First sustainability report

PSA International Pte Ltd’s (PSA) sustainability report reflects the PSA Group’s commitment as a business to build a more resilient and sustainable port and supply chain ecosystem, and drive accountability and continual improvement in its sustainability performance.

Tan Chong Meng, Group CEO, said: “This Report reflects our commitment and ambition to be a global leader in climate action and to drive sustainable growth in the port and logistics industry. On top of building our digital capabilities to enhance supply chain resilience, we are also striving to innovate new cargo solutions to enable greener logistics choices for supply chain users, especially shippers who are similarly concerned about climate change.”

Ambitious carbon reduction goals

The Group aims to reduce its absolute carbon emissions by 50% by 2030 (against a 2019 baseline year) and progressively achieve net zero carbon emissions by 2050. Its target covers Scope 1 and Scope 2 emissions as classified by the Greenhouse Gas (GHG) Protocol standard.

PSA has already made significant investments to bring about rapid decarbonisation of its operations, including progressive electrification of its equipment and test-bedding of alternative energy vectors like hydrogen. Tuas Port in Singapore will also showcase the latest climate friendly technologies.

Anchoring these efforts is the Group’s Sustainability Strategy Framework presented in the Sustainability Report – a framework derived from a rigorous assessment of the Environmental, Social and Governance (ESG) factors that are material to PSA’s business and stakeholders. The framework focuses on the strategic priorities of: Taking Climate Action, Transforming Supply Chains, and Nurturing A Future-Ready Workforce, underpinned by a commitment to steward responsible business practices across the Group consistently and coherently.