Singapore businesses are leading the region in integrating sustainability into their operations, but funding constraints continue to hinder further progress, according to HSBC’s Sustainability Pulse Survey. The survey indicates that nearly all Singapore-based businesses (99%) recognise sustainability as a commercial opportunity, with 83% identifying it as a key strategic focus. Additionally, 84% have established or fully implemented transition plans.
Investment in climate-related initiatives is notably higher in Singapore, with 41% of businesses allocating over 10% of their capital expenditure (CapEx) to such investments. This is significantly higher than the 14% average across the Asia Pacific region, making Singapore the leader among the six Asian markets surveyed. The findings suggest that Singapore’s position as a hub for ASEAN operations presents an opportunity to expand credible transition plans and sustainability solutions across the region.
Ellis Savva, Head of Sustainable Finance and Transition at HSBC Singapore, commented on the survey results: “On the ground, we are seeing many businesses in Singapore embed sustainability into their core strategy and day-to-day operations. The 2026 Singapore Budget has reinforced that momentum, particularly through carbon pricing signals and continued support for decarbonisation. For many businesses, the focus has shifted from whether to act to how to scale delivery and achieve impact at pace.”
The survey underscores the need for increased funding to support the ambitious sustainability goals of Singapore businesses, which could further enhance their regional influence and impact.
