Sembcorp Industries announced the launch of Singapore's first sustainable financing framework for sustainability-linked transactions for the energy sector. The Sembcorp Sustainable Financing Framework (Framework) lays out Sembcorp's strategic approach, Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs) for its sustainability-linked transactions. Sembcorp may now issue sustainability-linked bonds, sustainability-linked loans or any other sustainability-linked instruments, following the guidelines laid out in the Framework. The Framework has been reviewed by DNV Business Assurance Singapore Pte Ltd. (DNV), who provided a Second Party Opinion on alignment of the Framework with the "SustainabilityLinked Bond Principles 2020" published by the International Capital Market Association (ICMA) and the "Sustainability-Linked Loan Principles 2021" published by Loan Market Association (LMA), Asia Pacific Loan Market Association (APLMA) and Loan Syndications and Trading Association (LSTA). With this Framework, Sembcorp further demonstrates its commitment to transforming its portfolio from brown to green and to achieving the sustainability goals it announced in May 2021. The three KPIs identified by Sembcorp in the Framework are greenhouse gas (GHG) emissions intensity (Scope 1 and 2), GHG absolute emissions (Scope 1 and 2) and gross installed renewable energy capacity. DNV has confirmed in its Second Party Opinion that the KPIs are core, relevant, material and consistent with Sembcorp's sustainability position and strategy. In line with the KPIs, Sembcorp has defined the SPTs that will measure the progress of its transformation towards a low-carbon and sustainable solutions portfolio, and contribute to the UN Sustainable Development Goals (SDGs), in particular, SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action). The SPTs laid out in the Framework are as follows: GHG emissions intensity reduction to 0.40 tonnes of carbon dioxide equivalent per MW hour (tCO2e/MWh) by 2025, absolute GHG emissions reduction to 2.7 million tCO2e by 2030 and the growth of its gross installed renewable energy capacity to 10 gigawatts (GW) by 2025. In 2020, the Group's GHG emissions intensity was 0.54 tCO2e/MWh, absolute GHG emissions was 26.5 million tCO2e and its gross installed renewable energy capacity was 2.6GW.