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The FinLab Weekly Newsletter > How Do You Assess Sustainability?

How Do You Assess Sustainability?

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An Jun Goh
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It hasn’t been long since I joined The FinLab, but in less than three weeks, I’ve learned so much about sustainability and the journey to become more sustainable. Individually, it made sense to actively try to be sustainable – cloth/steel over plastic, thrift over fast fashion, reusable over disposable in every way.

But it’s a little more complicated in business.

What does it mean to be more environmentally conscious?

How do you go about being more sustainable?

How do you determine where you stand?

I used to struggle with answering these questions, and it’s still a challenge for me. Sustainability is more than tote bags and steel straws, and as I learn more here, I’d like to share something I found interesting in our Sustainability Innovation Programme!

Measuring the sustainability of your current methods, reporting your findings, setting goals, and implementing steps to achieve those goals is the typical process for beginning your journey to becoming sustainable. Nevertheless, each business is unique, whether in terms of size, industry, or resources available to achieve the goals set. Again, that sounds a little puzzling, doesn’t it? So, what’s really best for each business?

This is where what I’ve learnt over the last three weeks comes to play. I attended a site visit to SP Digital’s office, where I saw a diverse range of companies looking for sustainable solutions. One of our other programme partners, Global Initiatives, developed an economic solution to help companies take the first step!

One such solution is the CS tFM. Its full-form explains a lot more, Corporate Sustainability – The First Mile. It incorporates the standards of UN SDGs, SGx, GRI and SLLP, using a 30-minute questionnaire that provides you with a personalised report for your business once completed. If you haven’t already done so, sign up here

I’m sure I’ll come across many such solutions over the next 6 weeks I spend at The FinLab, and I’ll make sure to update you all on them!

Until next time,

Vaishali


What’s New on The FinLab Online


Join us in the first week of the Jom Transform Programme: Womenpreneurs Edition, to learn more about your business through our value proposition canvas and design thinking session! In this session, you will be able to garner more insights of the different e-commerce channels and connect with solution providers that your business could tap on to increase your sales and engagement with your customers. Look out for the sharing session from one of our successful womenpreneurs about her entrepreneurship and digitalisation journey too!

Speakers (Session 1)

  • Felix Tan, Mentor-In-Residence
  • Vincent Chew, Game Definer

Speakers (Session 2)

  • Anne Tham, Dwi Emas International School
  • Prof. Ts. Dr. Murali Raman, Asia Pacific University of Technology & Innovation
  • Exabytes
  • FoodMarketHub
  • Salt Tech
  • SharkBate
  • Webqlo

Session 1

28th June 2022, Tuesday

10:00AM to 1:10PM (+8 GMT)

Session 2

30th June 2022, Thursday

10:00AM to 12:45pm (+8 GMT)


Calling All Innovative Greentech Solutions!

The Greentech Accelerator is a 3-months regional and global programme, focusing on solutions with a Technology Readiness Level of 6 and above (i.e. ready prototype demonstration) and in areas such as energy efficiency, zero-waste supply chain, carbon management and reporting. Ten selected greentechs will be nurtured to tackle actual sustainability challenges from corporates and SMEs for potential partnerships and pilots with total funding of up to USD108,500. Applications close on 12 July 2022. 


In Case You Missed It…


Sustainability Innovation Programme 2022 Recap

Want to learn more about The FinLab’s Sustainability Innovation Programme? The complete program is available on demand here.


Jom Transform Programme – Womenpreneurs Edition Recap

Did you miss the Jom Transform Programme – Womenprenerus Edition Kick-Off? The video is now available on-demand here.


This Week’s Good Read


Greentech companies are ushering in a new era of energy efficiency: Here’s How

Learn how the rise of greentech is working toward climate goals by providing solutions that can be used by billions of people everyday.


The FinLab is UOB’s innovation accelerator that brings the ecosystem together to catalyse business growth and transformation. With a regional presence in Singapore, Malaysia and Thailand, The FinLab provides access to a range of business and technology experts, tools and content through The FinLab Online and in-person programmes. These programmes range from supporting the FinTech and start-up community in developing solutions, to assisting the Small and Medium-sized Enterprises (SME) community in going digital and innovating for sustainability. Founded in 2015, The Finlab has supported and connected with more than 14,000 businesses globally.

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