SEMBCORP LAUNCHES NEW CORPORATE VENTURE CARBON MANAGEMENT SOLUTIONS, GONETZERO™

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– Collaborations with OCBC, Razer and UBS to drive decarbonization initiatives

SINGAPORE, November 14, 2022 /PRNewswire/ — Sembcorp Industries (Sembcorp) will launch its carbon management solutions business, GoNetZero™, today at the Singapore Pavilion on 27e United Nations Climate Change Conference (COP27) in Egypt.

A unique partner for renewable energy and carbon management

The creation of GoNetZero™ completes Sembcorp’s offering as a pan-Asian leader in renewable energy. By providing one-stop access to renewable energy certificates and carbon credits as well as portfolio management of renewable energy and environmental attributes, GoNetZero™ works with its customers to support their corporate action plans to the climate.

Ng Lay Sanco-founder and head of GoNetZero™, said: “Companies hold the key to global net zero emissions. GoNetZero™ provides companies with a full range of solutions from renewable energy certificates to carbon credits, to achieve their decarbonization goals. »

A collaborative platform with real-time verified renewable energy capabilities

Backed by Sembcorp’s deep engineering and digital expertise, GoNetZero™ is backed by a collaborative digital platform using blockchain technology.

Charles Kofounder of the GoNetZero™ platform and Chief Digital Officer of Sembcorp, said, “We built the GoNetZero™ digital platform using blockchain technology. The platform provides tools for analysis, reporting and tracking, with the ability to verify renewable energy from source in real time. Corporate clients can execute their climate action plans with confidence and transparency.”

Support leading companies on decarbonization initiatives

Several initiatives in collaboration with major industry players will be announced with the launch of GoNetZero™.

OCBC Bank is a partner of GoNetZero™ on a renewable energy certificate aggregation program with financial support. The program aims to encourage companies to deploy and adopt renewable energy through various initiatives. The first phase of the program will target companies in Singaporewith expansion plans to South East Asia later.

Razer, the world’s leading lifestyle brand for gamers, launched its sustainability service Restorify last week. Led by Razer Fintech, the company’s fintech arm, Restorify offers carbon-neutral, trackable, split payment for consumers and businesses. This is made possible through its partnership with GoNetZero™ and ESGpedia.

With GoNetZero™, UBS in Singapore pilot from Asia first hourly adequacy of electricity consumption with the renewable energy that it procures in Singapore in accordance with EnergyTag certification standards. Using GoNetZero™’s blockchain-based digital platform, UBS’s pilot project Singapore will introduce the ability for granular time-based auditing and tracking to identify opportunities for further carbon footprint reduction.

Supported by EDB’s Corporate Venture Launchpad

GoNetZero™ has been supported by the Singapore Economic Development Board’s (EDB) Corporate Venture Launchpad, a corporate program aimed at helping companies launch new ventures from Singapore with the potential to become leading companies globally.

This announcement has no impact on earnings per share and net asset value per share of Sembcorp Industries for the year ended December 31, 2022.

For analyst and media inquiries, please contact:

Analysts

Media

Ling Xin Jin

Assistant vice president

Group Investor Relations

DID: +65 6723 3384

[email protected]

Karin Xiao

Assistant Vice President

Group Media Communication

Tel: +65 6723 3140

[email protected]

ABOUT GONETZERO™

GoNetZero™ is a trusted net zero solutions partner for businesses. By providing centralized access to renewable energy and carbon management solutions, including renewable energy certificates and carbon credits, GoNetZero™ enables businesses to Asia and globally to take urgent climate action.

Built on a collaborative digital platform using blockchain technology, GoNetZero™ offers portfolio management of renewable energy and environmental attributes, a marketplace for renewable energy certificates and carbon credits and has the ability to check renewable energy from source in real time.

GoNetZero™ is a company of Sembcorp Industries, a pan-Asian leader in renewable energy. For more information, please visit www.gonetzero.ai/

For more information on Sembcorp Industries, please visit www.semcorp.com

Please click here for more information on the GoNetZero™ digital platform and download the infographics on the functioning of the sub-hourly adequacy of renewable energies to consumption.

SOURCESembcorp

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