More SMEs successfully build sustainability capabilities under DBS, EnterpriseSG programme

More than 50 small and medium-sized enterprises (SMEs) spanning diverse sectors have successfully graduated from DBS' ESG Ready Programme, demonstrating their ability to develop and implement sustainability strategies in their businesses. The 12-month initiative, launched in April 2024 in partnership with Enterprise Singapore, focused on providing training, carbon assessments, and strategy development.

These businesses, which include companies in the F&B, hospitality, and manufacturing sectors, gained access to DBS' sustainable financing packages and obtained industry-recognized certifications. Senior Minister of State for Trade and Industry Low Yen Ling emphasized that businesses now recognize the importance of turning sustainability commitments into practical action.

According to Chen Ze Ling, DBS group head of corporate and SME banking, more than 160 businesses have enrolled in the programme since its inception, indicating a growing commitment among businesses to translate sustainability ambition into tangible action.

Among the graduates are Freshening Industries, a cleaning products manufacturer that reduced emissions and energy use through solar panel installation, fleet electrification, and automation enhancement. Amara Holdings, a hospitality and property development company, implemented decarbonisation initiatives across its portfolio, aiming to reduce 20,000 tonnes of carbon emissions over the next 15 years.

Since the programme's launch, a total of 73 enterprises have completed the ESG Ready Programme, with DBS projecting this number to reach 100 by the end of 2026. Low Yen Ling highlighted that while progress is being made, more assistance is needed for businesses still feeling unprepared, and the government will continue to collaborate with DBS and partners to ensure support remains practical and accessible, particularly for SMEs.