DBS, EnterpriseSG launch programme to help strengthen companies’ sustainability capacity

The programme aims to provide businesses with the knowledge they need to develop their sustainability capacity.

DBS and EnterpriseSG have initiated a programme that will “future-ready” businesses through sustainability building.

The ESG Ready Programme is an end-to-end project that “aims to help local businesses – from small and medium enterprises (SMEs) to mid-size corporations – become future-ready by building capability and capacity in sustainability.”

Its main components are foundational training, advisory and support, and preferential financing rates from DBS.

Participants will be allowed to choose between a basic or intermediate level to make sure the training they will receive is suited to their needs. They will also undergo an initial baseline assessment to determine their carbon footprint.

A panel of sustainability experts will be present to guide the participants.

Companies are expected to have formulated a clear sustainability action plan or have started to implement their decarbonisation strategy by the end of the programme. 

ALSO READ: Sustainability, biomedical startups draw investors, founder focus

EnterpriseSG will support 70% of the cost of eligible activities per company until 31 March 2026. Singapore companies will also be able to leverage DBS’ financing solutions at preferential rates. 

This initiative comes as Singapore boosts efforts to achieve a green economy.

“The transition to a low-carbon economy can be complex for smaller businesses due to constraints such as the lack of resources, time, expertise and funds. It is imperative that we provide companies with the necessary support to integrate sustainability into their business operations,” said DBS Corporate and SME Banking Group Head Koh Kar Siong.

EnterpriseSG Assistant Managing Director Geoffrey Yeo encouraged companies to tap the programme since sustainability capabilities are vital to stay competitive and relevant.