Southeast Asia Information Port (www.dnyxxg.com) – Singapore has announced the establishment of the Corporate Climate Transition Competitiveness Council (C3T), aimed at helping businesses enhance their climate resilience and international competitiveness, coordinating efforts to implement climate initiatives, and preparing for the national climate adaptation plan to be launched in 2027.
Minister for Sustainability and the Environment, Grace Fu, officially announced this initiative on Monday, April 6th, during a post-conference dialogue hosted by the Singapore Business Federation (SBF) following the 30th United Nations Climate Change Conference (COP30).
The new council is jointly established by the Singapore Business Federation (SBF) and the National Climate Change Secretariat (NCCS), and will be co-chaired by Singapore Climate Action Ambassador Ravi Menon and SBF CEO Guo Bingxun. The council will bring together government departments, the business community, and relevant stakeholders to support businesses in advancing climate transition and seizing green development opportunities.
Its main functions include: coordinating resources from all parties in the ecosystem, promoting the implementation of government climate initiatives, such as industry transformation pathways and a national climate adaptation plan; developing specific solutions to assist businesses in transformation planning and sustainable action, covering areas such as climate information disclosure, green procurement, and sustainable financing.
Singapore plans to launch its first national climate adaptation plan in 2027. This plan will systematically analyze the impacts of climate change on infrastructure, food and water security, public health, economic resilience, and social equity, and formulate corresponding response measures. The government will conduct a series of public consultations on related areas in the coming year.
Fu Haiyan stated that the government hopes to promote the national climate plan more efficiently and systematically carry out mitigation and adaptation actions through the council, enabling Singapore to maintain a highly resilient business environment under extreme weather conditions and ensuring rapid recovery of operations. She emphasized that building climate resilience requires the joint efforts of the government, businesses, and all sectors of society.
She also called on businesses to self-assess whether they have business continuity plans to address climate change and various unforeseen risks, pointing out that while the government will continue to build climate-related infrastructure, it cannot replace businesses in developing their own operational continuity plans. (End)
