Asia's Carbon Markets Strategic Imperatives for Corporations 2025

Establish MRV data infrastructure FIGURE 10 Notes: BU = business unit, PMO = project management office. Source: Bain & Company analysis.Group level BU emissions BU granular dataCarbon accounting verification Verification 6Periodic verification of data sources and conversion factors to align with standards. Utility bills (all sites) Potentially reduced by renewable energy onsite generationScope 2 data acquisition2Application programming interfaces to pull energy data from utility providers. Fuel consumption Fleet mgmt. system, fuel card dataOther activity dataScope 1 data acquisition1Automation helpful if there are material scope 1 emissions.Carbon accounting aggregation for group BU 2 BU1 BU 3Aggr egation to group level5Centralized roll-up across business units (BU), aggregating tracking functionalities required to obtain group level view. Carbon programme mgmt. (incl. carbon market compliance) Oversee BU carbon accounting process to link progress to specific initiativesTranslate to initiatives4To be tracked, monitored and managed by PMO role. Carbon accounting software & service Conversion factors & measurement approachBU carbon accounting13Software tool that performs calculations once measurement approach is established (implementation).Carbon emissions MRV process and tech stackRoadmap step #2: Baseline and data infrastructure A solid emissions baseline, underpinned by an MRV system, anchors strategic decarbonization. Regulatory standards and international guidelines ensure consistent, auditable emissions inventories. An efficient MRV system, integrating top-down and bottom-up data flows, allows for robust emissions analysis, progress tracking and disciplined execution (see Figure 10). Leveraging technologies, especially artificial intelligence for scope 1 and scope 2, proactively identifies risks, refines action plans and fosters continuous improvement beyond compliance. Asia’s Carbon Markets: Strategic Imperatives for Corporations 27