Local construction firms adopt ESG registry to secure more projects

Investors are expected to place a higher green premium on ESG-certified assets.

Seven local construction companies adopted ESGpedia—an end-to-end suite of sustainability solutions—to achieve higher success rates in securing projects.

According to ESGpedia, investors are expected to place a higher green premium on ESG-certified assets in Asia Pacific, especially regarding the acquisition and development of green buildings.

“As sustainability criteria continue to grow in government tenders, these requirements will inevitably spill over into the private sector,” ESGpedia said.

The platform’s use cases include company-level reporting, project-level reporting, contractor engagement, and Scope 3 calculation.

The Housing Development Board (HDB) has announced plans to track and disclose Scope 3 emissions, including Build-to-Order, Home Improvement Programme, and Neighbourhood Renewal Programme, amongst others.

Leveraging the platform’s Scope 3 Module, Wee Hur Construction determined the type of data required to collect from their subcontractors every month.

The company can upload the relevant data straightforwardly onto the platform, saving time. It can now monitor its carbon emissions and compile annual and monthly data for ESG reporting and comparisons.