Singapore launched a national movement called Green 100 to encourage small and medium-sized enterprises (SMEs) to adopt green measures. The initiative aims to shift the mindset that sustainability is a cost, and instead, highlight its importance for business success in a climate-impaired world.
Singapore launched a national movement called Green 100 to encourage small and medium-sized enterprises (SMEs) to adopt green measures. The initiative aims to shift the mindset that sustainability is a cost, and instead, highlight its importance for business success in a climate-impaired world.
The movement, launched during the Singapore Climate Transition Forum, involves large enterprises, known as 'Queen Bees', leading the way for SMEs along their supply chains and business networks towards sustainability reporting. Large enterprises are uniquely positioned to support the sustainability ecosystem by strengthening supplier capabilities, aggregating demand for greener products and services, and creating incentives for transition across their network. The Green 100 framework, launched by Enterprise Singapore, provides a technical reference for organizations to progress towards environmental sustainability.
The program aims to help large businesses work more closely with SMEs along their value chain on sustainability efforts. It will also support SMEs in becoming more environmentally competitive and resilient, while speeding up the adoption of the TR framework across the wider business ecosystem.
To drive Green 100, the Council for a Competitive Climate Transition (C3T) will partner with Gprnt, a digital platform by the Monetary Authority of Singapore, and the Singapore Environment Council to provide SMEs with a simplified pathway. SMEs can sign up on the Green 100 website or respond to email invitations from participating large enterprises. They will then be directed to Gprnt to complete a simplified disclosure for free, with the process taking around 10 minutes for most SMEs.
The Green 100 badge comes with a unique digital identifier to support third-party verification and give SMEs access to opportunities. They will also be listed on the Green 100 supplier registry, boosting their visibility among buyers seeking sustainability-ready suppliers. These SMEs will also have access to the Green 100 network, which will share alerts on green procurement tenders and sustainable financing opportunities.
As of Thursday, 22 large corporates have signed up for Green 100, including Bank of China, Carousell, Keppel, Mandai, Maybank, OCBC, Resorts World Sentosa, SMRT, and Singapore Polytechnic. A total of 33 SMEs, ranging from construction contractors to laundry service providers, have also signed up. These include Kimly Construction, Orchid Laundry, Samwoh Corporation, California Laundry, and SFS Logistics. Future phases of Green 100 will help companies progress towards the higher levels detailed in the TR framework.
Green 100 Sustainability Smes Singapore Climate Transition Business Environment Green Badge Supply Chain Procurement Financing Green Framework Enterprise Singapore C3T Gprnt Singapore Environment Council
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