Local construction companies adopt ESG registry to bolster competitiveness, secure project tenders
This comes as the industry moves to green its supply chain
[SINGAPORE] Seven local construction companies have adopted ESGpedia – a Singapore-based environmental, social and governance (ESG) registry – to strengthen their competitiveness and secure more project tenders.
On top of that, they achieved better ESG compliance, man-hour savings and enhanced data insights into greenhouse gas emissions, said ESGpedia in a Tuesday (Mar 18) press statement.
The seven companies are Expand Construction, Hi-Tek Construction, Ngai Chin Construction, Teambuild Construction Group, Kimly Construction, as well as Singapore-listed companies Soilbuild Construction Group and Wee Hur Construction of Wee Hur Holdings .
The adoption comes amid a growing movement in the industry to green its supply chain.
Additionally, the government is now taking environmental-sustainability criteria into consideration when assessing bids for large construction and information and communications technology projects.
Launched in 2022, ESGpedia is a one-stop platform providing digital solutions for companies’ ESG business needs. This includes ESG reporting, carbon accounting, data and analytics, sustainable financing, and sustainability supply chain engagement.
Some of the use cases among the seven companies include generating carbon reports or their sustainability report, ensuring compliance with local and international standards; and working with ESGpedia to launch a portal to track and monitor sub-contractors’ environmental impact, so that they can better manage emissions from the full value chain.
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