Nadia Ahmad Samdin on moving towards a low-carbon society

Singapore businesses and the local ecosystem need more support in green financing and accountability. SMEs should be given easier access to green loans and more clarity on the criteria and metrics that need to be tracked. Those that move towards more sustainable business models should be formally recognised, perhaps with a catalogue that can be easily referred to by other companies as well as consumers. There should also be a national sustainability accounting strategy, in line with global standards, for consistency in reporting and comparing ESG (environmental, social and governance) performance across entities. These points were made by MP Nadia Ahmad Samdin in Parliament on Wednesday (Jan 12). She also said Singapore has the opportunity to become a regional or even global thought leader in the green regulatory space. She suggested setting up an autonomous policy-oriented think tank and leveraging the local MICE industry to host regular sustainability conventions.