The draft of its new Corporate Net-Zero Standard proposed the separation of Scope 1 and 2 reporting and expects companies to commit to using cleaner energy by 2040. It also addressed the use of carbon credits to address residual emissions.
APP is Indonesia's first major resources firm to get its climate goals approved by the Science Based Targets initiative, although the targets do not yet include its biggest source of emissions. Rival RGE has also restated its climate commitments despite political signals of the country's retreat from the Paris Agreement.
The findings barely scratch the surface of the greenwashing problem in the region, said RimbaWatch, the Malaysian NGO behind the database. Southeast Asia needs provisions for penalties and better policing of green claims, it said.
EB Studio
“Homeshoring”, or moving production back to a company’s home country, to counter geopolitical tensions is driving demand for low-cost migrant workers, raising labour risks in markets once deemed “low risk”, says the global assurance firm.
For companies, the challenge is not choosing between idealism and abandonment but forging a pragmatic path that balances resilience, local adaptation, and long-term business priorities.
By
Georg Kell, Martin Reeves, Helena Carmody Fox
To achieve net zero emissions in Southeast Asia, addressing the significant financing gap is crucial, requiring bold targets and more international support.
By
Trang Nguyen
EB Studio
CapitaLand sustainability chiefs Vinamra Srivastava and Giovanni Cossu tell the Eco-Business Podcast that there is a viable path to net zero for the world's fastest growing cities.
The climate non-profit's head Sherry Madera insists there are just 450 questions, not over 5,500 as some industry players have cited, in its new questionnaire, which has faced pushback for failing to ease disclosure burden as intended.
The Singapore scientist, recently elected to the UN's top climate body, tells the Eco-Business Podcast about the precarious state of climate adaptation in developing Asia. The region is not well-prepared to manage the cascading risks of extreme climate events, he says.
"We have a choice about the speed of sea-level rise." The Eco-Business Podcast talks to climate scientist Professor Ben Horton about how close the world is to reaching crucial climate tipping points, and what can be done to stop runaway climate change.