A study by The Straits Times reveals that while only a third of businesses in Singapore are “strongly aligned” with the Singapore Green Plan 2030, less than half are actively engaging in sustainable practices.

As the nation moves towards carbon neutrality and greener buildings, the Green Plan is set to reshape environments across the country. In response, we have evaluated how our business can align with the Green Plan’s standards and enhance sustainability practices.

To support other business owners, we’ve summarized key components of the Green Plan to help facilitate alignment and commitment to sustainability.

1. Enhance Efficiency of Gas-Powered Plants

Currently, 95% of Singapore’s electricity is generated using natural gas, a cleaner fossil fuel. However, these plants still contribute to carbon emissions. The Green Plan aims to improve the efficiency of gas-powered stations. 

Businesses utilizing such plants for energy generation should engage the most efficient and environmentally friendly service providers or invest in research and development to optimize plant processes. Enhancing efficiency in gas-powered stations will meet electricity demand while reducing environmental impact, aligning with the Green Plan’s “Energy Reset” objective for cleaner energy sources across all sectors.

2. Transition to Renewable Energy Sources

Sustainability is crucial in addressing climate change, given finite resources. Utilizing alternative renewable energy sources benefits the environment without compromising the climate. Singapore plans to quintuple solar deployment by 2030 to meet a larger portion of electricity demand. 

Businesses can proactively adopt solar energy solutions in their operations. The Monetary Authority of Singapore (MAS) offers Green Loan Grant Schemes to support companies undertaking green projects, including renewable energy initiatives. Increasing solar deployment across sectors enhances Singapore’s energy resilience and reduces dependence on natural gas.

3. Comply with BCA’s Green Mark Certification Scheme

Buildings account for 40% of global carbon emissions. The Singapore Green Plan 2030 emphasizes achieving Green Mark Certification for all commercial, residential, and institutional buildings, aiming for 80% green buildings and 80% Super Low Energy (SLE) new buildings by Gross Floor Area (GFA). SLE buildings are defined as those achieving 60% energy savings and lower carbon emissions. Businesses owning buildings must ensure compliance with criteria such as improved energy performance and climate-responsive design to qualify for Green Mark Certification. Businesses without property ownership can contribute by choosing to rent spaces in Green Mark Certified buildings. Adhering to these regulations reinforces commitments to energy efficiency and a sustainable future.

4. Support Infrastructure for Electric Vehicles (EVs)

Green mobility is a key goal of the Green Plan, recognizing the widespread use of public transport in Singapore. Promoting EV infrastructure and usage promises cleaner energy and reduced carbon emissions. The Green Plan aims to increase EV charging points in both public and private premises by 2030. Businesses can influence EV infrastructure by providing more charging points, facilitating seamless EV operations. Companies requiring vehicle transport can transition to electric vehicles to minimize carbon emissions.

As climate change concerns intensify, requiring cooperation across all stakeholders, business owners should stay informed about the environmental goals, regulations, and norms advocated by the Green Plan 2030. Investing in green initiatives not only contributes to sustainability but also offers long-term benefits, including reduced operational costs, healthier workspaces, industry longevity, government support, and meeting growing expectations for corporate environmental performance.

Resync supports businesses in optimizing energy consumption, enhancing efficiency, and aligning with the Green Plan’s sustainability goals. Our AI-driven energy management solutions help buildings achieve Green Mark certification, monitor and reduce Scope 1 and Scope 2 emissions, and ensure long-term compliance with evolving energy efficiency standards.

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