A new study by Schneider Electric, the global leader in the digital transformation of energy management and automation, has found that only 40% of companies in Singapore have a climate action plan that addresses climate risk.

This is despite all businesses and 82% of Singapore consumers saying they were affected in some way by climate change in the past 12 months. The top barriers cited for developing a climate action plan, include challenges moving from strategy to action (45%), financial constraints (44%), and culture change issues (34%).

The findings have been published in a new report launched today entitled “Building a Greener Singapore”, which is based on a survey of 1,000 Singapore business leaders and consumers conducted in August 2021.

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