SINGAPORE, 9 June 2026 –
Singapore businesses that have adopted digital ESG tracking and reporting are winning up to 15% more tenders, cutting greenhouse gas emissions by as much as 88%, and offsetting up to 70% of their initial decarbonisation costs, according to new findings from ESGpedia, Asia’s leading ESG data and technology company.
The findings, drawn from ESGpedia’s work with more than 800 Singapore companies, come as Enterprise Singapore, through the Singapore Standards Council, rolls out a new national green-procurement framework, Technical Reference (TR) 149:2026, and as the public sector moves to weigh sustainability criteria across all eligible tenders by 2028. Together they mark a shift in which sustainability has become a baseline for winning business, not just a compliance cost.
“What businesses are recognising today is that sustainability does not come at the expense of cost or growth. When leveraged strategically, it unlocks new opportunities, heightens competitiveness in securing tenders and deals, and strengthens resilience,” said Benjamin Soh, Founder and Managing Director at ESGpedia.
Winning tenders, cutting emissions and costs
The payoff is already visible on the ground. LBD Engineering, a construction firm specialising in public housing and institutional projects, used ESGpedia to cut the time needed to produce its FY2024 sustainability report by 50–60% and to sharpen its bids for public-sector work. “We observed a noticeable improvement in our competitiveness – an estimated 10–15% increase in tender success rates where ESG factors are weighed,” said Wong Wei Chern, General Manager at LBD Engineering. Drawing on the Energy Efficiency Grant, the firm also reduced emissions by 15–25% while offsetting up to 70% of the cost of qualifying equipment.
Others are turning the same data into deeper operational gains. SPIN Fans, a retail-appliance manufacturer, achieved an 88% reduction in total greenhouse gas emissions – surpassing its 2028 target of 70% ahead of schedule – led largely by electrifying its vehicle fleet. “Better data visibility supported decisive actions, including the completion of our fleet electrification programme, where we saw 66% in cost savings,” said Darran Ong, AI & Sustainability Manager at SPIN Fans.
A prerequisite for global markets
With public-sector procurement set to weigh green criteria in all applicable evaluations by 2028, the gap between early movers and laggards is widening. “SMEs embracing sustainability are already seeing higher business resilience,” Mr Soh said. “Companies that have invested in robust ESG management and clear transition strategies stand a higher chance of winning more business and tenders.”
Appendix A: Infographic on Singapore’s sustainability reporting landscape and resources
Appendix B: Detailed case studies from seven companies
Appendix C: Achieving TR 149:2026 levels
For further information, please contact:
ESGpedia (www.esgpedia.io)
Grace Lim, Vice President – Marketing & Communications
Email: [email protected]
About ESGpedia
ESGpedia (ESGpedia Pte Ltd) is Asia’s leading ESG data and technology company, headquartered in Singapore. The ESGpedia platform serves as a one-stop digital platform for sustainability, empowering more than 1,000 corporates, SMEs, and financial institutions in achieving ESG excellence and various sustainability outcomes. It provides end-to-end ESG solutions, covering digital data management, carbon calculation, ESG reporting, supply chain ESG, and sustainable finance. ESGpedia has presence in over ten Asia-Pacific countries, and powers key initiatives across the region, including the ESCAP Sustainable Business Network (ESBN) Asia-Pacific Green Deal digital platform. ESGpedia is GRI-licensed and ISO 14064-validated. For more information, please visit www.esgpedia.io.
