What Is The Sustainable Aviation Fuel (SAF) Credits And How Singapore Businesses Can Play Their Part In Supporting The Environment
Overseas travel has once again become the buzzword in 2022 as more countries move towards living with the pandemic by restoring more international flight routes. Locally, Singapore too opened its borders to all fully vaccinated travellers from 1 April 2022 and in that short space of time, passenger traffic levels reached 1.93 million. Given the strong […]
Coping With Rising Business Costs: What Firms Want For Singapore Budget 2023
Singapore businesses this year will have to tackle various challenges amid an uneven economic growth environment. Softer demand, higher imported inflation, Goods and Services Tax (GST) changes and high labour costs are some of the issues businesses will manage. With the Singapore Budget around the corner (Feb 14), business chambers and auditing firms have submitted […]
How Dyna-Mac, An SGX-Listed Company Used OCBC’s Sustainability Linked Loan To Reduce Its Carbon Emission Intensity
In the recent climate change conference (COP27) at Egypt, Minister for Sustainability and Environment Grace Fu reaffirmed the country’s climate commitments to keep the 1.50 degrees Celsius goal within reach. This includes strengthening its long-term plans to achieve net zero carbon emissions by 2050 and reduce emissions to 60 million tonnes of carbon dioxide equivalent […]
ESG Food Delivery Booster Package: Subsidies For F&B Stalls To Use Food Delivery Platforms And Logistics Partners
COVID-19 has very likely accelerated consumer demand for food delivery. Today, majority of food and beverage (F&B) establishments have either been onboarded to food delivery platforms and/or are using third-party delivery services. While this provides a new revenue source, this has also led to restaurants and hawkers having to manage new cost areas – commission […]
Financial Benefits For SMEs To Take A Green and Sustainability-Linked Loan
On 24 November 2020, the Monetary Authority of Singapore (MAS) announced the Green and Sustainability-Linked Loan Grant Scheme (GSLS). As a first-of-its-kind globally, the GSLS is part of MAS’ Green Finance Action Plan to position Singapore as a leading centre for green finance regionally and globally. This scheme came into effect from 1 January 2021. This […]
5 Eco-Friendly Packaging Suppliers That F&B Owners Can Purchase From To Build A More Sustainable Business
According to NEA, packaging waste makes up about 1/3 of domestic waste disposed of in Singapore, amounting to more than 0.5 million tonnes in 2018. With a heavy reliance on packaging, and the growing trend of food delivery services, drastically eradicating packaging waste will be a difficult task for many F&B business owners. To play your part […]
5 Ways Companies Can Go Green (And Be Part Of The Singapore Green Plan 2030)
Singapore has been an active player in the fight against climate change. In efforts to build a more sustainable home for future generations, the Singapore government has put together a 10-year plan – the Singapore Green Plan 2030. While going green can seem like an added cost area for businesses, we cannot put a price tag […]