SMEs with Singapore Green Labelling Scheme certifications can now apply for financing with HSBC SME Green Loan



SMEs with Singapore Green Labelling Scheme certifications can now apply for financing with HSBC SME Green Loan

19 March 2020 —  The HSBC SME Green Loan is the first-ever Green loan in Singapore to draw on existing eco-labelling certifications instead of the externally-reviewed bespoke Green Finance Frameworks typically associated with large corporates, filling a gap in the green financing for SMEs by reducing time, complexity and cost. This will provide an incentive for all businesses to adopt sustainable approaches. The Singapore Environment Council (SEC) can help SMEs with a suite of available internationally recognised programmes by United Nations Environment Programme (UNEP) and Global Ecolabelling Network (GEN).

Bearers of SEC’s green label can apply for the Green Loan for eligible Green projects that may include purchase of Greener equipment; development or production of sustainable or recycled products; as well as the construction or renovation of Green buildings, or towards the purchase of energy-efficient fittings. The Singapore Green Labelling Scheme (SGLS) has certified more than 830 companies across 3,800 industrial and consumer products and is accredited to international ISO 14024 and ISO/ IEC 17065:2012 standards.

For more information on SGLS and SGLS-certified products, please visit https://sgls.sec.org.sg/index.php

For more information on the HSBC SME Green Loan, please visit https://www.business.hsbc.com.sg/en-sg/greensme/green-solutions-sme

Previously Published News

Carbon emissions are falling sharply due to...

GLOBAL – 3 April 2020 — CO2 emissions are crashing as the world winds down, but experts say the drop won’t last if governments don’t start moving to cleaner energy. It is...

WHO Director-General’s opening remarks...

GLOBAL – 2 April 2020 Good morning. I’d like to begin by thanking Member States for last week’s briefing. It was inspiring to hear from China, Japan, the Republic of Korea and Singapore...

International trade for food security

GLOBAL – 30 March 2020 — A joint statement Millions of people around the world depend on international trade for their food security and livelihoods. As countries move to enact measures...

Green buildings’s contribution in the...

GLOBAL – 23 March 2020 — An analysis by China Green Building Council The Assessment Standard for Green Building (ASGB) (GB/T 50378-2019) applies new technologies and new concepts in the...

World Water Day: 39 iconic Singapore...

SINGAPORE – 22 March 2020 —  More than 35 iconic landmarks and bridges such as the Esplanade, Singapore Flyer, Gardens by the Bay and Helix Bridge lighted up in blue to commemorate World Water...

COVID-19 could prompt new approach to urban...

ASIA – 18 March 2020 — From food to tech, coronavirus to spur urban planning rethink in the Asia-Pacific region, home to some of the world’s most densely populated cities The...

Sungei Kadut Eco-District to attract new...

SINGAPORE – 6 February 2020 – To cater to the fast-changing needs of the manufacturing industry, plans are underway to ensure one of Singapore’s oldest industrial estate continues to remain agile...

2020 Pritzker Architecture Prize

GLOBAL – Yvonne Farrell and Shelley McNamara (photo courtesy of Alice Clancy) 03 March 2020 — Yvonne Farrell and Shelley McNamara of Dublin, Ireland, have been selected as the 2020...