Singapore companies grapple with reporting carbon emissions from value chain: study

MOST Singapore companies are not fully measuring the carbon emissions associated with their value chains, and many business leaders lack a good understanding of this metric, known as “Scope 3” emissions, a study has found.

This is affecting these companies’ readiness for sustainability reporting, said the study by the Institute of Singapore Chartered Accountants (Isca) and energy-management company Schneider Electric on Tuesday (Jul 2).

Singapore is making it compulsory for listed companies to disclose their Scope 3 emissions from their 2026 financial year; large non-listed companies are potentially set to follow no earlier than FY2029. This means, for example, that a Singapore-listed construction company would have to report emissions from the manufacture and transport of cement, and from product disposal when a building is torn down. Scope 3 also covers emissions from employees’ commute and business travel.