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illuminem summarises for you the essential news of the day. Read the full piece on The Edge Singapore or enjoy below:
🗞️ Driving the news: Singapore's Emission Factors Registry (SEFR) will soon integrate product-specific carbon footprint (PCF) data using the latest methodology from the Partnership for Carbon Transparency (PACT)
• This development, announced at Ecosperity Week 2025 through a memorandum signed by the World Business Council for Sustainable Development (WBCSD) and the Singapore Business Federation (SBF), aims to allow businesses to calculate and exchange precise, standardised emissions data both locally and internationally
🔭 The context: The SEFR, launched in October 2024, provides localised emissions data to help companies estimate their environmental impact
• By adopting PACT’s Version 3 methodology — developed over two years with global stakeholders — SEFR aligns itself with international standards, enhancing Singapore firms' capacity for transparent reporting and global supply chain integration
🌍 Why it matters for the planet: Accurate and standardised PCF data empowers businesses to make more sustainable sourcing and procurement choices, critical for achieving meaningful Scope 3 emissions reductions
• The move also strengthens Singapore's position as a hub for responsible business practices, setting a precedent for broader adoption of consistent carbon reporting globally
• Challenges may include ensuring wide industry adoption and maintaining high data quality
⏭️ What's next: Businesses operating in Singapore can now list their PACT-aligned PCF data on the SEFR, with consumer electronics company Razer already committing to be the first
• This shift is expected to drive broader corporate participation, inform green procurement strategies, and aid compliance with emerging international carbon disclosure regulations
• Key milestones will include the onboarding of more companies and the continuous updating of emissions factors
💬 One quote: "Adopting PACT Methodology Version 3 will not only enable more precise greenhouse gas accounting, but also enables informed strategic decision-making, including green procurement," — Kok Ping Soon, CEO of SBF
📈 One stat: The WBCSD community currently consists of over 240 leading global companies committed to sustainability action across inequality, nature restoration, and climate impact reduction
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