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Home / Projects Projects Lead the Charge: Achieving Science-Based Targets for Financed Emissions December 6, 2024 All Projects, Capacity Building, Carbon & Sustainability, Climate Change Adaptation & Mitigation, Financed Emissions, Scope 3, SBTi, GHG Accounting, Financial Institution TEMBUSU Asia Consulting (TAC) is a proud consulting partner to one of Asia-Pacific's leading banks in their commitment to a sustainable future. TAC assisted the client in establishing a comprehensive greenhouse gas (GHG) emissions accounting inventory , encompassing all three scopes as outlined by the GHG Protocol and developed a decarbonisation roadmap. TAC commenced with an introductory training program on carbon accounting . After which TAC conducted a thorough Scope 3 screening exercise to identify the most significant indirect emissions categories within the bank's portfolio and identified financed emissions as a key category. The team facilitated the collection of GHG emissions data across Scopes 1, 2, and 3 within the bank's operations. Utilising the gathered data, TAC established a clear baseline for the bank's total GHG emissions. Leveraging expertise in Science Based Targets initiative (SBTi) , TAC collaborated with the bank to craft a comprehensive decarbonisation roadmap across all emission scopes. #GHG #FinancialInstitution #Bank #FinancedEmissions #GHGAccounting #Scope3 #SBTi #decarbonisation #SDG9 #SDG11 Previous Back Next

Home / Projects Projects Environmental Compliance Audit of a Recycling Facility in Singapore August 5, 2020 All Projects, Urban Resilience TEMBUSU Asia Consulting was engaged to carry out an environmental compliance audit of a Recycling Facility based in Singapore. The Recycling Facility is a pioneer in the region in providing waste solutions and engaged in waste recycling of electronic waste (E-waste) which leads to resource recovery of rare metals. As part of the assessment, Recycling Facility was audited to determine compliance of business operations with applicable national environmental regulatory requirements & business permits and to identify whether any potential environmental risks present. The goal is to assist Client in a decision-making process to appoint the concerned Recycling Facility as an approved vendor under vendor management system. Previous Back Next

Home / Projects Projects EMMP project for the construction of housing development in Pasir Ris July 29, 2021 All Projects, Environmental & Ecology TEMBUSU Asia Consulting (TAC) was awarded an Environmental Management and Monitoring Plan (EMMP) project for the construction of housing development in Pasir Ris. The work mainly covers the development of a detailed construction EMMP framework during the pre-construction stage, outlining the mitigation and management measures to ensure that the proposed works do not adversely affect the environment around the project site. Additionally, TAC developed a Wildlife Management Plan to advise the Client on wildlife protection and encounter. Given that the project is located adjacent to an existing forested area, TAC will provide support for biodiversity monitoring throughout the construction period to ensure that the mitigation measures implemented are effective for the protection of biodiversity. Previous Back Next

Tembusu Asia Consulting  is pleased to share the recent development by SGX RegCo  that, starting in financial year (FY) 2025 , all issuers will be required to report their climate-related disclosures incorporating the climate-related requirements in the IFRS Sustainability Disclosure Standards , issued by the International Sustainability Standards Board (ISSB) .  With the compliance deadline approaching, it is critical for companies to start adapting their reporting frameworks to meet these standards. Early preparation will help ensure smooth implementation  and position companies to fulfill these obligations effectively.  “This is a positive step towards more globally consistent and comparable sustainability-related disclosures, which will enable SGX-listed companies to demonstrate resilience against climate risks as well as seize opportunities in our transition to a low-carbon economy,” said Mr Lim Tuang Lee , Assistant Managing Director (Capital Markets), Monetary Authority of Singapore .  At TEMBUSU Asia Consulting , we are ready to help your company navigate this transition and are proud to be one of the few licensees  of the IFRS® Sustainability Disclosure Standards  and SASB® Standards .  With our team management consultants accredited as Practicing Management Consultants  (PMC) by SBACC and recognized by EnterpriseSG , we offer:  Customized consulting  services aligned with the new SGX requirements  Comprehensive training  to equip your team for these changes.  Guidance on ISSB Reporting  that is eligible for the Sustainability Reporting Grant  from Enterprise Singapore.    This mandatory reporting requirement is a significant step towards climate resilience. For more information on the SGX mandate, click here .  Contact us  today to see how we can assist you in preparing for these changes.  #TembusuAsiaConsulting #IFRS #ISSB #SGX #SustainabilityReporting

8 July 2024 - TEMBUSU Asia Consulting (TAC) is now accredited by the Asia Carbon Institute (ACI) as the first Singapore Validation and Verification Body (VVB) to verify carbon credits. This strategic move reinforces TAC’s expertise to drive the regional carbon trading market alongside ACI, catalysing the generation and issuance of high-quality carbon credits to meet the increasing market demand in Asia . The World Economic Forum  projects that Asia's green economy will play a transformative role globally in the next decade, with its market for green businesses expected to reach between  USD 4 to 5 trillion by 2030 . In 2023, Asia led in terms of carbon credit transaction volume in the voluntary carbon market. Despite a notable pullback from REDD+ projects last year, the Asia carbon market shows ample room for growth . Meanwhile, carbon credits from engineered projects overtook nature-based credits in 2023 . With a special focus on engineered projects such as technology-based and urban-related carbon reduction and removal solutions, ACI provides greenhouse gas mitigation project proponents in Asia an alternative standard that is closer to home for credit registration. TAC will offer its technical expertise and regional knowledge to verify the integrity of the carbon credits based on relevant standards. Pooling their network together, ACI and TAC are expected to expand their reach to more companies in Asia and beyond, providing an avenue for more Asian players to participate in the emerging Asia carbon market . Celebrating its 6th year anniversary on 7th July 2024 , TAC recounts the role it has in driving Singapore corporates’ decarbonisation efforts. From Sustainability-Linked Loans and Resource Efficiency Grants to Verification under Singapore’s Carbon Pricing Act, TAC has been conducting greenhouse gas validation and verification for companies in Singapore as part of the companies’ carbon reduction journeys. Supported by Enterprise Singapore, TAC deepened its capabilities and was accredited by the Singapore Accreditation Council (SAC) for its greenhouse gas verification competencies . This provided greater assurance that TAC’s verification process is aligned to international standards and opened doors for TAC to access new opportunities in the carbon services space.   To date, TAC has verified over 9.16 million tonnes of greenhouse gas for various industries. With ACI’s accreditation, TAC can support project developers from Asia in fuelling Asia’s decarbonisation agenda. As carbon taxes and Emission Trading System in Asia mature, the demand and value of carbon credits are anticipated to rise in the near future. This timely accreditation by ACI enables TAC to verify the additionality and verifiability of carbon credits from energy, manufacturing and chemical industries to mining, waste, and afforestation and reforestation sectors , giving Asia’s greenhouse gas mitigation project proponents more access to register their carbon credits. From left to right: Alexander Zehnder (Steering Board Member of ACI), John Lo (Founder of ACI), Tan Seng Chuan (Chairman and Managing Director of TAC) and Lee Shiau Ping (Department Head of Carbon & Sustainability at TAC).   About TEMBUSU Asia TEMBUSU Asia began operations in July 2018 and has been accredited by the National Environmental Agency (NEA) to conduct greenhouse gas emissions verification under the Carbon Pricing Act since 2019. Subsequently, TAC attained accreditation by the Singapore Accreditation Council as a validation and verification body in 2023. With ACI’s accreditation added to its laurels, TAC is poised to verify carbon credits registered under the ACI program. TAC is also a licensed assurance provider under AA1000AS. For more information, please visit https://www.tembusuasia.com/ .   About Asia Carbon Institute Asia Carbon Institute (ACI) is a non-profit organisation dedicated to fostering sustainable climate action throughout Asia and beyond. As a voluntary carbon credit standards body and registry, ACI focuses on developing and implementing climate-positive initiatives and tailored solutions to address the unique environmental challenges and opportunities in Asia. ACI's mission is to provide a reliable and substantiated platform for generating, assessing, and validating premium carbon credits. With rigorous project validation and verification protocols, ACI ensures that each carbon credit represents a verifiable, quantifiable, and lasting reduction in greenhouse gas emissions. For more information, please visit www.asiacarboninstitute.org   For media enquiries, please contact: Joy Lim Training & Development Manager Email: joylim@tembusuasia.com Phone: 6238 4009

On the 19th of March 2024, Singapore Accreditation Council celebrated the achievements of the newly accredited Conformity Assessment Bodies (CABs) at SAC Customer Day 2024. We, Tembusu Asia Consulting, was also one of the newly accredited CABs celebrated! *In 2023, we became a SAC-Accredited GHG Validation and Verification Body. In addition to representing Tembusu Asia in receiving the Certificate of Accreditation on stage, our Managing Director, S eng Chuan Tan  was also one of the four panellist on that day for a discussion with the theme ‘Accreditation: Empowering a Smart and Sustainable Future’. Lastly, we agree with SAC that "There is no 'right' time to start" on one's sustainability journey. " The time is now. "