better tomorrow for ourselves, our children, and our planet. Stay tuned for more updates on this exciting initiative!
MTI
Introducing a message from Dr Tan See Leng, Minister for Manpower / Second Minister for Trade and Industry, MTI, for our initiative "Your Singapore in 2050: Realising a Net Zero Future" as part of our 50th anniversary!
As we commemorate our Golden Jubilee year, we are inspired by the Minister’s message, and we remain committed to working with our partners and stakeholders to create a more sustainable future for all. Together, we can make a positive impact on our planet and work towards a net zero future.
The Singapore Green Plan 2030
The Singapore Green Plan 2030, or the Green Plan, is a national movement to advance Singapore’s national agenda on sustainable development. The Green Plan charts ambitious and concrete targets over the next 10 years, strengthening Singapore’s commitments under the United Nations 2030 Sustainable Development Agenda and Paris Agreement, and positioning Singapore to achieve its long-term net zero emissions aspiration as soon as viable.
The Singapore Green Plan 2030 comprises 5 main pillars:
This article was first featured in ‘The Energy Sector in 2030’, Energy Engineering Magazine, in February 2021.
Schneider Electric’s Commitment to Building a Greener Singapore
Going Green from Inside Out
Schneider Electric is delighted to partner with the Singapore Green Building Council (SGBC) for the first time to launch the “Going Green from the Inside Out: Accelerating Green Building Adoption in Singapore” report. This report showcases the critical challenges that need to be addressed and the key recommendations to accelerate green building adoption in Singapore.
Singapore Green Pulse Survey (August 2022)
Singapore’s Green Plan 2030 has made sustainability fundamental in the country’s growth and development. As part of our commitment to champion sustainability ambitions and accelerate action, Schneider Electric launched the Singapore Green Pulse Survey which aims to track the sentiments, attitudes and perceptions towards sustainability in Singapore over time. The survey also serves as a follow-up to our Building a Greener Singapore report.
For the second edition of the survey, Schneider Electric interviewed over 500 Singaporeans in June 2022 about topics relating to Singapore’s green transition, with focus on sustainable living.
Building a Greener Singapore 2022
This second edition of our Building a Greener Singapore report looks at the progress of organisations in Singapore around sustainability performance, with a focus on energy transition, over a 12-month period. The study finds that considerable positive momentum has been achieved across many areas, particularly in implementing sustainability policies and strategies, advancing climate change planning, and applying new technologies. It also highlights new challenges that are emerging in areas such as management buy-in, employment engagement, and culture change as plans move from strategic to active phases of implementation.
Building a Greener Singapore October 2021
Schneider Electric supports all pillars of the Singapore Green Plan 2030.
To provide a deeper understanding of the attitudes and perceptions of consumers and business leaders around environmental sustainability as well as the level of preparedness of companies operating in Singapore, Schneider Electric launched the Building a Greener Singapore report in October 2021.
The Building a Greener Singapore presents and analyzes the findings of a survey of 500 business leaders with sustainability responsibilities and 500 consumers in Singapore.
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Hear from our Executives
Against this backdrop and as part of our mission to be the digital partner for sustainability and efficiency, Schneider Electric is bringing together stakeholders, business and industry leaders to share their insights and perspectives on realising a more sustainable future.
The Building a Greener Singapore Together leadership roundtable series is an ongoing platform for business leaders to share best practices from their sustainability journeys and exchange views on the way forward, as well as to engage in dialogue on imperatives, and contribute to progress in achieving our shared climate goals.
To hear from leaders at the roundtable series:
Schneider Electric’s Part to Play
We are deeply committed to Sustainability and was recently ranked as the World’s Most Sustainable Company in Corporate Knights ranking in 2021. The achievement also marks the debut of our accelerated sustainability programme for 2025 with 6 commitments in sustainable business, planet and people.
Locally, our business supports the Singapore Green Plan 2030 launched to achieve concrete sustainability targets in the next 10 years. We have also pledged our commitment to the Singapore Built Environment Embodied Carbon Pledge to help unify and amplify decarbonization efforts across sectors Explore Schneider Electric’s case studies on its contribution to 4 key pillars of the Green Plan.
Locally, our business supports the Singapore Green Plan 2030 launched to achieve concrete sustainability targets in the next 10 years. We have also pledged our commitment to the Singapore Built Environment Embodied Carbon Pledge to help unify and amplify decarbonization efforts across sectors Explore Schneider Electric’s case studies on its contribution to 4 key pillars of the Green Plan.
Sustainable Living
Energy Reset
Green Economy
