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SingPost announced today that it is targeting net zero carbon emissions for its domestic operations by 2030, with its global business units following suit by 2050. This updated sustainability target demonstrates SingPost’s commitment to support global efforts in keeping global warming to below 1.5°C.
SingPost’s domestic net zero target covers Scope 1 and 2 carbon emissions, while its global commitment encompasses Scope 1, 2 and 3 carbon emissions. Different decarbonisation pathways are being explored for the different markets across SingPost operations globally.
“SingPost is committed to our purpose of making every delivery count for people and planet. As Singapore’s leading logistics company, we are committed to positive changes by focusing on our environmental and social responsibility. Our net zero target signifies this commitment,” said Michelle Lee, Head of Sustainability & Corporate Services, SingPost.
In addition, SingPost will also adopt the recommendations of the TCFD1, an initiative of the Financial Stability Board to encourage companies to assess the financial impact of climaterelated risks and pportunities. The adoption of the TCFD recommendations will enable SingPost to gain visibility on opportunities and financial impacts of climate-related risks, allowing the company to adapt and be more resilient against them.
SingPost recognises the need to establish partnerships with relevant stakeholders and technology nnovators on this journey to be more effective in enacting an ecosystem change.
Recently, SingPost partnered with WWF-Singapore on an eCommerce reusable packaging pilot initiative that allows eCommerce retailers and shoppers to utilise SingPost posting box infrastructure islandwide to return the reusable packaging. This will support the reverse eCommerce logistics supply chain to promote a circular economy.
Through collaborations like these, SingPost hopes to explore new ways of achieving net zero in a collaborative manner that benefits the entire ecosystem as a whole. As such, SingPost welcomes partnerships with key players in the ecosystem such as those in the aviation sector, technology innovators, financial institutions, vendors, and research groups.
