SINGAPORE, 28 June 2021: Singapore Airlines Group launched a
voluntary carbon offset programme at the weekend, which will enable customers
across its passenger and cargo airlines to offset their own carbon emissions
via dedicated microsites.

Both Singapore Airlines and Scoot customers will be able to
offset carbon emissions from Saturday 25 June onwards any time before or after
a flight. SIA and Scoot will also match the offsets that these customers
purchase for the first six months from the launch of this programme.

SIA Cargo customers will be able to offset their emissions
through a dedicated microsite, which will be available in July. Corporate
customers will be able to participate in the programme from the fourth quarter
of 2021.

The voluntary carbon offset programme will be further
enhanced to allow SIA customers to use their KrisFlyer miles and HighFlyer
points to offset their carbon emissions from the fourth quarter of 2021.

The offsets will be provided via the BlueHalo® digital
solution, which has been developed by Australia-based Tasman Environmental
Markets (TEM). This allows customers to calculate and offset the emissions
associated with their journey immediately.

The high-quality carbon offset projects selected by the SIA
Group have a proven and measurable impact on communities and the environment.
Contributions from the SIA Group’s customers would help to protect forests in
Indonesia, support renewable solar energy projects in India, and provide
efficient, clean-burning cookstoves for rural families in Nepal. Further
details are available in Annex A.

Singapore Airlines, senior vice president corporate planning
Lee Wen Fens aid: “Through the SIA Group’s voluntary carbon offset
programme, our customers now have an opportunity to offset their emissions
through accredited projects that provide clear benefits to people and the
planet. Matching their offsets is our way of encouraging our customers to fly
carbon neutral. The programme supports the Group’s commitment to buttress our
sustainability efforts and reinforces our leadership position in the airline industry
as we recover from the impact of the Covid-19 pandemic.”

The SIA Group’s voluntary carbon offset programme is the
latest step in our ongoing sustainability journey.

In May 2021, the SIA Group committed to achieving net-zero
carbon emissions by 2050. This will be achieved by investments in
new-generation aircraft, achieving higher operational efficiency, adopting
low-carbon technology such as sustainable aviation fuels, and sourcing for
high-quality carbon offsets.

The best way for an airline to materially reduce its
emissions is by operating a young fleet of aircraft. The SIA Group’s fleet
today has an average age of five years 10 months. The Group also continues to
invest in the latest technology, with an order book comprising new-generation models
such as Airbus’ A350-900 and A320neo Family, as well as Boeing’s 777-9, 787
Family and 737-8 Max. These aircraft are up to 30% more fuel-efficient and have
lower carbon emissions compared to older-generation models.

SIA has also been an active member of the Sustainable
Aviation Fuel Users Group (SAFUG) since 2011. In 2017, SIA launched a series of
green package flights from San Francisco to Singapore that incorporated
sustainable aviation fuels, fuel-efficient aircraft and optimised air traffic
management measures. In 2020, SIA worked with Stockholm’s Swedavia Airport to
uplift sustainable aviation fuels on flights departing from the city. These
activities have helped to improve the Group’s understanding of the logistics
and procurement of renewable fuels.

The SIA Group is a participant in the International Civil
Aviation Organisation’s Carbon Offsetting and Reduction Scheme for
International Aviation (CORSIA), which seeks to cap the industry’s growth in
carbon emissions from 2020. While offsetting is particularly important in the
mid-term, it is also expected to remain relevant in the long run to mitigate
residual emissions.