KPMG ties up with trade associations for decarbonisation blueprint

The blueprint will drive the ESG change agenda.

Professional services firm, KPMG, partnered with Singapore’s Trade Associations and Chambers (TAC) to build a collective decarbonisation blueprint that will drive the  environmental, social, and governance (ESG) change agenda.

Aside from TAC, KPMG will also work with key industry players for the energy and utilities as well as real estate sectors for the blueprint. It noted that the sectors were tagged as real economy sectors with the most imminent contribution to the Lion City’s decarbonisation roadmap.

KPMG’s partnership also includes the Singapore Business Federation (SBF) to drive ESG conversations amongst TACs and enterprises. These efforts will be released from KPMG’s over $203.6b (US$1.5b) commitment for the ESG change agenda.

Instead of being prescriptive, KPMG will be working out potential pathways with TAC leaders and key industry players for enforcing their ESG agenda.

KPMG will identify the key themes and prioritise the issues raised across various roundtables conducted with TAC leaders and key industry leaders at the TAC symposium. Some of the issues expected to be tackled include:

1. The Real Estate sector

• The key hurdles in greening older buildings, given that a good proportion of the 8,600 buildings in Singapore are not new.
• The role of technology in helping landlords/occupants reduce the whole of life carbon in buildings.
• Associated business models which would help drive adoption for the Singapore Real Estate sector   
• How tax rebates, grants and incentives can be effectively used as tools to drive behaviour change amongst developers, landlords and occupants

2. The Energy & Utilities sector

• Key initiatives for energy transition and its implication on green and low carbon energy procurement as well as infrastructure, regulatory and policy considerations
• Energy efficiency and management as a service and associated business models which will help drive adoption by the business community

Then, KPMG will synthesise these issues and solutions that TAC leaders and key industry players have engaged with, alongside the lessons learnt. These will then be presented as proposals for the government to consider in policy decisions. 

KPMG will also coordinate with key industry players to further frame, develop and deploy identified solutions for measurable change to happen. 

$1 = US$0.74