Sustainability Strategy Development
Up to 70% support for SMEs and up to 50% support for non-SMEs
Application outcome in 10 weeks
About this activity
Support companies in developing a sustainability strategy, preparing a sustainability report, and obtaining assurance of the report, helping businesses identify gaps and opportunities across thematic areas such as decarbonisation, to strengthen their sustainability outcomes.
- Support received for this activity counts towards your company's overall annual grant cap of S$100,000
- Project must be completed within 12 months from date of approval
- Costs incurred from date of application are covered upon approval
Areas of support
Companies can select any of the following options. All areas of support listed under your chosen option must be completed in full.
Option A: Sustainability strategy development
- ESG materiality assessment - identify and prioritise key environment, social, and governance topics
- Data collection system/template - facilitate tracking of sustainability data in a consistent and organised way
- Gap assessment for material areas - identify key topics/areas with significant impact
- Sustainability risk and opportunity assessment - review and identify areas to manage risks and capture opportunities
- Strategy/roadmap development - develop a plan to achieve sustainability goals
Option B: Sustainability strategy development + sustainability reporting (SR)
- All areas of support under Option A, and:
- Sustainability report - formulate a report aligned to global standards/frameworks, e.g. Global Reporting Initiative (GRI), International Financial Reporting Standards (IFRS)
Option C: Sustainability strategy development + sustainability reporting (SR) + assurance of SR
- All areas of support under Option B, and:
- Assurance of sustainability report - verify information for enhanced credibility
Supported costs
- Hardware costs
- Professional service costs
- Software costs
Non-supported costs
Include (but are not limited to):
- Goods and Services Tax (GST)
Eligibility
Check your company's eligibility on BizSG.
Business entity must:
- Be registered and operating in Singapore
- Have at least 30% ownership (direct or indirect) by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
- Not have started work or made any payment or deposit to a supplier, vendor, or third party prior to application submission
Project conditions:
- Company must not have previously developed or published any sustainability report
- Company must not be subject to climate reporting requirements mandated by ACRA and SGX (i.e. ISSB-based climate-related disclosures). Companies subject to mandatory climate-related disclosures may explore the Sustainability Reporting Grant instead.
Project deliverables
At the end of the project, submit the relevant supporting documents corresponding to your chosen option:
- Option A (Sustainability strategy development): A strategy comprising findings across all areas of support listed under Option A
- Option B (Sustainability strategy development and sustainability reporting): All deliverables under Option A and a sustainability report aligned with international standards (e.g. GRI, IFRS)
- Option C (Sustainability strategy development, sustainability reporting and assurance of sustainability report): All deliverables under Option B and an assurance report
Application documents and information required
- Vendor's proposal, quotation and SS 680 certification
- Projection of expected revenue growth as a result of the project, for 1 year after project completion
- Projection of expected cost savings as a result of the project, for 1 year after project completion
- Projection of new jobs created (overall and Singaporeans only) with gross monthly salary above S$5,000, for 1 year after project completion
- Carbon emissions data, if applicable
How to apply
Ensure all documents listed under the "Application documents and information required" section are ready before starting your application.
Identify a suitable vendor for your intended activity.
Sign in to the company's Corppass account to apply on BGP. If you do not have a Corppass account, refer to this guide to sign up.
If the application is approved, a Letter of Offer (LOF) will be issued and must be accepted. The LOF will include the following details:
- Conditions of support
- Grant amount awarded
- Project qualifying period
- Project deliverables
As proof of project completion, ensure all project deliverables outlined in the ‘Project deliverables’ section on this page or in the LOF are met.
After project commencement, if you need to make changes to your project, you may submit a change request during the project qualifying period. Note that only two types of changes are permitted:
- Change to project end date
- Change to claim due date
All change requests are subject to approval.
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6a. Set up your payment method
Submit the necessary information for your preferred mode of disbursement. The grant will be credited to your stipulated bank account through PayNow (preferred) or GIRO.
PayNow (preferred)
Register for PayNow Corporate with your company’s UEN +3 alphanumeric suffix (if applicable):
- Contact the bank or log in to your bank’s internet banking or mobile banking app
- Link the UEN to the bank account. A 3-digit alpha-numeric suffix can be added to the UEN to create multiple PayNow proxies
- Enter the company name to complete the setup
Once setup is completed, submit the PayNow Corporate details via the BGP claim form. Disbursement will be made within 14 working days after approval of claims.
GIRO
Submit GIRO details via the BGP form. Disbursement via GIRO may take up to eight weeks after approval of claims.
In the event that neither PayNow Corporate nor GIRO has been set up, disbursement of the claim will not be possible.
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6b. Prepare your claim submission
Before submitting your claim, take note of the following and ensure your documents are ready:
- Only expenses approved in the LOF are eligible for support
- All project expenses must be paid in full before submitting
- Claims must be submitted before the claim due date
(i) Deliverables documentation
Ensure all project deliverables have been completed as stated in your Letter of Offer (LOF). Refer to the 'Deliverables' section on this page or your LOF for the full list of required documents.
(ii) Expense verification documents
Ensure you have the relevant proof of payment documents for all project expenses. If expenses were not paid directly by your company, include proof of reimbursement to the relevant party. Refer to the claim document requirements here for the full list of supporting documents required.
Supporting documents in a foreign language must be accompanied by an English translation.
Once your documents are ready, log into the Business Grants Portal to submit your claim. Ensure all documents are clear and complete, as incomplete submissions may result in delays or rejection.
Important notes:
- Additional documents or clarification may be requested during the claim process. Prompt responses will help ensure smooth processing of the claim.
- Grant eligibility criteria apply until claim submission. If your company no longer meets the eligibility criteria at any point during the project, your claim will not be supported.
Once your claim is approved, you will receive an email notification.
You may expect to receive the grant disbursement in the stipulated bank account via your selected mode in the claim form within the timeline below.
- PayNow Corporate: 14 working days after claim approval
- GIRO: Up to eight weeks after claim approval
Check your bank account to confirm receipt of the grant.
For enquiry on grant disbursement, contact Enterprise Singapore.