CPLC Singapore powers up LowCarbonSG to incentivise environmentally aware firms

This covers companies that measure and monitor their carbon emissions.

Singapore Minister for Sustainability and the Environment Grace Fu announced the launch of LowCarbonSG during the annual summit on corporate sustainability on 26 October.

LowCarbonSG is a capability-building programme to enable local businesses in Singapore to start monitoring and, where possible, reduce their carbon emissions. The 18-month programme is led by Carbon Pricing Leadership Coalition (CPLC) Singapore, the decarbonisation arm of Global Compact Network Singapore.

CPLC Singapore Managing Director Ryal Wun said, "With climate change and the urgent transition to a low-carbon economy, we seek to demystify decarbonisation for businesses through LowCarbonSG and realise Singapore's climate ambitions. We are delighted to partner with [the National Environment Agency and Enterprise Singapore] to help companies thrive in a low-carbon future."

To date, CPLC Singapore has engaged 152 companies and upskilled 247 staff in emissions awareness and knowledge.