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Focus on carbon management is growing as it becomes clear that all companies need to move urgently towards net zero ambition to tackle climate change and future-proof their businesses. Whether voluntarily or to meet regulatory requirements, companies need to take ownership of their activities, calculate and understand the source of their emissions and plan for their reduction and potential offsetting.

We provide below steps and solutions to help you start your carbon management journey and set net-zero ambitions. To meet the Paris Climate Agreement's goal, we need to significantly reduce our GHG emissions this decade, halve GHG emissions by 2030, and achieve net-zero emissions by 2050.

As stated by the IPCC, this is the only way to keep global warming well below 2°C, avoid the worst impacts of climate collapse, and strengthen potential adaptation.

Its time to act now!

Step 1: Define project boundaries
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The first step in your corporate carbon management journey is to map your activities and define the operational boundaries for your carbon footprint assessment. It is useful to use Scopes 1, 2 and 3 as defined by the Greenhouse Gas Protocol, the most widely used greenhouse gas accounting standard in the world:

- Scope 1 emissions are the direct emissions from sources owned or controlled by your company, such as company vehicles, your factories or buildings burning fuel.

- Scope 2 emissions are the indirect emissions from the generation of purchased electricity, steam, heat and cooling consumed in facilities or operations owned or controlled by your company.

- Scope 3 emissions are the indirect emissions from transporting your products to the point of sale, your employees' business flights and commutes, the raw materials you use in your products...

To facilitate your carbon emissions inventory, start with a simplified list of your company's business physical flow:

  • Operations (e.g.: buildings, employee and visitor mobility, product output)
  • Energy sources
  • Supply chain activities (raw materials and distribution)

Include your Scope 3 emissions in your inventory from the start, even if you think it will be difficult to properly collect all the relevant quantitative data. At least you will have a qualitative overview of your carbon emissions inventory. You may then decide to start with a partial Scope 3 calculation for the first few years and then gradually include the full inventory.

This baseline overview of your carbon emissions inventory will be your starting point for defining the next steps for data collection and management.

Scope 1

are direct emissions from owned or controlled sources
(ghgprotocol.org)

Scope 2

are the indirect emissions from purchased electricity
(ghgprotocol.org)

ADDITIONAL RESOURCES

The GHG Protocol Corporate Accounting and Reporting Standard provides requirements and guidance for companies and other organisations to prepare a corporate GHG emissions inventory.

Here is an example to download (excel format) of a framework for defining your project boundaries using Scopes 1,2 and 3 of the GHG Protocol.

Suppliers that provide solutions:
Sustainability Consulting Services
Sustainao Pte. Ltd

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders. Our sustainability consulting services are designed in a continuous improvement process:

  • Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  • Deployment: action plan, KPIs, targets, data monitoring, training
  • Reporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  • Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  • Assessment: gap analysis, benchmarks, mock audits
consultancy and training services on sustainability, strategy, risk and entrepreneurship
SustainableSG

SustainableSG was started in September 2018 to accompany companies, non-profit entities and government agencies to review and implement effective and sustainable corporate strategies. Our services include:

  1. Strategy development and planning
  2. Assessing climate change-related risks and the impact to your organization
  3. Training and enhancing organizational capabilities
  4. Sustainability reporting and stakeholder engagement
  5. Public education
Climate solutions provider
South Pole

South Pole has been at the forefront of decarbonization since 2006, developing and implementing comprehensive strategies that turn climate action into long-term business opportunities for Fortune 500 companies, governments and organizations around the world.

South Pole is more than a consultancy, its team of 1,200+ experts have developed projects, as well as designed innovative tools across finance, climate neutral APIs, and carbon offset solutions to help clients reach their carbon mitigation and Net Zero goals.

To date South Pole has worked with over 1,000 clients, and will soon have developed 800 offset projects across 30 offices globally.

Our solutions have created tens of thousands of jobs in developing countries, hundreds of millions of dollars for business, improved brand value and better living and working conditions for countless people in vulnerable communities around the world.

Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. Our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

end-to-end decarbonisation platform
Terrascope

Terrascope is an end-to-end decarbonisation platform that enables enterprises to measure and manage their Scope-1, Scope-2 and Scope-3 emissions across operations, supply chains, and portfolios.

Sustainability consulting
Tamotsu Institute

ACTIVATE - DESIGN - ACCELERATE. Our expert consulting services and trainings help business leaders understand the complexities of sustainability, consider climate- and nature-related risks and opportunities to make informed decisions and alleviate the administrative burdens of:

  1. Risk management and compliance
  2. Organizational transformation and project management
  3. Stakeholder engagement and reporting

We work directly with SMEs or collaborate with other sustainability consulting companies on specific projects. We are actively involved in networks of sustainability professionals who share knowledge with public and educate other professionals to bring awareness and accelerate the transition in Singapore and worldwide (incl. The Matcha Initiative, Climate Fresk, etc.).

Our unique strength stems from understanding sustainability from the risk management perspective, creating a business case and using financial reasoning to adopt sustainable business practices and decarbonize.

Step 2: Choose a Carbon Footprint Calculator / ESG Management Platform
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To compile all the data for company level reporting, you will need to choose a methodology and build or use an existing carbon footprint calculator or ESG Management Platform. There are free software tools available online to help your company understand and calculate the emissions from its own operations, as well as ESG Management Platforms.

Here is an overview of the criteria to consider before choosing which tool to use:

1/ Reporting standards and methodologies

Depending on your reporting objectives, you may need to choose a specialised tool that allows you to follow standards for regulatory compliance (e.g. Greenhouse Gas (GHG) Protocol) or to integrate your carbon footprint management into a broader sustainability reporting, such as ISO management.

2/ Training and certification

It is important to take the time to be properly trained on the chosen tool. You will need to check what type of training is available.

Please note that:

  • Your carbon footprint methodology must cover all direct and indirect emissions (at least Scope 1 & 2 in the first year) and include an action plan for reduction.
  • It must be carried out by a trained professional in order to be certified.

To take your journey further, it is advisable to have a trained project leader in-house or to be accompanied by specialists.

See some online calculators below and more on The Matcha Initiative toolbox. Many ESG Management apps are also now available. Some are listed below in the suppliers section and more in our supplier directory.

500 GtCO2

is our remaining global carbon emissions budget under a 1.5°C target scenario
(IPCC's estimate)

50 GtCO2

is our annual global amount of carbon emissions - sadly, still increasing every year
(IPCC's estimate)

ADDITIONAL RESOURCES

Suggested list of free online calculators with pre-set embedded emission factors, guidelines and training to help you start your carbon footprint inventory:

- Calculation Tools from the GreenHouse Gas Protocol  (GHG Protocol). They have a whole range of calculators. Choose the ones adapted to your activities.

- Simplified greenhouse gas emissions calculator from US EPA

- UN climate change calculator for organisations, from UN Climate Change Agency

- CERT from Global Compact Network Singapore, a recommended tool to start with in Singapore. Free for CPLC & GCNS members.

Some Specific Calculators:

- UN Climate Change Calculator for Events

- Website Carbon Footprint Calculator, from Wholegraim Digital

Suppliers that provide solutions:
Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. Our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

end-to-end decarbonisation platform
Terrascope

Terrascope is an end-to-end decarbonisation platform that enables enterprises to measure and manage their Scope-1, Scope-2 and Scope-3 emissions across operations, supply chains, and portfolios.

End-to-End sustainability and Energy Efficiency intelligence platform
faradai

Company providing End-to-End sustainability and Energy Efficiency intelligence services. It contains three main components:

  • Faradai Sustain helps enterprises achieve and report on their Net Zero goals, improve data visibility, and utilize AI to provide actionable insights.
  • Faradai Energy is a data science-centric Intelligence Platform that employs machine learning algorithms and big data analytics to provide energy saving, operational efficiency, energy procurement optimization, predictive maintenance, and sustainability management for its customers.
  • Faradai Grid is orientated directly to Renewable Energy Sources, EV infrastructure, and BESS management.
Climate solutions provider
South Pole

South Pole has been at the forefront of decarbonization since 2006, developing and implementing comprehensive strategies that turn climate action into long-term business opportunities for Fortune 500 companies, governments and organizations around the world.

South Pole is more than a consultancy, its team of 1,200+ experts have developed projects, as well as designed innovative tools across finance, climate neutral APIs, and carbon offset solutions to help clients reach their carbon mitigation and Net Zero goals.

To date South Pole has worked with over 1,000 clients, and will soon have developed 800 offset projects across 30 offices globally.

Our solutions have created tens of thousands of jobs in developing countries, hundreds of millions of dollars for business, improved brand value and better living and working conditions for countless people in vulnerable communities around the world.

Tech solution provider helping companies of all sizes embark on their sustainability journey via ESG data
stacs

STACS is a Singaporean ESG fintech firm partnering with the local Monetary Authority of Singapore (MAS) to develop a ESG data registry, ESGpedia. Its version 2.0, launched in May 2023, has greater data coverage, enhanced solutions and analytics as well as assessment tools, to help financial institutions, corporates and SMEs achieve their decarbonisation and strategic sustainability goals.

Carbon emission verification ISO 14064, LCA ISO14067, Green Compass Trainer, other sustainability courses from TUV SUD academy
Tuv Sud

We are passionate about people, the environment, and technological progress. We anticipate technological developments and facilitate change – defining standards and going beyond regulatory compliance. Staying true to our founding principle, we add value by creating a safer and more sustainable future.

Carbon emission verification ISO 14064, LCA ISO14067, Green Compass Trainer, other sustainability courses from TUV SUD Academy, Energy audits

Step 3: Collect data & emission factors
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Once you have mapped your activities and selected the appropriate tool, you will focus on collecting data activities and emission factors to measure carbon emissions.

# Data activities

You can try to identify the best available data or proxy to do this, and think about how to improve the measurement later. Accuracy is not the primary objective here: a range may be sufficient to enable you to identify the key levers for reducing your carbon footprint. Make sure you define and document your methodology for measuring your carbon footprint baseline, so that you can monitor and fine tune your future reduction action plan.

# Emission factors

You can start with default emission factors from the UN Emission Factor Database (EFDB) which takes into account the 2006 IPCC Guideline for National Greenhouse Gas Inventories and its supplements among others. The Singapore grid emission factor used in the calculation is based on grid emissions published annually by the Energy Market Authority (EMA).

Throughout the process, you will identify areas for progress in data collection and emission factor definitions. Of course, improving your carbon footprint measurement methodology could be part of your future carbon management action plan!

To complete this step, it may be useful to obtain a carbon assurance statement from a third party to verify the accuracy of the GHG emissions data.

See some emission factors databases below and more on The Matcha Initiative toolbox.

0.4057 kg CO2/kWh

is 2021 Singapore Grid Emission Factor - GEF
(EMA)

60 MtCO2e

is Singapore's Low Carbon Strategy 2030 emissions target
(NCCS)

ADDITIONAL RESOURCES

Some emissions factors to start with:

- Electricity Emission Factors in Singapore  from Singapore Energy Market Authority (EMA)

- UK Government Conversion Factors for Greenhouse Gas (GHG) Reporting. ‍As this is from the UK, you should take the electricity factors from the EMA link above, but all the other emissions factors can be used.  

- The GHG Protocol's website provides Excel spreadsheets with emission factors.

- Emission Factor for Greenhouse Gas inventories, from The United States Environmental Protection Agency (US EPA) (2015)link to :

- For business air travel carbon emissions, from The International Civil Aviation Organization (ICAO), a specialized agency of the United Nations.

Suppliers that provide solutions:
Sustainability Consulting Services
Sustainao Pte. Ltd

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders. Our sustainability consulting services are designed in a continuous improvement process:

  • Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  • Deployment: action plan, KPIs, targets, data monitoring, training
  • Reporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  • Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  • Assessment: gap analysis, benchmarks, mock audits
consultancy and training services on sustainability, strategy, risk and entrepreneurship
SustainableSG

SustainableSG was started in September 2018 to accompany companies, non-profit entities and government agencies to review and implement effective and sustainable corporate strategies. Our services include:

  1. Strategy development and planning.
  2. Assessing climate change-related risks and the impact to your organization.
  3. Training and enhancing organizational capabilities.
  4. Sustainability reporting and stakeholder engagement.
  5. Public education.
Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. Our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

end-to-end decarbonisation platform
Terrascope

Terrascope is an end-to-end decarbonisation platform that enables enterprises to measure and manage their Scope-1, Scope-2 and Scope-3 emissions across operations, supply chains, and portfolios.

End-to-End sustainability and Energy Efficiency intelligence platform
faradai

Company providing End-to-End sustainability and Energy Efficiency intelligence services. It contains three main components:

  • Faradai Sustain helps enterprises achieve and report on their Net Zero goals, improve data visibility, and utilize AI to provide actionable insights.
  • Faradai Energy is a data science-centric Intelligence Platform that employs machine learning algorithms and big data analytics to provide energy saving, operational efficiency, energy procurement optimization, predictive maintenance, and sustainability management for its customers.
  • Faradai Grid is orientated directly to Renewable Energy Sources, EV infrastructure, and BESS management.
Climate solutions provider
South Pole

South Pole has been at the forefront of decarbonization since 2006, developing and implementing comprehensive strategies that turn climate action into long-term business opportunities for Fortune 500 companies, governments and organizations around the world.

South Pole is more than a consultancy, its team of 1,200+ experts have developed projects, as well as designed innovative tools across finance, climate neutral APIs, and carbon offset solutions to help clients reach their carbon mitigation and Net Zero goals.

To date South Pole has worked with over 1,000 clients, and will soon have developed 800 offset projects across 30 offices globally.

Our solutions have created tens of thousands of jobs in developing countries, hundreds of millions of dollars for business, improved brand value and better living and working conditions for countless people in vulnerable communities around the world.

Define short-term & long-term commitment
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Once you have a better understanding of your company's carbon footprint, define a strategy to achieve net-zero carbon emissions with interim (2030) and long-term (2050) targets in line with your industry's 1.5°C roadmap.  Now that you know which part of your business (including upstream and downstream) has the greatest impact on climate change, you can work on your reduction strategy and prioritise actions based on the level of impact and difficulty of implementation.

Benchmarking against peers can provide suggestions for realistic reduction targets to drive your company's strategy in line with the state of the art in your sector.

According to the Science-based Targets Initiative - SBTi, two conditions must be met for companies to reach a state of net-zero emissions:

  1. Achieve a level of emissions reduction in the value chain that is consistent with the depth of abatement achieved in pathways that limit warming to 1.5°C with no or limited overshoot
  2. Neutralise the impact of any remaining sources of emissions that cannot be eliminated by permanently removing an equivalent amount of atmospheric carbon dioxide.

To increase the likelihood of success,

  • Identify champions within your team, they will help you drive change and are critical to collecting accurate data.
  • Set aside some budget, although the ROI will come later, the initial investment is critical to driving structural change.
  • Allocate sufficient resources, hire experts to drive the analysis and help you identify the key challenges to be addressed, and give your internal champions time to embed the strategy.
  • Make it an overall KPI, once the target is set, to fully engage your teams at all levels.

You can browse The Matcha Initiative's Carbon Reduction Strategy overview and The Matcha Initiative's carbon reductions solutions for a specific topic. Get support! For example, the Matcha Initiative Team and The Matcha Initiative Buddies can provide advice, guidance and support in implementing your sustainability strategy.

Remember, reducing your greenhouse gas emissions is not only good for the environment, it can also help you save money and improve your competitiveness.

An easy tool to use: The Net Zero Roadmap Tracking Template. (download it here in excel format)

Note: Your carbon management roadmap needs to be fully integrated into your overall business strategy, so you need to build your commitments accordingly.

50% decrease

in GHG emission by 2030 is needed to meet Paris Agreement
(IPCC's estimate)

100 USD / tCO2 avoided

is the marginal cost of solutions to reach Paris Agreement
(IPCC's estimate)

Suppliers that provide solutions:
consultancy and training services on sustainability, strategy, risk and entrepreneurship
SustainableSG

SustainableSG was started in September 2018 to accompany companies, non-profit entities and government agencies to review and implement effective and sustainable corporate strategies. Our services include:

  1. Strategy development and planning.
  2. Assessing climate change-related risks and the impact to your organization.
  3. Training and enhancing organizational capabilities.
  4. Sustainability reporting and stakeholder engagement.
  5. Public education.
Sustainability Consulting Services
Sustainao Pte. Ltd

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders. Our sustainability consulting services are designed in a continuous improvement process:

  • Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  • Deployment: action plan, KPIs, targets, data monitoring, training
  • Reporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  • Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  • Assessment: gap analysis, benchmarks, mock audits
Carbon emission verification ISO 14064, LCA ISO14067, Green Compass Trainer, other sustainability courses from TUV SUD academy
Tuv Sud

We are passionate about people, the environment, and technological progress. We anticipate technological developments and facilitate change – defining standards and going beyond regulatory compliance. Staying true to our founding principle, we add value by creating a safer and more sustainable future.

Carbon emission verification ISO 14064, LCA ISO14067, Green Compass Trainer, other sustainability courses from TUV SUD Academy, Energy audits

Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. Our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

end-to-end decarbonisation platform
Terrascope

Terrascope is an end-to-end decarbonisation platform that enables enterprises to measure and manage their Scope-1, Scope-2 and Scope-3 emissions across operations, supply chains, and portfolios.

Sustainability consulting
Tamotsu Institute

ACTIVATE - DESIGN - ACCELERATE. Our expert consulting services and trainings help business leaders understand the complexities of sustainability, consider climate- and nature-related risks and opportunities to make informed decisions and alleviate the administrative burdens of:

  1. Risk management and compliance
  2. Organizational transformation and project management
  3. Stakeholder engagement and reporting.

We work directly with SMEs or collaborate with other sustainability consulting companies on specific projects. We are actively involved in networks of sustainability professionals who share knowledge with public and educate other professionals to bring awareness and accelerate the transition in Singapore and worldwide (incl. The Matcha Initiative, Climate Fresk, etc.).

Our unique strength stems from understanding sustainability from the risk management perspective, creating a business case and using financial reasoning to adopt sustainable business practices and decarbonize.

Report & Share your progress
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You can show leadership by promoting your achievements and sharing your challenges internally and externally. A more sustainable company has a better image and attracts more talent and partners, including investors. It is also an opportunity to influence your peers and suppliers.

Share your best practices to encourage others to follow your path and become a leader and role model.

a. Internally:

Use internal newsletters, monthly meetings, town halls, events, etc. to promote your work. Your roadmap & achievements will improve the company's image to employees and create more loyalty. You will raise awareness and gain commitment from your colleagues. You may recruit more volunteers to your dedicated teams.

b. Externally:

- You can start small by adding a page to your website to share your vision and values, your carbon management roadmap, some targets or commitments.

- In the long term, it is important to share meaningful reports to regularly update all stakeholders and welcome feedback on your actions.

Beware of greenwashing: trust is very hard to regain once it has been lost. Don't embellish or lie about your carbon management journey and focus on your carbon reduction actions. Greenwashing can also be illegal in certain circumstances; refer to the Green or greenwashing? section.

ADDITIONAL RESOURCES
Suppliers that provide solutions:
consultancy and training services on sustainability, strategy, risk and entrepreneurship
SustainableSG

SustainableSG was started in September 2018 to accompany companies, non-profit entities and government agencies to review and implement effective and sustainable corporate strategies. Our services include:

  1. Strategy development and planning
  2. Assessing climate change-related risks and the impact to your organization
  3. Training and enhancing organizational capabilities
  4. Sustainability reporting and stakeholder engagement
  5. Public education.
Sustainability Consulting Services
Sustainao Pte. Ltd

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders. Our sustainability consulting services are designed in a continuous improvement process:

  • Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  • Deployment: action plan, KPIs, targets, data monitoring, training
  • Reporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  • Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  • Assessment: gap analysis, benchmarks, mock audits
Sustainability consulting
Tamotsu Institute

ACTIVATE - DESIGN - ACCELERATE. Our expert consulting services and trainings help business leaders understand the complexities of sustainability, consider climate- and nature-related risks and opportunities to make informed decisions and alleviate the administrative burdens of:

  1. Risk management and compliance
  2. Organizational transformation and project management
  3. Stakeholder engagement and reporting.

We work directly with SMEs or collaborate with other sustainability consulting companies on specific projects. We are actively involved in networks of sustainability professionals who share knowledge with public and educate other professionals to bring awareness and accelerate the transition in Singapore and worldwide (incl. The Matcha Initiative, Climate Fresk, etc.).

Our unique strength stems from understanding sustainability from the risk management perspective, creating a business case and using financial reasoning to adopt sustainable business practices and decarbonize.

Climate solutions provider
South Pole

South Pole has been at the forefront of decarbonization since 2006, developing and implementing comprehensive strategies that turn climate action into long-term business opportunities for Fortune 500 companies, governments and organizations around the world.

South Pole is more than a consultancy, its team of 1,200+ experts have developed projects, as well as designed innovative tools across finance, climate neutral APIs, and carbon offset solutions to help clients reach their carbon mitigation and Net Zero goals.

To date South Pole has worked with over 1,000 clients, and will soon have developed 800 offset projects across 30 offices globally.

Our solutions have created tens of thousands of jobs in developing countries, hundreds of millions of dollars for business, improved brand value and better living and working conditions for countless people in vulnerable communities around the world.

Carbon accounting solutions
Planetwise Pte Ltd

The mission of PlanetWise is to:

  1. Help organizations around the world reduce their carbon footprint and achieve net zero goals.
  2. Provide advanced technology, data-driven insights, and expert guidance that empower our clients to make informed decisions.
  3. Build long term partnership with our clients to design and implement carbon management strategies

Operates in: Singapore, India, Vietnam and Malaysia

Sustainability Consultant
Unravel Carbon

We are a decarbonization software focussing on automating the emission measurement of Scope3 emissions, specialising in Asia Pacific supply chains.

Operates in: APAC

Use third party assessment to improve your actions plan
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To go further, companies can choose to disclose and be certified to help improve and better communicate their net-zero strategy. The certification process by an external third party is a key step in aligning with net zero goals. The company will gain insight into best practices and opportunities which can also help overcome the difficulties it faces.

You can demonstrate leadership by promoting your achievements and sharing your challenges both internally and externally. It can also help you meet tax, regulatory and supply chain requirements.

Here are some examples of disclosure / certification programmes you can start looking at:

- LowCarbonSG is a capacity-building programme to enable local companies in Singapore to start monitoring and, where possible, reducing their carbon emissions. Companies that successfully measure and monitor their carbon footprint will be awarded a LowCarbonSG Participant Logo. LowCarbonSG is led by the Carbon Pricing Leadership Coalition (CPLC) Singapore, the decarbonisation arm of the Global Compact Network Singapore (GCNS), and supported by the National Environment Agency (NEA) and Enterprise Singapore (ESG). By participating in the programme, companies can access carbon management resources such as tools, workshops or information on government grants to facilitate the adoption of sustainable solutions, receive guidance on emissions reduction and gain recognition.

- The Climate Disclosure Project (CDP) helps thousands of companies, cities, states and regions measure and manage their risks and opportunities related to climate change, water security and deforestation and, on behalf of over 590 institutional investor signatories, requests information from the world's largest companies on climate risks and low-carbon opportunities. In addition to meeting the demands of your investors and customers, reporting your environmental data through CDP enables you to protect and enhance your corporate reputation, increase your competitive advantage, uncover risks and opportunities, and track and benchmark progress. In a world where mandatory disclosure is gaining momentum, reporting through CDP also helps companies stay ahead of regulation. CDP also claims to be fully aligned with the recommendations of the TCFD.

- The Science Based Targets Initiative (SBTi). You can also submit your carbon targets for validation to SBTi. SBTi technical experts will review your submission, validate it against their science-based criteria and communicate their decision with detailed feedback that can be used to deepen your company's carbon strategy. Published in October 2021, the SBTi Net-Zero Standard is the world's first framework for corporate net-zero goals that are consistent with limiting global temperature rise to 1.5°C, and requires the setting of both short-term (5-10 years) and long-term (to 2050 or earlier) science-based targets. They also define a specific pathway for SMEs, recognising that setting a near-term GHG reduction target for your own operations (scope 1 and 2) is the easiest target for the majority of smaller companies to achieve. A commitment that your organisation can achieve means much more than an uncertain longer-term target covering the entire value chain.

70%

of GHG emissions are caused by business
(CDP)

5,172 companies

have taken action under SBTi standards
(SBTi - May 2023)

ADDITIONAL RESOURCES
Suppliers that provide solutions:
Carbon emission verification ISO 14064, LCA ISO14067, Green Compass Trainer, other sustainability courses from TUV SUD academy
Tuv Sud

We are passionate about people, the environment, and technological progress. We anticipate technological developments and facilitate change – defining standards and going beyond regulatory compliance. Staying true to our founding principle, we add value by creating a safer and more sustainable future.

Carbon emission verification ISO 14064, LCA ISO14067, Green Compass Trainer, other sustainability courses from TUV SUD Academy, Energy audits

Sustainability Consulting Services
Sustainao Pte. Ltd

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders. Our sustainability consulting services are designed in a continuous improvement process:

  • Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  • Deployment: action plan, KPIs, targets, data monitoring, training
  • Reporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  • Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  • Assessment: gap analysis, benchmarks, mock audits
Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. Our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Tech solution provider helping companies of all sizes embark on their sustainability journey via ESG data
stacs

STACS is a Singaporean ESG fintech firm partnering with the local Monetary Authority of Singapore (MAS) to develop a ESG data registry, ESGpedia. Its version 2.0, launched in May 2023, has greater data coverage, enhanced solutions and analytics as well as assessment tools, to help financial institutions, corporates and SMEs achieve their decarbonisation and strategic sustainability goals.

consultancy and training services on sustainability, strategy, risk and entrepreneurship
SustainableSG

SustainableSG was started in September 2018 to accompany companies, non-profit entities and government agencies to review and implement effective and sustainable corporate strategies. Our services include:

  1. Strategy development and planning
  2. Assessing climate change-related risks and the impact to your organization
  3. Training and enhancing organizational capabilities
  4. Sustainability reporting and stakeholder engagement
  5. Public education
Sustainability consulting
Tamotsu Institute

ACTIVATE - DESIGN - ACCELERATE. Our expert consulting services and trainings help business leaders understand the complexities of sustainability, consider climate- and nature-related risks and opportunities to make informed decisions and alleviate the administrative burdens of:

  1. Risk management and compliance
  2. Organizational transformation and project management
  3. Stakeholder engagement and reporting.

We work directly with SMEs or collaborate with other sustainability consulting companies on specific projects. We are actively involved in networks of sustainability professionals who share knowledge with public and educate other professionals to bring awareness and accelerate the transition in Singapore and worldwide (incl. The Matcha Initiative, Climate Fresk, etc.).

Our unique strength stems from understanding sustainability from the risk management perspective, creating a business case and using financial reasoning to adopt sustainable business practices and decarbonize.

Train employees on global sustainability challenges & personal action
Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

Understanding the science behind sustainability challenges is key for you and your team to engage people and reduce the cognitive biases that affect our perceptions of climate change.

General awareness sessions such as lunch&learn talks can also help you identify future champions to integrate into your green team. Find ideas for lunch&learn, videos to share, workshops and talks... on The Matcha Initiative Sustainability Engagement Kit.

Workshops to calculate the footprint of individual lifestyles (Individual Ecological Footprint) and identify key levers to learn, reduce and change habits are highly recommended. They contribute to give coherence to your corporate sustainability strategy and encourage people to take actions as a powerful tool against eco-fear.

Creating a sense of belonging with green communities to share experiences and debate with others is also proving useful.

Browse The Sustainable HR section of Matcha Initiative for more solutions.

2 tonnes of CO2e

is the individual annual GHG emissions budget for a CO2 neutral world in 2050
(2tonnes.org)

8 tonnes of CO2e

is the current GHG emisions generated by a Singapore Resident annually
(Straitstimes)

ADDITIONAL RESOURCES

Some articles to read from our resources section:

- What is sustainability

- Why it is important to act now

- Carbon footprint & the race to zero

- What I can do on a personal level

A must-see:

- Why Singapore is heating up twice as fast as the rest of the world - 5' excerpt - CNA Insider (5 min.)

More videos and MOOC suggestions on The Matcha Initiative Toolbox

Suppliers that provide solutions:
Sustainability consulting
Tamotsu Institute

ACTIVATE - DESIGN - ACCELERATE. Our expert consulting services and trainings help business leaders understand the complexities of sustainability, consider climate- and nature-related risks and opportunities to make informed decisions and alleviate the administrative burdens of:

  1. Risk management and compliance
  2. Organizational transformation and project management
  3. Stakeholder engagement and reporting

We work directly with SMEs or collaborate with other sustainability consulting companies on specific projects. We are actively involved in networks of sustainability professionals who share knowledge with public and educate other professionals to bring awareness and accelerate the transition in Singapore and worldwide (incl. The Matcha Initiative, Climate Fresk, etc.).

Our unique strength stems from understanding sustainability from the risk management perspective, creating a business case and using financial reasoning to adopt sustainable business practices and decarbonize.

Singapore's rewards app for you, the planet and the community
susGain Pte Ltd

SusGain is a free mobile app that incentivizes people in Singapore to adopt more sustainable lifestyle habits. Users collect points for eco-friendly habits, earn cash back rewards at eco conscious businesses and automatically support initiatives for sustainable development with each spend.

It's our mission to empower all stakeholders in Singapore to drive the change towards more sustainability.

Sustainability consulting firm specialising in employee engagement and change management programs
Bright Green

Our mission is to empower businesses to embrace sustainability and improve environmental and social impacts through the employee engagement and change management programs we provide.

Social Enterprise supporting businesses and communities
GreenNudge

Green Nudge is a social enterprise that supports businesses and communities to achieve positive environmental impact through activities such as coastal cleanups and workshops, outreach talks and sustainability consulting. By raising awareness and co-creating call-to-actions with various stakeholders on sustainability efforts, Green Nudge aims to create a normative shift in the way we create and deal with waste to achieve a low carbon, zero waste future for Singapore.

Climate Change Awareness Workshop
Climate Fresk

Our mission is to raise awareness about climate change as the defining problem of our time, and mobilize people into action. We believe that information precedes action, and that when people are empowered with enhanced knowledge, better decisions are made.

Our interactive and collaborative workshop is an entirely different way to learn about the science of climate change. The workshop is based on a 42 cards game based on the IPCC reports. In just 3 hours, participants gain a fundamental overview of climate change, the impacts it is having now and in the future, and what we can do about it.

Public masterclasses & corporate trainings
The Matcha Initiative

The Matcha Initiative is a Singaporean non-profit, a network of sustainability practitioners who share their expertise to create a ripple effect. We educate the public through our online platform, thematic evenings and masterclasses. We also cooperate with companies to upskill their employees through tailored workshop, trainings and lunch & learn discussions.

Train employees on carbon management
Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

Carbon Management is a new field for most yet we do not have enough time to wait for the next generation to be educated about it. It is therefore vital to help your employees to quickly grasp the concepts of carbon management and become experts.

There are many workshops and trainings courses available on this subject. Check out The Matcha Initiative's dedicated page to find out when the next public masterclass is, attend a two-day training session at a Continuing Learning Centre or organise an in-house training session with a training provider.

50%

of all employees will need reskilling by 2025
(weforum.org)

ADDITIONAL RESOURCES
Suppliers that provide solutions:
Sustainability Consulting Services
Sustainao Pte. Ltd.

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders. Our sustainability consulting services are designed in a continuous improvement process:

  • Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  • Deployment: action plan, KPIs, targets, data monitoring, training
  • Reporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  • Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  • Assessment: gap analysis, benchmarks, mock audits
Carbon emission verification ISO 14064, LCA ISO14067, Green Compass Trainer, other sustainability courses from TUV SUD academy
Tuv Sud

We are passionate about people, the environment, and technological progress. We anticipate technological developments and facilitate change – defining standards and going beyond regulatory compliance. Staying true to our founding principle, we add value by creating a safer and more sustainable future.

Carbon emission verification ISO 14064, LCA ISO14067, Green Compass Trainer, other sustainability courses from TUV SUD Academy, Energy audits

consultancy and training services on sustainability, strategy, risk and entrepreneurship
SustainableSG

SustainableSG was started in September 2018 to accompany companies, non-profit entities and government agencies to review and implement effective and sustainable corporate strategies. Our services include:

  1. Strategy development and planning.
  2. Assessing climate change-related risks and the impact to your organization.
  3. Training and enhancing organizational capabilities.
  4. Sustainability reporting and stakeholder engagement.
  5. Public education.
Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. Our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Climate solutions provider
South Pole

South Pole has been at the forefront of decarbonization since 2006, developing and implementing comprehensive strategies that turn climate action into long-term business opportunities for Fortune 500 companies, governments and organizations around the world.

South Pole is more than a consultancy, its team of 1,200+ experts have developed projects, as well as designed innovative tools across finance, climate neutral APIs, and carbon offset solutions to help clients reach their carbon mitigation and Net Zero goals.

To date South Pole has worked with over 1,000 clients, and will soon have developed 800 offset projects across 30 offices globally.

Our solutions have created tens of thousands of jobs in developing countries, hundreds of millions of dollars for business, improved brand value and better living and working conditions for countless people in vulnerable communities around the world.

Sustainability Consultant
Unravel Carbon

We are a decarbonization software focussing on automating the emission measurement of Scope3 emissions, specialising in Asia Pacific supply chains.

Operates in: APAC

Build an engaged workforce
Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

Strengthen your sustainability strategy by building an engaged workforce: through collective brainstormings, trainings... but also compensation & green KPIs...

Make sure all employees are aware of your sustainability targets & commitments. Through workshops and ideathons, they will be the ones to identify the relevant carbon reduction actions for your business.

Browse our Sustainable HR section on Employee Engagement for ideas.

Include sustainability goals in your Employee Performance Management. This will ensure alignment, clarity and focus on results for your carbon management and sustainability journey.

Browse our Sustainable HR section on Performance, Reward and Recognition for how to implement it.

ADDITIONAL RESOURCES
Suppliers that provide solutions:
Sustainability consulting firm specialising in employee engagement and change management programs
Bright Green

Our mission is to empower businesses to embrace sustainability and improve environmental and social impacts through the employee engagement and change management programs we provide.

Sustainability Consultant
The Inceptery Pte Ltd

We support teams and organisations in developing resilience - integrating social and environmental value as a core strategic imperative. Together, we build in more sustainability. We focus on 3 areas to optimise and create the enabling conditions for the change we need to transform our world.

Awareness:

  • through learning experiences & education.
  • Serious games and experiential learning.
  • Capability development of competencies for responsible, global citizenship.

Navigating complexity, Strategic conversations and aligning action through

  • innovation facilitation.
  • Sustainability, resilience led Innovation strategy
  • Business model innovation
  • Exploration, discovery, alignment - opportunity spotting, problem framing, systems mapping, ideation.

Support you and your team to envision and understand implications and possibilities through

  • decision making support
  • Research & collective intelligence
  • Sense-makingInsights
Sustainability Consulting Services
Sustainao Pte. Ltd

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders. Our sustainability consulting services are designed in a continuous improvement process:

  • Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  • Deployment: action plan, KPIs, targets, data monitoring, training
  • Reporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  • Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  • Assessment: gap analysis, benchmarks, mock audits
consultancy and training services on sustainability, strategy, risk and entrepreneurship
SustainableSG

SustainableSG was started in September 2018 to accompany companies, non-profit entities and government agencies to review and implement effective and sustainable corporate strategies. Our services include:

  1. Strategy development and planning
  2. Assessing climate change-related risks and the impact to your organization
  3. Training and enhancing organizational capabilities
  4. Sustainability reporting and stakeholder engagement.5. Public education
Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. Our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Public masterclasses & corporate trainings
The Matcha Initiative

The Matcha Initiative is a Singaporean non-profit, a network of sustainability practitioners who share their expertise to create a ripple effect. We educate the public through our online platform, thematic evenings and masterclasses. We also cooperate with companies to upskill their employees through tailored workshop, trainings and lunch & learn discussions.

Reduce carbon emissions from the buildings your company operates
Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

A technical audit of your premises will assess the potential for reducing carbon emissions from the buildings your company operates.

When it comes to energy, the four steps to reducing the carbon footprint of buildings are as follows:

  1. Improve the energy efficiency of your building & facilities through better insulation, high efficiency equipment (lighting, heating, cooling) and improved processes and behaviours, such as lowering indoor temperatures in cold weather and raising them in hot weather.
  2. Switch from fossil fuels to electricity whenever possible
  3. Connect to urban heating/cooling networks where available, such as the district cooling services in Marina Bay or Jurong Lake District for greater efficiency.
  4. Producing renewable energy on site, with rooftop solar panels or awnings on pedestrian walkways.

Think also about energy conservation. The best efficiency is the energy that is not used! In Singapore, for example, the air-conditioning target for offices should be set above 25°C and not less than 8°C below the outdoor temperature: this setting provides healthy thermal comfort for people and reduces energy consumption.

Air conditioning releases other greenhouse gases: efficient maintenance of these refrigerants is key to reducing these specific emissions.

Significantly reducing the carbon footprint of buildings while improving health and well-being is achievable through

  • Collaboration with end users
  • Passive design
  • more efficient lighting
  • heating and cooling equipment
  • electrification and on-site renewable generation to decarbonise the building energy mix
  • innovative materials and nature-based solutions.

A strategic approach is needed to be successful.

You may want to investigate ISO 50001 - Energy Management Systems for a standardized approach.

If you are a tenant, you will need to negotiate with your landlord to share data and action plans. You may also want to change location and negotiate a green lease to improve the performance of your buildings. The Building Construction Authority (BCA) has developed a Green Lease Toolkit to help landlords and tenants work together to improve the environmental performance of buildings.

Browse The Matcha Initiative "Green the Office" and "Digital Footprint & IT" for more best practice and carbon reduction solutions.

39%

of global CO2 emissions are related to buildings and construction
(GlobalABC)

50%

of potential carbon reductions (Scope 1 & 2) realistically achievable by 2030 are related to buildings
(McKinsey)

ADDITIONAL RESOURCES

- Energy efficiency test for your workplace

- BCA Air-Con Efficiency Portal (Super Low Energy Building - SLEB by BCA)

- Download BCA Energy Performance Points Calculator (2015) (Singapore Building and Construction Authority)

- Download BCA Green Mark for Non-Residential Buildings Scorecard (2015) (Singapore Building and Construction Authority)

- BCA Green lease documentation

- Browse The Matcha Initiative Green the office Section and Digital Footprint & IT Section for more best practice and carbon reduction solutions.

Suppliers that provide solutions:
End-to-End sustainability and Energy Efficiency intelligence platform
Faradai

Company providing End-to-End sustainability and Energy Efficiency intelligence services. It contains three main components:

  • Faradai Sustain helps enterprises achieve and report on their Net Zero goals, improve data visibility, and utilize AI to provide actionable insights.
  • Faradai Energy is a data science-centric Intelligence Platform that employs machine learning algorithms and big data analytics to provide energy saving, operational efficiency, energy procurement optimization, predictive maintenance, and sustainability management for its customers.
  • Faradai Grid is orientated directly to Renewable Energy Sources, EV infrastructure, and BESS management.
Energy monitoring & Smart IoT solutions
EcoXplore

With more than 15 years expertise, EcoXplore provides integrated automation, smart meters and IoT products in Singapore. Their solutions range from Datacentres Infrastructure Management (DCIM) and Energy Management System (EMS) to Building Management System (BMS) and Lighting Control Management System.

Energy & automation digital solutions
Schneider Electric

Schneider Electric provides energy and automation digital solutions & services, with a focus on efficiency and sustainability, for buildings, datacentres, industries and infrastructures in all kind of sectors (IT, healthcare, finance, retail etc.)They developed EcoStruxure, an IoT-enabled platform for better control, analysis, services and connectivity.Click here to contact their sales team.

Products & Services to reduce your company's footprint
Bizsu

Bizsu helps companies grow while reducing their environmental footprint by offering innovative, exclusive and regional solutions to reduce air-conditioning energy consumption (25% reduction on average)

Low-carbon energy and services
Engie South East Asia

Engie is a global energy company, whose SEA entity works towards low-carbon solutions. They focus on reducing consumption, energy-efficiency, renewables... with the help of smart solutions such as IoT. Engie SEA intervenes all along the value chain, from strategy and engineering, to operations management and outcome assurance.ENGIE bring knowledge and solutions in Design, Build, Management and Operation of mission-critical data centres that deliver significant gains in energy efficiency, reduction in cost and carbon emissions.Specifically, they can help save energy and time over large infrastructures through agile flexible stacks and IOT-based solutions. Also, they can deliver services for energy usage optimisation.

Smart Building/City/Infrastructures Management (IoT)
Green Koncepts

Green Koncepts develops smart solutions to save energy and time for buildings, cities, datacentres, offices...Their DCIM solution (Datacentre Infrastructure Management) provides energy-use data and analysis tools to effectively monitor Datacentres' PUE (Power Usage Effectiveness).Specifically, they can act over large infrastructures through agile flexible stacks and IoT-based solutions.

Optimize transportation and mobility
Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

As described in the IPCC report, [companies] can reduce direct (tank-to-wheel) greenhouse gas emissions from passenger and freight transport by:

  1. avoiding travel: local procurement, reducing the frequency of meetings and increasing the use of videoconferencing, limiting the number of kilometres travelled per employee, ...
  2. switching to lower carbon transport systems: reducing energy intensity by using more energy efficient means of transport, switching to lightweight materials, ...
  3. reducing the carbon intensity of fuels: replacing oil-based products with products from low greenhouse gas sources.

Here are some examples of decarbonisation measures to reduce emissions from transport & mobility:

Goods & products Freight transport:

  • Use low carbon delivery and distribution options, e.g. electric vehicles, biofuel or alternative fuel trucks, shared/consolidated shipping...
  • Optimise last mile delivery to reduce km per order

Stakeholders mobility:

  • Promote lower carbon business travel options and low carbon business vehicles (electric cars)
  • Encourage online meetings and working from home
  • Promote lower carbon transport options for employee commuting
  • Incentive employees to purchase electric cars or bicycles for personal use

16%

of Singapore GHG emissions are due to transport
(NCCS)

75%

mass public transport during peak-period is Singapore 2030 target
(Green Plan)

ADDITIONAL RESOURCES
Suppliers that provide solutions:
24/7 carsharing solution in Singapore
BlueSG

BlueSG car-sharing service offers a smart, convenient, flexible and affordable mobility option to all Singaporeans, complementing public transport while reducing the need for car ownership. The service’s 100% electric fleet also provides a sustainable transport solution, eliminating direct carbon dioxide emissions as compared to traditional vehicles.

enabling airfreight carbon emission calculation and reduction strategy with Cargo2ZERO
CargoAi

Cargo2ZERO, our latest sustainability solution available via APIs integrates and accelerates climate action into the airfreight procurement process. By integrating CO2 emissions data in your decision-making process, we help you select the most CO2 efficient airfreight options and reduce emissions via direct purchases of Sustainable Aviation Fuel (SAF) during the booking flow.

end-to-end decarbonisation platform
Terrascope

Terrascope is an end-to-end decarbonisation platform that enables enterprises to measure and manage their Scope-1, Scope-2 and Scope-3 emissions across operations, supply chains, and portfolios.

Sustainability Consulting Services
Sustainao Pte. Ltd.

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders. Our sustainability consulting services are designed in a continuous improvement process:

  • Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  • Deployment: action plan, KPIs, targets, data monitoring, training
  • Reporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  • Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  • Assessment: gap analysis, benchmarks, mock audits
Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. Our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Decarbonise your products & services
Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

Optimize processes, products and services. Reduce packaging & waste...

When designing a product, a Life Cycle Analysis (LCA) can be useful to assess the carbon footprint of the products you sell, including when they are used, recycled or disposed of by your customers. You probably know your own manufacturing process very well. As part of your analysis, you could measure the resources you use such as water and energy, brainstorm with your engineers to generate new ideas to optimise the process, evaluate alternatives or identify specific R&D areas.

To be successful in driving change, awareness and engagement of your team will be key at every stage.

Here are some examples of decarbonisation actions for your product/service:

- Eco-design to reduce the amount of water and energy used during the lifecycle of products (including the usage phase), and to reduce waste disposal at the end of life.

- Implement Circular Economy initiatives (e.g. waste reduction, recycled materials for packaging, leasing of machinery)

- Purchase lower carbon goods/services/materials (e.g. low carbon food ingredients if you are a food business)

- Increase repairability to extend the life of products sold. This could be an opportunity for a new line of business.

Here are some examples of decarbonisation measures for your production process:

- Energy and water audit or monitoring system for production processes/equipment

- Automated / intelligent controls to reduce energy and water wastage

- Energy and water efficient manufacturing equipment

- Switch to a lower carbon manufacturing process

10% improvement target

by 2030 for Singapore Public Sector Water Efficiency Index
(NCCS)

30% improvement target

by 2030 for Singapore Public Sector Waste Disposal Index
(NCCS)

ADDITIONAL RESOURCES

Browse The Matcha Initiative Waste Management Section for more best practice and carbon reduction solutions related to waste.

Our Sustainable Products & Services section is also coming soon.

Suppliers that provide solutions:
Plastic Reduction Platform
Sourcegreen

We help Brands quit plastic : TRULY sustainable packaging sourcing and consultancy

A smart platform automating supplier sustainability diligence and tracking
Givvable

Givvable is an automated data platform that helps organisations understand the sustainability profile of their suppliers and supply chain. It captures, tracks and reports on the credentials of suppliers, that are the strongest indicators of whether a supplier is taking action on sustainability. Givvable covers local to global and SME to MNC suppliers, ensuring it has the widest coverage of supplier sustainability data globally.

Givvable will help you:

  • screen your existing suppliers and identify gaps for improvement
  • vet new suppliers at RFP, onboarding or renewal
  • find new suppliers via the givvable search platform
  • build capability in your suppliers through learning tools, modules and badges
Zero Waste Consultants
Zero Waste City

Zero Waste City is an engineering consulting business specialised in waste reduction for commercial and industrial facilities. They help businesses to save money by reducing waste and to achieve Zero Waste goals. Their services include:

  • Waste audit,
  • Grant funding application,
  • Reporting,
  • Regulatory compliance,
  • Project management,
  • Training,
  • Guidance towards Zero Waste certification
Carbon emission verification ISO 14064, LCA ISO14067, Green Compass Trainer, other sustainability courses from TUV SUD academy
Tuv Sud

We are passionate about people, the environment, and technological progress. We anticipate technological developments and facilitate change – defining standards and going beyond regulatory compliance. Staying true to our founding principle, we add value by creating a safer and more sustainable future.

Carbon emission verification ISO 14064, LCA ISO14067, Green Compass Trainer, other sustainability courses from TUV SUD Academy, Energy audits

end-to-end decarbonisation platform
Terrascope

Terrascope is an end-to-end decarbonisation platform that enables enterprises to measure and manage their Scope-1, Scope-2 and Scope-3 emissions across operations, supply chains, and portfolios.

Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. Our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Decarbonise your value chain
Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

First define requirements within your value chain.

The new SBTi target path for SMEs has less intensive requirements for Scope 3 emissions. A commitment to reducing emissions from the value chain is still highly relevant, and it is worth working with suppliers and taking action to reduce their carbon footprint.

However, setting quantified targets to reduce Scope 3 emissions and monitoring progress can require extensive data collection and analysis, which is often beyond the resources of smaller companies. You may, therefore, start by making sure you have a sustainable procurement policy. Then a qualitative approach, such as Tier 1 supplier audits, may be advisable. Think simple to take action with your suppliers, exhaustiveness is not the goal.

Only 50% of companies

require their suppliers to adopt sustainable business practices
(Eurocham Singapore - 2020)

ADDITIONAL RESOURCES
Suppliers that provide solutions:
A smart platform automating supplier sustainability diligence and tracking
Givvable

Givvable is an automated data platform that helps organisations understand the sustainability profile of their suppliers and supply chain. It captures, tracks and reports on the credentials of suppliers, that are the strongest indicators of whether a supplier is taking action on sustainability. Givvable covers local to global and SME to MNC suppliers, ensuring it has the widest coverage of supplier sustainability data globally.

Givvable will help you:

  • screen your existing suppliers and identify gaps for improvement
  • vet new suppliers at RFP, onboarding or renewal
  • find new suppliers via the givvable search platform
  • build capability in your suppliers through learning tools, modules and badges
Plastic Reduction Platform
sourcegreen

We help Brands quit plastic : TRULY sustainable packaging sourcing and consultancy

Trusted provider of business sustainability ratings
Ecovadis

EcoVadis rates more than 100,000 businesses on their sustainability performance, which helps improve the sustainability performance of global supply chains.

B2B Digital Platform for Sustainable Sourcing
Teorra

🌏 What if sustainability became the norm in business, rather than a nice to have? That's our mission: using Technology, we simplify sustainability for organizations by making it more accessible, transparent and measurable. We are building the first wholesale marketplace for sustainable products, connecting verified sustainable suppliers, manufacturers and brands.

✅ For brands, we offer uncompromising accessibility to all the sustainable products you need for your business. TEORRA rigorously vets all suppliers, so you as a buyer have absolute confidence and trust in the sustainable vendors you introduce to your supply chain; all while helping you measure your businesses impact as a result of choosing sustainable products.

✅ For suppliers, we help eliminate competition with conventional products by providing you with a marketplace specifically designed to servicing buyers looking for sustainable options. We make it easy for your business to attract new customers while helping you grow your brand globally.

Climate solutions provider
South Pole

South Pole has been at the forefront of decarbonization since 2006, developing and implementing comprehensive strategies that turn climate action into long-term business opportunities for Fortune 500 companies, governments and organizations around the world.

South Pole is more than a consultancy, its team of 1,200+ experts have developed projects, as well as designed innovative tools across finance, climate neutral APIs, and carbon offset solutions to help clients reach their carbon mitigation and Net Zero goals.

To date South Pole has worked with over 1,000 clients, and will soon have developed 800 offset projects across 30 offices globally.

Our solutions have created tens of thousands of jobs in developing countries, hundreds of millions of dollars for business, improved brand value and better living and working conditions for countless people in vulnerable communities around the world.

Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. Our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Leverage available grants and subsidies
Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

Once you have a clear idea of the potential for improvement in your GHG emissions reduction plans, look for grant and subsidy programmes that may be available to help you secure some funding for your projects. Many banks and countries offer green loans.

Here is The Matcha Initiative Overview of funding available in Singapore and more details on Singapore Green Plan website.

Up to 50% of Energy assessment cost

can be funded under the Energy Efficiency Fund - E2F
(NEA)

Up to 70% funding support

to adopt energy-efficient equipment with the Energy Efficient Grant - EEG
(Enterprise Singapore)

ADDITIONAL RESOURCES
Suppliers that provide solutions:
Sustainability Management Accounting
Tulya

At Tulya, we help small and medium-sized enterprises (SMEs) measure and understand the impact that environmental and social factors will have on their ability to create value through Sustainability Management Accounting.

Sustainability Consulting Services
Sustainao Pte. Ltd

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders. Our sustainability consulting services are designed in a continuous improvement process:

  • Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  • Deployment: action plan, KPIs, targets, data monitoring, trainingReporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  • Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  • Assessment: gap analysis, benchmarks, mock audits
Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. Our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Buy certified carbon credits
Cost
LOW
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MEDIUM
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low
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medium
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low
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To offset your remaining hard-to-abate emissions, you can buy carbon credits. One credit is meant to offset 1 metric tonne of CO2e. Carbon credits are generated by projects around the world that avoid or remove GHG from the atmosphere, such as reforestation programmes. These projects do not have to be related to your business or located in your own geographical area. Once you buy a carbon credit, it is permanently retired and can't be reused.

Carbon credits are usually certified under an internationally recognised carbon standard (third party agencies for voluntary carbon markets, or governments for compliance markets). The quality of the carbon credit is very important to avoid double counting, ensure additionality, permanence, etc...

Certified Carbon offsetting schemes are run by standard-setting organisations that provide assurance and authenticity for high quality carbon credits. They play a key role in facilitating the flow of carbon credits between the offset project (originator) and the corporate buyer (end-user). Credits can be issued by international, national or independent crediting mechanisms.

Independent carbon offset programmes with the highest issuance are: American Carbon Registry, Climate Action Reserve, Gold Standard, Verra's Verified Carbon Standard, Plan Vivo and the Global Carbon Council. Check also the UN Carbon Offset Platform

In Singapore, Climate Impact X, launched in March 2022, aims to be a global carbon exchange and marketplace providing access and liquidity to high quality carbon credits.

To be considered high quality, any carbon offsetting project need to meet a number of quality criteria. You should plan to carry out independent due diligence on the quality of individual credits purchased throughout your procurement process.

Note: Carbon credits are different from carbon allowances, although the term carbon credit is used interchangeably for both. While both represent one tonne of carbon dioxide equivalent, allowances do not come from carbon reduction projects: they are allocated to companies under a 'cap and trade' system such as the EU Emissions Trading Scheme - they therefore represent a right to emit.

80%

of carbon credits issued in H1 2022 come from nature-based solutions and renewable energy activities
(Climate Focus)

ADDITIONAL RESOURCES

- Understanding the concept of Carbon Trading, by OCBC Bank - Clean Energy Series

- A vibrant carbon market for a low carbon future: Opening remarks by Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore, at the Climate Impact X Announcement Event, Singapore, 20 May 2021

- Singapore plan: one million-tree project

- WWF position and guidance on voluntary purchases of carbon credits (See Appendix 1 - Credit Quality Criteria)

Suppliers that provide solutions:
carbon credit quality assessor, carbon project advisory
Nika.eco

Nika.eco helps companies who are offsetting emissions through carbon credits to understand the quality of such credits and where to get the best-quality carbon credits with Nika.eco's proprietary remote sensing technology. Nika.eco also has its own portfolio of nature-based carbon projects of high quality.

Carbon emission verification ISO 14064, LCA ISO14067, Green Compass Trainer, other sustainability courses from TUV SUD academy
Tuv Sud

We are passionate about people, the environment, and technological progress. We anticipate technological developments and facilitate change – defining standards and going beyond regulatory compliance. Staying true to our founding principle, we add value by creating a safer and more sustainable future.

Carbon emission verification ISO 14064, LCA ISO14067, Green Compass Trainer, other sustainability courses from TUV SUD Academy, Energy audits

Sustainability Consulting Services
Sustainao Pte. Ltd.

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders. Our sustainability consulting services are designed in a continuous improvement process:

  • Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  • Deployment: action plan, KPIs, targets, data monitoring, training
  • Reporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  • Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  • Assessment: gap analysis, benchmarks, mock audits
Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. We provide sustainability advisory. Our team can support you in setting your offsetting strategy and our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Climate solutions provider
South Pole

South Pole has been at the forefront of decarbonization since 2006, developing and implementing comprehensive strategies that turn climate action into long-term business opportunities for Fortune 500 companies, governments and organizations around the world.

South Pole is more than a consultancy, its team of 1,200+ experts have developed projects, as well as designed innovative tools across finance, climate neutral APIs, and carbon offset solutions to help clients reach their carbon mitigation and Net Zero goals.

To date South Pole has worked with over 1,000 clients, and will soon have developed 800 offset projects across 30 offices globally.

Our solutions have created tens of thousands of jobs in developing countries, hundreds of millions of dollars for business, improved brand value and better living and working conditions for countless people in vulnerable communities around the world.

Carbon Removal project to regenerate soils and support local communities development
Circonomy

Circonomy is a Climate tech startup based in Singapore specialized in Carbon Removal from the atmosphere through biochar projects. We work with Farmer Producer Organizations, Biomass Aggregators & small holder farmers in India to help them turn their organic waste into biochar.We provide training, digital solution, equipment and financing solution as well as additional revenues from the Carbon Removal credits.We focus maximising co-benefits, trust and traceability to provide high-quality removal credits.

Operates: Worldwide. The carbon projects are in India and the company is based in SG

Buy nature credits
Cost
LOW
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MEDIUM
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HIGH
EFFORT
low
EFFORT
medium
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HIGH
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low
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MEDIUM
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The legacy sustainability has been focusing on carbon footprint for the past decades and scientists have been clear that our current planet crisis entails many more aspects, such as biodiversity loss, ocean acidification, social justice, plastic and air pollution... Carbon credits only cover avoidance or removal of GHG emissions, even if they claim to have side benefits on local communities and ecoystems.

An emerging market is that of "nature credits": it works on the same principle as carbon credits but you will be able to support a much broader variety of impactful projects, be it environmentally or socially.

Note that "nature credits" have multiple names ("biocredits", biodiversity credits"...) and are yet to be standardised in terms of definitions, prices, practices... As for carbon credits, you need to choose high quality projects and partners! You should plan to carry out independent due diligence on the quality of individual credits purchased throughout your procurement process.

23%

of the world’s mangrove forests are in Indonesia
(edenprojects)

40%

of Indonesian mangrove forests have been lost to deforestation over the past 50 years
(edenprojects)

ADDITIONAL RESOURCES
Suppliers that provide solutions:
Technology empowering Regeneration
Handprint

We are on a mission to enable millions of businesses to go green in a simple, transparent and digital way. Our Impact as a Service platform enables companies to make their growth good for the planet, by regenerating ecosystems as they sell their products.

They integrate positive sustainability action (reforestation, ocean plastic clean-up, coral reef conservation) into their sales channels in a transparent way.

To contac handprint: https://handprint.tech/contact-us

carbon credit quality assessor, carbon project advisory
Nika.eco

Nika.eco helps companies who are offsetting emissions through carbon credits to understand the quality of such credits and where to get the best-quality carbon credits with Nika.eco's proprietary remote sensing technology. Nika.eco also has its own portfolio of nature-based carbon projects of high quality.

Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. We provide sustainability advisory. Our team can support you in setting your offsetting strategy and our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Climate solutions provider
South Pole

South Pole has been at the forefront of decarbonization since 2006, developing and implementing comprehensive strategies that turn climate action into long-term business opportunities for Fortune 500 companies, governments and organizations around the world.

South Pole is more than a consultancy, its team of 1,200+ experts have developed projects, as well as designed innovative tools across finance, climate neutral APIs, and carbon offset solutions to help clients reach their carbon mitigation and Net Zero goals.

To date South Pole has worked with over 1,000 clients, and will soon have developed 800 offset projects across 30 offices globally.

Our solutions have created tens of thousands of jobs in developing countries, hundreds of millions of dollars for business, improved brand value and better living and working conditions for countless people in vulnerable communities around the world.

Think about insetting in your value chain
Cost
LOW
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low
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medium
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HIGH
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low
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An alternative to traditional offsetting in corporate sustainability strategies, insetting refers to the practice of investing in local sustainability projects that directly address emissions and sustainability challenges within a company's operational footprint. Unlike offsetting, which often involves purchasing carbon credits from external projects, insetting allows companies to take a more localised and proactive approach.

3 benefits of insetting:

1- Local impact: While offsetting involves buying carbon credits or investing in projects elsewhere to offset emissions, insetting directs resources to local sustainability initiatives where companies operate. This approach allows companies to actively contribute to environmental and social improvements in the areas where they operate, generating tangible benefits for their local communities.

2- Increased engagement: Insetting provides an opportunity for companies to engage more directly with their stakeholders. By investing in local projects that align with their values and goals, companies can foster meaningful relationships with community members, employees and customers. This deeper engagement helps build trust with stakeholders, enhances brand reputation and demonstrates a genuine commitment to sustainability.

3- Holistic sustainability: Engagement can go beyond carbon neutrality by addressing a broader range of environmental and social challenges. Rather than focusing solely on offsetting greenhouse gas emissions, insetting initiatives can include initiatives such as waste management, renewable energy and community development. This holistic approach allows companies to address multiple sustainability issues simultaneously, leading to more comprehensive and impactful results.

Insetting can be seen as a complementary strategy to offsetting, and an effective tool for companies to align their sustainability efforts with the United Nations' Sustainable Development Goals (SDGs).

ADDITIONAL RESOURCES
Suppliers that provide solutions:
Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. We provide sustainability advisory. Our team can support you in setting your offsetting strategy and our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Climate solutions provider
South Pole

South Pole has been at the forefront of decarbonization since 2006, developing and implementing comprehensive strategies that turn climate action into long-term business opportunities for Fortune 500 companies, governments and organizations around the world.

South Pole is more than a consultancy, its team of 1,200+ experts have developed projects, as well as designed innovative tools across finance, climate neutral APIs, and carbon offset solutions to help clients reach their carbon mitigation and Net Zero goals.

To date South Pole has worked with over 1,000 clients, and will soon have developed 800 offset projects across 30 offices globally.

Our solutions have created tens of thousands of jobs in developing countries, hundreds of millions of dollars for business, improved brand value and better living and working conditions for countless people in vulnerable communities around the world.

Buy Renewable Energy Certificates (REC)
Cost
LOW
Cost
MEDIUM
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HIGH
EFFORT
low
EFFORT
medium
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HIGH
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low
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Renewable energy certificates (RECs) are market-based instruments used to track the production of electricity from a qualifying renewable energy source such as solar, hydro or wind. One REC represents one megawatt hour (MWh) of electricity generated from a renewable energy source and delivered to the grid.

Purchasing RECs allows you to retrospectively classify the energy you use from the grid as clean and renewable and offset Scope 2 emissions: this enables your company to green its electricity mix from the grid and reduce its carbon footprint.

Quality credits are key. In October 2021 Singapore introduced a new national standard to enhance the credibility and accountability of RECs used to make renewable energy claims in the country - Singapore Standards (SS) 673 on the Code of Practice for RECs

Note: If you produce renewable energy in excess of your own consumption (for example, through rooftop solar panels), you can sell the excess energy to the grid and generate an income from the issuance of renewable energy certificates.

1,000 kWh

of renewable electricity generation equals one REC

ADDITIONAL RESOURCES

Browse the Renewable Energy Portal, Energy Market Authority - EMA, to know more

Examples of REC platforms in Singapore:

- REDEX (formely known as trecs.ai)

- GONETZERO (Sembcorp’s carbon management business) link to : https://www.gonetzero.ai/

- Renewable Energy Certificates (spgroup.com.sg)

Suppliers that provide solutions:
Climate solutions provider
South Pole

South Pole has been at the forefront of decarbonization since 2006, developing and implementing comprehensive strategies that turn climate action into long-term business opportunities for Fortune 500 companies, governments and organizations around the world.

South Pole is more than a consultancy, its team of 1,200+ experts have developed projects, as well as designed innovative tools across finance, climate neutral APIs, and carbon offset solutions to help clients reach their carbon mitigation and Net Zero goals.

To date South Pole has worked with over 1,000 clients, and will soon have developed 800 offset projects across 30 offices globally.

Our solutions have created tens of thousands of jobs in developing countries, hundreds of millions of dollars for business, improved brand value and better living and working conditions for countless people in vulnerable communities around the world.

Tech solution provider helping companies of all sizes embark on their sustainability journey via ESG data
stacs

STACS is a Singaporean ESG fintech firm partnering with the local Monetary Authority of Singapore (MAS) to develop a ESG data registry, ESGpedia. Its version 2.0, launched in May 2023, has greater data coverage, enhanced solutions and analytics as well as assessment tools, to help financial institutions, corporates and SMEs achieve their decarbonisation and strategic sustainability goals.

Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. We provide sustainability advisory. Our team can support you in setting your offsetting strategy and our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Sustainability Consulting Services
Sustainao Pte. Ltd

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders. Our sustainability consulting services are designed in a continuous improvement process:

  • Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  • Deployment: action plan, KPIs, targets, data monitoring, training
  • Reporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  • Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  • Assessment: gap analysis, benchmarks, mock audits
Understand carbon tax & Emissions Trading Systems (ETS)
Cost
LOW
Cost
MEDIUM
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HIGH
EFFORT
low
EFFORT
medium
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HIGH
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low
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MEDIUM
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Companies should be aware that carbon pricing initiatives are a highly effective strategy for governments to close the gap between climate targets and implementation. Carbon pricing reduces both the carbon intensity of energy supply and overall energy demand through a clear price signal.

There were 64 carbon pricing initiatives in place in 2021, half of which are carbon taxes and half of which are emissions trading schemes.

  • A carbon tax puts a price on the emission of one tCO2e. The report of the High-Level Commission on Carbon Pricing identified a range of 50-100 USD/tCO2e (or "carbon price corridor") as the price needed by 2030 to keep global warming below 2°C as part of a comprehensive climate policy package.  In 2021, a survey of 30 climate economists (Reuters) estimated that the carbon price should be at least 100 USD/tCO2e or higher and needed immediately to incentivise net-zero emissions by 2050.
  • Emissions trading systems (ETSs) allocate allowances to covered sectors on an annual basis through a 'cap and trade' system, which diminish over time. They therefore represent a right to emit. Some of these rights can be traded between parties through carbon markets. In Europe, recent EU ETS price increases have coincided with several significant policy changes and proposals, rising from €4/tCO2e in 2015 to €96/tCO2e in 2021.

Carbon border adjustment mechanisms are also emerging to ensure competitiveness in countries with high carbon taxes and to avoid the risk of emissions being shifted from one location to another (known as carbon leakage).

50-80 SGD / tCO2e

is the expected Singapore's carbon tax by 2030
(NEA)

185 SGD / tCO2e

was Switzerland's automatically adjusted carbon tax rate in 2021 due to missed interim GHG targets
(openknowledge)

Suppliers that provide solutions:
Sustainability Consulting Services
Sustainao Pte. Ltd.

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders.

Our sustainability consulting services are designed in a continuous improvement process:

  1. Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  2. Deployment: action plan, KPIs, targets, data monitoring, training
  3. Reporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  4. Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  5. Assessment: gap analysis, benchmarks, mock audits
Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. We provide sustainability advisory. Our team can support you in setting your offsetting strategy and our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Sustainability consulting
Tamotsu Institute

ACTIVATE - DESIGN - ACCELERATE. Our expert consulting services and trainings help business leaders understand the complexities of sustainability, consider climate- and nature-related risks and opportunities to make informed decisions and alleviate the administrative burdens of:

  1. Risk management and compliance
  2. Organizational transformation and project management
  3. Stakeholder engagement and reporting.

We work directly with SMEs or collaborate with other sustainability consulting companies on specific projects. We are actively involved in networks of sustainability professionals who share knowledge with public and educate other professionals to bring awareness and accelerate the transition in Singapore and worldwide (incl. The Matcha Initiative, Climate Fresk, etc.).

Our unique strength stems from understanding sustainability from the risk management perspective, creating a business case and using financial reasoning to adopt sustainable business practices and decarbonize.

Climate solutions provider
South Pole

South Pole has been at the forefront of decarbonization since 2006, developing and implementing comprehensive strategies that turn climate action into long-term business opportunities for Fortune 500 companies, governments and organizations around the world.

South Pole is more than a consultancy, its team of 1,200+ experts have developed projects, as well as designed innovative tools across finance, climate neutral APIs, and carbon offset solutions to help clients reach their carbon mitigation and Net Zero goals.

To date South Pole has worked with over 1,000 clients, and will soon have developed 800 offset projects across 30 offices globally.

Our solutions have created tens of thousands of jobs in developing countries, hundreds of millions of dollars for business, improved brand value and better living and working conditions for countless people in vulnerable communities around the world.

Consider an internal carbon pricing
Cost
LOW
Cost
MEDIUM
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HIGH
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low
EFFORT
medium
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HIGH
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low
IMPACT
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As part of their net zero strategy, companies can use internal carbon pricing to assign a monetary value to carbon emissions. CDP's 2021 Global Carbon Price Report highlights that to implement an effective internal carbon price, four dimensions should be considered:

  • price level (height)
  • GHG emissions coverage (breadth)
  • influence (depth)
  • time.

The internal carbon price is one tool that can provide insight into the resource allocations and trade-offs the company will face in implementing its net zero strategy. As with any tool, the effectiveness of the internal carbon price will need to be evaluated over time.

For finance department, it is a good decision-making tool to understand the potential impacts of external carbon pricing schemes and regulations. ICP varies by region and sector. As a quick-win, post the calculations of footprint, you can assign USD 100 as a representative initial cost for every tonne of CO2e emitted (this is the carbon price level needed to incentivise net zero emissions by 2050 - Reuters). This would help you understand the potential exposure and impact on profit and loss statements.

Already 10 listed companies in Singapore

disclosed in 2020 that they were using or planning to use within 2 years an internal carbon price
(CDP)

nearly 50% of the world’s biggest companies

by market cap disclosed in 2020 that they were using or planning to use within 2 years an internal carbon price
(CDP)

ADDITIONAL RESOURCES
Suppliers that provide solutions:
Sustainability Management Accounting
Tulya

At Tulya, we help small and medium-sized enterprises (SMEs) measure and understand the impact that environmental and social factors will have on their ability to create value through Sustainability Management Accounting.

Sustainability Consulting Services
Sustainao Pte. Ltd.

Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders. Our sustainability consulting services are designed in a continuous improvement process:

  • Strategy: governance, materiality analysis, risks and opportunities, stakeholder engagement, UN SDGs
  • Deployment: action plan, KPIs, targets, data monitoring, training
  • Reporting: data collection and validation, sustainability reporting (GRI Standards), integrated reporting (IIRC)
  • Recognition: ESG rating and indexes (e.g., DJSI, CDP, GRESB, Sustainalytics, VigeoEiris), client's requests (e.g., questionnaires, tenants, EcoVadis)
  • Assessment: gap analysis, benchmarks, mock audits
Climate-Tech focusing on carbon & ESG management
Zuno Carbon

Zuno is a pioneer in decarbonisation, carbon & ESG management. We provide sustainability advisory. Our team can support you in setting your offsetting strategy and our tech platform helps leading organization measure, reduce and report their carbon emissions and ESG performance. Powering you towards your sustainability goals, one step at a time.

Sustainability consulting
Tamotsu Institute

ACTIVATE - DESIGN - ACCELERATE. Our expert consulting services and trainings help business leaders understand the complexities of sustainability, consider climate- and nature-related risks and opportunities to make informed decisions and alleviate the administrative burdens of:

  1. Risk management and compliance
  2. Organizational transformation and project management
  3. Stakeholder engagement and reporting.

We work directly with SMEs or collaborate with other sustainability consulting companies on specific projects. We are actively involved in networks of sustainability professionals who share knowledge with public and educate other professionals to bring awareness and accelerate the transition in Singapore and worldwide (incl. The Matcha Initiative, Climate Fresk, etc.).

Our unique strength stems from understanding sustainability from the risk management perspective, creating a business case and using financial reasoning to adopt sustainable business practices and decarbonize.

Climate solutions provider
South Pole

South Pole has been at the forefront of decarbonization since 2006, developing and implementing comprehensive strategies that turn climate action into long-term business opportunities for Fortune 500 companies, governments and organizations around the world.

South Pole is more than a consultancy, its team of 1,200+ experts have developed projects, as well as designed innovative tools across finance, climate neutral APIs, and carbon offset solutions to help clients reach their carbon mitigation and Net Zero goals.

To date South Pole has worked with over 1,000 clients, and will soon have developed 800 offset projects across 30 offices globally.

Our solutions have created tens of thousands of jobs in developing countries, hundreds of millions of dollars for business, improved brand value and better living and working conditions for countless people in vulnerable communities around the world.

Buddies - Experience sharing

The « green journey » may feel overwhelming sometimes, but you are not alone.

Our Buddies have tried, succeeded, failed to implement change in their companies. They share their experience so you can learn, take shortcuts, get inspired and ask questions.

Everybody can become a Buddy and give back to the community; if you are keen, get in touch with us.

Ivona Balint-Kowalczyk
Sustainability consultant, Founder - Sustainao

With a background in sustainability consulting and audit, Ivona supports businesses in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders.

She is the founder of Sustainao, a Singapore-based company specialized in sustainability consulting. Previously, Ivona worked as a sustainability auditor at KPMG France. She holds an MBA in CSR & Sustainability and a Master’s degree in Environmental Management.

Chris Wei
Business Development Manager - Asia - South Pole

At South Pole, Chris supports Asian clients in their climate leadership and circular economy journey. The scope of services includes both carbon credits & sustainability consultancy. Chris currently manages clients from more than 10 Asian countries in categories such as conglomerate, agriculture, property development, asset management, retailing, information technology, and energy.

Mun Wei Chan
Founder & Principal Consultant - SustainableSG

Mun Wei is the founder and principal consultant of SustainableSG, which provides advisory and training services in sustainability, strategy, risk and entrepreneurship.

He has worked with corporate, government and non-profit clients on strategy and implementation, reviewing organizational programmes and targets related to the UN Sustainable Development Goals, benchmarking and communicating sustainability and other corporate programmes and achievements, promoting inclusive hiring, developing compliance policies and reports, and formulating innovative business models.

He is also an Adjunct Lecturer at the Singapore University of Social Sciences.

Vincent Desclaux
Managing Director - Palo IT

I have been working in Asia for the past 12 years (Shanghai, Hong Kong and Singapore since 2014) within the digital and technology space.

I have founded and run several companies in different sectors such as IT Consulting, Education, and the F&B business.

I am passionate about how to use technology as a force for good.

Ching Hu
Climate Regulations Specialist – Terrascope

I work at Terrascope, which offers an end-to-end decarbonisation SaaS platform that enables enterprises to measure and manage their Scope-1, Scope-2 and Scope-3 emissions across operations, supply chains, and portfolios. As Climate Regulations Specialist, I help ensure that our product stays ahead of the regulatory curve and advise clients to navigate the dynamic and complex climate regulatory landscape.

Prior to joining Terrascope, I worked at EcoVadis - a global ESG ratings company - where I launched its Singapore office which served more than 800 companies within its first year of operations. The ratings include environmental, social, ethics and sustainable procurement metrics.

I started my career with the Singapore Government, spanning portfolios including manpower, education, transport and decarbonisation. I also helped spearhead the government's measures to fight Covid-19.

I graduated from the London School of Economics, SciencesPo Paris, and Oxford University. As an undergraduate at Oxford, I helped launch the inaugural Oxford Climate Forum - the UK's largest student-run climate change event.

Quentin Fouesnant
VP Sales – Zuno Carbon

Passionate about sustainability and technology, I have spent the last 10 years working in the energy, tech and sustainability sectors. I am VP of Sales at Zuno Carbon, a climate-tech providing end to end carbon management and ESG reporting solutions.

Mei Yee Chan
Senior Programme Manager - TÜV SÜD

As the Senior Programme Manager for Sustainability Validation and Verification at TÜV SÜD, Mei Yee helps organisations add credibility and assurance to their greenhouse gases (GHG) emission assertations and GRI reports by providing third-party verification reports to support organizational claims.

She has six years of experience in the standards development of ISO 30500 and ISO 31800, testing, and certification for non-sewered sanitation systems. Prior to that, Mei Yee spearheaded  World Toilet Organization's Rainbow School Toilet projects in China and Sanishop in Cambodia. She is passionate about driving corporate social responsibility and sustainability and has spent more than 18 years in various fields working internationally across teams and cultural boundaries before turning her focus on Singapore to helping companies with their carbon reduction journey. She holds a Masters in Community Water and Sanitation and a Science Degree in Earth Science, majoring in geology and physical geography.

She is a certified WSQ Advanced Certificate in Learning and Performance (ACLP) Train-The-Trainer (TTT). Since then, she has facilitated many companies in the training for Green Compass – An environmental assessment framework targeted at SME/ manufacturing industries.

Samuel Chauffaille
Managing Director AsiaPacific (excl. China) - Ecocert

In 2003, I joined International SOS, world leader of medical and security assistance services and relocated to Singapore in 2008 where I have spent my life since. I held different regional leadership roles and I was a founding member of the Sustainability Committee and initially led the S (Social) part. I was also leading the Environment pillar, with a special focus on the Ecovadis certification.

I enrolled at SMU back in Sept 2020 and graduated from the Sustainability and Sustainable Business executive masterclass in Dec 2020. In July 2021, I joined a local singaporean startup H3Dynamics with the ambition to decarbonize the aviation industry! And since May 2023, I am now the managing director AsiaPacific for Ecocert, world leader in certification for organic products. I am also the Singapore Ambassador (volunteer) for Ecomatcher to help brands fight climate change, one tree at a time.

Finally, I am a French Trade Advisor and part of the Sustainability Committee to strengthen bridges between France and Singapore on this crucial agenda.

Mimi Nguyen
COO - Handprint, Founding Member - The Matcha Initiative

I was born in Vietnam and grew up in France in Paris’ low income suburbs. My parents used to bring us to the park to have some outdoor activities and that’s where my father taught my siblings and I to observe, love and respect nature. He gave us perspective on our place in a much bigger ecosystem. 

At that time, we didn’t describe our family as “sustainable”. It was very pragmatic, we didn’t waste anything, we mended everything, saved and reused, because we just couldn’t afford not to :)

In 2018 in Singapore, after what felt like a long, unfulfilling professional tunnel on autopilot, I was forced to make a pause and took the opportunity to consider what I really wanted to do with my life (I know this resonates with many!)

Then I really realised how passionate I was about sustainability and for the first time, I considered making it my job. Nothing is easy when you don’t hold the right degrees or the right amount of money, so I co-created The Matcha Initiative to jump into action instead of procrastinating. That’s how you start an amazing experience with amazing people :)

Cherry on the cake: TMI helped me land my current job at Handprint, where we help businesses embrace the next step - Regeneration.

Radhika Chavan
Co-Founder - Tulya

Radhika is the Co-founder of Tulyā, A Sustainability Management Accounting (SMA) Services company. Her work includes measurement and understanding of the impact environmental and social factors will have on the value creation for SMEs. She develops tailored tools and practices that integrate material topics (ESG & Business) with accounting statements line items to demonstrate financial impact of action vs inaction.

She has worked with Lehman Brothers, Barclays and IT services companies before starting her entrepreneurial journey in sustainability.

She is a graduate in Chemical Engineering and has been certified in SASB , PMP, CSM &  Design Thinking-MIT.

FRANCE - Alexandre Parlange
Sustainability Leader (Former Climate Fresk Singapore Coordinator - 2021-2022)

I'm an experienced C-Level professional with 12+ years of experience working in various industries who has developed a strong interest for climate change and sustainable development. Passionate about climate change issues, I'm now fully dedicated to supporting organizations and individuals in their transition towards a low-carbon future.

I hold a MBA degree from ESSEC Business School in France, an Executive Master from INSEAD, and a Cambridge Certificate in Sustainability Leadership.

I'm a trained facilitator of a successful climate change education workshops named The Climate Fresk. I'm facilitating it in public, with companies, schools or universities. I’m alsofacilitating other workshops of the same kind such as Digital Collage, MobilityCollage or MyCO2.

Naomi Vowels
Director - givvable

I am Naomi, currently co-founder & director of givvable. I started my career as an Australian diplomat with postings in East Timor, Thailand and Switzerland then moved into private banking where my interest in ESG and sustainability was seeded.

Today my company helps businesses screen and track the sustainability profile of their suppliers to help them achieve their goals and targets.

Anna Håkansson
Co-founder - Tulya

I enjoy improving processes and creating data-driven insights. My background is in process development and operations as Quality Manager and COO. A few years back, I decided to re-purpose my career and have since then studied different aspects of Sustainable Business Development at the University in Sweden as well as the Sustainability Reporting Standards (GRI, SASB, TCFD and ISSB work in progress).

Now, I am here to help SMEs integrate sustainability into their business strategy and operations, focusing on the impact that environmental and social aspects will have on the organisation's ability to create value. By reducing the scope to the most relevant materiality topics, even SMEs with limited resources have a chance to start their transition to more sustainable practices.

Virgile Viasnoff
Professor, Mechanobiology – NUS, CNRS

Virgile is an academic researcher who works for the CNRS (France) and the National University of Singapore. He heads an international collaborative lab between Singapore and France at the mechanobiology institute.

He is also in charge of the transition towards more sustainable practices in the lab and in the institute. He has already implemented various actions covering energy efficiency, consumables usage reduction, waste management...

Claire Chabrières
Founder – ShiokFarm

Entrepreneurial by nature, Claire started ShiokFarm in 2015 when realising the high prices for organic fruit and vegetables in Singapore. Based on the French AMAP model, in which Farmers and a community create a partnership in order to reduce food waste and cost, ShiokFarm aims to provide families and offices in Singapore with affordable organic fruit and vegetables while reducing food waste.

Starting with a small Facebook group, Claire has succeeded in making ShiokFarm an outstanding organic business. ShiokFarm received its BCorp certification in 2023.

Duncan Craig
Director of Sustainability (Interior Environments) - Concourse

Duncan, originally from the UK, has been living & working in Asia for the last 16 years. He runs a creative interior design & project management company delivering projects across the Asia Pacific Region; specialised in retail, F&B and commercial sectors. Duncan is passionate about creating interiors that excite and engage Clients and Customers alike, all through the lens of sustainability.

Tomo Hamakawa
Managing Director - Earth Company / Mana Earthly Paradise

Tomo is a seasoned development professional having lived and worked in various corners of the world from the Tibetan plateau, Indian drylands, Indonesian tropics, to Japanese metropolises. He has extensive field experience working for international and local development NGOs across Asia and Africa, including Kopernik, the Children’s Investment Fund Foundation, and the World Bank. He was formerly an Assistant Professor at the Global Leadership Program at the University of Tokyo.

Tomo has a BA in Social Anthropology from Harvard College, a Masters in Public Policy from the Harvard Kennedy School, and was an Asia Pacific Leadership Program Fellow (2008) and Innovation Fellow (2020) at the East-West Center. In 2014 Tomo was awarded the Dalai Lama’s Unsung Heroes of Compassion Award.

Thibaut Meurgue
Entrepreneur & It Sustainability Consultant, Co-founder – The Transmutation Principle, Climate Fresk Singapore Coordinator

I am Thibaut, French bald since 26 & bold since forever! Right now, I am a 1st time entrepreneur in the making. 

I come from an IT & software agency background so deeply into B2B and old-fashioned processes. I came to realize that sustainability cannot be only about consumers and half-measures. I also realized IT Sustainability was much underrated and not understood by most companies. It came quite as a surprise for me since I always considered IT Sustainability as one of the best ways to merge both ROI & Sustainability to make the latter sound acceptable, actionable, and realistic. Having seen that, I wanted to make a change in my own way. 

My dedication came from the desire to be able to look my future kids in the eye and tell them that I tried to make the world a better place. 

I am also drawn to uncommon & less popular causes, which is why e-waste caught my attention. While it’s not as “buzzy” as plastic waste or consumer recycling, it has the potential to have a greater impact, especially in Asia.