Singapore Sustainable Business Awards winners announced

Mr Masagos Zulkifli, Minister for the Environment and Water Resources, at the Sustainable Business Awards Singapore

The winning companies of the 2018 Sustainable Business Awards (SBA) were recently announced in the presence of Minister for the Environment and Water Resources, Mr Masagos Zulkifli. Nearly 70 of Singapore’s largest companies and SMEs entered the awards, making it a record year for entrants, and early half of the winners across all categories this year are Singaporean companies. This year also saw the highest number of new companies entering the Awards with over 70 per cent being first-time contestants.

Organised by Global Initiatives, the awards’ 4th edition was run in collaboration with PwC, Business Council for Sustainable Development (BCSD), Control Union and the Fullerton Hotel. Established in 2012, the Sustainable Business Awards is the region’s leading sustainable awards platform, recognising outstanding leadership in sustainable business practices.

SBA awards businesses through a rigorous assessment using a methodology that scores both process and performance across the following 12 categories; strategy and sustainability management; workforce; community; energy management; water management; waste management and material productivity; climate change; supply chain management; land-use and biodiversity; business responsibility and ethics; stakeholder engagement and materiality, as well as the United Nation’s Sustainable Development Goals.

This year the SBA also created two new award categories – Best Social Enterprise and Best Public Sector Service. These categories aim to give recognition to organisations which are not always acknowledged for their sustainability efforts but often have a big impact with local communities.

“Singapore’s sustainability leadership is evident in this year’s awards, both in terms of business engagement as well as a country, leading by example in the region. Business can and must strengthen this momentum even further to progress on the Singapore sustainable movement and reach the 2030 UN Goals in time.” Tony Gourlay, CEO, Global Initiatives, remarked.

“The awards tonight show that many Singapore companies are leading the way in responsible stewardship and sustainability practices; practices that will not only benefit business, but also society and the environment,” Fang Eu-Lin, Sustainability & Climate Change Leader, PwC Singapore, added. “PwC is proud to support the Sustainable Business Awards and organisations in achieving their sustainability ambitions.”

An expert advisory panel assisted in selecting the winners and included Soo Yee Leong, Director, ASEAN & ANZ, ACCA; Sanjaya Pathirage, President Director, Control Union; Anthony Tan, Deputy, Chief Executive Officer, Singapore Press Holdings; Tony Gourlay, Chief Executive, Global Initiatives.