SINGAPORE : PSA Singapore and PSA Marine have been awarded the ISO 14064-1:2018 verification statements, the first among PSA business units to achieve this.
The ISO 14064 verifications reflect the significant efforts these business units have made to establish a systematic methodology to quantify and report Greenhouse Gas (GHG)-related information in accordance with the rigorous requirements and principles of transparency, relevance, completeness, consistency and accuracy set out by the International Organisation for Standardisation (ISO).
Prior to issuing the verification statements, TÜV SÜD PSB, a leading provider of greenhouse gas verifications, performed a stringent audit to ensure PSA Singapore and PSA Marine’s compliance to the ISO 14064-1:2018 requirements. The scope of the audit covered all of PSA Singapore’s container and multi-purpose terminals, and PSA Marine’s operations in Singapore.
As part of the latest requirements under PSA’s Climate Response Management System v3.0, business units are required to undergo verification audits against the ISO 14064 standard periodically to ensure that their GHG emissions and environmental data management remains robust. Every business unit must obtain the ISO 14064-1:2018 verification statements by end of 2023.
Implementing the ISO 14064 standard ensures and maintains GHG emissions data quality and compliance. This in turn facilitates the quantification and tracking of PSA’s performance in reducing GHG emissions, demonstrates credibility in voluntary initiatives such as sustainability reporting, and acts as building blocks for participation in carbon markets, such as the buying and selling of carbon credits, among other benefits.