To understand how Singapore values sustainability, consider how it has managed its water supply. With no resources of its own, the city suffered severe water shortages in the past. But now it produces much of its own water through desalination and by treating used water. Its water industry pumps S$2.5 billion a year into the economy.1
Singapore has long integrated sustainability into its economic planning and activities. And now it sees economic growth through green industries and more sustainable use of resources as essential to its long-term economic development.2
From developing ‘super low energy’ buildings and green housing estates to imposing a carbon tax, Singapore is stepping up efforts to reduce its carbon footprint and mitigate the impacts of climate change. And businesses, like other sectors of the economy, are expected to do their part. But they can also gain by capturing value for their organisations.
Here’s what businesses can expect from Singapore’s drive to become more sustainable.