SINGAPORE: A recent survey conducted by Schneider Electric has found that 53% of Singapore companies are gearing up to invest more than $700,000 in sustainable transformation efforts over the next two
years.Despite facing challenges, an increasing number of Singaporean businesses are focusing on enhancing their investment in digital tools aimed at sustainability.
Such technologies help companies streamline operations, track resource usage, and manage risks and opportunities effectively. The goal is to drive more efficient processes that cut costs and reduce environmental impact. This signals a growing commitment to sustainable practices within the corporate sector. However, despite the positive momentum, the report also highlighted several barriers hindering sustainable investment.Economic uncertainty, tight budgets, and a lack of sufficient incentives remain the most significant challenges for companies as they push for greater sustainability.
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