Some 3 in 5 SMEs believe sustainability is key to business growth: survey

Singapore

ABOUT 60 per cent of small and medium-sized enterprises (SMEs) in Singapore believe in the importance of incorporating sustainable practices in their businesses, according to the UOB SME Outlook Study 2022.

The top motivations for adopting sustainable practices were to improve the company's reputation, cited by 54 per cent of all respondents; to make it easier to work with multinational corporations which care about sustainability goals, cited by 45 per cent; and to help build an environmentally- and socially-responsible Singapore, cited by 44 per cent.