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SUSTAINABILITY WHITEBOOK 2020-2021 Bringon100-Ad-210X297-Highres.Pdf 1 25/9/2020 6:53:54 PM SUSTAINABILITY WHITEBOOK 2020-2021 BringOn100-Ad-210x297-highres.pdf 1 25/9/2020 6:53:54 PM C M Y CM MY CY CMY K BringOn100-Ad-210x297-highres.pdf 1 25/9/2020 6:53:54 PM TABLE OF CONTENTS Sustainability Whitebook 2020 - 2021 2 DIAMOND AND GOLD MEMBERS 5 MESSAGES • President of the European Commission, Ursula von der Leyen • Minister for Sustainability and the Environment, Grace Fu Hai Yien C • Ambassador of the European Union to Singapore, Barbara Plinkert • President of EuroCham, Federico Donato M • Executive Director of EuroCham, Nele Cornelis Y 10 ABOUT EUROCHAM CM MY 11 INTRODUCTION CY 14 SUSTAINABILITY ROADMAP IN THE EU AND IN SINGAPORE CMY • European Green Deal K • Singapore’s Sustainability Plans 17 POSITION PAPERS AND REPORTS • Circular Economy • Green Finance • Smart Mobility • Clean and Efficient Energy • Sustainable Food and Nutrition 89 EUROPEAN SUSTAINABILITY IN SINGAPORE/ASEAN REPORT 2020 103 EUROPEAN EXCELLENCE IN SUSTAINABILITY • Circular Economy • Green Finance • Smart Mobility • Clean and Efficient Energy • Sustainable Food 147 SINGAPOREAN EXCELLENCE IN SUSTAINABILITY This Sustainability Whitebook has been printed on FSC® certified paper. FSC® is paper that has been harvested in a responsible manner. DIAMOND AND GOLD MEMBERS Sustainability Whitebook 2020-2021 DIAMOND AND GOLD MEMBERS Prudential Assurance Company Singapore BNP Paribas is a leading bank in Europe Accenture is a global professional services (Pte) Ltd is one of the top life insurance com- with presence in 71 markets, with around company with leading capabilities in digital, panies in Singapore, serving the financial 199,000 employees. In Asia Pacific, BNP cloud and security. Combining unmatched and protection needs of the country’s citizens Paribas is one of the best-positioned in- experience and specialized skills across for 89 years. The company has an AA- Finan- ternational financial institutions with an un- more than 40 industries, we offer Strategy cial Strength Rating from leading credit rating interrupted presence since 1860. Currently and Consulting, Interactive, Technology and agency Standard & Poor’s, with S$42.02 with over 18,000 employees* in 13 mar- Operations services—all powered by the billion funds under management as at 31 De- kets, BNP Paribas offers a wide range of world’s largest network of Advanced Tech- cember 2019. It delivers a suite of well-round- financial services covering corporate and nology and Intelligent Operations centers. ed product offerings in Protection, Savings institutional banking, wealth management, Our 506,000 people deliver on the promise and Investment through multiple distribution asset management, insurance, as well as re- of technology and human ingenuity every channels including a network of more than tail banking and consumer financing through day, serving clients in more than 120 coun- 5,000 financial consultants. strategic partnerships. In Southeast Asia, tries. We embrace the power of change BNP Paribas has core banking licences in to create value and shared success for our all markets in which it operates – Indonesia, clients, people, shareholders, partners and 5 Straits View Malaysia, Singapore, Thailand and Vietnam. communities. #01-18/19 Marina One The Heart Singapore is the Bank’s hub for Southeast Singapore 018935 Asia, where it has been present since 1968. T: +65 6333 0333 250 North Bridge Road W: www.prudential.com.sg * excluding partnerships #35-00 Raffles City Tower Singapore 179101 T: +65 6410 8000 20 Collyer Quay W: www.accenture.com #01-01 Tung Centre Singapore 049319 T: +65 6210 1288 W: www.bnpparibas.com.sg 2 Sustainability Whitebook 2020-2021 DIAMOND AND GOLD MEMBERS 3 Sustainability Whitebook 2020-2021 MESSAGES QUOTE from the President of the European Commission, Ursula von der Leyen “The European Green Deal is our blueprint for a transformation of our economy. And it is Europe’s new growth strategy. We look to Singapore as an important ally to achieve a sustainable recovery and our global commitments towards the UN Sustainable Agenda for 2030 and the Paris Agreement on Climate Change. I applaud the European Chamber of Commerce’s work to foster sustainable businesses and promote closer cooperation between European and Singapore companies. There are many business and innovation opportunities in the European Green D e al.” Ursula von der Leyen, President of the European Commission MESSAGES Sustainability Whitebook 2020-2021 MESSAGE from the Minister for Sustainability and the Environment, Grace Fu Hai Yien The EU-Singapore Free Trade Agreement (EU- The EU Commission’s European Green Deal SFTA), which is the first FTA between the EU is a landmark plan that demonstrates the im- and an ASEAN member state, commits the EU portance the EU places on sustainable devel- and Singapore to the principles of sustainable opment. I hope our common interests in trade development in trade. This is demonstrated and sustainable development will facilitate a by the inclusion of forward-looking provisions meaningful exchange of views between Sin- on trade and sustainable development in the gapore and Europe and bring forward ideas Agreement, including the protection of the en- and solutions which can be employed to cre- vironment. ate a more sustainable world for our future generations. As we commemorate the first anniversary of the entry-into-force of the EUSFTA on 21 No- I am heartened that the European Chamber vember 2020, Singapore looks forward to of Commerce (EuroCham) has embraced taking our partnership with the EU forward in sustainability as the focus of its activities in new ways, such as in addressing the chal- 2020. The Sustainability White Book will lenges posed by climate change, and explor- help to raise awareness of and promote part- ing opportunities presented by the circular nerships in circular economy and sustainable economy. development, and profile the successes and best practices of European and Singaporean Even as we tackle the COVID-19 pandemic, companies. Singapore is committed to play our part on the climate change front, and to put sustaina- I thank EuroCham for your steadfast efforts bility at the core of everything we do. We will in bridging European companies with Singa- aim for a recovery that will not only make our pore stakeholders. I look forward to new op- economy stronger, but also greener. We will portunities to work together to chart our path continue efforts to transform our companies towards a sustainable future. and industries to be more carbon-, energy- and resource-efficient. We are also adopting innovative circular economy approaches to achieve greater resource efficiency. 6 Sustainability Whitebook 2020-2021 MESSAGES MESSAGE from the Ambassador of the European Union to Singapore, Barbara Plinkert The European Union (EU) and Singapore are For the next seven years, the Commission has strategy, released in March this year, makes fully aligned natural partners when it comes proposed that 25% of the EU budget be spent clear that to build future-proof economies we to building sustainable societies. We have a on climate investments. These long-term steps need to have a dynamic and open interaction shared vision with the United Nations (UN) are critical not just for businesses, big and with businesses, big and small. Sustainable Agenda for 2030 and the Sus- small; they reaffirm our commitment to scale tainable Development Goals (SDGs) at the up the global sustainability agenda. In this context, the EuroCham Whitebook on core of our economic and environmental poli- Sustainability is an essential part of the dia- cies. A clear testament to this is the EU-Singa- Singapore with its shared vision and strong logue. This timely Whitebook shows the ex- pore Free Trade Agreement (EUSFTA), which push on sustainability is a key ally for us in cellence of EU business in crucial industrial includes a chapter on Trade and Sustainable moving forward this crucial agenda. By con- ecosystems such as circular economy, green Development to ensure that our trading rela- tinuing to work closely together and build finance, smart mobility, renewable energy, tions support environmental protection. on our synergies - in areas such as circular sustainable food. It maps too the important economy, the built environment, mobility, ma- role EU businesses play in this strategically im- In recent years, many countries have called rine plastic litter, and energy (renewables and portant part of the world. for action to correct the course of global un- clean hydrogen) – we can have a bigger col- sustainable economic growth. Important steps lective impact. Thanks to Singapore’s support, The deep human and economic impact of the have been taken to fight vital issues such the first EU-ASEAN high-level dialogue on unprecedented COVID-19 pandemic continue as climate change, the digital divide and environmental protection and climate change to unravel and leave us with many lessons. the gender gap. The EU fully embraced this took place in July last year. We continue our Today, more than ever we have seen the approach and in 2019, Ursula von der Ley- excellent dialogues and reinforce EU-ASEAN strengths of working together, the power of en, President of the European Commission, cooperation in areas such as renewable en- collective response and the benefits of open- announced that Europe would become the ergy. ness over closure. It is not just countries, it also first climate neutral continent by 2050. The industries and public and private sectors that European Green Deal adopted in Decem- At the international level, the EU and Singa- need to cooperate even more to achieve a ber 2019 lays the ground for this transition, pore are cooperating in promising fora, such sustainable and inclusive future. announcing forward-looking initiatives and as the International Platform on Sustainable investments. The ambitious targets announced Finance (IPSF) and the Global Partnership for “Build back better” and together is our by the EU to make our economy greener, fair- Artificial Intelligence (GPAI).
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