Singapore ranks fifth in Asia for green market capitalisation

In terms of green revenues, Singapore holds the seventh position regionally.

Singapore ranks fifth in Asia for green market capitalisation, with over US$30b ($39b) in value attributed to companies operating in the green economy.

It followed Japan, China, South Korea, and India, according to the LSEG Green Economy Report 2025. The ranking is based on the aggregated free-float market capitalisation of listed companies that derive revenues from environmentally beneficial products and services.

In terms of green revenues, Singapore holds the seventh position regionally, generating approximately US$11b ($13.3b) to US$12b ($15.6b) in annual green revenue.

Whilst its total green revenue is smaller than larger economies like China and Japan, Singapore’s inclusion in the top ten reflects the presence of specialised companies operating across sectors such as energy efficiency, water infrastructure, and sustainable construction.

The data underscored Singapore’s position as a key player in Asia’s evolving green economy landscape. The country’s performance in both market capitalisation and revenue indicated a solid foundation in green-focused business activity despite its smaller overall market size.

These figures are drawn from LSEG’s Green Revenues Classification System, which maps and quantifies the share of company revenues linked to environmental goods and services across 133 sectors globally. The green market capitalisation and revenue values for Singapore are based on the most recent available data as of April 2025.