Singtel expands internal carbon pricing after successful trial
Singtel is pricing carbon at S$50 (US$37) per tonne of CO2 equivalent.
Singapore telco Singtel is expanding its internal carbon pricing policy after a pilot demonstrated the mechanism’s effectiveness in incentivising investment in low-carbon projects.
The company, which reported a 64% drop in net profits in FY2024, is stepping up its game to meet its SBTi-approved net zero goal across the value chain by 2045, including by upgrading its 2030 carbon reduction goals from 42% to 55% for operational emissions and from 30% to 40% for Scope 3.
