Climate Risk Intelligence

Rooftop solar panel installations on buildings expected to generate clean energy for up to 18% of electricity demand.

SAF can potentially reduce lifecycle GHG emissions by at least 80% compared to conventional jet fuel. SIA has been committed to SAF adoption since 2011 and is supporting commercialisation across its network and developing an integrated SAF supply chain at Singapore Changi Airport.

Solar panel deployment with 2,458 MWh generated in FY2021, reducing 1,053 tonnes of carbon emissions through adoption of renewable energy.

Growing availability of SAF as a key decarbonization lever. SIA purchasing 1.25 million liters of neat SAF from Neste (from waste cooking oil and animal fat) in pilot program reducing ~2,500 tCO2e annually. First carrier to operate A350F freighter with 40% lower fuel consumption.

2020 power purchase agreement with Sembcorp Solar to install 20,000+ solar panels at SIA facilities including Airline House, Training Centre, TechSQ, and SIAEC hangars and Engine Test Facility

Growing adoption of SAF to reduce carbon emissions from aircraft operations. SIA participating in SAF Incentive Scheme and member of Sustainable Aviation Fuel Users Group since 2011.

Completing solar energy generation projects expected to generate 1,700MWh of energy with 1.38MWp capacity. Signed renewable energy Power Purchase Agreements to increase renewable electricity backing

Expansion of onsite solar energy generation across Singapore and Australia facilities (1,034 kWp added in FY2024). Long-term renewable PPAs (1,261 GWh from 2025-2033) reduce exposure to volatile energy prices.

Deployment of solar energy across SIA-owned buildings in Singapore and renewable energy sourcing for facilities operations, reducing carbon footprint and energy costs.

Financing opportunities for vessel energy efficiency improvements, alternative fuel adoption, building retrofits, renewable energy solutions

Growing government commitments to green transition globally including US USD 2 trillion climate plan, European Union Recovery Fund allocation for green transition, and Singapore's Emerging Stronger Taskforce focused on sustainable economy

Active participation in international initiatives such as IATA's SAF Registry, Singapore's International Advisory Panel, and Sustainable Aviation Fuel Users Group positions SIA to benefit from sustainable aviation market developments and policy incentives.

Voluntary carbon offset programme enabling customers to neutralise emissions, funding accredited environmental projects in Asia including rainforest protection and renewable energy technology

Projected 50% increase in urban population in Asia by 2050 drives demand for sustainable buildings and green building certifications becoming top occupier priority

Opportunity to expand green finance access to underbanked and low-income segments. DBS approved over 4,400 unsecured loans totalling SGD 665 million to micro and small businesses in Singapore in 2023.

LiveBetter digital sustainability platform now available in Singapore, Hong Kong and Indonesia with SGD 21 million invested in green funds/ETFs and SGD 2 million donated through environmental/social causes as of 2023.

Support commercialisation of sustainable fuels in Singapore and development of integrated supply chain at Singapore Changi Airport as key in-sector lever to achieve long-term decarbonisation

June 2021 launch of customer-facing carbon offset program allowing KrisFlyer members to purchase quality offsets supporting verified environmental and societal benefit projects across Asia

SIAEC conducted engine tests using blended SAF in February 2022 producing 32% lower carbon emissions, broadening green maintenance, repair and operations (MRO) service offerings

SIA Group participant in ICAO's Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) to cap industry growth in carbon emissions from 2020 baseline

SIA empowers customers to fly carbon neutral by purchasing quality carbon offsets to mitigate their travel carbon footprint, supporting verified projects that reduce carbon emissions, protect endangered species, and empower developing communities.

Significant market demand for sustainable aviation fuel presents opportunities for SIA to lead in SAF adoption, reduce emissions, and support the development of SAF supply chains in Singapore. SIA has signed agreements for SAF supply and is the first airline to operationalize SAF at Singapore Changi Airport.

Global Finance recognized DBS for Outstanding Leadership in Sustainable Project Finance and Outstanding Leadership in Green Bonds

Launched Climate Impact X (CIX), a global exchange and marketplace for high-quality carbon credits, going live in Q1 2022

Fast-growing sustainable finance book with SGD 61 billion portfolio as at end-2022, exceeding original SGD 50 billion 2024 target

DBS will proactively partner customers with advisory and financial solutions to accelerate their transition to a lower-carbon future as part of implementation roadmap

Growing demand for sustainable financing solutions. DBS committed SGD 70 billion in sustainable financing (loans and trade finance) as of December 2023, up from SGD 51 billion in 2022. Facilitated SGD 18 billion in ESG bond issuances in 2023.

Opportunities in green building certification and sustainable real estate development financing as climate-conscious real estate development accelerates across Asian markets.

SMEs increasingly seeking sustainability support and partnerships. DBS engaged over 1,000 SMEs through sustainability training courses and established strategic partnerships (H&M Group, CLP Power, Keppel Corp, Schneider Electric, Reset Carbon) to provide comprehensive sustainability solutions.

Opportunity to finance managed and early phase-out of coal plants in Asia. DBS acted as financial advisor to Indonesian Investment Authority on coal phaseout transactions and co-led GFANZ work on financing managed coal phase-out in Asia Pacific.

Growing client demand for sustainability-linked loans, green bonds, and sustainable financing solutions to support decarbonisation

Opportunity to provide tailored transition financing for real estate developers, shipping companies and supply chain participants undertaking decarbonisation

Embedding more conscious climate deliverables such as green financing into the business agenda to support global climate action.

5G will be a key driver of the digital economy post-COVID, powering new consumer experiences and enterprise solutions including smart cities, healthcare, mobility, and immersive applications.

Launch of Olives sustainable financing programme with sustainability-linked revolving credit facility and Sustainability-Linked Bond Framework. Provides investors opportunity to participate in sustainability journey. A$300 million Optus sustainability-linked bond issued.

Building greenest and most sustainable state-of-the-art data centre at Tuas with BCA Green Mark Platinum certification. Joint venture with Gulf Energy and AIS for green data centres in Thailand. Memorandum of understanding with Telkom for data centres in Indonesia.

Successful completion of US$100 million digital sustainability-linked bond issuance and S$500 million sustainability-linked revolving credit facility in Singapore, plus A$1.4 billion facility in Australia

Leveraging digital networks and technologies to help partners and stakeholders minimize environmental impacts and meet climate targets through sustainable technology solutions

Growing demand for sustainable data centre services as customers prioritize ESG. Singtel's DC Tuas project with <1.3 PUE and renewable energy backing positions it competitively. AI deployment driving data centre demand.

Circular economy initiatives including device take-back and refurbishment programs (113,450 devices refurbished/reused, 120,922 recycled in FY2024). Aligns with GSMA 20% target for mobile device returns by 2030.

ICT solutions enabling customer emissions reduction and digital transformation. 5G network enabling smart city and IoT solutions that reduce emissions elsewhere in value chain.

Cyber Elevate programme for SMEs, SingVerify authentication solution, and Call Stop anti-scam technology present revenue opportunities while addressing digital safety and cybersecurity risks.

Singtel's 4D environmental sustainability strategy and supplier engagement (A score CDP Supplier Engagement) creates opportunity to offer decarbonisation consulting and green ICT services to supply chain.

Growing customer demand for carbon offset options provides opportunities for SIA to offer voluntary carbon offset programmes, generating revenue while supporting climate mitigation projects.

Growing availability of green financing and sustainability-linked financial instruments to support climate investments and fleet modernization.

Published the Sustainable and Transition Finance Framework and Taxonomy - a first in the world by a bank - to guide clients on adapting and building resilience in the face of climate change and resource scarcity. Became the first Singapore bank to offer transition financing to help companies implement long-term changes to become greener.

Expanded digital banking services to unbanked and underbanked populations, including accelerated account opening for migrant workers during pandemic

Growing demand for sustainable financing products. In 2021, DBS committed SGD 12.4 billion in sustainability-linked loans and SGD 6.9 billion in green loans, totaling SGD 39.4 billion cumulatively against SGD 50 billion target by 2024

DBS topped the Asia Pacific (ex-Japan) league table for arranging green and sustainability-linked loans for the second consecutive year in 2021

Strong ESG commitments and workplace wellbeing initiatives (BIG Marketplace, mental health services) improve talent retention, reducing recruitment and training costs. Higher engagement score (83%, +19% since 2019).

Continued investment in new generation aircraft such as Boeing 787s and Airbus A350s which are approximately 25% more fuel-efficient than older generation aircraft, reducing operational costs and emissions.

Retrofitting and renovation projects for sustainable built environment; Smart Lighting Systems with LED and sensors; water harvesting and conservation (harvested 24,039.63 m³ in FY2021/22); SIAEC hangars certified Green Mark Platinum and Super Low Energy Buildings

Fuel productivity solutions through aircraft weight management, optimisation of flight routes, tailored water uplift, dynamic water uplift technology, and collaboration with air navigation service providers for airspace efficiency improvements.

Engineering improvement packages for airframes and engines to reduce drag and improve efficiency; aircraft weight management; flight route optimization; data analytics and research partnerships for long-term strategies

Investment in modern aircraft such as Airbus A350s and Boeing 787s, which are approximately 25% more fuel efficient than older generation aircraft. A350F freighter burns up to 40% less fuel than current freighters, projected to reduce carbon emissions by around 400,000 tonnes annually.

Data analytics and AI to optimize fuel uplift, aircraft performance monitoring, and operational measures reduce fuel consumption and emissions.

SIA's young fleet (average age 6.3 years) and order book of Airbus A320neo, A350-900, and Boeing 737-8/777-9/787 models offer 25% better fuel efficiency and lower carbon emissions. A350F freighter will reduce annual emissions by 400,000 tCO2e.

Anchor-led collaborations with large enterprises to drive sustainability improvements across supplier networks, creating new financing opportunities

Use of data analytics to measure aircraft performance, optimise flight plans and routes, reduce fuel usage and improve fuel efficiency

Smart buildings, energy monitoring, enhanced reporting systems create opportunities for technology-enabled decarbonisation solutions

Growing renewable energy financing portfolio as part of transition financing strategy

Continuous fleet renewal with fuel-efficient aircraft reduces Scope 1 emissions. Each new generation 20% more fuel-efficient than predecessor.

Singtel raised over S$57 million in sustainable financing since launching Olives programme in 2021. Growing investor appetite for sustainability-linked financing products presents capital-raising opportunities.

DBS refurbished old office in Newton into Singapore's first net-zero building by a bank and launched in-house cafe minimizing carbon footprint

Accelerated digitalisation has fuelled demand for connectivity and critical infrastructure. Portfolio of quality infrastructure assets (towers, satellites, subsea cables, data centres) can unlock latent value and support reinvestment in key growth areas.

Investment in modern fuel-efficient aircraft including Airbus A350s and Boeing 787s with advanced fuel-efficient performance

E-waste and packaging circular economy initiatives, product take-back services, recycling programs achieving 95% material recovery rates

Global clean energy investments now exceed fossil fuel spending (1.7:1 ratio vs 1:1 five years ago). Asian renewable capacity expansion accelerating with 118 countries pledging to triple renewable capacity by 2030. China installed >50% of world's renewable generation capacity in 2023.

Implementation of air traffic management optimization, aircraft weight reduction, and flight route optimization to reduce fuel consumption and costs while lowering emissions.

Increased use of renewable energy through offsite renewable energy deployment and purchase of Renewable Energy Credits. Onsite solar photovoltaic deployment at Singapore facilities and national tender for 100% renewable electricity in Australia.