Climate Change and Carbon Services
Paia helps clients prepare their business for an everchanging world. We help organisations prepare for a low carbon, equitable and sustainable future. Pioneering the sustainability space in Singapore, we meet companies wherever they are in their sustainability journey and together help them find the right solutions to meet their aspirations.
Climate change represents a significant, long-term business risk, and opportunity, for almost all companies. These risks include more stringent regulatory requirements (e.g. Singapore carbon tax, building regulations, international carbon regulations) along with impact/ disruption from more extreme weather events (especially to global supply chains). Companies are being asked by regulators, investors, consumers and other key stakeholders to externally disclose their carbon emissions, and explain what they are doing to manage and reduce these emissions, and risk.
Whether you are being asked by investors to disclose key risks, required by legislation to report your emissions or simply wish to better understand possible commercial opportunities or build climate resilience, we can help you.
HOW WE HELP CLIENTS
Transport and Logistic Sustainability Roadmap Development with Enterprise Development Grant (Industry)
With a grant support from Enterprise Singapore, Paia Consulting is pleased to launch a Transport and Logistic Sustainability Roadmap Development Program, starting 1 Mar 2024 for Singapore-based companies in the Transport and Logistics sector. [Read More]
Greenhouse Gas Accounting
Paia provides greenhouse gas inventories and calculations for scopes 1, 2, and 3 based on the Greenhouse Gas (GHG) Protocol. We perform advanced calculations such as embodied carbon, avoided emissions, and methane tracking.
Decarbonisation Transition Plans (Roadmaps)
Paia consultants strategise effective and efficient ways to reduce emissions with the additional aspect of compensating emissions using GHG removals. We provide carbon reduction advisory for companies to implement, including carbon monitoring plans.
Training
Paia has runs regular training and in-house capacity-building workshops for clients in different industries. We have created course material specifically GHG accounting (introductory and advanced), climate strategy & carbon markets, advanced methane measurement for oil, gas, & energy, and life-cycle assessment.
Climate Risk Assessment (TCFD)
Paia helps clients build the capacity to understand their exposure to physical and transitional climate risk and optimize strategies for mitigation and adaptation, inline with the TCFD framework.
Science Based Target Setting
Paia offers advisory services to help companies set Science-Based Targets and begin the journey to validation of their emissions inventory and targets with Science-Based Target initiative (SBTi)
EXAMPLES OF OUR WORK
We specialise in helping companies assess ESG risks and opportunities and implement sustainable solutions.
Climate Risk and Opportunity Assessment
Understanding what the impacts of climate change will be on your direct operations, supply chain and customers is key. Using established methods from climate scenario planning, we can help identify possible future regulatory, physical and governance risks to your business, assesses your company’s ability to manage and recover from such risks and provide recommendations. The process also outlines where new commercial opportunities may lie in your sector, service or product line.
- TCFD (Task Force on Climate-related Financial Disclosures) The TCFD is a voluntary initiative encouraging companies to disclose information to investors, lenders, insurers and other stakeholders on the financial risks (and opportunities) from future climate change. Unlike other sustainability reporting requirements interested in a companies’ impact on the environment, the TCFD is about the environment’s future impact on a company, it’s ability to operate and generate value. If you are interested in understanding how climate change may impact your business, or if you have been asked by investors to look at the TCFD recommendations, we can help.
Carbon Footprint
Whilst many companies calculate some parts of their carbon footprint (e.g. from electricity consumption) formally calculating and reporting your company’s carbon footprint (known as Greenhouse Gas (GHG) assessment) is key. Through use of internationally recognised standards (such as the Greenhouse Gas Protocol or IS014064) we can quantify your company’s direct and indirect emissions sources, and help you effectively report these in your sustainability report to SGX, to government/ regulatory authority or various external reporting organisations (including the Global Reporting Initiative (GRI)).
Emissions Reduction Strategy
Once a robust calculation of your GHG emissions is complete, we can help your organisation then set emissions reduction targets and develop management plans to reduce emissions over the long-term. This may include working with energy efficiency or renewable energy experts to design & deploy engineering based solutions, engaging with employees to help them understand emissions reduction opportunities on the ground, and/ or providing informed and practical recommendations to key departments.
Carbon Disclosures and Submissions
Climate change is becoming an increasingly important issue for businesses to address. Many companies in Singapore calculate and report their carbon emissions – and also set targets to reduce their emissions over the coming years. Several frameworks and initiatives have been set up for companies to disclose their carbon emissions and set targets for how they plan to reduce their carbon footprint. If your company wants to show climate leadership and begin disclosing forward looking information and ambitions, we can help.
- CDP Support The CDP (formerly known as the Carbon Disclosure Project) requests over 7,000 companies globally (on behalf of investors with US$87 trillion assets under management) to disclose information on their carbon emissions and climate risks (and opportunities). This data is used by investors, businesses and policy makers to make informed decisions and better manage future risk. If you have been asked by CDP to disclose on climate change (or water or forests) we can help support you through this process and align your response with CDP’s requirements.
- SBTi Advisory A Science Based Target (or SBT as it is known) is a carbon reduction target which is in line with the scientific consensus on what needs to be done to keep global temperatures below 1.5 degrees of warming. In simple terms, SBTs are corporate carbon reduction targets aligned with ‘the science of climate change’ – rather than on what a company might or might not be able to achieve in terms of emissions reductions. SBT’s demonstrate a company’s strong commitment in playing their part to address climate change. We can help design and set your company’s SBT and submit the target for validation by the Science Based Target initiative (SBTi).
Guidance & Training
Navigating today’s sustainable landscape is a common interest for all members of the workforce. Paia’s sustainability trainings prepare employers and employees for the green transformation in all parts of the economy whether it be green supply chain and sustainable procurement, or carbon markets and climate strategy. Students and enthusiasts will also benefit from knowing the latest developments in ever-evolving sustainable world. Upskill and develop your sustainability acumen with our public training courses.
FEATURED INSIGHTS
Carbon Offsets and Credits, Explained
As companies and governments conceptualise their net-zero roadmaps, they will unavoidably continue to generate emissions in the short-term. To offset these emissions, companies have turned their attention to the promise of carbon offsets and carbon credits, weaving them into their wider decarbonisation strategies.So what are carbon offsets? What are carbon credits? And how do they work?
Carbon markets and climate policy – Turning Risk into opportunity in a decarbonising world
Climate policymakers are ramping up carbon regulations, carbon credits are gaining attention, and carbon markets are expanding. What does this mean for agribusiness and forestry in Southeast Asia, and how can we turn current risks into future opportunities?
Blockchain: For or Against ESG
What is the real potential of blockchain for advancing environmental protection, positive social impact, and robust governance?