The Singapore Business Federation (SBF) launched a registry on Monday (Apr 15) to help local businesses track and report their carbon emissions more easily and accurately.
The Emissions Factor Registry is meant to help businesses meet their climate reporting needs, said Minister for Sustainability and the Environment Grace Fu, who announced the registry’s launch at the opening of Ecosperity Week 2024.
The Emissions Factor Registry is a joint effort between the SBF, Agency for Science, Technology and Research (A*STAR), PricewaterhouseCoopers (PwC) and Singtel, and supported by the Ministry of Trade and Industry and the Ministry of Sustainability and the Environment.
“The idea of the registry emerged from a Forward SG conversation in 2022, where companies highlighted the difficulties presented in reporting scope 3 emissions,” Ms Fu, who is also Minister-in-charge of Trade Relations, noted in her keynote address.
Scope 3 emissions typically refer to indirect emissions from entities up and down a company’s value chain, such as business travel, commuting, waste disposal and water consumption.
The registry works by capturing a database of emission factors developed based on Singapore’s context. These emission factors will convert operational data from business activities into corresponding greenhouse gas emissions.
CNA
