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ForexampleEnterpriseSingaporesEnergyEfficiencyGrantincentivisesSMEsinthefoodservicesfoodmanufacturingandretailsectorstoadoptenergy-efficientequipmentandprocessesQualifyingSMEscanreceiveupto70%fundingsupportforadoptingpreapprovedenergy-efficientequipmentallowingthemtoreducetheircarbonfootprintandrealisecostsavingsoncapitalandoverheadexpenditureThisgrantprovidesSMEswiththeimmediatefinancialboostneededtoadoptgreenertechnologiesmakingthetransitiontosustainabilitymorefeasibleSMEswithR&DcapabilitiescanaccessadditionalsupportthroughinitiativessuchastheClosingtheResourceLoop(CTRL)FundingInitiativebytheNationalEnvironmentAgency(NEA)Thisprogrammefundsresearchanddevelopmentonsustainableresourcerecoverysolutionsaddressingkeywastestreamslikee-wasteplasticwasteandfoodwasteSuchR&DeffortsarepivotaltoachievingacirculareconomyacorecomponentofSingaporesZeroWasteMasterplanwhichseekstotransformfinancialinstitutionswhichprovidesfinancingforenergy-efficientbuildingretrofitsTofurtherbuildsustainabilitycapabilitiesEnterpriseSingaporelaunchedtheEnterpriseSustainabilityProgramme(ESP)in2021witha$180millioninvestmentTheESPofferssustainability-focusedtrainingandsupportscapability-buildingprojectsItalsofosterscollaborationswithtradeassociationschambersandcorporatestodrivesectorspecificsustainabilityinitiativesThroughtheESP,SMEscangaintheknowledgeandskillsneeded tointegratesustainabilityinto theircorebusinessstrategiescreatingasustainabilityecosystem thatspanstrainingcertificationandfinancingFurthermoretobridgethegapsinawarenesscapabilityandfinancingamongSMEsBain&CompanySBFandEnterpriseSingaporehavepartneredtolaunchtheSectoralNetZeroTransitionProgrammeThisprogrammeoffersadigitaltoolpoweredbygenerativeAIwhichenablesSMEstodevelopdecarbonisationplanswithminimalexpertiseoreffortTheprogrammealsoincludesexpert-ledworkshopsthatofferstructuredsector-specifictrainingtoaddresstheuniqueneedsandchallengesfacedbydifferentsectorsByprovidingSMEswithresources tailored to their specific circumstancestheprogrammeaimstoacceleratetheirjourneytowardnet-zeroSMEChampionsofEnergyEfficiencyandDecarbonisationSeveralSMEsinSingaporehaveemergedaschampionsofenergyefficiencyanddecarbonisationdemonstratingthatsustainablepracticescanbeintegratedintoexistingbusinessoperationswithoutcompromisingprofitabilityForinstanceOnnWahPrecisionEngineeringestablishedin1961exemplifieshowtraditionalcompaniescanadapttomodernsustainabilitystandardsDespitebeinginahigh-energyindustrythatrequiresclimate-controlledfacilitiesOnnWahhascommittedtodecarbonisationandreceivedwasteinto valuableresources and closeresourceloopsIn the financial sector theMonetary Authority ofSingapore(MAS)hasintroducedtheGreenandSustainability-LinkedLoanGrantScheme (GSLS)thefirstofitskindgloballyThisschemeaimstomakegreenfinancingmoreaccessibleforSMEsbysubsidisingthecostofengagingindependentserviceproviderstoverifythegreencredentialsofsustainability-linkedloansByfacilitatingaccesstogreenloansthisinitiativeencouragesSMEs toadoptsustainablepractices without thefinancialstrain thatmightotherwisedeter themInadditiontotheseoptionsseveralotherschemesofferfundingandfinancingtohelpbusinessesenhanceresourceandenergyefficiencyExamplesinclude the WaterEfficiencyFundbythePublicUtilitiesBoard(PUB)whichsupportswater-savinginitiativesandtheBuildingRetrofitEnergyEfficiencyFinancing(BREEF)schemefacilitatedbytheBuildingandConstructionAuthority(BCA)andparticipatingSINGAPOREENVIRONMENTALINDUSTRYDIRECTORY2025/20268