- Enterprise Singapore is launching decarbonisation and sustainable finance courses to provide business leaders with the knowledge and resources they need.
- Over 20 new courses will be added each year, with EnterpriseSG covering 70% of course fees for up to three participants per eligible enterprise.
- EnterpriseSG is also collaborating with three new partners to offer more ESP Foundational Courses, and create thematic and sectoral sustainability playbooks and a one-stop website.
Sustainability is no longer just a buzzword but a primary consideration for many Singapore businesses.
Achieving sustainable business practices is critical for companies to remain competitive in today’s market and to contribute to climate change mitigation.
Enterprise Singapore (EnterpriseSG) and its partners have recently launched new decarbonisation and sustainable finance courses as part of its Enterprise Sustainability Programme (ESP) to assist businesses in meeting this goal.
Understanding the Decarbonisation and Sustainable Finance Needs
Climate change is becoming a more pressing global issue, and Singapore is no exception.
Singapore has committed to reducing its emissions by 36% from 2005 levels by 2030, to meet its Paris Agreement targets.
Businesses must play a role in this by taking decisive action to decarbonise their operations and access sustainable forms of financing.
The ESP Decarbonisation and Sustainable Finance Courses are designed to provide business leaders with the knowledge and skills necessary to comprehend the complexities of decarbonisation and sustainable finance.
This includes carbon accounting, setting decarbonisation targets and plans, understanding green loans, sustainability-linked loans, and impact investments.
Benefits of the Courses
The ESP Decarbonisation and Sustainable Finance Courses are designed to help business leaders understand and navigate the complexities of decarbonisation and sustainable finance.
This includes understanding the different types of sustainable finance instruments available and how to access and use them for their business.
In addition, the courses will provide business leaders with the necessary tools and resources to embark on carbon accounting and reporting.
This will help them to understand their carbon footprint and the steps they need to take to reduce it.
Besides the new courses, EnterpriseSG is also working with three new partners to provide more ESP Foundational Courses.
This will help to equip local businesses with the knowledge and skills to develop and integrate sustainability strategies into their business models.
In the Words of Business Leaders
Mr Wilson Teo, Managing Director of TEO Garments Corp Pte Ltd, said that the ESP Foundational Course has helped provide “an overview of key sustainability topics and information on how to piece together a sustainability plan“.
Mr James Loke, Group CEO of Tru-Marine Pte Ltd, said that the ESP Foundational Course had helped to provide “a framework to approach sustainability and how sustainability can be integrated into our business strategy“.
The Way Forward
With the launch of ESP Decarbonisation and Sustainable Finance Courses, Singapore businesses can develop and strengthen their knowledge and skills in decarbonisation and sustainable finance.
This will help them to remain competitive in the green economy and, at the same time, contribute to Singapore’s goal of achieving Net Zero emissions by 2050.
The courses are now open for registration, and businesses can get more information at www.enterprisesg.gov.sg/ESP and the websites of respective course providers.
Businesses must take active steps to understand and implement sustainable practices to remain competitive in the long run. The ESP Decarbonisation and Sustainable Finance Courses provide the perfect opportunity for businesses to do just that.