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.