Topics: Environment, Energy

  • Three in four S-REITs surveyed are preparing for sustainability assurance readiness: PwC Singapore study

    With mandatory external assurance for Scope 1 and 2 greenhouse gas (GHG) emissions starting from FY2029, 75% of respondents have conducted or are planning to conduct a readiness assessment as a practical first step for S-REITs to strengthen assurance preparedness Three-quarters (75%) of S-REITs surveyed use either ESG-specific or generic systems for sustainability data collection and reporting

  • AI adoption could boost global GDP by an additional 15 percentage points by 2035, as global economy is reshaped: PwC Research

    AI’s potential to boost global growth hinges not just on its capabilities, but on ability to deploy it responsibly and earn society’s trust. However, physical climate risks could leave the global economy nearly 7% smaller in 2035 than it would have been otherwise. New cross-industry ways of working will allow companies to seize growth opportunities. To support clients in this new environ

  • PwC Singapore’s report: Singapore’s sustainability legal services market set to triple in value by 2033

    The sustainability legal services market is projected to grow at a compound annual growth rate (CAGR) of 10% per annum, reaching S$450 million to S$500 million by 2033, up from an estimated S$140 million to S$180 million in 2023 Key areas expected to drive the growth of sustainability legal services include green finance, capital and infrastructure projects, and technologies and digital innovatio

  • Strong net zero commitment among Asia Pacific companies with improved GHG emissions disclosures: PwC and NUS Business School


    Majority on path to underpin commitments with verified science-based targets
    Of the 700 companies studied: 53% (371 companies) have set net zero commitments, up from 47% (329 companies) from last year’s report 37% of these 371 companies with net zero targets have described their targets as science-based, but only 18% have had their net zero targets verified by the Science Based Target ini

  • PwC’s response to Singapore Budget 2024 on 16 February

    For immediate release - Singapore, 16 Feb 2024 – The following comments are responses from PwC Singapore on the Singapore Budget 2024:“The move to introduce a Refundable Investment Credit (RIC) regime is very wise. Singapore needs to remain competitive to continue to attract foreign direct investment. A RIC that is aligned with global standards will enable us to continue attracting high value econ

  • PwC Singapore's Budget 2024 proposals call for support to uplift businesses, operationalise sustainability and extend care to employees

    Singapore can accelerate climate action by giving a leg up to help companies operate more sustainably, and strengthen its food resilience by enabling more economic viability in urban farming A thriving workforce starts with well-supported employees, more care can be extended to Singapore employees In the age of global minimum tax, Singapore can sustain its attractiveness as an international busi

  • Multiple Pathways to Decarbonise the Agri-Food Sector in Asia Identified in 2023 Asia Food Challenge Report

    Key summary
    Agri-food accounts for over a third of global carbon dioxide equivalent emissions, second only to energy. This dynamic is even more pronounced in some regions in Asia, such as South and South East Asia, where it is up to 50% of total emissions. There is the potential to reduce carbon dioxide equivalent emissions from agri-food in Asia by 12% (equivalent to 840 Mt CO2e) ahead of 203

  • New Asia Pacific study reveals overall progress in sustainability reporting but critical gaps remain; PwC and NUS Business School

    Overall rise in disclosure of identified climate-related risks and/or opportunities in companies’ sustainability reporting from 77% in 2021 to 88% in 2022 Companies in most jurisdictions do well in having ESG targets (92%), but only 51% are disclosing net zero targets and only 42% have net zero targets based on the Science-Based Targets initiative (SBTi) framework. Only 16% reported having their

  • PwC launches Asia Pacific Marketplace to help clients accelerate digital transformation

    For immediate release - Singapore, 9 May 2023 – Digital transformation for businesses is more than a buzzword. However, the question is no longer whether digital can provide value, but rather how it can increase resilience and agility, and reduce cybersecurity and data privacy risk in an increasingly complex business and operating environment.
    In response, PwC has embraced an asset-based servic

  • Nearly four in 10 Singapore CEOs believe their companies not viable if they continue on current path: PwC survey

    89% of Singapore CEOs surveyed believe global economic growth will decline over the next year Inflation and macroeconomic volatility rank as the top threats for nearly a third of Singapore CEOs in the short-term Over six in 10 Singapore CEOs see changes in customer demands and regulations as the biggest challenges to long-term industry profitability Amid rising costs, 83% of Singapore CEOs do not

  • Let change be Singapore’s friend: PwC’s Proposals for Budget 2023

    Singapore can yield new economic benefits by strengthening its global relevance in sustainability, the digital economy and international trade The country’s strength as an international business hub can be reaffirmed in the age of global minimum tax Time for Singapore to stand out as a global asset and wealth management centre
    For immediate release - Singapore, 31 January 2023 – As Singapore

  • Significant potential for integrated regional power grid and electricity market development for ASEAN: PwC

    Achieving optimal electrification and supercharging ASEAN’s energy trade requires concerted effort in facilitating infrastructure investment and development across borders
    For immediate release - Singapore, 19 October 2022 – As ASEAN faces depleting energy reserves catalysed by climate change while anticipating exponential growth in its electricity demand, an integrated regional renewable powe

  • ESG-focused institutional investment seen soaring 84% globally to US$33.9 trillion in 2026, making up 21.5% of assets under management: PwC report

    For immediate release - Singapore, 13 October 2022 – Asset managers globally are expected to increase their ESG-related assets under management (AuM) to US$33.9tn by 2026, from US$18.4tn in 2021. With a projected compound annual growth rate (CAGR) of 12.9%, ESG assets are on pace to constitute 21.5% of total global AuM in less than 5 years. In Asia Pacific, 80% of the asset managers surveyed plan

  • COVID-19 proves to be double-edged sword for family businesses in Asia Pacific and Asean: PwC

    PwC’s NextGen Survey 2022 Asia Pacific and ASEAN highlights
    43% of the next generation of family business leaders surveyed in Asia Pacific are more committed to their business than before the pandemic 67% recognise that their business has a responsibility to fight climate change and its related consequences Only 12% say they emphasise cyber security and privacy as a priority for their family b

  • Translating sustainability and climate commitments into action: PwC and NUS Asia Pacific sustainability reporting study reveals what’s next for businesses

    84% of companies reported climate change as a sustainability issue, but less than half demonstrated integrating climate risks and measures in their operations Disclosures on sustainability training and the linkage of the environment, social and corporate governance (ESG) performance to leaders’ remuneration can be improved Significant opportunities remain for companies to build greater trust with

  • PwC’s response to Singapore Budget 2022

    For immediate release - Singapore, 18 February 2022 – The following comments are responses from PwC Singapore on the Singapore Budget 2022:
    "Leading enterprises through transformation in times of disruption like what we are experiencing today, requires new and different leadership skills. Leaders will need to navigate through complexities and ambiguity, without necessarily having all the answer

  • PwC Singapore’s Budget 2022 proposals to support Singapore’s growth as an Active economy, Beautiful society and Clean environment

    Growing Singapore as a vibrant hub for sustainability and carbon services Investing growth in HealthTech and the New Health Economy Helping companies mitigate cybersecurity and data security risks
    Singapore, 11 January 2022 – Ahead of the Singapore Budget 2022, PwC Singapore has released its Proposals for Budget 2022. These recommendations have been provided to the Ministry of Finance for con

  • PwC launches Asia Pacific Centre for Sustainability Excellence in Singapore

    Centre officially launched by Ms Grace Fu, Minister for Sustainability and the Environment Centre aims to support organisations across Asia Pacific in achieving ESG excellence across decarbonisation, managing climate risk, sustainable finance and investment, sustainability report and assurance, etc. Singapore Low Carbon Network also launched in support of the Singapore Green Plan 2030
    Singap

  • PwC’s climate targets validated by SBTi

    SBTi Validation Affirms PwC’s approach and timeline to achieve net zero 2030 commitment Commitment includes a 50% absolute reduction in business travel emissions
    Singapore, September 8, 2021 — Today, PwC announced it received validation for its science-based targets and reaffirmed its commitment to achieve net zero greenhouse gas (GHG) emissions by 2030.
    The Science Based Targets initiati

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