A joint study by Schneider Electric and the Singapore Green Building Council (SGBC) suggests that green building technologies are delivering cost savings and emissions reductions, with respondents recording up to 20% in energy savings over the past 12 months.
Yoon Young Kim, cluster president, Singapore and Brunei, Schneider Electric, said: “Singapore’s embrace of digital green building solutions has positive implications for our progress towards national net-zero targets, as such solutions are highly scalable. As evidenced by our study, the environmental benefits of technological progress are real and significant. As a responsible member of the private sector, we look forward to contributing towards this green journey.”
Green building ambitions
Business leaders also expressed confidence that the rate of savings would increase over time and stated that they plan to increase their adoption of green buildings.
The study found that business leaders are also considering a wider range of factors, beyond sustainability and energy efficiency, in driving green building ambitions in the country. Notably, approximately 8% of business leaders cite employee expectations as their top driver for adopting green buildings, up from 3% in 2023.
Regulatory expectations as the top driver rose to 10% from 2%, possibly because of Singapore’s Mandatory Energy Improvement (MEI) regime. This regime, which takes effect in the third quarter of 2025, mandates specific energy efficiency improvements in buildings, thereby driving the adoption of green building technologies.
“This survey reaffirms industry support for green building implementation. In the face of current headwinds, we believe green building adoption rates can be sustained and even increased by continuing momentum in green building regulation. Progressive upgrades to building standards should also be accompanied by targeted incentives that encourage retrofitting of older buildings, allowing Singapore to hit its 2030 targets,” Allen Ang, president of the Singapore Green Building Council, said.
