The vast majority or 94% of Singapore organisations fail to fully measure and analysing their Scope 3 emissions, according to a joint report by Schneider Electric and the Institute of Singapore Chartered Accountants .
Only 27% of senior teams have a strong grasp of Scope 3, much lower compared to 58% of board members and 51% of C-level executives. Confidence in meeting targets has also been impacted by this knowledge gap, with only 27% of business leaders saying the Scope 3 emissions target set by their companies is achievable, far from 40% for Scope 1 and 31% for Scope 2.
“Singapore. Education is critical for advancing Singapore’s green agenda. We see correlations throughout the findings of this study that a lack of understanding of key areas of management of greenhouse gas emissions leads to a lower level of planning, target setting, and ultimately actio,” said Yoon Young Kim, Cluster President of Schneider Electric for Singapore and Brunei.