Energy investment set to rise at 94% of Singapore businesses: Schneider report
Of these, 38% expect sustainability expenditure to go up by more than 20%
A new report by Schneider Electric reveals that 94% of Singapore businesses plan to increase their sustainability expenditure over the next year, despite heightened uncertainty and price volatility. Nearly two-thirds of the 513 surveyed respondents expect to boost their investments by up to 20%, while 38% foresee an increase of more than 20%.
This surge in energy investment comes as businesses recalibrate their energy strategies and prioritize energy resilience. The findings, based on surveys of professionals working at Singapore Exchange-listed companies across 14 industries in May 2026, highlight the importance of energy in business operations and the need for greater efficiency and resilience.
Concern about future energy risks remains high, with 97% of organisations expressing worry about their resilience amidst a potential deepening energy crisis. Financial services, public sector, and technology and telecommunications sectors are most likely to focus on both resilience and transition, while real estate, healthcare, and professional services prioritize resilience over transition.
Despite these differences, 89% of respondents are committed to achieving net zero for their own operations by 2030 or earlier.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
