DBS and Deloitte have introduced the Sustainability Accelerator Tool, designed to assist small and medium-sized enterprises (SMEs) in Singapore in evaluating their sustainability maturity levels.
This tool provides industry-specific recommendations, enabling companies to better identify and address gaps in their sustainability journeys more effectively.
The tool, co-developed as part of DBS‘s role as a SkillsFuture Queen Bee, aims to support SMEs in their transition to greener operations.
Over the next year, the tool is expected to help 1,000 SMEs in Singapore, with plans to expand to other regional markets in 2025.
A recent study by DBS and Bloomberg highlighted that only 37% of SMEs have a clear sustainability roadmap.
The Sustainability Accelerator Tool addresses this gap by measuring maturity across four pillars: Governance Framework, Sustainability Strategy, Risks & Opportunities, and Metrics & Targets.
These align with the globally recognized TCFD framework, ensuring transparent and comparable disclosures.
The tool offers detailed industry-specific analysis, customised strategic recommendations, and regional adaptability, making it a versatile resource for SMEs across Asia.
It also generates a customised Sustainability Readiness Report, providing actionable insights and access to DBS’s ESG Ready Programme, which includes expert guidance from Deloitte.
Koh Kar Siong, Group Head of Corporate and SME Banking, DBS, said,
“The Sustainability Accelerator Tool is the latest in our ongoing efforts, where we strive to futureproof SMEs though practical and holistic solutions.
Through this, we want to empower businesses to take charge of their sustainability journey, and partner them in their green transition.”
Brian Ho, Sustainability & Climate Leader, Deloitte Southeast Asia, said,
“The Sustainability Accelerator Tool is unique in its ability to provide SMEs with meaningful and practical guidance.
Leveraging Deloitte’s expertise in sustainability transformation, it not only identifies strengths and gaps but also provides actionable recommendations to enhance sustainability performance.”