The Science Based Targets initiative (SBTi) has crossed a major milestone, with more than 10,000 companies now holding validated science-based climate targets, reflecting growing corporate alignment with global climate action and decarbonisation pathways.

Across Asia, climate action is increasingly being framed as a driver of economic competitiveness, with urgency mounting across the region. Malaysia, Thailand, and Indonesia submitted new national climate action plans toward the end of 2025. However, recent data highlights a significant challenge: Asian fossil fuel and cement producers were responsible for nearly one-third of global fossil carbon emissions in 2024, underscoring the scale of the transition still required.

In Singapore, progress is being made on the practical enablers of credible climate reporting. The expansion of the Singapore Business Federation’s Singapore Emission Factors Registry (SEFR) marks a significant step toward supporting businesses in measuring emissions more accurately. This development reflects growing momentum to improve data quality, transparency, and consistency—key foundations for accelerating corporate decarbonisation efforts.

Together, these developments point to a global ESG landscape where ambition is rising, but implementation gaps—particularly in emissions-intensive sectors—remain a critical challenge. This reinforces the importance of robust measurement frameworks, science-based targets, and policy alignment with automated and efficient ESG platforms to drive meaningful climate progress.