firsttime
Edition 2026 · Padang & Co

Southeast Asia's
Green Economy is no longer
a sustainability question.

It's an industrial strategy. A US$300 billion annual opportunity by 2030 — built by 1,089 startups, scale-ups and SMEs across six countries and seven sectors, mapped here for the third year running.

Countries covered

SG

ID

MY

TH

VN

PH

Sectors

7 thematic clusters

Companies mapped

1,089

Edition

3rd · 2026

1,089

Startups, scale-ups & SMEs mapped

Across SEA-6 by primary industry classification

US$300B

Annual green economy opportunity

Bain & Co / GenZero / Temasek by 2030

54%

Of regional emissions from FALU

Food, agriculture & land use — biggest lever

US$200B+

Annual climate investment needed

Beyond reach of traditional finance

Executive summary

The region has the solutions. What it needs is the ability to scale, integrate, and finance them.

Across Southeast Asia, the green economy is no longer limited by technology. The bottlenecks now lie in infrastructure, coordination, data, permitting, and finance. Among the startups and SMEs mapped in this Landscape, a clear role emerges: they form the integration layer of the transition — digitising and optimising processes, bridging data gaps, solving last-mile problems, and de-risking capital. They are the connective tissue of the green economy.

Five emerging shifts

A region at a critical juncture.

Southeast Asia contributes ~7% of global emissions today, but they're still rising. Five interconnected shifts will determine whether the region builds the next engines of competitiveness — or gets left out of the global green-trade reset.

SHIFT 01

Reduction → regeneration

Beyond doing less harm.

Regenerative agriculture, circular materials, low-carbon manufacturing, green buildings, and nature-positive development demonstrate that mitigation and economic growth can reinforce each other.

SHIFT 02

Siloed → systems

Decarbonisation as integration.

The region is aligning policy, infrastructure, grids, finance, and technology across borders — multilateral power trade, cross-country carbon market frameworks. System-level coordination is essential.

SHIFT 03

Targets → capacity

From ambition to delivery.

ASEAN's APAEC 2026-2030 targets (45% renewables in power capacity, 40% energy-intensity reduction) are strong signals. But goals alone do not build capacity.

SHIFT 04

Voluntary → mandatory

Compliance is the new tax.

CBAM 2026, EUDR, CORSIA, and ISSB-aligned disclosures now determine market access, cost of capital, and export positioning. Companies investing early in traceability and digital MRV will have advantage.

SHIFT 05

Scarcity → blended capital

Closing the bankability gap.

With US$200B+ per year in climate investment needs, the region cannot rely on traditional financing. Blended facilities, sovereign green funds, transition credits and private instruments are closing the gap.

Country explorer

Different starting points. Same structural opportunity.

Six countries. One shared transition story. Click a country on the map or in the tabs, then drill in for the full deep-dive.

Companies by country

SEA-6 · 1,089 total

Singapore

The region's diversified hub

494

Startups

45%

Of SEA-6

2050

Net-zero target

Singapore hosts 494 startups — 45% of all SEA-6 — and over half of the region's Built Environment and Climate Markets & Enablers ecosystems. The region's digital and climate operating system.

Philippines

Energy-led ecosystem

68

Startups

6%

Of SEA-6

2030

Net-zero target

68 startups — the smallest count, but the only country where Energy Transition is the top sector. Solar PV is the standout activity in one of the world's most climate-exposed nations.

Vietnam

Most agri-centric in SEA-6

80

Startups

7%

Of SEA-6

2050

Net-zero target

80 startups, with 38% in Nature, Agriculture & Food. PDP8 reorients the power mix toward renewables, LNG and offshore wind, while a US$15.5B JETP underwrites the coal transition.

Thailand

Industrial & agrifood-oriented

109

Startups

10%

Of SEA-6

2065

Net-zero target

109 startups with notable strength in Industrial Decarbonisation. The Bio-Circular-Green (BCG) model, T-VER carbon program, and 30@30 EV manufacturing target define the transition pathway.

Malaysia

Balanced, mid-sized ecosystem

163

Startups

15%

Of SEA-6

2050

Net-zero target

63 startups spread relatively evenly across sectors. NEP, NETR, and MyRER frameworks plus the JS-SEZ are creating a data-centre and green-industrial pipeline anchored by Johor and Penang.

Indonesia

The systems giant

175

Startups

16%

Of SEA-6

2060

Net-zero target

Southeast Asia's largest economy with abundant renewables, vast forests, and the FOLU Net Sink 2030 agenda. 175 startups mirror the structure of the real economy.

Sector profiles

Seven sectors. One systems opportunity.

Sectors don't advance in parallel — they advance in relationship. Pick a sector to see the headline activities, and then click through for the complete profile.

262 startups · 24% of all mapped

Nature, Agriculture & Food

"The region's largest mitigation lever — and the foundation of resilience."

Offers Southeast Asia its fastest, highest-impact emissions reductions. A small share of forests, rice systems, and fertiliser-intensive farms drive most land-use emissions, so targeted interventions yield outsized benefits.

262

Companies

180

Top activity

54%

From FALU

Inside the full sector profile
  • 5 detailed opportunity areas with concrete innovation directions
  • Country distribution + which markets lead
  • AI-enabled sub-opportunities specific to this sector
  • Featured startups operating in the space
  • Cross-references to related country profiles
202 startups · grid readiness sets the ceiling

Energy Transition

"The system bottleneck — and the system catalyst."

Energy demand is soaring, but renewables cannot scale without stronger, smarter, more connected grids. The biggest gains now come from grid upgrades, storage, distributed energy, PPAs, and regional power trade.

202

Companies

133

solar pv

89

in singapore

Inside the full sector profile
  • 5 detailed opportunity areas with concrete innovation directions
  • Country distribution + which markets lead
  • AI-enabled sub-opportunities specific to this sector
  • Featured startups operating in the space
  • Cross-references to related country profiles
170 startups · Singapore hosts 90 (53%)

Climate Markets & Enablers

"The 'operating system' of the green economy."

Regulation is forcing companies to measure, verify, and report emissions with precision. MRV systems, carbon markets, ESG automation, and transition finance platforms are becoming the region's core climate infrastructure.

170

Companies

90

in singapore

61

env.
monitoring

Inside the full sector profile
  • 5 detailed opportunity areas with concrete innovation directions
  • Country distribution + which markets lead
  • AI-enabled sub-opportunities specific to this sector
  • Featured startups operating in the space
  • Cross-references to related country profiles
142 startups · most of 2030 stock already built (53%)

Built Environment

"Where climate risk meets daily life."

Buildings face rising heat, water stress, and flood risk. The priority is rapid retrofits: efficient cooling, water reuse, smart operations, and nature-based flood protection.

142

Companies

78

in singapore

42

Water sub-
sector

Inside the full sector profile
  • 5 detailed opportunity areas with concrete innovation directions
  • Country distribution + which markets lead
  • AI-enabled sub-opportunities specific to this sector
  • Featured startups operating in the space
  • Cross-references to related country profiles
131 startups · Indonesia over-indexes

Transportation & Logistics

"A redesign challenge, not just a vehicle challenge."

Transport emissions stem from system inefficiencies more than engine types. Electrification is accelerating — especially for two- and three-wheelers — but the larger opportunity lies in smarter routing, fleet optimisation, port logistics, and cold chain efficiency.

131

Companies

96

Personal vehicle

29

In Indonesia

Inside the full sector profile
  • 5 detailed opportunity areas with concrete innovation directions
  • Country distribution + which markets lead
  • AI-enabled sub-opportunities specific to this sector
  • Featured startups operating in the space
  • Cross-references to related country profiles
68 startups · CBAM 2026 forces the issue

Industrial Decarbonisation

"Small sector, huge global stakes."

Industry faces the strongest pressure from EU's CBAM and tightening supply chain requirements. Transforming industrial ecosystems is essential to protecting export competitiveness — through low-carbon materials, electrified heat, CCUS hubs, and data-driven optimisation.

68

Companies

Thailand

Over-indexes

CBAM 2026

Forcing
function

Inside the full sector profile
  • 5 detailed opportunity areas with concrete innovation directions
  • Country distribution + which markets lead
  • AI-enabled sub-opportunities specific to this sector
  • Featured startups operating in the space
  • Cross-references to related country profiles
114 startups · EPR opens new markets

Circular Economy & Waste

"Turning system inefficiencies into value."

Low recycling rates and infrastructure gaps waste valuable resources, but new EPR and plastics policies are opening markets. High-value opportunities lie in advanced recycling, organic waste valorisation, circular manufacturing, and digital tracking.

114

Companies

Recycling

Top activity

EPR

Driving
growth

Inside the full sector profile
  • 5 detailed opportunity areas with concrete innovation directions
  • Country distribution + which markets lead
  • AI-enabled sub-opportunities specific to this sector
  • Featured startups operating in the space
  • Cross-references to related country profiles
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