, Singapore
169 views
Photo from Envato Elements

COTD: Consumer-facing SMEs lag in decarbonisation amidst lower customer demand

B2B sectors lead in decarbonisation progress due to increased customer requirements.

Consumer-facing SMEs show less decarbonisation progress compared to B2B sectors due to perceived lower customer pressure, Bain & Company reported.

These SMEs include retail trade, hotels and accommodations, restaurants and F&B, health and social services, food processing and/or packaging, and education sectors.

Only 22% of consumer-facing SMEs are in the advanced and mid stages of their decarbonisation progress, compared to B2B sectors such as wholesale trade (28%), professional and business services (35%), and industrial and manufacturing (42%).

Bain & Company also revealed that 44% of consumer-facing SMEs have not yet started any decarbonisation efforts.

In addition, only 10% of consumer-facing SMEs identify customer requirements as a key driver for their decarbonisation efforts. 

Meanwhile, industrial and manufacturing SMEs lead at 26%, followed by professional and business services at 25%, and wholesale trade at 17%.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.