Sembcorp Industries Limited (Sembcorp - https://www.sembcorp.com/en) is a leading energy and urban solutions provider listed on Singapore stock exchange. Headquartered in Singapore and with operations across 11 countries, Sembcorp has three business segments: renewable energy, conventional energy...
show more
Sembcorp Industries Limited (Sembcorp - https://www.sembcorp.com/en) is a leading energy and urban solutions provider listed on Singapore stock exchange. Headquartered in Singapore and with operations across 11 countries, Sembcorp has three business segments: renewable energy, conventional energy and sustainable solutions, which comprise urban development, water and waste. Sembcorp has been proactively shifting its energy portfolio to renewable energy over the past few years. As of June 2021, it has a global capacity of more than 3,300 MW in renewable energy comprising solar, wind, and energy storage. This includes 2,419 MW of wind plants in China and India, 784 MW of solar plants in India, Singapore, and Vietnam, as well as 120 MW of energy storage assets in the UK. Sembcorp has committed to a climate action plan to significantly reduce its GHG emissions by 2030 and achieve net-zero emissions by 2050.
IFC will make an anchor investment of up to SGD 150 million in a proposed up to 10.5-year senior unsecured sustainability-linked bond (“SLB”) issued by Sembcorp Financial Services Pte. Ltd. that will be fully guaranteed by Sembcorp (the “Project”). This will be Sembcorp’s first SLB.
show less