- Southeast Asia engaged with West Asia energy monarchies, while Malaysia chaired an ASEAN summit with GCC, alongside discussions on regional vulnerabilities shared with Pacific Island nations.
- Disruptions to energy supplies from the Middle East prompt Singapore to seek greater regional cooperation involving Southeast Asian nations.
Study Finds 94% of Singaporean Firms Plan Increased Energy Technology Investment
What happened
Schneider Electric released findings from a study into the energy needs of companies in Singapore. The survey, which included 513 professionals from companies listed on SGX across 14 industries, found that 94% of respondents expect to increase investment in energy-efficient technologies over the next 12 months. High upfront costs were cited as the primary barrier to this increased investment by 35% of the surveyed companies. The study also noted that 77% of companies affected by recent geopolitical and energy supply chain developments are taking active steps to adjust their operational approach.
From sbr.com.sg
Why it matters
The findings emerge as many companies operate under a 2030 net-zero deadline. The trends suggest that geopolitical and energy market disruptions are compelling corporate operational shifts to meet sustainability targets. This indicates a significant corporate pivot toward energy resilience and decarbonization.
Disruptions to energy supplies from the Middle East prompt Singapore to seek greater regional cooperation involving Southeast Asian nations.
From sbr.com.sg
Who's involved
- SingaporeThe location of the surveyed companies and the subject of the study.
- Schneider ElectricThe company that conducted the study into energy needs.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Schneider ElectricSpeculative
Schneider Electric could see increased demand for its energy-efficient technologies as companies accelerate their decarbonization roadmaps.
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The entities involved
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Singapore
sovereign island country and city-state in maritime Southeast Asia
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Schneider Electric
France-based multinational corporation
Related events
- Singapore represented at a summit where it was discussed as a regional leader in sustainable finance.
- Schneider Electric conducted a report focusing on businesses operating in Singapore.
- Singapore hosts a Work Placement Programme for Bruneian civil servants.
- Yokogawa Engineering Asia is establishing a regional hub in Singapore to support its operations across Oceania and Southeast Asia.
- Singapore officials, including the SIIA chairman and a Minister, discuss national economic strategy and energy security constraints.