The Singapore Business Federation (SBF) and the National Climate Change Secretariat (NCCS) have unveiled the Council for a Competitive Climate Transition (C3T) to bolster business competitiveness amid climate challenges. Announced at the SBF Post-COP30 Dialogue on 6 April 2026, the council will unite government, industry leaders, and partners to support businesses in navigating the low-carbon transition.
C3T will focus on three main areas: climate risk management, sustainable business practices, and ecosystem coordination. By addressing climate risks such as extreme weather, the council aims to enhance operational resilience. It will also develop sector-specific transition pathways and solutions like climate disclosure and sustainable financing. The initiative aligns with Singapore’s National Adaptation Plan, aiming to provide coordinated support for businesses.
Ravi Menon, Singapore’s Ambassador for Climate Action, emphasised the need for “coordinated and sustained action” to capture green growth opportunities. Whilst, SBF CEO Kok Ping Soon highlighted the importance of adaptation for competitiveness, noting that disruptions from climate impacts will increasingly affect operations and investments.
The dialogue, themed “Navigating Climate and Business in 2026,” attracted over 500 participants, including business leaders and sustainability professionals. It featured discussions on climate adaptation and finance, alongside the signing of a memorandum of understanding between SBF and Maybank Singapore to support regional growth and climate transition.
As Singapore designates 2026 as the Year of Climate Adaptation, C3T is poised to play a crucial role in helping businesses prepare for a carbon-constrained future, translating climate commitments into practical outcomes.
