Sembcorp Marine Ltd.

06/23/2020 | News release | Distributed by Public on 06/23/2020 01:47

Sembcorp Marine wins Sustainability Award at Seatrade Maritime Awards Asia

Sembcorp Marine wins Sustainability Award at Seatrade Maritime Awards Asia

Award honours the Group's successful efforts of integrating sustainability goals holistically into its business operations

Singapore, June 23, 2020 - For putting Sustainability at the forefront of its business operations, Sembcorp Marine is delighted to receive the Sustainability Award today at Seatrade Maritime Awards Asia, an annual event celebrating the best achievements in Asia's maritime industry.

The Award lauds Sembcorp Marine's steadfast commitment to Sustainability, which has delivered impactful outcomes through the Group's increasingly greener focus on its products, solutions and operations, technology-enabled manpower and innovation development, and employee-led contributions to the community.

Last year, some $530 million of Sembcorp Marine's new orders related to greener solutions, including scrubber and ballast water management system retrofits, as well as gas and renewable energy projects. The Group aims to achieve 30 percent of its total income from sustainable products by 2030.

At Sembcorp Marine's flagship Tuas Boulevard Yard, the Group replaced over 5 gigawatt-hours (GWh) of grid-supplied electricity with clean energy harnessed from its solar-roof. This amount of solar electricity - enough to power about 1,100 four-room flats for one full year - also helped Sembcorp Marine avoid over 2,100 tonnes of carbon emissions, equivalent to taking 660 cars off the road for a year.

Sembcorp Marine will progressively scale up the solar power output at Tuas Boulevard Yard.

In 2019, Sembcorp Marine invested $4.7 million in workforce competency and talent development, equipping its employees particularly with new skills and knowledge that help them embrace Digitalisation, Augmented/Virtual Reality applications and other Industry 4.0 technologies introduced into the Group's operations and innovation development.

Through ongoing up-skilling and re-skilling programmes in various trades, Sembcorp Marine's employees and resident contractors also enhance their employability with flexible know-how that supports the Group's widening spectrum of projects.

Sembcorp Marine contributed $1.8 million and over 10,000 employee-volunteering-hours to local and overseas communities last year. Notable activities included: the Green Wave Environmental Care Competition, drawing 280 project submissions from 1,000 Singaporean and Indonesian students; and the School Book Assistance Grant (SchoolBAG), which gave out $187,000 in bursaries to 900 financially-disadvantaged students.

In winning the Seatrade Maritime Asia Sustainability Award, Sembcorp Marine President & CEO Mr Wong Weng Sun said: 'It is especially meaningful to receive this recognition in the current circumstances. Even as we are now grappling with the COVID-19 pandemic and the difficult oil and gas market conditions, we are reminded that Sustainability must never take a backseat at any time. We thank our customers, vendors, employees and community partners for supporting our challenging but fruitful sustainability journey.'

Sembcorp Marine's latest accolade complements two similar awards won in 2017, at the Singapore Apex Corporate Sustainability Awards and the SIAS Investors' Choice Awards.

To download the Sembcorp Marine Sustainability Report 2019, please click here.

About Sembcorp Marine
Sembcorp Marine provides innovative engineering solutions to the global offshore, marine and energy industries. Headquartered in Singapore, the Group has close to 60 years of track record in the design and construction of rigs, floaters, offshore platforms and specialised vessels, as well as in the repair, upgrading and conversion of different ship types. Sembcorp Marine's solutions focus on the following areas: Gas Value Chain, Renewable Energy, Process, Advanced Drilling Rigs, Ocean Living and Maritime Security.

Sembcorp Marine's customers include major energy companies, owners of floating production units, shipping companies and cruise and ferry operators. They are supported by four commercial units: Rigs & Floaters; Repairs & Upgrades; Offshore Platforms; and Specialised Shipbuilding.

Sembcorp Marine operates shipyards and other facilities in Singapore, Indonesia, the United Kingdom, Norway and Brazil.

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For more information, please contact:
Mr Lin Daoyi
Manager, Corporate Communications
Tel No: +65 6971 7040
Email: [email protected]