Singapore Launches a New Domestic Emissions Tracker
On April 15, the Singapore Business Federation (SBF) announced a database that enables Singapore-based companies to track and report their carbon emissions more easily and accurately. The program, developed by SBF and supported by the Ministry of Trade and Industry and the Ministry of Sustainability and the Environment and launching in end-2024, is called the Emission Factors Registry. This allows Singapore to keep track of sustainability reporting through a streamlined methodology to meet their emissions reductions goals. The Registry will support existing tools and solutions in the ecosystem that help companies automate their sustainability reporting process. The Registry will also include “Scope 3” emissions, including logistical and administrative carbon-producing activities such as business travel, commuting, waste disposal and water consumption that aren’t always accounted for in reporting.
Under the Singapore Green Plan 2030, Singapore has committed to reduce emissions to around 60 MtCO2e in 2030 after peaking emissions earlier, and to achieve net zero emissions by 2050.
