IBEW 2024: Carbon Reporting in the Built Reporting

Session 1 of the International Built Environment Week (IBEW) wrapped up a valuable panel on carbon accounting and reporting.

Led by Junice Yeo, SGBC CEO Yvonne Soh, CDL Chief Sustainability Officer Esther An and UOB Managing Director, Head of Real Estate & Hospitality and Construction & Infrastructure Jasper Wong, discussed the critical importance of understanding and tracking carbon emissions for businesses in an increasingly carbon-sensitive environment.

Key takeaways:

  • Understanding the mechanics: The panel delved into the intricacies of carbon accounting, including methodologies and standards.
  • Setting emissions targets: Setting realistic and achievable emissions reduction goals is essential for effective climate action.
  • Reporting and verification: Accurate and transparent reporting of carbon emissions is crucial for accountability and credibility, and SGBC has developed some resources to help organisations ease into reporting.
  • Leveraging data for decision-making: Carbon data can provide valuable insights to inform business strategies and drive sustainable practices.

As carbon reporting steadily picks up steam, organisations must be ready to harness and leverage the carbon metric for the new normal.