SMEs need to strategise on sustainability to stay competitive: Grace Fu

SINGAPORE’S small and medium-sized enterprises (SMEs) need to strategise on sustainability efforts to stay competitive internationally, said Minister for Sustainability and the Environment Grace Fu at an industry dialogue on Tuesday (Mar 12).

“If you are a supplier to large companies, if you have a regional or international ambition, then obviously you need to think about (sustainability) because the international global regulatory environment is heading there,” said Fu.

“You are either left behind, not being able to support your customers, or you can be really out there; be one of those first few that have experience… The more you warm up, the more you practise, (the more) you are ready when the big race is there,” she added.