Page 13 - Towards A Sustainable Future 2024

join Singapore’s thriving green economy. Working with SME The following sections include the ESI team reports of the
management and employees to understand the business environmental reviews conducted for each of the twenty
operation, and designing and implementing scientific SMEs involved in Phase 2 of the project. .
experiments to improve the company’s environmental
performance to cut carbon emissions whilst lowering
business costs, gave students a positive learning outcome.
By empowering students with the knowledge and skills
needed to conduct an environmental review at an SME and
learn about the connection between business operations
and environmental performance, they gained a real-world
understanding of their studies.

We are grateful, yet again, for such a positive outcome
and acknowledge, with gratitude, the role of the 20 SME
companies that participated in Phase 2 of the project.
Altogether, there are about 220,000 SME companies in
Singapore. If the Triple-Win Formula were implemented, this
would significantly reduce greenhouse gas emissions at the
national level and save the SME sector above a billion dollars
a year. It is clear that by empowering and inspiring our youth,
then we can apply the Triple-Win Formula to help the nation
in its journey to reach a net-zero, low-carbon economy.

We thank HSBC for their kind and continued funding for the
“Towards a Sustainable Future: In Support of the Singapore
Green Plan 2030” project. Our thanks also go to Mr Wong Kee
Joo, Chief Executive Officer, HSBC Singapore, to Mr James
Soh, Executive Director, NYAA Council and to Professor Jeff
Obbard, NYAA Climate Change Advisor, for making the
second Phase of the project a success.

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