Rising costs, consumer apathy and slowing climate action are holding Singapore’s SMEs back on sustainability – but for some, being green is a competitive edge that boosts the bottom line.
Reuse is a behaviour – and does not require investment, a waste expert said at the Cities: Possibilities event in Singapore. Others suggested that capital is needed to support reuse and refill systems in the fight against waste and pollution.
Companies with stronger plastic waste management strategies showed steadier revenues and cash flow, a report by Planet Tracker finds. Litigation costs across the plastics sector could exceed US$20 billion by 2030.
An effective international agreement on ocean plastic pollution should account for all aspects of plastics production – from manufacturing to disposal, and it must involve governments, the private sector, and the public.
By
Raimund Bleischwitz
Increased government and corporate accountability, including the full implementation of the EPR law and more investment into upcycling innovations, are equally critical to create a more sustainable waste management ecosystem in Singapore.
By
Trang Chu Minh
The head of waste management non-profit Ocean Recovery Alliance tells the EB Podcast that recycled content mandates will drive the circular economy better than caps on virgin plastic production. Brands should be pressured more than petrochemical producers to phase out unnecessary plastics, he says.