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Energy

Energy

T A T E M E N T S B O A R D

Over the last few decades, Sustainability has been gaining traction globally; with many organisations starting to incorporate it into their business strategies.

Changing expectations of society and increasing demands from shareholders and investors are placing pressure on companies, especially those in the energy and transport sectors, to innovate and reduce their carbon footprint. Singapore LNG Corporation (“SLNG”) is well aware of the market developments and the global move towards decarbonisation. As an organisation, we have always placed emphasis on environmental, social and governance (“ESG”) matters. Since 2019, we have embraced Sustainability as an integral part of our organisation’s strategy, and it remains a key focus in our long-term growth plans.

We are pleased to present SLNG’s first voluntary Sustainability Report. In the development of this Report, we have assessed the materiality of our identified ESG topics and have committed to fourteen (14) topics across the ESG pillars. The Board oversaw the identification of ESG risks and opportunities and endorsed the Company’s Sustainability vision, framework and material topics.

Despite the challenges brought about by the COVID-19 pandemic, SLNG remains committed to safeguarding the health and safety of our stakeholders, including our employees, contractors and customers, while delivering our energy security mandate. As an essential services provider, we have adhered strictly to the government regulations and guidelines, ensuring that split team arrangements were in place to minimise any possible disruption to gas send out operations at the Terminal. Not only were safe-distancing measures and work from home arrangements in place, there was no cross deployment of staff between the corporate office and the Terminal. Furthermore, Management ensured that all employees were well-equipped with the necessary tools and equipment to continue working with minimal disruption. Going forward, we continue to monitor the evolving pandemic situation closely and remain steadfast in our response.

While FY 2020 had been a challenging year, SLNG remains committed to our newlyforged Sustainability vision. During the year, we rolled out new initiatives aimed at harnessing green energy opportunities and looked at new ways to improve operational efficiencies and lower carbon emissions. We are also actively collaborating with multiple stakeholders to jointly explore ways to facilitate and accelerate a low-carbon energy transition.

Through the formal set up of our Sustainability committee and taskforces, we will continue to drive our Sustainability initiatives and embed Sustainability into our business strategy and practices.

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