Debated in Parliament on 1 Aug 2022.
Ms Foo Mee Har asked the Minister for Trade and Industry (a) what is the extent of SMEs in Singapore adopting sustainability practices and initiatives as part of their growth plans; and (b) how are they supported with sector-based frameworks and pre-identified solutions to fast track adoption.
As announced under the Singapore Green Plan 2030, we are helping businesses to harness sustainability as a competitive advantage. We are encouraged that SMEs in Singapore are taking steps to do so. Since the launch of the Enterprise Sustainability Programme in October 2021, over 300 local SMEs have participated in awareness and education programmes, and . Examples include the adoption of sustainability-related standards, the development of new sustainable products, as well as financing for sustainability solutions under the Enterprise Financing Scheme Green, or EFS-Green.
As each sector’s approach to sustainability varies, MTI supports and works closely with trade associations and chambers to identify their needs and develop capability-building programmes for their respective industries. An example is the Textile and Fashion Federation (TaFF). As part of its Fashion Sustainability Programme, TaFF recently conducted its first-ever sector environmental impact study of Singapore’s fashion industry. Following that, it will go on to develop sustainability toolkits for enterprises, as well as introduce sustainability talent capability development programmes and support businesses in developing possible solutions to seize green opportunities.
Separately, under the Food Services Industry Transformation Map 2025, Enterprise Singapore is working with companies to build their awareness of food sustainability, and encourage their adoption of solutions in sustainable packaging and food waste management.
We are also taking steps to help SMEs adopt sustainability solutions. For instance, we recently announced the Energy Efficiency Grant for local SMEs in the food services, food manufacturing, and retail sectors, to help them adopt energy-efficient equipment in pre-approved categories. National Environment Agency (NEA) also has an Energy Efficiency Fund that supports SMEs in the manufacturing sector to adopt energy-efficient technologies. These schemes support SMEs in their efforts to go green and manage rising business costs.
The Government will continue to work closely with businesses and key stakeholders to support them in their sustainability journey and help them adapt to a low-carbon future. Together, we can help Singapore remain competitive and seize new growth opportunities.
PAPERCUTS