At JC&C, sustainability is at the heart of our corporate strategy, and our decisions are driven by our commitment to addressing environmental concerns. Our environmental goals are substantiated with concrete actions that drive tangible change. Since 2019, we have invested over US$1 billion towards the low-carbon transition, particularly in opportunities within the areas of transition minerals and renewable energy.
We recognise the climate-related risks that JC&C and our portfolio companies are exposed to. Building a climate-resilient business is important to us and climate action is a priority at JC&C. In support of the global transition towards a low-carbon economy, we have clear emissions reduction targets and decarbonisation ambitions to guide us in our investment decisions and business operations.
Climate-related risks & opportunities
Having a clear grasp of the climate-related risks and opportunities facing our businesses, JC&C elevated our approach to managing the sustainability of our portfolio through referencing the Task Force on Climate-related Financial Disclosures (“TCFD”) framework.
In 2022, we published our first Climate Change Report in line with the recommendations of the TCFD after evaluating our climate risks and opportunities.
In our disclosures, we highlighted that automotive and coal are our top two sectors facing the highest risk due to climate change. As such, we are making strategic investments towards growth areas such as electrification infrastructure and transition minerals like nickel.
As the world progresses towards a low-carbon economy, there are also climate-related opportunities presented to us. For instance, we see potential in renewable energy innovations in our key markets of Indonesia and Vietnam. In line with this, we have set a target to generate an additional 1,000MW of renewable energy capacity from 2019 to 2030.
Decarbonisation
We are doing our part to promote the reduction of greenhouse gas (“GHG”) emissions within our portfolio companies. JC&C adopts the groupwide Jardine Matheson policy on Climate Change, which serves as the foundation for our decarbonisation efforts.
We have committed to reduce 30% of our net Scope 1 and 2 absolute emissions by 2030, measured against a 2019 baseline. JC&C will continue to track emissions data against our target, conduct annual audits of our GHG inventory and encourage our portfolio businesses to identify opportunities for improved operational efficiency and renewable energy adoption.
Mitigating the impact of climate change is a long-term and ongoing endeavour. At JC&C, we continually keep abreast of developments. We seek to support the transition of our portfolio companies, strengthening knowledge sharing to enhance our commitment to climate action and sustainable practices together.
