On 4 August 2023, Rajah & Tann Asia organised a seminar titled “Cooperating on Sustainable Projects – Competition Law Implications with New Environmental Sustainability Guidelines in Singapore”.
Amidst the existential threat of climate change, Singapore has embarked on a whole-of-nation effort to achieve Singapore’s climate pledge under the Paris Agreement. In recognising that businesses also have a role in contributing to these climate change goals, the Competition and Consumer Commission of Singapore (CCCS) has released draft guidelines for public consultation on how businesses can collaborate to pursue environmental sustainability objectives in a manner that complies with competition laws.
At the seminar, Kala Anandarajah, BBM, Partner of Rajah & Tann’s Sustainability Practice and Head of the Competition & Antitrust and Trade Practice, together with Joshua Seet from the Competition & Antitrust and Trade Practice discussed the draft guidelines and highlighted what these mean for businesses, especially as they collaborate with competitors to establish green industry standards, phase out unsustainable products and explore joint research and development (R&D), production, or procurement arrangements.
