The Sustainable Business Awards, since its inception in 2012, has played an important role in encouraging and amplifying the positive impact organisations have made on the environment.
Organised by Global Initiatives and PwC, the 4th edition of the Awards saw the highest number of newcomers submitting entries. Climate Change was also added as one of the 12 assessment categories in the awards framework where companies were assessed on their climate change policy and external communication.
The winners this year have made significant progress in climate action:
- Singtel conducted a formal climate adaptation and resilience study, and a lifecycle analysis to identify vulnerabilities and risks across their entire operations. Using a science-based approach, they have set the target of reducing their carbon emissions intensity by 30 per cent by 2020 and 50 per cent by 2030 from the 2015 baseline. Singtel is also enhancing climate-related financial and risk information, guided by the climate risk reporting framework recommended by the Task Force on Climate-related Financial Disclosures.
- Kimberly-Clark is on track to meet their target of zero waste to landfill by 2022. They are working with partners to further improve their waste disposal options.For example, they recently worked with Ngee Ann Polytechnic to use wet wipe trimming waste in place of the saw dust that is used in the disposal of medical and hazardous waste.
- Keppel Corporation has identified eight SDGs it can make the greatest impact in. Under SDG 11 on Sustainable Cities and Communities, for instance, all completed commercial buildings under Keppel Land have achieved BCA Green Mark GoldPLUS standard, and Keppel Infrastructure’s waste to energy technology is helping to divert as much as 90 per cent of waste from landfill. Under SDG 13 on Climate Action, Keppel Corporation has set a target of achieving a 16 per cent improvement in carbon emissions from 2020 business-as-usual levels. As one of the largest Singaporean conglomerates, these measures will have an immense impact on the UN SDGs in Singapore.
- The Bliss Group, a small social enterprise, works with disadvantaged members of society, including ex-convicts and people with disabilities, to train them to work in catering. The Bliss Group also operates in a sustainable manner by supporting local farmers and reducing food waste.
Full list of winners can be found here.
Read Minister Masagos Zulkilfli’s speech here.