SK tes sustainability efforts acknowledged with an enhanced Carbon Disclosure Project (CDP) score
Singapore, February 21, 2024 - SK tes is proud to announce its environmental reporting performance for 2023, achieving a B score on the CDP (formerly Carbon Disclosure Project) framework. This places SK tes in the top 42% of reporting companies globally, surpassing regional and industry averages.
The B score signifies 'Management' level performance and reflects SK tes’s commitment to transparency and accountability in carbon footprint and environmental impact. By voluntarily participating in CDP, SK tes demonstrates its dedication to tracking, managing, and reducing carbon emissions for a sustainable future.
“We are thrilled to have achieved a B score on the CDP framework, surpassing last year’s performance,” stated Alvin Piadasa, Group Sustainability Director. “We are committed to continuously improving our environmental responsibility and sustainability performance.”
“Elevating sustainability performance within a company is a transformative journey that requires dedication, commitment, and resources,” continued Mr. Piadasa. “Just as a seed needs nurturing to grow into a robust plant, a business must invest in sustainable practices to prosper in harmony with our planet.”
SK tes’s emissions reduction initiatives and low-carbon services earn high rankings
SK tes achieved an A rating for Scope 1 & 2 emissions reporting, underscoring its commitment to reducing emissions. The company recently announced its pledge to establish science-based net zero targets aligned with Science Based Targets Initiative (SBTi) guidelines. This further solidifies SK tes’s leadership in sustainable business practices.
Our commitment to embedding sustainability within our business strategy, financial planning, scenario analysis, and risk management has been recognized as robust in the CDP report. This acknowledgment validates our dedication to integrating sustainability across all business activities.
Chief Commercial Officer, Eric Ingebretsen, stated, "By furthering our sustainability initiatives, we enhance the benefits we offer to our customers. Collaborating with a sustainable service provider enables our clients to strengthen their sustainability efforts and reduce supply chain emissions. Promoting sustainability within the supply chain benefits both the environment and the economy."
As a leader in sustainable practices, SK tes prioritizes environmental stewardship. Looking ahead, the company aims to achieve an A score (Leadership level) by enhancing renewable energy utilization, Scope 3 emissions reporting, and governance.
About Carbon Disclosure Project (CDP)
CDP is the leading environmental reporting framework used by organizations to independently assess their environmental performance. It is utilized by 746 institutional investor signatories (representing $136 trillion in assets) and over 330 major purchasers who spend more than $6.4 trillion to evaluate ESG performance. In 2023, over 23,000 companies, covering two-thirds of global market capitalization, disclosed their performance through CDP. SK tes has participated in CDP reporting since 2017.
