Early Signs that the EU Carbon Border Adjustment Mechanism is Reshaping EU–India Steel Trade
Published in Nature Climate Change
State-Owned Enterprise (SOE)-Led Low Carbon Transition in India

This paper explores strategies that NTPC could pursue to drive progressive decarbonization of its portfolio of generation assets in a commercially compelling manner, while also meeting its obligations to help ensure that India’s growing demand for electricity is fully satisfied. The paper does the following: Provides a brief overview of NTPC and its existing portfolio […]
The Dual Transition – AI x Sustainability Series: Chapter 1
Standard Chartered Bank, Temasek (Ecosperity), Singapore Green Finance Centre
Assessment on State-Owned Enterprise (SOE) Driving Energy Transition in Indonesia

This study aims to compare the financial implications for PLN of pursuing the ARED Scenario versus the RE Base Scenario, and to estimate how much, if any, financing support might be required—through concessional instruments, grants, or other financing mechanisms—to enable the realisation of the ARED Scenario outlined in PLN’s RUPTL 2025–2034. The analysis is limited […]
Biodiversity Impact of a Global Portfolio, Strategies and Insights

Executive Summary This white paper demonstrates how biodiversity impact assessment can be applied at the portfolio level and why it is relevant for financial institutions. For this white paper, biodiversity impact refers to the measurable pressure that a company’s activities and value chain place on ecosystems, quantified as the loss or degradation of species, habitats, […]
White Paper: The Singapore Manufacturing Sector and Biodiversity

Executive Summary Southeast Asia is one of the world’s most biodiverse regions, yet it is experiencing some of the highest rates of biodiversity loss globally. This decline poses not only ecological risks but also significant economic and social challenges, particularly for countries such as Singapore whose growth depends heavily on manufacturing and global value chains. […]
White Paper: The Singapore Electricity Sector and Biodiversity

Executive Summary This white paper demonstrates how biodiversity impact assessment can be applied to a national electricity sector. In Singapore, electricity generation relies on 95% on natural gas imports and combustion. In our analysis, we show how considering biodiversity impacts is relevant for policymakers and regulators in Singapore. For this analysis, biodiversity impact refers to […]
When the Shoe Doesn’t Fit: Limits and Lessons from Biodiversity Footprinting

Executive Summary Nature risk is emerging as a concern for the financial industry, yet the quest for robust monitoring metrics remains a labyrinthine process. Financial institutions are increasingly aware of their dual relationship with biodiversity—both as dependents on ecosystem services and as contributors to biodiversity loss through their financing activities, yet despite growing guidance from […]
2025 Carbon Market White Paper

Executive Summary Amidst the global call to mitigate climate change and reduce carbon emissions, numerous countries have established mature and viable carbon emissions trading systems. As carbon markets evolve, policy differences between nations increasingly impact businesses and individuals. Especially under the influence of carbon border adjustments (CBAM), a growing number of emerging economies are also […]
Valuing Biodiversity Impacts in E-Commerce Evidence From a Nature-Accounting Workflow

Organisations face mounting pressure to account for biodiversity loss, yet operational firm-level approaches remain limited. This study develops a nature-accounting workflow pairing the Impact-Weighted Accounts Framework with Global Impact Database Biodiversity Impact Data to quantify an e-commerce platform’s footprint. Revenues are mapped to input–output sectors and impacts monetised across five pathways (air pollution, climate change, […]