Small and medium-sized enterprises (SMEs) are the backbone of Singapore’s economy, comprising 99% of all enterprises and employing more than 70% of the workforce. SMEs are crucial players in Singapore’s national efforts to reach net-zero emissions by 2050. Yet, they may not be well understood or well served, as most existing decarbonisation initiatives focus on larger enterprises.

To better understand SMEs’ progress on their decarbonisation journeys, identify the barriers they face, and determine what needs to be done to accelerate their efforts, the Singapore Business Federation (SBF) and Bain & Company have conducted this large-scale survey, which is the first of its kind focusing specifically on Singapore’s SMEs.

About the Singapore Business Federation

As the apex business chamber, the Singapore Business Federation (SBF) champions the interests of the business community in Singapore in trade, investment and industrial relations. Nationally, SBF acts as the bridge between the government and businesses in Singapore to create a conducive business environment. Internationally, SBF represents the business community in bilateral, regional and multilateral fora for the purpose of trade expansion and business networking. For more information, please visit: www.sbf.org.sg