In a groundbreaking move, Singapore has become the first country in the world to adopt the latest global standard for calculating product-level carbon emissions. This development was formalized on May 6 during Temasek’s annual Ecosperity Week 2025, where the Singapore Business Federation (SBF) and the World Business Council for Sustainable Development (WBCSD) signed a memorandum of understanding (MoU).
Under the agreement, Singapore’s Emissions Factor Registry (SEFR) will adopt the Partnership for Carbon Transparency (PACT)’s recently released “Version 3 Methodology and Technical Specifications.” This adoption sets a global benchmark for the transparent and consistent reporting of product carbon footprints (PCF).
A New Era for Emissions Data
The updated PACT standard—two years in the making—was developed through close consultation with leading multinational corporations, technology providers, and climate experts. It significantly improves the accuracy and consistency of emissions data by emphasizing supplier-level input and standardized calculation methods.
With this standard, businesses can now generate high-quality, reliable carbon footprint data for their products and services. The ultimate goal: empower companies to make smarter, science-based decisions on emissions reduction—especially concerning Scope 3 emissions, which arise indirectly through a company’s value chain.
“This isn’t just about better emissions accounting,” said SBF CEO Lam Yi Young. “It’s about giving companies the tools to make informed, strategic decisions—including those related to green procurement and supply chain management.”
Building on Singapore’s Green Foundations
The SEFR, launched in April 2024 with support from the Ministry of Sustainability and the Environment, PwC, and A*STAR, already draws emissions data from a range of national sources, including the Building and Construction Authority and the National Environment Agency. With the adoption of the new PACT standards, local companies can now register PCF data that meet international benchmarks, further enhancing data integrity and global interoperability.
The initiative also reflects Singapore’s broader push toward sustainable development, positioning it as a hub for trusted carbon data in the Asia-Pacific region.
Razer Steps Up
Gaming hardware brand Razer has announced it will be the first company to submit a product lifecycle assessment and environmental product declaration to the registry under the new standard. The move signals a strong early commitment from industry to align with the updated methodology.
Global Standards, Local Action
The collaboration between SBF and WBCSD marks a pivotal moment—not just for Singapore, but for global supply chains. As businesses around the world face mounting pressure to decarbonize, Singapore is showing how transparency, precision, and cooperation can turn carbon accounting into actionable insight.
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