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WBCSD at Ecosperity Week 2025: Asia’s Race to 2030 

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14 May, 2025

This post was originally published on WBCSD

Ecosperity is an amazing event, which is really beginning to grow globally as the leading sustainability event, in this part of the world.

– Peter Bakker, 6th May 2025 (Channel News Asia Interview)

Asia’s Race towards 2030: All Systems Go was the theme at Ecosperity Week 2025 in Singapore.  The four-day event brought together government representatives, financiers, and industry for a stocktake on where Asia stands in terms of meeting its 2030 decarbonization goals and to identify strategic areas of systems-level change the region requires.  

WBCSD had a clear agenda: to align finance and high-quality data to build resilience and accelerate decarbonization in a nature-positive way. We convened our member community alongside policymakers and financial institutions focusing on action, implementation and business value. 

Left to right – Peter Bakker, WBCSD, Christopher Gebald, Climeworks, Yuko Tsutsui, Executive Officer, NYK Line, Dr Daniel Klier, CEO Southpole, Jessica Cheam, Eco Business

On 5 May at the inaugural Carbon Removal Leaders’ Summit, convened by WBCSD alongside partners Climeworks, Climate Impact X, Tsao Pao Chee and South Pole, companies explored what it will take to scale up removals in support of climate action.  

There was a strong consensus in the room: The Intergovernmental Panel on Climate Change makes it clear that there is no net-zero world without carbon removals. That means we need a functioning carbon market to reduce emissions and encourage innovation with scalable market-driven climate solutions. We need both reductions and removals. We need both technological and nature-based solutions, each plays a different role and both are essential.  

Singapore becomes world’s first PACT-aligned emission factors registry  

On 6 May, WBCSD and the Singapore Business Federation (SBF) launched a new partnership that makes Singapore the world’s first emission factors registry (Singapore Emissions Factors Registry: SEFR) to adopt PACT Methodology Version 3 (V3). This milestone empowers tens of thousands of Singapore businesses to calculate accurate, granular and comparable Product Carbon Footprints (PCFs), dramatically boosting transparency and standardization in the way emissions data is reported and exchanged across organizations.  

By aligning SEFR with PACT v3, we’ve set a new global benchmark, unlocking reliable carbon data to meet growing regulatory demands, drive green procurement, unlock sustainable investments, and accelerate Scope 3 decarbonization strategies. 

From left to right: Peter Bakker, CEO, World Business Council for Sustainable Development; Lee Chuan Seng, Chairman, National Environment Agency & Founding President, Singapore Green Building Council; Kok Ping Soon, CEO, Singapore Business Federation

Following the announcement, we hosted a workshop with KPMG and SBF focused on addressing Scope 3 emissions through supplier engagement, a critical lever for staying competitive and resilient in today’s market. There was strong demand for SME involvement and tailored decarbonization support, with broad participation from financial institutions, tech players, auditors, and third-party verifiers, all focused on turning decarbonization into a business opportunity.  

Leveraging the Corporate Performance & Accountability System (CPAS) 

We took part in events with  GFANZ (Glasgow Financial Alliance for Net Zero)  and the Industrial Transition Platform Network  (ITPN), ran a workshop on transition planning and integrated approaches to mitigation and adaptation, and a CPAS Roundtable on physical risk along value chains with finance executives from the real economy, investment leaders from asset managers, owners and banks and the Monetary Authority of Singapore.  

We found innovative and sophisticated examples of integration of finance and sustainability, such as an environmental Weighted Average Cost of Capital (WACC) and Value at Risk (VaR).  We found pragmatism – with sustainability action needing to be tied to economic growth and business performance. And we found collaboration – clear signals from policymakers, financial institutions, and corporations to both learn from and contribute to global best practice. 

Climate-proofing businesses and communities  

We ran workshops with members focused on managing climate-related risks and integrating transformative innovation and resilience into performance management. These highlighted the use of AI data-driven modeling platforms to build resilience and cut emissions, and integrated frameworks that marry decarbonization targets with climate resilience, underpinned by clear milestones and stronger public-private collaboration. 

Nature-positive finance with the Singapore Sustainable Finance Association

Businesses shared real-world examples, from TNFD-aligned sustainability-linked loans to large-scale conservation efforts and circular economy investments. Financial institutions showed strong interest, provided that credible data and clear outcomes were in place. 

Inclusive energy transition with ERM

Our members came together on actions to enable a just energy transition through people-centric transition planning that includes workforce skilling and community resilience. Five priorities emerged: reskilling, green job creation, just-transition programs, inclusive participation, and policy coordination.  

Overall more than 250 people engaged in our sessions throughout the week, from over 100 ambitious companies. 

Looking ahead 

Ecosperity Week in Singapore underscored the powerful potential of collaboration, showing how finance, government, and business can come together to drive real-world decarbonization, build resilience, and deliver nature-positive outcomes at scale.  

The post WBCSD at Ecosperity Week 2025: Asia’s Race to 2030  first appeared on WBCSD.

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Circularity roadmap for construction industry announced

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World Green Building Council (WorldGBC) has launched the Asia Pacific Regional Network (APN) Resources and Circularity Readiness Framework, presented at the WorldGBC hosted accelerator session, ‘Retrofitting buildings: Lessons from a global network’, as part of the World Circular Economy Forum 2025 (WCEF2025), a global event dedicated to the circular economy.

Developed by WorldGBC’s APN of 17 Green Building Councils (GBCs) as well as knowledge partners, the framework is a practical roadmap aimed at policymakers and businesses across the region to assess their circularity readiness and identify strategic priorities for action to decarbonise their building stock on both a national and regional scale.

The framework can be used as a tool to quantify the business case for circular, sustainable principles in the built environment, and support businesses and governments to reduce waste, conserve resources and lower carbon emissions. It shows the industry the practical steps it can take now towards circularity, based on its current capabilities. It sets out clear assessment criteria, specific readiness indicators and actionable guidance based on five interconnected elements:

Government leadership: Policies and regulations driving circularity at all levels.
Technical solutions: Innovative approaches enabling resource efficiency and circular material flows.
Data: Measurement systems tracking resource use and circularity progress.
Finance: Funding mechanisms supporting circular business models and infrastructure.
Mindset: Cultural shifts prioritising resource conservation and sustainable consumption.
 

The Framework further supports WorldGBC’s 2025–2027 strategic plan, which outlines the vision for a sustainable built environment, guided by global 2030 decarbonisation goals.

Joy Gai, Head of Asia Pacific Network, WorldGBC said, “The framework has been developed by sustainability experts from the Asia–Pacific, one of the most diverse regions in the world, which is defined by remarkable complexities of culture, building stocks and environmental conditions. Our network recognises that harnessing diversity is fundamental to shaping a more resilient, resource-efficient future — but we need a guide to show us how to put our ambition into action. That is why we developed the APN Resources and Circularity Readiness Framework.

“WorldGBC is proud to join our Green Building Councils and partners in launching this timely resource. It creates a common language to guide businesses through collaboration, identifying their needs and applying circular methods which support our shared vision for a sustainable and regenerative future for Asia–Pacific and beyond.”

Jeff Oatman, chair of the Asia Pacific Regional network, Head of Collaboration and membership at Green Building Council of Australia (GBCA), added, “The Resources and Circularity Readiness Framework is a timely and much-needed initiative to accelerate the transition to a more regenerative and resource-efficient built environment across our region. By offering a clear pathway for assessing readiness and driving action, it empowers governments, industry and communities to make smarter, more sustainable decisions around circularity. I’m proud to be part of this collaboration and to contribute to a tool that not only fosters innovation but also supports practical outcomes that matter for people and the planet.”

Takuji Kohama, Chief Representative, AGC Group for Asia Pacific, also commented, “A resilient built environment relies on understanding ecological interconnections and making a conscious shift from linear consumption to cyclical resource stewardship. Designing buildings and infrastructures with their lifecycle in mind maximises material efficiency and minimises waste through a holistic approach from resource sourcing to end-of-life. Prioritising design for disassembly, material recovery, reuse and repurpose transforms buildings into dynamic material banks, significantly reducing construction’s environmental impact and fostering economic and environmental sustainability.

“Participating in the formulation of Resources and Circularity Readiness Framework offers a practical path to sustainable growth in our resource-constrained and climate-challenged region. This framework empowers built environment stakeholders to adopt a regenerative, resilient mindset focused on long-term value creation, redefining design, construction and living beyond waste minimisation. We aim to catalyse greater collaboration, innovation and systemic change, positioning AGC as a regional leader in circular economy practices and a model for urban sustainability.”

GBCs will use the framework to assess their own readiness to accelerate the transition to a circular economy in the built environment, as well as supporting the Asia–Pacific market. To find out more, head to the Green Building Council of Australia website.

Image credit: iStock.com/Benjamas Deekam

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