The initiative is among many sustainable actions which Henkel and its employees have pledged to implement this year in support of Singapore’s Year of Climate Action.
Thomas Holenia, President of Henkel Singapore and Managing Director of Henkel’s Global Supply Chain Hub in Singapore, said: “As a leading global company and being present in Singapore for 35 years, Henkel is committed to contribute towards the sustainable development of the country. Selecting Sunseap as our power provider not only enables us to switch fully to solar energy use, but also establishes us as an early adopter of renewable energy within the Henkel Group.”
Mr Frank Phuan, Co-Founder & CEO, Sunseap Group, said: “We are delighted that Henkel Singapore has chosen Sunseap as their partner to provide sustainable and renewable energy solutions. We are encouraged to see more and more companies making efforts to reduce their carbon emissions and we are committed to help them achieve their environmental sustainability goals.”
In light of the Paris agreement on climate change and the clear need to reduce CO2 emissions, Henkel is pursuing the vision to become climate-positive in its operations and driving significant progress in other relevant areas of its value chain. Among many initiatives, Henkel aims to improve energy efficiency and draw 100 per cent of its electricity use from renewable sources by 2030, with an interim target to achieve 50 per cent coverage by 2020. In Singapore, the liberalisation of the electricity market has paved the way for Henkel Singapore to purchase solar power directly from Sunseap.
Henkel operates globally with a well-balanced and diversified portfolio. The company holds leading positions with its three business units in both industrial and consumer businesses thanks to strong brands, innovations and technologies. Henkel Adhesive Technologies is the global leader in the adhesives market – across all industry segments worldwide.
In its Laundry & Home Care and Beauty Care businesses, Henkel holds leading positions in many markets and categories around the world.
Founded in 1876, Henkel looks back on more than 140 years of success. In 2017, Henkel reported sales of 20 billion euros and adjusted operating profit of around 3.5 billion euros. Combined sales of the respective top brands of the three business units—Loctite, Schwarzkopf and Persil—amounted to 6.4 billion euros. Henkel employs more than 53,000 people globally—a passionate and highly diverse team, united by a strong company culture, a common purpose to create sustainable value, and shared values.
As a recognised leader in sustainability, Henkel holds top positions in many international indices and rankings. Henkel’s preferred shares are listed in the German stock index DAX. For more information, please visit www.henkel.com.
About Sunseap Group
Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International develops, builds, owns and operates ground mounted, rooftop and floating solar PV projects in South East Asia and Pacific regions, including Cambodia’s first utility scale solar farm of 10 MWp and a 140 MWp solar farm in Rajasthan, India.
Sunseap Energy provides clean energy solutions utilising off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets. A notable client is Apple, which recently signed an agreement with Sunseap to procure 100 per cent of its local energy requirements from renewable sources.