SG Holdings

SG Holdings has set a net-zero target for 2050 and has intermediate targets for 2030 for specific reductions in scope 1, 2 and 3 emissions. However, the company’s net-zero target only includes scope 1 and 2 emissions. As scope 3 emissions make up a significant proportion of the company’s total emissions, the company should develop a net-zero target that covers its entire operations.

SG Holdings has set a target to expand its fleet of electric vehicles to 7,200 by 2030. The company currently has 20 EVs in operations which is less than 0.1% of its total fleet of over 26,000 vehicles, and it has only added 4 new EVs since 2016. In the same period, the company has added over 5,000 new diesel vehicles. SG Holdings needs to rapidly increase its low-carbon vehicles share to 30% by 2030 to align with its 1.5°C pathway.

SG Holdings has no clear strategy, promotional initiatives, or financial incentives to influence customer demand for low-carbon transport alternatives. Along with technological choices, one of the main drivers of transport operators’ levels of GHG emissions is the demand for transport. The company should set out a clear strategy to promote low-carbon solutions to customers. This could include providing financial incentives such as discounts or marketing campaigns.

SG Holdings has set a target to achieve net-zero emissions for scope 1 and 2 emissions by 2050 and has set interim emissions reduction targets for 2030. The company has not set a net-zero target for its scope 3 emissions which account for a significant proportion of its total emissions.

SG Holding plans to significantly expand its use of electric vehicles and biofuels while developing more lightweight and energy-efficient vehicles. The company also plans to procure more renewable energy and promote a modal shift in its supply chain from road to lower-carbon rail transportation.

SG Holdings is in the early stages of expanding its EV fleet and currently only has 20 EVs in operation which account for less than 0.1% of its total fleet. The company has started to increase its use of less carbon-intensive transport modes such as rail and sea.

The company has had some success in reducing its scope 1 and 2 emissions in the recent past, achieving a 10% reduction between 2016 and 2020. However, when scope 3 emissions, including those from subcontracted transport, are included; the company’s total emissions significantly increased over the same period.

SG Holdings has made some progress toward integrating transition planning into its management structure. The company has set a scope 1 and 2 net-zero target for 2050 but there is limited evidence that it is aligning its business model with the low-carbon transition.

No evidence was found of the company’s commitment to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders.

No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue or engagement with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks.

The company discloses the actions it takes to provide training opportunities for workers and affected stakeholders. For instance, it provides hands on training to enhance skills and knowledge. However, no relevant disclosure was found of the company embedding equality of opportunity for women and vulnerable groups in these actions. Furthermore, no evidence was found of the company having a process for identifying skills gaps for workers and affected stakeholders or a public commitment to help workers displaced by the transition to reskill or upskill.

No relevant disclosure was found to show if the company identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders.

No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

The company commits to respecting human rights and the ILO fundamental rights at work. However, it can strengthen its disclosure on its human rights due diligence process as well as engagement and expectations of its suppliers and affected stakeholders.

The company commits to the health and safety of its workers and gender equality, and it discloses some information on workforce diversity fundamentals. However, the company can strengthen its disclosure on these subjects, as well as on its living wage and working hours practices.

The company commits to personal data protection, and it has policies regarding anti-bribery and anti-corruption, as well as a global tax strategy. However, the company can strengthen its disclosure on these topics as well as on the fundamentals of responsible lobbying and political engagement.