SMEs can start small, tap available grants when adopting sustainable practices

SINGAPORE’S small and medium-sized enterprises (SMEs) can tap available “low-hanging fruit” to ease their transition to more sustainable practices, said Minister for Trade and Industry Gan Kim Yong.

For instance, SMEs can look into installing energy efficient appliances in the face of high energy prices, which reduces business costs but also contributes to the Republic’s sustainability efforts, he said.

He was speaking alongside OCBC’s head of global commercial banking Linus Goh at The Business Times (BT) Sustainability Dialogue 2023 on Friday (May 5).