Singapore entities will be able to list product carbon data aligned with global methodology
Partnership between Singapore Business Federation, World Business Council for Sustainable Development will help accelerate global decarbonisation
[SINGAPORE] Businesses and organisations in Singapore can now list product carbon footprints based on global standards with the Singapore Emission Factors Registry.
The World Business Council for Sustainable Development (WBCSD) and the Singapore Business Federation (SBF) signed a memorandum of understanding on Tuesday (May 6) at Ecosperity Week 2025, enabling any entities in the Republic to list high-quality product carbon footprints of their goods and services based on an updated global methodology.
Version 3 of the Partnership for Carbon Transparency (Pact) Methodology and Technical Specifications was recently released by WBCSD after two years of consultations with industry players.
Its adoption by the Singapore Emission Factors Registry, the country’s single reference point for emission factors, will allow businesses to calculate more precise, complete and comparable product carbon footprints, said the organisations.
This partnership represents a milestone in SBF’s and WBCSD Pact’s shared ambition to leverage supplier-specific data across value chains to accelerate global decarbonisation.
Peter Bakker, president and chief executive of WBCSD, said in a press conference during the signing ceremony: “We need better data for companies to make better decisions, which will lead to better carbon performance.”
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Kok Ping Soon, CEO of SBF, noted that the Singapore Emission Factors Registry, which was announced at Ecosperity 2024, now contains more than 200 emissions factor data from the Agency for Science, Technology and Research (A*Star), Singapore government agencies including the National Environment Agency, and partners such as the Singapore Green Building Council.
The registry will then be developed to cover commonly reported areas in Scope 3 emissions data, and to list product footprint data with the adoption of the updated methodology to enable any organisation – not just Singapore companies – to list the high-quality product carbon footprints.
“We believe that our partnership with WBCSD will help our businesses and their value chain partners take positive action to accelerate their decarbonisation chain,” said Kok.
He noted that the partnership, as the first initiative between SBF and WBCSD, is just a start.
“We see eye to eye on many of these (initiatives). We believe that the next bound for decarbonisation is to work down the supply chain,” he added.
Noting big companies are like “queen bees”, Kok said SBF’s next step would be collaborating with WBSCD to enable those companies to drive decarbonisation down to their respective supply chains.
WBSCD is a CEO-led global organisation of over 225 international companies. The council is also connected to 60 national and regional business councils and partner organisations.
WBCSD’s Bakker said: “We, the world, need to manage carbon the way we manage money. It’s only once we bring the financial rigour to our carbon emissions, and the need to reduce those emissions, just like we have the need to reduce costs in financial terms, then we will be successful in scaling up decarbonisation.”
Gamer lifestyle brand Razer has committed to be the first business to list its products’ life cycle assessment and environment product declaration reports in the Pact-aligned registry in Singapore.
Li Meng Lee, chief strategy officer at Razer, noted that the company will leverage on the data to drive its sustainability initiatives locally and rally the industry to do the same.
“Consumers deserve access to transparent and precise carbon footprint data,” said Razer’s Li.
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