Sustainability Transformation
for Singapore Manufacturers
Chief Sustainability Officer-as-a-Service (CSOaaS)
Supported by:
In Collaboration with:
Sustainability is everyone's responsibility
In today's world, sustainability is no longer just a buzzword—it's a critical responsibility for businesses, governments, and individuals alike. As environmental challenges intensify, the need for environmental sustainable practices are paramount. The manufacturing sector, being a significant contributor to resource consumption and emissions, holds a unique responsibility in driving change. Singapore Manufacturing Federation's Chief Sustainability Officer-as-a-Service (CSOaaS) programme empowers companies to kickstart their sustainability journey, not just as a compliance measure, but as a core business strategy.
What is Sustainability
Climate change is impacting everyone. These subtle yet significant changes highlight the urgent need for companies to take the first step on their sustainability journey. By acting now, we can ensure a cleaner, and livable planet for our future generations.
What are the Benefits?
for sustainable alternatives.
Building a Strong Business Case for Embracing Sustainability
Global ESG regulations are adding up - the time to act is now
2024-2025
2026
2027
2028
2029
2030
SGX mandates sustainability reporting for all listed companies.
Carbon Tax: $45/ tonne
Stricter environmental compliance regulations for Manufacturing sector
Carbon Tax: $25/ tonne
Mandatory Scope 3 reporting for listed companies
Green Building Standards: Enhanced Building and Construction Authority (BCA) Green Mark certification requirements
Mandatory Scope 1 and 2 reporting for non-listed companies (Annual rev > $1B, total assets > $0.5B)
Green Procurement: The government will introduce stricter green procurement rules.
Expansion of carbon tax scope to cover more industries.
Mandatory Scope 3 reporting for large non-listed companies (TBC).
Carbon Tax: $50-$80/ tonne
Full Circular Economy Implementation: All companies are required to meet stringent waste management and recycling benchmarks
Bursa Malaysia listed companies to disclose ESG initiatives and risks as part of their annual reports
Mandatory Greenhouse Gas Emissions Reporting for large companies that are high emitters.
Introduction of carbon pricing mechanisms, coupled with stricter waste management and renewable energy regulations.
Companies in sectors like manufacturing, oil & gas, and agriculture will be required to report Scope 3 emissions.
Introduction of mandatory carbon reporting for SMEs
Full Implementation of Carbon Pricing
OJK Green Taxonomy
Renewable Energy Mandates: New regulations may require companies to integrate renewable energy into their operations
Stricter Emission Caps: Large industries may face stricter emission caps, requiring companies to adopt advanced emissions control technologies or risk penalties.
Full implementation of a carbon tax covering major industries, including mining and manufacturing, with additional penalties for non-compliance.
Green Product Regulations: Regulations surrounding the production and labeling of green products will be expanded
Net-zero emissions target for specific sectors, with stringent penalties for exceeding emissions caps.
Strict environmental protection rules and launched a national emissions trading system (ETS) for power generation.
Expanded carbon pricing mechanisms, and increased accountability for ESG disclosures
Green Product Standards: China will implement stricter eco-labeling and green product standards across industries
Strengthened sustainability compliance, particularly in manufacturing and export sectors, with new incentives
Mandatory Scope 3 Emissions Reporting for companies.
Renewable Energy Mandates for Large corporations.
National emissions trading scheme (ETS) fully operational, with tighter caps on greenhouse gas emissions.
Circular Economy Action Plan (CEAP).
Energy Efficiency Directives for industries and large corporations.
Further tightening of ESG reporting requirements under the EU Taxonomy.
Mandatory ESG Due Diligence: The Corporate Sustainability Due Diligence Directive (CSDD)
Introduction of further regulatory initiatives, potentially targeting circular economy standards and enhanced biodiversity reporting.
Zero waste to landfill policy.
EU Climate Law mandates legally binding targets for climate neutrality by 2050.
EU circularity standards.
Carbon Border Adjustment Mechanism (CBAM)
Mandatory Scope 3 Emissions Reporting for large companies.
Sustainable Finance Disclosure Regulation (SFDR)
CSRD Reporting.
EU Taxonomy.
Fit for 55.
Extended Producer Responsibility (EPR) Directive
SEC Climate Risk Disclosure
Infrastructure Investment and Jobs Act (IIJA)
Mandatory Scope 3 Emissions Reporting for Larger companies.
New energy efficiency standards for buildings and industrial operations.
Circular Economy and Waste Management Policies.
Enforce stricter emissions regulations, particularly for high-polluting sectors (Manufacturing).
National-level carbon pricing policy.
Sustainable Product Regulations: Stricter guidelines for sustainable product labeling and sourcing.
Full implementation of federal carbon tax and reinforced climate regulations, including mandatory renewable energy targets
There is a growing expectation for transparency and accountability worldwide, SMEs are expected to measure, report, and reduce their carbon footprint to meet customer and regulatory demands.
Chief Sustainability Officer-as-a-Service (CSOaaS) Programme
Kickstart Your Sustainability Journey:
A Program to Reduce GHG Emissions and Enhance Environmental Responsibility
“I am so overwhelmed by the resources available, where and how do I get going?”
“Are my employees well-versed when conversing in the topic of sustainability?”
“I have limited people and resources to run these initiatives.”
03
04
01
Implementation
SMEs are matched with our eco-system partners to implement sustainable solutions. Thereafter, a second GHG data capture assesses the impact, and successful companies will be awarded the G.E.M Bronze Mark, recognizing their commitment to sustainability."
Prioritization & Roadmap
Receive expert guidance to identify the most critical actions that will drive meaningful progress towards your sustainability goals. A strategic roadmap with clear steps, timelines, and resources is developed to guide SMEs.
Customer: “What is your environmental sustainability policy and carbon emission? - this is a vendor requirement”
Awareness Training
Employees are introduced to environmental sustainability concepts, laying the foundation for the company's sustainability journey.
02
Gap Assessment
Environmental sustainability assessment and scope 1 and 2 data capture to establish baseline and identify gaps.
3 days duration
Across 2 weeks
Why SMF’s Chief Sustainability Officer as a Service?
Foundation for Global Compliance
Lays the groundwork for compliance with international standards, positioning your business for global success and long-term resilience
Expert guidance
Receive practical advice from sustainability experts well-versed in regulatory requirements, ensuring efficient resource use and maximum impact for your business.
Recognition
Earn the G.E.M Bronze, Silver, or Gold mark to acknowledge your sustainability efforts. These certifications are recognized by industry leaders and banks, creating opportunities for further engagement.
Marketing Exposure
Gain visibility through SMF’s partnerships with regulators and industry leaders, showcasing your sustainability achievements and enhancing your competitive edge.
exclusive
G.E.M Community
Successful adopters will achieve the prestigious G.E.M Mark, showcasing their commitment to sustainability. They will also gain entry into the exclusive G.E.M community, enjoying benefits such as invitations to networking events, marketing spotlights, and access to quarterly sustainability newsletters.
Foundation for Global Compliance
SUSTAINABILITY REPORTING
ISO 14001 Environmental
Management System
Up to 50%
> 80%
> 90%
ISO 50001 Energy
Management System
Helping companies identify energy efficiency opportunities to achieve their energy goals.
TR XXX:2025
Guidelines for xxx
Technical Reference (TR)
-Launching soon
Listing specification for companies in environmental sustainability
International Financial Reporting Standards
Up to 60% requirements mapped
Chief Sustainability Officer-as-a-Service (CSOaaS) Programme
Kickstart Your Sustainability Journey with SMF’s CSOaaS today.
Limited
Time
Act now to enjoy grant offset for companies who register before 31 December 2024
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*The percentage of grant offset varies depending on the scope and details of the project. To find out, contact SMF to get a detailed analysis and quote.