In September 2008, a Sustainability Reporting Team (SRT) was formed with seven representatives from relevant business units to gather information for this report. The Environmental Department of the Corporate Services Group took the overall lead. Seven SRT meetings were held between September 2008 and February 2009 to compile this report, which underwent the following stages:
Determining report content (i.e. materiality) Collation of Global Reporting Initiative (GRI) performance indicators, management approach and information on standard disclosures Report drafting Vetting of report draft Assurance process by a third-party and GRI check
Report Form and Format
The online report is available 24/7 on our corporate web-site. Readers can select sections and make hardcopies of them, or download a PDF version of the entire report.
Report Boundary and Application Level
The entities covered are PowerSeraya Ltd, Seraya Energy Pte Ltd and PetroSeraya Pte Ltd (the latter two are wholly owned subsidiaries of the former – see diagram 2.1). Seraya Energy (SE), is the retail arm of PowerSeraya for the contestable electricity market and is one of the main players in the contestable market. It is material that SE be included in the reporting boundary. PetroSeraya, being the oil trading and oil bunkering arm of PowerSeraya’s business, forms an important, future revenue stream in the company’s overall integrated energy growth strategy. PetroSeraya is thus material to the report content.
Diagram 2.1: Corporate structure of PowerSeraya showing all the report entities
Report Application Level
This report covers 24 Global Reporting Initiative (GRI) performance indicators with at least one from each of the six categories (3 Economic, 12 Environmental, 6 Labour, 1 Society, 1 Human Rights and 1 Product Responsibility). PowerSeraya appointed an independent third party, Ere-S Pte Ltd, to provide assurance on this report. This is a GRI Level B+ report.
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