Despite ramped-up production, regional demand for sustainable aviation fuel has lagged. A new initiative by Temasek-owned GenZero aims to rally Asia’s top industry players to close the gap through the use of a novel class of carbon credits.
The draft of its new Corporate Net-Zero Standard proposed the separation of Scope 1 and 2 reporting and expects companies to commit to using cleaner energy by 2040. It also addressed the use of carbon credits to address residual emissions.
Ahead of mandatory reporting, nearly all small-cap issuers now disclose at least one of TCFD's 11 recommendations, a market regulator study finds. But Scope 3 emissions – still without a fixed disclosure deadline – remain a major challenge.