POSTED 2 Sep 2019 - 11:06

How may businesses in Singapore reduce their carbon footprint and help mitigate climate change?

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What kind of role can they play?
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Top Response

J Heinrich Jessen, Chairman, Jebsen & Jessen Pte Ltd

We have been carbon-neutral since 2011. We achieved this by investing into footprint-reducing processes and then purchasing credits to offset the remaining emissions. But when it comes to sustainability, it is not rewarding to be ''the first'' or ''the only''. To make carbon neutrality a...

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Sunny Verghese, Chief Executive Officer, Olam International and Chair, World Business Council for Sustainable Development
2 Sep 2019 - 11:16

At Olam, we have a direct interest in tackling anything that could impact the future of agriculture. But such complex challenges, like climate change, are impossible for any organisation to solve alone. As Chair of the World Business Council For Sustainable Development (WBCSD), I see the benefit of joining with other companies from many other sectors to understand how best to deliver impactful change across multiple inter-dependent areas. So I urge Singaporean business leaders, large and small, to understand how and where your product and services benefit or contribute to climate change, reach out to like-minded organisations for support, and help us reimagine our future.

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Craig Ellis, Chief Executive Officer, MSIG Insurance (Singapore)
2 Sep 2019 - 11:16

With the threat of climate change growing every day, businesses will need to take a proactive stance to integrate sustainability into their business operations and long-term growth plans. For insurers, this includes embracing digitalisation and innovation to streamline processes and reduce their carbon footprint and incorporate ''green elements'' into their product offerings.

There are many environmental issues that we need to tackle, and businesses can choose to contribute towards a cause that ties in closely with their corporate mission. At MSIG, we believe biodiversity conservation is an important link to tackling climate change. To raise public consciousness on the importance of biodiversity, we have recently launched the MSIG Biodiversity Trail. Set within Singapore Botanic Gardens, this interactive and educational trail aims to inspire more people to take actions to care for the environment.

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Jason Hammond, Chief Executive Officer, QBE Asia
2 Sep 2019 - 11:15

Businesses are taking significant steps to reduce their climate impact. QBE is carbon-neutral and has set targets to reduce carbon emissions across our global operations. We have joined some of the world's most influential companies in the RE100 initiative, committing to source 100 per cent renewable electricity for our operations by 2025 and to support the transition to a low-carbon economy.

We have committed to phase out all direct insurance services for thermal coal customers by 2030, at the latest. We have zero direct investments in the thermal coal industry, while maintaining a margin of up to 0.5 per cent of total funds under management through indirect investments.

Through our Premiums4Good programme, we also offer customers the option to invest part of their premiums in securities that deliver positive social and environmental outcomes and have a goal to grow this investment to US$1billion by 2021.

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Thomas Holenia, President, Henkel Singapore
2 Sep 2019 - 11:15

With energy and climate as one of six focal areas of Henkel's sustainability strategy, our long-term vision is to become a climate-positive company. With the support of our employees who act as Sustainability Ambassadors and in collaboration with various organisations, Henkel Singapore has implemented more than 13 climate actions since 2016. These are categorised under three areas: sharing sustainability knowledge with children through our school project; acting sustainably at our sites; and engaging in corporate volunteering.

Additionally, with sustainability as an integral part of Henkel's sourcing activities, our Global Supply Chain Hub in Singapore, in collaboration with our Global Supply Chain Headquarters in Amsterdam, has qualified all our strategic global and regional suppliers in Asia-Pacific under the Together for Sustainability initiative. With sustainability as a universal challenge, we believe it is essential for companies to play active roles in promoting collaboration and dialogue with all stakeholders along the entire value-chain.

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Frankie Chia, Managing Partner, BDO LLP
2 Sep 2019 - 11:15

In Budget 2017, the government took firm steps towards addressing climate change by introducing a carbon tax for businesses. While the tax is intended to deter and reduce carbon emissions, we need to avoid the situation of businesses simply passing on the carbon tax to their customers as an added cost of business while blaming the government for the increased cost. To address the real problem of climate change, businesses need to seriously reflect on their business processes and resource use to identify elements that contribute to negative climate change. Small measures such as reducing the use of single-use plastics; paperless workflow; using energy-efficient equipment at the workplace, are simple practices which should be implemented as a start.

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Seah Kian Peng, CEO, NTUC FairPrice
2 Sep 2019 - 11:14

Companies must proactively reduce their carbon footprint by embracing innovative solutions or making changes in operations and processes. Regardless of the approach, every action will have a positive impact. At NTUC FairPrice, sustainability is a key pillar of our CSR framework and consideration in our operations. Beyond adopting eco-friendly initiatives, FairPrice also advocates community involvement and collaboration with strategic partners such as Building and Construction Authority. In fact, many of our stores are Green Mark certified.

Our Plastic Bag Reduction Programme and Food Waste Framework have also significantly raised public awareness and reduced wastage. We also carry biodegradable products and encourage packaging using recycled materials or from sustainable sources. The sustainability journey is an ongoing one and we will continue to improve our processes and together with our community, make a positive impact to our environment. Let us all play our part.

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Wee Siew Kim, Group CEO, NIPSEA Group
2 Sep 2019 - 11:14

In light of growing consciousness on the harmful effects of climate change, businesses must recognise that business needs can be balanced with that of the environment to ensure resource efficiency, economic viability and social impact. Nippon Paint is committed to the quality of its products, and with that lies an inherent need of a balanced and collaborative approach to going green. We introduced new technologies to develop ''green'' coatings and are in the process of upgrading existing production plants to keep on par with existing environmental standards, and also improve the environmental sustainability of our offerings. Consistent action to mitigate climate change would protect businesses against unravelling past progress and achieve future growth.

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Derek Wang, General Manager, Alibaba Cloud Singapore
2 Sep 2019 - 11:13

Digital transformation is underpinned by electrical power, and as businesses in Singapore continue to digitalise, it is crucial for technology to serve as a powerful engine to unlock sustainable solutions and environmental outcomes. For Alibaba Cloud, this means improving energy efficiency around data centre operations - an area known for its heavy usage of electrical power, accounting for nine per cent of Singapore's total electricity demand in 2015. Many of our data centres in China adopt alternative cooling systems, supported by renewable energy. We have brought our expertise in green data centres to Singapore through partnerships with local universities and researchers to develop locally adaptable use cases which will help reduce the carbon footprints of data centres here.

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