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Potential Carbon and Cost Savings for Singapore
The objective is to evaluate the cost and carbon savings achieved through the implemented eco-solution and project these
savings across all comparable SMEs within the sector in Singapore. Lynk has registered itself in the Accounting and Corporate
Regulatory Authority (ACRA) under the business category of Wholesale of Cosmetics and Toiletries. And under ACRA, there are
a total of 100 such companies in Singapore as of December 2024.

Taking into consideration Eco solutions 1 and 2 implemented by Lynk, it has achieved a total annual carbon emission savings of
32.58kg. In terms of cost, Lynk has achieved a total yearly savings of SGD$2,537.65. Using such numbers and extrapolating them
to the number of such companies in Singapore, if each company were to implement some form of eco solutions, the Wholesale
Cosmetics and Toiletries industry in Singapore as a whole would cut down approximately 3.2 tonnes of carbon emissions and
achieve an approximate savings of SGD$250,000 annually.

The wholesale Cosmetics and Toiletries market in Singapore is a dynamic and competitive industry, projected to reach revenues
of approximately $196.50 million by the end of 2024, according to www.statista.com.

Figure 11: Projected Cosmetic Revenue Growth in Singapore

Given the scale and economic impact of this sector, implementing eco-solutions that result in cost savings of $250,000 or more
is highly significant. Such savings not only enhance the financial sustainability of businesses but also contribute to broader
environmental goals, reinforcing the industry's commitment to responsible practices. By adopting eco-friendly measures,
companies in Singapore can reduce their carbon footprint, improve operational efficiency, and gain a competitive edge in
the market. This proactive approach not only benefits individual businesses but also sets a precedent for the entire sector,
promoting a more sustainable and economically viable future.

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