In 2024, Keppel completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Keppel has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 1,323a | 3,091a | 29,420a | |
Total Scope 2 | ||||
Market-Based | 30,399a | 49,415b | 112,584b | |
Location-Based | 54,602a | 65,831b | 117,983c | |
Total Scope 3 | 6,033,570a | 6,015,981a | 6,111,610a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.3118a | 0.5856a | 5.9535a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Keppel amounted to 55,925 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Keppel decreased by 18.86%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Keppel were 1,323 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Keppel's Scope 1 emissions have decreased by 96.89%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Keppel's Scope 1 emissions decreased by 57.2%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Keppel reported Scope 2 greenhouse gas (GHG) emissions of 30,399 tCO₂e using the market-based method and 54,602 tCO₂e using the location-based method.a
Compared to the previous year (2023), Keppel's Scope 2 emissions (Location-Based) fell by 17.06% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
In 2024, Keppel reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Keppel reported 6,033,570 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Keppel includes a breakdown across 12 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Keppel reported total Scope 3 emissions of 6,033,570 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 20.48% of these emissions originated from upstream activities such as purchased goods and capital goods, while 79.52% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Keppel's Scope 3 emissions have increased by 216.01%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Keppel's Scope 3 emissions remained relatively stable, indicating that Keppel's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Keppel reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Keppel's Scope 3 emissions were:a
In 2024, Keppel reported Scope 1 greenhouse gas (GHG) emissions of 1,323 tCO₂e and total revenues of USD 4,243 millions. This translates into an emissions intensity of 0.31 tCO₂e per millions USD.a
In 2024, Keppel reported a Scope 1 emissions intensity of 0.31 tCO₂e per millions USD. Compared to the peer group median of 27.94, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Keppel ranked 3 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Keppel among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Keppel reported a total carbon footprint of 6,089,495 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.08% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Keppel's total carbon footprint was Scope 3 emissions, accounting for 99.08% of the company's total carbon footprint, followed by Scope 2 emissions at 0.9%.a