SMEs' Adoption of Sustainability Practices
Ministry of Trade and IndustrySpeakers
Summary
This question concerns the extent of SMEs adopting sustainability practices and the support provided through sector-based frameworks and pre-identified solutions. Ms Foo Mee Har inquired about these growth plans, and Minister for Trade and Industry Gan Kim Yong reported that over 300 SMEs have joined awareness programmes since October 2021. He highlighted sector-specific initiatives, such as the Textile and Fashion Federation's environmental study and toolkits, and sustainability solutions within the Food Services Industry Transformation Map. Financial aid includes the Enterprise Financing Scheme-Green and energy efficiency grants for the food services, retail, and manufacturing sectors. These policies assist SMEs in adopting green technologies and managing business costs while transitioning toward a competitive, low-carbon future.
Transcript
26 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.
Mr Gan Kim Yong: 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 over 40 sustainability-related projects have been supported by Enterprise Singapore. 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.