How Companies Can Incorporate Carbon Credits Into Their Decarbonisation Plans

With the growing focus on achieving Singapore’s net-zero ambitions, the National Climate Change Secretariat, Ministry of Trade and Industry, and Enterprise Singapore jointly released draft guidance on how companies can incorporate carbon credits into their decarbonisation plans and participate in the voluntary carbon market.

This legal update outlines the key recommendations under the draft guidance, including the principles for identifying high-quality carbon credits, best practices for integrating them into corporate decarbonisation strategies, and measures to enhance transparency and accountability in the voluntary carbon market.