Media Release SP Group Launches One Of The World's First Blockchain-Powered Trading Of Renewable Energy Certificates City Developments Limited and DBS Bank on board as first buyers of certificates Enables local and international organisations – regardless of size, business or location - to meet their sustainability targets Singapore, 29 October 2018 - SP Group (SP) launched one of the world’s first blockchain-powered renewable energy certificate (REC) marketplace at the ASEAN Energy Business Forum (AEBF) on Monday, 29 October 2018. In conjunction with the launch, AEBF forum participants saw screenshots of the first purchases by buyers, City Developments Limited (CDL) and DBS Bank (DBS). Designed and built in-house by SP’s team of digital energy experts, this marketplace enables local and international organisations – regardless of size, business or location in the world – to trade in RECs. The unique attributes of blockchain technology will ensure the security, integrity and traceability of each REC transaction. This will drive the greater integration of renewable energy sources on the electricity grid. Launching the marketplace innovation at the opening session of the Forum on Monday 29 October 2018, SP’s Chief Digital Officer, Samuel Tan, said, “Through blockchain technology, we enable companies to trade in renewable energy certificates conveniently, seamlessly and securely, helping them achieve greener business operations and meet their sustainability targets.” The SP REC marketplace supports local, regional and international RECs. It also supports different supply options including types of sellers and renewable energy sources. SP announced that local organisations such as CDL and DBS, who are keen drivers of sustainable solutions, have signed on as REC buyers. Solar developers such as Cleantech Solar Asia and LYS Energy Solutions, with local and regional solar assets, have signed a collaboration with SP to place their solar assets on the marketplace for sale of RECs. Katoen Natie Singapore, a global chemical logistics company who will be launching Singapore’s largest single unit rooftop solar facility at a warehouse, has also come onboard as a REC seller. When companies purchase RECs, they are consuming electricity from renewable sources, sold to them by other companies that produce green energy. With SP’s blockchain-powered marketplace, buyers are automatically matched with sellers, around the globe, according to their preferences. This helps big and small organisations to achieve their green targets and strengthens cross-border sustainability efforts with SP’s international reach. It contributes to Singapore’s low carbon targets, as part of its Paris COP-21 agreement. Annex A Hear from our Partners “As a green advocate for over two decades, CDL has always been committed to embracing technology and solutions that reduce environmental impact. Given that buildings consume 40% of energy globally, increasing the use of solar energy and neutralising our operations’ carbon footprint has been a priority in the way we build and manage our projects. We are glad to support the innovative and timely initiative by SP Group to embrace blockchain technology as a platform to accelerate Singapore’s transition to a low-carbon economy.” Ms Esther An, Chief Sustainability Officer, City Developments Limited “As Southeast Asia’s largest bank, we recognise the leadership role we can play in promoting sustainable development, including supporting innovations in renewable energy. SP Group’s blockchain REC platform will make it more economically effective for organisations and will catalyse the transition towards a low carbon economy. We look forward to many more innovations in renewable energy technologies to achieve a sustainable, affordable, secure and inclusive energy future.” Mr Mike Power, Chief Operating Officer of Technology and Operations, DBS “Cleantech Solar is excited to be onboarded onto one of the world’s first blockchain-powered REC marketplace pioneered by SP Group. By having our 120 solar sites in Asia on board this platform, we can now allow consumers, who are unable to generate their own renewable energy, another reliable solution to achieve their clean energy goals. Cleantech Solar is proud to be a contributor to SP Group’s innovative green solutions and together to work towards a zero carbon future.” Mr Raju Shukla, Executive Chairman, Cleantech Solar Asia “We are very excited to be part of the SP REC marketplace. We are launching a 6.8 MWh Solar Power Facility in Singapore this week. The SP REC marketplace gives Katoen Natie access to a broader ecosystem to drive sustainability.” Mr Koen Cardon, Chief Executive Officer, Katoen Natie Singapore “Pioneering the RECs trading since 2016, LYS Energy has envisioned the potential of blockchain technology as a powerful catalyst of a sustainable and global widespread of renewable energies adoption. Innovation leadership is our company philosophy, we are delighted today to be partnering with SP Group to support this significant milestone, as a world-wide debut of ensuring interoperability towards smart grid success while helping companies to achieve their sustainability targets.” Mr Lionel Steinitz, Chief Executive Officer, LYS Energy Solutions About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.5 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. SP Group also drives digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG

Consumption_Water Average consumption of Water (CuM) Premises Types May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 HDB 1-Room 8.0 8.1 8.0 7.9 8.0 8.0 8.0 7.8 7.8 8.0 8.3 8.4 HDB 2-Room 9.6 9.7 9.4 9.5 9.5 9.5 9.6 9.3 9.3 9.3 9.7 10.0 HDB 3-Room 12.2 12.5 12.1 12.4 12.4 12.4 12.3 12.0 12.0 12.2 12.8 12.9 HDB 4-Room 15.4 15.6 15.1 15.5 15.7 15.7 15.5 15.1 15.0 15.5 16.2 16.3 HDB 5-Room 16.7 16.9 16.3 16.8 17.1 17.1 16.9 16.4 16.1 16.7 17.8 17.7 HDB Executive 18.6 18.8 18.2 18.9 19.0 19.2 18.8 18.1 18.1 18.8 19.9 19.7 Apartment 13.7 13.7 13.2 13.3 13.7 13.9 13.7 13.1 12.8 13.1 14.4 14.3 Terrace 25.3 26.0 25.5 25.9 26.0 26.5 26.5 25.2 24.3 25.8 28.0 28.4 Semi-Detached 30.7 30.9 30.7 31.5 31.6 32.9 31.9 30.4 30.0 30.7 34.9 34.6 Bungalow 50.9 48.1 48.0 48.5 51.7 54.8 54.2 48.6 49.4 46.3 59.5 58.1

SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP Group and Hyundai to Accelerate Adoption of EVs in Singapore INNOVATION SP Group (SP) and Hyundai will jointly develop a new business model for battery leasing, or Battery-as-a-Service (BaaS) – a first in Southeast Asia – where EV users lease the car battery instead of owning it. The collaboration includes a study on EV battery utilisation and improving the ownership experience for consumers. It also involves the expansion of the EV charging infrastructure and development of new solutions for battery reuse and recycling to achieve carbon neutrality. This aims to lower the initial cost of purchasing an EV, enhance the accessibility of charging points and build an ecosystem of innovative solutions that can encourage the adoption of EVs in Singapore. Read more in the media release. - 12 November 2020 TAGS INNOVATION YOU MIGHT BE INTERESTED TO READ SP partners Pyxis to launch direct-current fast charging point for electric harbour crafts Using GET™ to help Mercatus digitally manage their tenant utilities SP Group is partnering Mercatus Co-operative Limited to deploy SP Digital’s Green Energy Tech (GET™) solutions to Mercatus’ properties. Developing the digital core of sustainable energy solutions From coding to designing systems, Ibrahim develops and manages all the central platforms and systems that power the SP Utilities app, commercial solutions, and internal projects for SP.

FAQs eBusiness Portal 1. Do I need to personally submit documents to SP Group? All supporting documents required for your requests/applications are to be uploaded onto the eBusiness portal. You need not visit SP Group personally to submit documents. 2. Can I access the portal without creating a user account? No, you need a valid user account to access the portal. 3. How many user accounts can I create? You can only create one user account per email address (For LEWs accounts, there can only be one account per LEW licence number). To create a new account, go to the eBusiness portal login page and click “Create new account”. 4. How will I know that my user registration is successful? You will receive a confirmation email containing a link to reset your password if your registration is successful. If you do not receive the email in your inbox, please check your "spam" or "junk" folder. 5. Is the SP eBusiness Portal free to use? Yes, it is. 6. Am I able to delete my user account after creation? No, user accounts cannot be deleted once created. 7. Why is my user account locked? After your account has been activated, your account will be locked if you entered your password wrongly five times. 8. How I do unlock my account? You can reactivate your account by going to the eBusiness portal login page and click “Account login issues”. Select “My account is locked – unlock my account” option. Follow the on-screen instructions and you will receive an email containing a link to reset your password. 9. What should I do if I forget my username and password? Go to the eBusiness Portal login page and click “Account login issues”. Select “Forget User ID / Password” option. Follow the on-screen instructions and you will receive an email containing a link to reset your password. 10. What are the functionalities of the dashboard? You can submit new applications and requests, view progress, upload documents, view/edit applications and download forms in PDF (entering equipment data and submitting claims for SP Contractors/Consultants). 11. The eBusiness portal login page looks quite odd on my computer screen. This website is best experienced on Google Chrome, and Microsoft Edge.

Consumption_Gas Average consumption of Gas (kWh) Premises Types Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 HDB 1-Room 38 35 34 33 35 35 34 35 34 34 39 36 HDB 2-Room 40 37 34 34 36 36 34 35 35 35 37 35 HDB 3-Room 56 50 48 47 51 51 49 50 49 49 51 49 HDB 4-Room 69 62 58 58 62 63 61 62 60 60 63 62 HDB 5-Room 77 68 64 63 69 70 68 69 66 65 70 70 HDB Executive 82 73 68 68 72 74 72 73 69 68 75 74 Apartment 93 80 76 77 82 86 88 88 85 84 92 93 Terrace 114 93 97 98 98 105 107 108 108 99 108 107 Semi-Detached 130 117 105 115 115 120 117 120 117 115 124 121 Bungalow 234 209 168 197 185 198 206 202 179 195 192 202

Media Release Singapore’s First Centralised Power Plant Simulator & Structured Genco Training Programme 1. Workforce training on operations for Singapore’s power generation companies (Gencos) will now be centralised and standardised with the launch of Singapore’s first Centralised Power Plant Simulator (CPPS). 2. Developed by the Singapore Institute of Power and Gas (SIPG) – the Centralised Training Institute for Power and Gas sectors – in partnership with the Energy Market Authority (EMA) and Gencos, the CPPS courses mark the first time that Gencos operating in a competitive environment have come together to collectively design and level training standards for the sector. This ensures a consistent level of training, which plays a critical role in ensuring a secure and stable supply of electricity for Singapore. 3. Six courses integrated with CPPS training have been co-developed by SIPG and Gencos comprising Keppel Merlimau Cogen O&M, PacificLight Power, Sembcorp Cogen, Senoko Energy, Tuas Power and YTL PowerSeraya. Spanning basic to advanced levels, the training programme establishes a consistent standard for skills training, such as in power plant operations, process controls, and management of common equipment alarms and malfunctions in a controlled environment separate from actual day-to-day plant operations, ensuring the safety of participants as well as plant and system reliability. 4. A simulated environment also ensures that the workforce could be trained in scenarios which are rare in the power sector but can lead to plant shutdowns. A unique feature of the CPPS courses is that various Gencos have committed to provide trainers who are industry practitioners, who will be able to impart valuable knowledge and skills to the participants. 5. As part of the launch of the CPPS, SIPG has introduced a structured training programme consisting of two new Power Generation Certificate Programmes with certificates recognised by all Gencos. Certificates will be issued upon the completion of the CPPS courses, as well as other Power Generation courses offered by SIPG. 6. Minister of State (MOS) for Trade and Industry Low Yen Ling officiated the launch of the CPPS at SIPG today. In her opening speech, MOS Low commended key industry partners for the strong collaboration to bolster the competency of its workforce. 7. Mr Chia Soo Ping, Principal of SIPG, said: “As the energy landscape continues its dynamic and transformative journey, SIPG is focused on cultivating competencies and technological know-how needed for the industry to keep pace with change. The Gencos’ collaborative and structured approach promotes sharing and adoption of best practices. The Centralised Power Plant Simulator training reaps efficiencies and optimises the pooling of resources and expertise across all Gencos in Singapore to strengthen the overall resilience of the workforce for the energy sector.” 8. On the launch of the CPPS, Ms Violet Chen, EMA’s Industry Ecosystem Development Director, said: “We are heartened by the collective effort of SIPG and Gencos to strengthen the training of its workforce. The Power sector will continue to play a critical role in keeping the lights on and gas flowing for Singapore as we step up efforts to advance Singapore’s energy transition towards a sustainable future.”

Resources Can't find what you are looking for? Click on the drop-down box to find the resource that is most relevant to your needs. Resources Billing FORM [Online Form] Close Utilities Account FORM [Online Form] Open Utilities Account FORM Acknowledgement of Electrical Installation Licence Requirement FORM Application for Interbank Giro via SP Utilities Portal FORM Authorisation & Indemnity Form FORM Change of Ownership/Tenancy - Utilities Account Transfer GUIDE Commercial Utilities Guide Book INFO Fact Sheet on Purchase of Electricity from Wholesale Electricity Market through SP Services Ltd INFO Historical Electricity Tariff INFO Historical National Average Household Usage 1 2

新 能 源 展 开 电 动 车 入 网 测 试 推 动 电 动 车 在 本 地 普 及 化 新 能 源 电 网 总 裁 邱 秀 金 为 具 有 V2G 功 能 的 日 产 Leaf 纯 电 动 车 充 电 。 ( 新 能 源 集 团 提 供 ) 新 能 源 集 团 展 开 电 动 车 入 网 (Vehicle-to-grid, 简 称 V2G) 技 术 测 试 , 探 讨 利 用 储 存 在 电 动 车 电 池 内 的 电 源 来 加 强 电 网 的 可 靠 性 , 推 动 电 动 车 在 本 地 的 发 展 与 普 及 化 。 通 过 V2G 技 术 , 电 源 能 够 从 电 网 和 电 动 车 的 锂 离 子 电 池 双 向 流 动 。 电 动 车 除 了 能 使 用 电 网 充 电 , 当 太 阳 能 等 可 再 生 能 源 因 天 气 状 况 而 出 现 波 动 时 , 储 存 在 电 动 车 电 池 内 的 电 源 也 能 输 出 至 电 网 , 用 来 平 衡 电 网 的 电 量 。 新 能 源 集 团 (SP Group) 在 文 告 中 说 , 集 团 将 提 供 四 个 充 电 设 施 , 以 进 行 V2G 技 术 的 测 试 。 这 项 测 试 将 探 讨 V2G 的 功 能 与 应 用 如 频 率 调 节 、 从 电 动 车 输 出 电 源 以 减 少 传 统 电 源 的 需 求 、 减 轻 配 电 系 统 中 电 压 过 高 或 过 低 的 问 题 , 以 及 在 尖 峰 和 非 尖 峰 时 段 的 电 动 车 充 电 能 力 。 测 试 工 作 预 计 将 在 明 年 6 月 完 成 。 新 能 源 集 团 指 出 , 若 V2G 技 术 可 行 , 这 将 是 个 具 有 成 本 效 益 的 方 案 , 能 解 决 电 源 间 歇 性 的 问 题 。 同 时 , 在 必 要 时 使 用 储 存 在 电 动 车 电 池 内 的 电 源 , 车 主 或 也 能 获 得 一 笔 费 用 。 新 能 源 集 团 总 裁 黄 天 源 说 : “ 作 为 全 国 电 网 的 经 营 者 , 我 们 必 须 建 造 可 靠 、 智 能 的 电 网 , 以 确 保 我 们 的 电 源 系 统 能 应 付 日 后 因 使 用 电 动 车 , 所 带 来 的 负 荷 增 加 。 为 推 动 可 持 续 性 的 能 源 , 我 们 也 积 极 投 资 并 使 用 智 能 能 源 方 案 , 加 强 电 网 使 用 可 再 生 能 源 的 能 力 。”

SPH Media Limited MCI (P) 002/04/2024 http://www.tamilmurasu.com.sg ����: 1935 �����: ����� �.������ 30 ஏப்ரல் 2024 • ெசவ்வாய் • 60 காசு மரினா ேப குளிரூட்டுக் கட்டைமப்பில் சன்ெடக் சிட்டி மரினா ேபயில் உள்ள ‘எஸ்பி’ குழுமத் தின் மிகப் ெபரிய அளவிலான நிலத்தடி வட்டாரக் குளிரூட்டு முைறயில் சன் ெடக் சிட்டி இைணந்துெகாள்ளவிருக் கிறது. இதன் மூலம், ஏற்ெகனேவ உலகின் அத்தைகய ஆகப் ெபரிய கட்டைமப்பு விரிவைடயவிருப்பதாக ‘எஸ்பி’ குழும மும் சன்ெடக் சிட்டியும் ஏப்ரல் 29ஆம் ேததி கூறின. ஒப்பந்தத்தின்கீழ், ‘எஸ்பி’ குழுமம், சன்ெடக் சிட்டியின் குளிரூட்டு முைற யின் ெசயல்பாட்டுக்குப் ெபாறுப்ேபற்கும். அந்தக் குளிரூட்டு முைற 2027ஆம் ஆண்டுக்குள் மரினா ேப வட்டாரக் குளிரூட்டு கட்டைமப்புடன் ஒருங் கிைணக்கப்படும். ஒேர ஒரு ைமயப்படுத்தப்பட்ட குளிரூட்டுச் சாதனத்ைதக் ெகாண் டுள்ள சன்ெடக் சிட்டியின் குளிரூட்டு முைற, அதன் ஐந்து அலுவலகக் கட்ட டங்கள், சில்லைறப் ேபரங்காடி, மாநாட்டு மண்டபம் ஆகியவற்றுக்குக் குளிரூட்டுச் ேசைவகைள வழங்குகிறது. சன்ெடக் சிட்டி உட்பட, ெசயல்பாட்டில் உள்ள தற்ேபாைதய ஒட்டுெமாத்தக் குளிரூட்டு ஆற்றல் 203,000 ‘ெரஃப்ரிெஜ ரன்ட் டன்’ அளவில் இருக்கும். சிங்கப் பூரில் வட்டாரக் குளிரூட்டுத் தீர்வுகளுக் கான ஆகப் ெபரிய ேசைவ நிறுவனமாக ‘எஸ்பி’ குழுமம் திகழும். வட்டாரக் குளிரூட்டுக் கட்டைமப்பு, ைமயப்படுத்தப்பட்ட குளிரூட்டுச் சாதனங்கைளப் பயன்படுத்தி, கட்டடங் களின் குளிரூட்டுத் ேதைவகைளப் பூர்த்திெசய்கிறது. இதனால் கட்டைமப் பின் உறுப்பினர்கள் தங்கள் ெசாந்தச் சாதனங்கைள வாங்குவதற்கான ேதைவ இருக்காது. குளிரூட்டு வசதிையப் பகிர்ந்துெகாள் வதாலும், எரிசக்திப் பயனீட்ைடச் சாத கமாகப் பயன்படுத்திக்ெகாள்வதாலும், உறுப்பினர்கள் கரிம ெவளிேயற்றத்ைதக் குைறக்கலாம்; ெசலவுகைள மிச்சப்படுத் தலாம்.

Lianhe Zaobao, Page 5, 28 July 2015 ������������������������ ���������������������� �������� Source: Lianhe Zaobao © Singapore Press Holdings Limited. Permission required for reproduction ���������� ������������������������ ���������������������� �������� ����� �������� ������ yangdx@sph.com.sg ��������������������� ��������������������� ��������������������� ����������������������� ������������������������ ����� ����������������������� ����������������������� ������ ��� leeyee@sph.com.sg ����������������������� ����������������������� ������������������������ ������������������ �������� ������������������ ���������� ������������������ ����������� �������� ������������������� ������������ ������� ������ ������������������� �������� ���������� �������� ����������� �������� ������������������������������� ����������� �������� ���������������������� ����������� ������������������ �������� ����������� ����������������������� ������������������ ����� ������������������� ���������������������� ������������������ ����������������������� ������������������� ����������������������� ������������������ ����������������� ��� ���������������������� ����������������������� ����������������� ����������������������� ������������������� �������� ������������������� ����������������������� ������������������������ ����������������������� ������� � � � � ���������������� ����������������� ���������� ��������� ���������� �������� ��������� ���������� ��������� ��������� ���������� ��������� �������� �������� ��������� ��������� ��������� ��������� ���������� ��������� ����� ����������� ���������

Media Release SP GROUP SETS UP FIRST ZERO-EMISSION BUILDING POWERED BY GREEN HYDROGEN IN SOUTHEAST ASIA Singapore, 30 October 2019 – SP Group (SP) has established the first zero-emission building in Southeast Asia that is powered by green hydrogen. Located at SP’s training centre at Woodleigh Park, the self-sustaining building is 100% powered with renewable energy via an innovative Hydrogen Energy System and is disconnected from the national electricity grid. Mr Brandon Chia, Head, Centre of Excellence, SP Group said: “Buildings contribute 40 per cent of energy related carbon emissions worldwide 1 . The Hydrogen Energy System provides a safe and compact way of storing green hydrogen which powers the region’s first zero-emission building. We believe this can be a significant contributor toward Singapore’s climate change pledge to cut national emissions intensity by 36 per cent below 2005 levels by 2030.” The challenge to achieving zero emission The world in its fight against climate change is using various means to lower carbon emissions. One way is to use renewable energy sources. However, in urban places such as Singapore, due to limited land and inconsistent solar energy, achieving zero emission with 100% renewable energy is extremely challenging. Zero-emission solution An alternative is hydrogen as a green energy source. In the Hydrogen Energy System used by SP, electricity from green sources, such as solar, is used to conduct electrolysis. The hydrogen generated from this process is bonded with special metal alloy powders to form metal hydride, compacted and stored in tanks. When electricity supply is required, the stored hydrogen from the metal hydride tanks is slowly released and converted to electricity via fuel cells. As green energy sources are used for electrolysis, this entire process of converting hydrogen to electricity is 100 per cent green, with zero carbon emission. 1 The buildings and building construction sectors combined are responsible for nearly 40% of total direct and indirect CO2 emissions (International Energy Agency). 1 Safe hydrogen storage While there have been other energy systems using hydrogen as a fuel, the key challenge of hydrogen lies in having a storage solution that is safe for deployment in highly-urbanised areas such as Singapore. The system uses special metal alloy as a storage medium to bond with hydrogen. This allows for the storage of a large volume of hydrogen at a much lower pressure over a long period of time without any deterioration. When electricity is needed, the stored hydrogen is released in a slow and regulated manner, making it safer and more compact to be stored in an urban setting. Encourages greater mix of renewable energy The Hydrogen Energy System can mitigate electricity supply fluctuations and intermittency issues – common shortcomings of renewable energy. When there is surplus renewable energy, it can be stored in the form of hydrogen and converted back to electricity when there is a deficit of renewable energy. This ensures that the grid remains stable even with a greater mix of renewable energy introduced, hence encouraging the use of green energy. SP is working with Marubeni Corporation and Tohoku University on the Hydrogen Energy System with special metal alloy storage tanks from Japan, and to customise and integrate it for use in Singapore. -Ends- 2 About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.5 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. SP Group also drives digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG. 3

News Release UOB and SP Group partner to offset 100% or more of household electricity carbon emissions for UOB EVOL cardholders Cardholders can now achieve their sustainability goals seamlessly and conveniently when they charge their utilities bills to their card Singapore, 23 November 2022 – UOB EVOL cardholders will now be able to offset 100 per cent or more of their household electricity carbon footprint for free when they charge SP Group’s (SP) utilities bills to their credit card, via a new exclusive feature jointly launched by UOB and SP this month. With this new feature, when customers charge SP utilities bills to their UOB EVOL card, UOB will fund and contribute 2 per cent of the billed amount to purchase My Green Credits on the SP app on behalf of the customer. My Green Credits is an affordable and convenient way for customers to get on the sustainability movement by greening their energy consumption through the purchase the amount of “green credits” in the form of Renewable Energy Certificates (RECs)1. For example, when customers charge a $90 utilities bill to their UOB EVOL card, they will receive $1.80 worth of complimentary My Green Credits from UOB, equivalent to 2% of the billed amount. My Green Credits is purchased at a cost of S$0.12 per 25 kWh, which will translate to offsetting 375 kWh (kilowatt hour) or equivalent to an average national 4-room HDB flat’s electricity usage. This is equivalent to offsetting 100 per cent of the home’s electricity carbon footprint (see Annex for illustration). New UOB EVOL cardmembers paying their SP bills via the SP app will automatically enjoy the complimentary My Green Credits, while existing cardholders who are using the SP app to pay their bills before 10 November 2022 will simply need to do a one-time re-add of their EVOL card as a payment method to be eligible. My Green Credits will be automatically reflected within the customer’s SP app, with no additional effort required from them when bill payments are made. This benefit is available for both one-time and recurring SP bills payments. UOB EVOL card is the first in the market to partner with SP Group, Singapore’s national grid operator and leading sustainable energy solutions provider in the region, to offer customers complimentary My Green Credits when they use their EVOL Card to make utilities payment. This feature is applicable to all existing and new EVOL cardholders. The My Green Credits purchased will go towards supporting sustainable energy project developments in the region for the generation of green energy. 1Renewable Energy Certificates (RECs) are tradable green energy attributes that represent units of electricity generated from renewable energy generation facilities. These facilities comply with and are registered under internationally recognised standards, such as the I-REC standard, and are eligible to be issued RECs for every unit of electricity generated. A credit card that supports the green initiative UOB EVOL card is designed to appeal and serve the needs of younger customers, particularly their increasing focus on sustainability. The UOB EVOL Card is Southeast Asia’s first credit card to use bio-sourced materials to minimise ecological footprint. The EVOL Card is made of 84 percent polylactic acid (PLA) and created from renewable sources which are safe for incineration process. An EVOL Card that has expired and discarded is biodegradable in an industrial facility. Each EVOL card cuts down the use of plastic by 84 per cent and reduces carbon footprint by 10 grams per card. EVOL card also has a strong partnership with over 30 green partners to increase customers’ awareness of sustainability in their daily spending. This new card feature is another innovative initiative to further help them contribute to sustainable efforts seamlessly and conveniently. Ms Jacquelyn Tan, Head of Group Personal Financial Services, UOB, said “We understand that every customer has unique needs, preferences and goals, and this drives us to do right by them, to serve them in a way that meets their needs. Our wide suite of credit cards provides a comprehensive range of benefits and rewards to cater to different groups of customers on their differing needs. Through our partnership with SP, we are happy to further support the younger generation’s sustainability goals with our UOB EVOL card. This also shows UOB’s commitment towards sustainability, as we empower customers to work with us to tackle climate change and to forge a more sustainable future together.” Mr Luke Tang, Head of Strategy and Sustainability, SP Group, said “We are pleased to partner UOB to catalyse behaviour that promotes sustainability and the use of renewable energy certificates on the SP App to green household electricity consumption. As younger customers chart their sustainability journeys, we look forward to empowering them with green platforms and resources and collectively accelerate Singapore’s progress towards net zero.” The SP app was launched by SP as the first sustainability lifestyle app in Singapore. It aims to incorporate green solutions and initiatives to provide users with insights and solutions to manage their utilities and to reduce their carbon footprint. In addition to My Green Credits, users can also use the app to manage their utilities, reduce electricity consumption and contribute to Singapore’s sustainability targets to achieve a low-carbon future. On another sustainable front, as part of the UOB EVOL Card My Green Credits launch, SP supported National Parks Board’s (NParks) OneMillionTrees movement to plant a million more trees across Singapore by 2030 through NParks’ registered charity and IPC, Garden City Fund’s Plant-A-Tree programme. UOB and SP will plant 50 trees in April 2023, bringing us closer to realising our vision of becoming a City in Nature, a key pillar of the Singapore Green Plan 2030. Strategic partnership to create better solutions for customers This year marks the fourth year of partnership between UOB and SP, with joint efforts to empower customers on their green goals. Previous collaborations include the purchase of RECs through SP as part of a National Day promotion in 2021 for the EVOL card. UOB has also launched an API with SP in 2020, to allow UOB customers to instantly use their UNI$ to off-set their utility bills. Moving forward, UOB will work with SP to launch another new feature in the first quarter of 2023 that allows UOB cardholders to use their UNI$ to redeem for My Green Credits via the SP mobile app. They can choose which local or international renewable energy projects that they would like to support with the My Green Credits redeemed. Under the My Green Credits initiative, SP is supporting various green projects ranging from a solar farm in Vietnam, to a wind farm in Thailand, to a solar rooftop system in Singapore, to help reduce emissions and impact on the environment. In line with Singapore’s strong push to electrify its vehicle population, ecosystem, UOB and SP also have plans to provide promotional offers to customers who use their UOB cards to pay for electric vehicles (EV) charging at SP EV charging points. Over the past 2 years, UOB has been building up a suite of sustainable future solutions to make it simpler for customers to create impact with their everyday choices. The Bank has an established sustainable investing approach which set standards for its Singapore and regional footprint by curating a suite of sustainable investments across funds, bonds and structured products. This includes its first UOB Personal Financial Services (PFS) secured loans green product framework, serving as the foundation of its Go Green home and car loans. The framework leverages insight from Morningstar Sustainalytics, a leading global provider of ESG research, ratings, and data. In November 2022, UOB also will be availing a digital doorway to sustainable banking on the UOB TMRW app, allowing customers to easily access green deals, investments and banking products on mobile. Through the app, customers will also receive eco-friendly tips for the holiday festivities, and personalised insights to bank and live more sustainably in 2023.   ANNEX: Illustration of offsetting customers’ carbon footprint with UOB EVOL Card