Keppel : obtains triple-A rating in MSCI ESG ranking

Keppel also recognised by S&P Global, CDP and Corporate Knights for sustainability efforts

Keppel Corporation today announced that it has retained the highest triple-A rating in the Morgan Stanley Capital International (MSCI) environmental, social and governance (ESG) ratings¹ following the latest review by MSCI last week. The Company has held the triple-A rating since February 2020.

Keppel Corporation is ranked as a leader, and among the top 8% of global industrial conglomerates, based on ESG criteria, in the MSCI All Country World Index (ACWI). The ACWI is MSCI's flagship global equity index, which covers more than 2,800 constituents. The Company was also rated as an ESG leader in the areas of corporate governance, labour management, and opportunities in clean tech.

MSCI ESG ratings aim to measure companies' resilience to long-term ESG risks and their ability to manage those risks relative to peers. Companies are scored on an industry-relative triple-A to triple-C scale across 1,000 data points on ESG policies, programmes and performance. Keppel Corporation is a constituent on the MSCI ACWI and World ESG Leaders Indexes, and has been included on the MSCI ESG Leaders Indexes since 2014.

Mr Loh Chin Hua, CEO of Keppel Corporation, said, 'We are proud to have Keppel's sustainability efforts recognised by MSCI and various other international platforms. As part of Keppel's Vision 2030, we have put sustainability firmly at the core of the Company's strategy. Beyond running our business in a sustainable manner, we believe in making sustainability our business. With a strong track record in providing sustainable urbanisation solutions, Keppel can contribute to advancing the international sustainability agenda and contributing to a cleaner and better future.'

Keppel's sustainability efforts have also been affirmed by its recent inclusion/ retention on several other global sustainability benchmarks:

Earlier this month, Keppel Corporation was included in S&P Global's Sustainability Yearbook 2021, and achieved the Industry Mover Award for the Industrial Conglomerates category. The Yearbook showcases the best performing companies in terms of financially-material ESG metrics. In 2020, S&P Global assessed 7,032 companies in 61 industries in its Corporate Sustainability Assessment (CSA), with 630 sustainability leaders selected for the Yearbook. Keppel scored among the top 15% in the industry in the CSA, and also recorded the strongest score improvement within the industry.

In December 2020, Keppel Corporation achieved a score of A- for CDP's Climate Change Assessment, and was recognised by CDP as one of the Most Improved Companies for the year 2020, in the Hong Kong, Macau and Southeast Asia region. CDP is a non-profit that runs a global disclosure system that helps companies and cities manage their environmental impacts. The recognition is a testament to the Company's commitment to continually enhance its environmental performance in line with best practices.

In addition, Keppel Corporation has been recognised by Corporate Knight's Clean 200, as one of the companies leading the way in the transition to a cleaner energy future. The 2021 Clean200, which is published by Corporate Knights in partnership with Berkeley-based non-profit As You Sow and released yesterday, is an annual ranking of the world's largest publicly listed companies according to the size of clean energy revenues.

In addition to the MSCI ESG Leaders Indexes, Keppel Corporation is also an index component of the FTSE4Good Index maintained by the Financial Times Stock Exchange Group, the iEdge SG ESG Leaders Index and iEdge SG ESG Transparency Index by the Singapore Exchange, and the Euronext Vigeo World 120 by Euronext, the primary exchange in the Eurozone.

Keppel is a signatory to the United Nations Global Compact, and is committed to the 10 principles of the Global Compact. The Company is also committed to the international sustainable development agenda, and leverage collaboration and partnership to support the achievement of the United Nations' Sustainable Development Goals (SDGs). Keppel has incorporated 10 of the SDGs as a supporting framework to guide its sustainability strategy.

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About Keppel Corporation

Keppel Corporation is one of Singapore's flagship multinational companies with a global footprint in more than 20 countries. Keppel provides solutions for sustainable urbanisation, focusing on four key areas comprising energy & environment, urban development, connectivity and asset management. With sustainability at the core of its strategy, Keppel harnesses the strengths and expertise of its business units to develop, operate and maintain real assets, which provide diverse solutions that are good for the planet, for people and for the Company.

¹_{Disclaimer Statement: The use by Keppel Corporation of any MSCI ESG Research LLC or its affiliates ('MSCI') data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Keppel Corporation by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided 'as-is' and without warranty. MSCI names and logos are trademarks or service marks of MSCI.}