Supported by the Singapore Ministry of Trade and Industry, the Ministry of Sustainability and the Environment, the Enterprise Singapore, and the SBF Foundation, Asuene has been chosen as the official solution partner for Singapore Emission Factor Registry (SEFR), Singapore localized emission factor database. This partnership aims to enhance the accuracy of CO2 emission visibility in Singapore and fully support decarbonization management.
Asuene Inc. (Headquartered in Minato, Tokyo; CEO Kohei Nishiwada) has announced that its Singapore branch, Asuene APAC , was selected as an official partner following the launch of the first phase of Singapore’s localized emission factor database, the Singapore Emission Factor Registry (SEFR), announced on October 4, 2024.
The SEFR initiative, supported by Singapore’s Ministry of Trade and Industry, Ministry of Sustainability and the Environment, Enterprise Singapore, and the SBF Foundation, was created to enhance the visibility of CO2 emissions, particularly improving the accuracy of Scope 3 calculations. Asuene has been recognized as an official partner in the “Carbon Calculators” category, based on its proven track record and the reliability of its solutions within Singapore, to promote the calculation of CO2 emissions for Singapore businesses.
Being selected as an official partner of the SEFR allows Asuene to lead the promotion of utilizing the “emission factor database,” enabling more accurate visibility of CO2 emissions and supporting more refined decarbonization management in Singapore.
What is the SEFR (Singapore Emission Factor Registry)?
Organizations and leaders based in Singapore focused on decarbonization and sustainable practices, such as ESG management, have long faced significant challenges in visualizing CO2 emissions, particularly regarding the accuracy of Scope 3 calculations. Typically, “emission factors” are used for CO2 emissions visibility, but categories are organized differently in each country, and efforts to standardize the rules for emission factors are ongoing.
In Singapore, businesses currently use emission factors from other countries for CO2 emissions visibility, but there is no uniformity among businesses regarding which country’s factors to use. Additionally, using foreign emission factors presents a challenge, as they do not accurately reflect Singapore’s local circumstances. In other words, the rules for visualizing CO2 emissions for companies in Singapore are still in development. To address this, the Singapore Business Federation (SBF) and the Agency for Science, Technology and Research (ASTAR) have jointly developed the Singapore-localized emission factor database, SEFR.
The SEFR aims to consolidate a database of emission factors for use by Singapore businesses, expanding the available emission factors. These emission factors will be covering eight categories, i.e. building equipment, building materials, fuel, greenhouse gasses, land transport, purchased energy, waste, and water.
With the establishment of a localized emission factor database, Singapore businesses can now achieve more accurate visualizations of CO2 emissions than ever before, enabling the development of more realistic reduction plans.
As an official partner, we will incorporate the SEFR into our CO2 emissions visualization platform, Asuene, to enhance calculation accuracy for local businesses.
Comment from Masaaki Hamada, Managing Director of Asuene APAC
“I am thrilled that Singapore has developed and announced a localized emission factor database, which many countries in Asia aspire to do the same. With the establishment of the SEFR, many local SMEs will no longer struggle with calculation methods, and the accuracy of their calculations will improve. We anticipate that this SEFR will also be widely used in neighboring Southeast Asian countries, establishing Singapore as a leader in promoting decarbonization in the region.”
This press release has also been published on VRITIMES