SG Launches New Public Private Partnership to Strengthen Biz Competitiveness in Climate Transition
SBF and NCCS will bring together government, industry and other stakeholders to support businesses in strengthening climate transition and capturing climate-related opportunities.
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Singapore will establish the Council for a Competitive Climate Transition (C3T), a new public-private platform led by the National Climate Change Secretariat (NCCS) and the Singapore Business Federation (SBF), to help strengthen businesses’ climate resilience and competitiveness. The Council will be co-chaired by Mr Ravi Menon, Singapore’s Ambassador for Climate Action and Senior Adviser to NCCS, and Mr Kok Ping Soon, Chief Executive Officer of SBF.
To be competitive, Singapore businesses will have to prepare for a carbon-constrained and climate-impaired future. Businesses that reduce their carbon emissions will be more resilient against global energy shocks. With climate change becoming more intense, the physical impacts of climate change will become more severe. Businesses that better understand and mitigate their physical climate risks, such as higher ambient temperatures and extreme weather events, will be able to enhance resilience of their assets, operations, workforce and supply chains.
The Council builds on SBF’s Budget 2026 recommendation to strengthen coordinated support for businesses undertaking the green transition, to respond to growing industry demand for practical, business‑relevant approaches to seize new climate-related opportunities and manage climate risks. The Council will convene and align stakeholders across the ecosystem to drive implementation of climate initiatives such as sectoral transition pathways and the National Adaptation Plan (NAP). It will also develop concrete solutions with industry to help businesses plan for and respond to climate change, in areas such as climate disclosure, green procurement and sustainable financing.
The establishment of C3T was announced by Ms Grace Fu, Minister for Sustainability and the Environment and Minister-in-charge of Trade Relations, at SBF’s Post-COP30 Dialogue. To galvanise collective effort on climate adaptation, MSE has designated 2026 as the Year of Climate Adaptation (YoCA). In support of YoCA, the Council will look into helping businesses to better understand and prepare for climate‑related risks, while identifying opportunities arising from the transition to a low-carbon future.
Mr Ravi Menon, Singapore’s Ambassador for Climate Action and Senior Adviser at NCCS, said: “Strengthening climate resilience and capturing green growth opportunities will require coordinated and sustained action across the ecosystem. The C3T will mobilise collective expertise and resources across government, industry and other stakeholders to help Singapore’s businesses thrive in a carbon‑constrained and climate‑impacted future.”
Mr Kok Ping Soon, CEO of SBF, said: “In a climate‑impaired future, adaptation will be a baseline requirement for competitiveness – because disruptions from heat and extreme weather will increasingly affect operations, supply reliability, and investment decisions. C3T will focus on practical, scalable solutions – starting with stronger climate information infrastructure – so businesses can better quantify and manage how climate risks impact their businesses.”