The United Nations Global Compact Network Singapore Summit on 8 October 2025 saw the announcement of significant updates to the Singapore Emission Factors Registry (SEFR) and NetZeroHub.SG by Second Minister for Finance Indranee Rajah. These updates include the introduction of localised emission factors for five key sectors—professional services, cleaning, security, information and communications technology (ICT), and product carbon footprint—aimed at improving carbon accounting for businesses in Singapore.
From financial year 2026, Scope 3 emissions reporting will become mandatory for Straits Times Index companies. SEFR’s new emission factors will support this transition by providing sector-specific data, reducing reliance on generic assumptions, and enhancing the credibility of carbon reporting. This initiative is backed by key government agencies such as the Agency for Science, Technology and Research and the Infocomm Media Development Authority, with contributions from local businesses and trade associations.
In addition to SEFR’s enhancements, NetZeroHub.SG has launched new community-centric features, including a National Events Calendar, Community Forum, and an Expanded Directory of Solution Providers. These tools are designed to facilitate collaboration among businesses and individuals in their decarbonisation efforts.
Lee Chuan Seng, Chairman of the SEFR Governance Committee, highlighted the registry’s impact, stating, “SEFR has benefitted more than 700 Singapore businesses in its first year by helping them report all aspects of Scope 1 and 2 emissions, as well as some aspects of Scope 3 emissions, more conveniently and consistently.”
These developments underscore Singapore’s commitment to advancing transparent and reliable carbon accounting, positioning SEFR and NetZeroHub.SG as essential resources for businesses aiming to achieve sustainability goals.
