SINGAPORE - Singapore companies will get more help in adopting clean energy technologies under a sustainability initiative launched on Oct 10.
A report will also be published in 2025 by the alliance and Greenprint – an environmental, social and governance reporting platform – to help trade associations, government agencies and solution providers to engage businesses better on adopting green practices. Mr Mark Lee, SCCCI’s chairman of the youth business and sustainability committee, said: “Trade associations play a pivotal role in this area, as your close engagement with member companies gives you unique insights into the challenges they may encounter on their sustainability journey.”
The annual business survey by SCCCI in 2024 found that 63 per cent of respondents said that sustainability is important to their business and that adopting such practices gives them a competitive advantage.According to the survey, their top three sustainability challenges were the high costs associated with sustainable practices, a more immediate concern with business survival, and a lack of resources.
Dr Koh also announced that the alliance will partner Greenprint, the digital platform launched by the Monetary Authority of Singapore, to help SMEs automatically generate their sustainability disclosures by calculating their emissions.
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