BIZSpoke | SEFR PACT Powering Accurate Sustainability Reporting for Singapore Businesses

9 MAY 2025

SBF Partners WBCSD to Help Businesses Turn Carbon Data Into Competitive Advantage

At Ecosperity Week 2025, SBF and World Business Council for Sustainable Development (WBCSD) signed a landmark MoU to integrate the Partnership for Carbon Transparency (PACT) Methodology with Singapore's Emission Factors Registry (SEFR)—making it the world’s first to do so.

This enables businesses to report product-level carbon data with enhanced accuracy and ease, thanks to localised emission factors and pre-integrated carbon calculators. Razer leads as the first to list its data, setting an example of how sustainability can drive growth.

Discover how your business can cut costs, drive growth, and achieve sustainability goals with SEFR. SBF CEO Kok Ping Soon discusses the advantages of localised data and streamlined reporting in this CNA interview. Watch now to learn more.

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SBF Poll Reveals Urgent Business Response to U.S. Tariffs

At Ecosperity Week 2025, Naama Avni-Kadosh, Director for PACT at WBCSD, and Hu Ching, Head of Net Zero Transition at SBF, took the stage to explore the impact of supplier-specific emissions data on global and regional decarbonisation efforts. They discussed how this partnership improves data transparency and precision, driving faster emissions reductions across supply chains. The SEFR currently includes emission factors data from A*STAR, Singapore government agencies such as NEA, and partners including the Singapore Green Building Council. Access it on https://NetZeroHub.sg.

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WHAT'S NEW

Navigating the New Economic Disorder: Decode, Deepen, Diversify

SBF CEO Kok Ping Soon has opined that amid rising global uncertainty—driven by U.S. tariff shifts under President Trump’s protectionist agenda—Singapore businesses must adapt swiftly to stay competitive. In response, MTI has revised growth forecasts and launched the Singapore Economic Resilience Taskforce (SERT). Mr Kok urges firms to tap Budget 2025 support, leverage Singapore’s FTA network, and diversify markets. Singapore’s strong tripartite partnership among government, unions, and industry remains vital in navigating the evolving global landscape.

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SCALED INTERNATIONALLY

PASFTA Fuels Growth for Singapore Businesses in US$2.7T Market

The Pacific Alliance-Singapore Free Trade Agreement (PASFTA) took effect on 5 May 2025, deepening ties with Chile and Peru. Singapore’s 28^th FTA removes most tariffs, streamlines customs, and ensures fair treatment for services and investment. Covering goods, digital trade, and maritime transport, PASFTA boosts access to a US$2.7 trillion market—supporting trade diversification and growth for over 100 Singapore firms already active in the region. To find out more on business opportunities in Latin America, reach out to us at [email protected]

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SUPPORTED EVENTS

Impact Beyond Dialogue: The Longevity Revolution

AI and innovation are opening new frontiers—unlocking opportunities to help people age with dignity, purpose, and joy at every stage of life. Join us at Impact Beyond Dialogue: The Longevity Revolution on 29 May, held at the DBS Auditorium, Level 3, MBFC Tower 3. Hear diverse perspectives on how AI and innovation are transforming ageing societies by enabling new products, services, and experiences—especially for those who need them most. Please RSVP by 20 May to confirm your attendance.

ALB SE Asia In-House Legal Summit 2025

The ALB SE Asia In-House Legal Summit 2025 returns LIVE on 22 May at the Shangri-La Hotel, Singapore! This year features 2 content streams and the debut of “TechTalks”, covering key legal trends, regulatory updates, and innovation. Complimentary registration is open for GCs, in-house counsels, compliance & risk professionals. Law firms and legal service providers may contact [email protected] for ticket details. Join us and connect with top legal minds in the region!