OCBC SME START-ESG PROGRAMME
Supporting SMEs for a sustainable tomorrow
Accelerate your sustainability journey with the OCBC SME Start-ESG Programme.
At OCBC, we understand that ESG (Environmental, Social and Governance) sustainability is critical for businesses that want to thrive in a competitive market.
The OCBC SME Start-ESG Programme is designed to support SMEs in building its sustainability capabilities by defraying up to 70% of the eligible costs of the package, or S$3,500, depending on which is lower. With this grant, your business can overcome the challenges of sustainability adoption while making real progress towards your goals.
We have partnered with two key solution providers to help your business streamline its sustainability efforts.
EcoVadis
A cloud-based platform offering holistic sustainability ratings for companies, covering four critical pillars of sustainability: Environment, Labor, Human Rights, Ethics and Sustainable Procurement.
ESGpedia
An online ESG enabler to report common ESG metrics and calculate greenhouse gas (GHG) emissions. Bureau Veritas, a world leader in laboratory testing, inspection and certification services, will thereafter provide external verification of submitted data on ESGpedia and issue an Independent Limited Assurance Statement with reference to ISO14064.
Cost-effective sustainability transformation
With up to 70% of eligible costs covered, you’ll save significantly while obtaining sustainability credentials.
With up to 70% of eligible costs covered, you’ll save significantly while obtaining sustainability credentials.
Enhanced competitiveness
Your ESG commitment and rating opens new business opportunities, giving you an edge in tenders and client acquisition.
Your ESG commitment and rating opens new business opportunities, giving you an edge in tenders and client acquisition.
Streamlined certification process
Work with our expert solution providers to simplify your ESG certification and reporting.
Work with our expert solution providers to simplify your ESG certification and reporting.
Ollo Lifestyle International
One SME customer OCBC has supported in their sustainability journey is laundry and dry cleaning services provider, Ollo Lifestyle International Pte Ltd. With leading international hotel chains among its clients, Ollo has faced growing pressure and urgency to demonstrate its ESG credentials and transition to more sustainable business practices.
Through OCBC’s recommendation, Ollo performed its ESG self-assessment including emissions measurement on the ESGpedia platform. Using the verified emissions data from ESGpedia, OCBC structured an SLL to Ollo to fund the capital expenditure required to embark on its sustainability related initiatives. The SLL requires Ollo to achieve cumulative reduction of 12% in its GHG emissions intensity by 2027.
“We strongly believed that our industry can be revolutionised by creating a sustainable ecosystem with circular economy. We will persevere and build on our growth together with our partners to achieve our goals and having strong support from OCBC is essential.”
Alex Teo
Managing Director of Ollo Lifestyle International Pte Ltd