Leader Energy is pursuing the Group’s climate goals in support of climate goals set out under the Paris Agreement, i.e. to limit global warming to below 2°C and preferably below 1.5°C, compared to pre-industrial levels. With that, the Group has set out to first achieve an interim climate goal of carbon neutrality primarily through the Group’s continuous carbon offset strategy through portfolio expansion in RE assets to provide carbon credits / offset to balance out the Group’s carbon emissions.

The Group also aims to achieve its long-term climate goal of net zero GHG emissions through the retirement of the 2 coal-fired plants in 2043 (for the CEL Plant) and 2050 (for the CEL II Plant). This will also be supported by the Group’s continuous carbon offset strategy through portfolio expansion in RE assets to provide carbon credits / offset.

Meanwhile, Leader Energy will be focusing on profitable and sustainable RE growth projects and acquire projects with proven track records or potential on profitability through competitive bidding of brownfield and/or greenfield projects that meet the Group’s investment criteria.

And not forgetting the importance of implementing an operational excellence plan that is focused on people, processes and technologies; optimising costs to support the Group’s business growth in line with its RE portfolio expansion plan.