A new public-private partnership aims to help businesses adapt to climate risks and stay competitive in a low-carbon future.
Singapore has announced the creation of the Council for a Competitive Climate Transition (C3T), a new platform to support businesses in adapting to climate change and improving competitiveness. The initiative was introduced in 2026 by the National Climate Change Secretariat and the Singapore Business Federation.
The Council will be co-chaired by Ravi Menon, Singapore’s Ambassador for Climate Action, and Kok Ping Soon. It aims to help companies prepare for a future affected by carbon limits and climate impacts.
The announcement was made by Grace Fu during the Post-COP30 Dialogue held at the SBF Centre. The event gathered more than 500 participants, including business leaders, government officials, and sustainability experts.
The C3T will focus on practical solutions to help businesses reduce carbon emissions, manage climate risks, and take advantage of new green opportunities. It will also support initiatives such as sectoral transition plans and Singapore’s upcoming National Adaptation Plan.
Officials say businesses that reduce emissions and understand risks like extreme weather and rising temperatures will be more resilient. The Council will also promote areas such as climate reporting, green procurement, and sustainable finance.
The launch aligns with Singapore’s designation of 2026 as the Year of Climate Adaptation, encouraging stronger efforts across industries to prepare for climate challenges.
At the same event, the Singapore Business Federation signed a memorandum of understanding with Maybank Singapore to support businesses in regional expansion and sustainability efforts. The partnership will focus on knowledge sharing, financing solutions, and capacity building for companies.
Speakers at the dialogue included Frank Phuan, Cherine Fok, Benjamin Soh, and Alvin Lee. They discussed global climate developments and the importance of turning sustainability plans into real actions for businesses.
Leaders highlighted that collaboration between government, industry, and financial institutions will be key to ensuring companies can manage risks and grow in a climate-affected world.
Source: SBF
