Postal service SingPost has announced it is targeting net-zero carbon emissions within its domestic operations by 2030 and within its global business units by 2050.
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. This updated sustainability target forms part of SingPost’s commitment to keep global warming to below 1.5°C.
In addition, SingPost will also adopt the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). This is an initiative of the Financial Stability Board that was created to encourage companies to assess the financial impact of climate-related risks and opportunities. The adoption of the TCFD recommendations is expected to enable SingPost to gain visibility on opportunities and financial impacts of climate-related risks and facilitate the company’s adaptation to these climate challenges.
SingPost has also partnered with WWF-Singapore on an e-commerce reusable packaging pilot initiative that enables e-commerce retailers and shoppers to use SingPost posting box infrastructure island-wide to return the reusable packaging. This initiative has been designed to support the reverse e-commerce logistics supply chain and promote a circular economy.
Michelle Lee, head of sustainability and corporate services at SingPost, said, “SingPost is committed to our purpose of making every delivery count for people and the 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.”