Singtel, in collaboration with Enterprise Singapore, has unveiled SPEED, a pioneering sustainability programme designed to assist small and medium-sized enterprises (SMEs) in Singapore. This initiative, launched on 2 April 2025, aims to provide SMEs with the necessary skills and tools to advance their sustainability goals through smart technologies and purpose-driven innovations.
SPEED, which stands for Smart technologies, Purpose-driven innovations, Enhanced capabilities, achieving Effective Digital transformation, is a 15-month programme developed in partnership with solution providers and Nanyang Polytechnic. It focuses on helping SMEs track and optimise their energy usage and carbon emissions using Internet of Things (IoT) solutions. Enterprise Singapore will subsidise up to 70% of eligible costs for participating SMEs.
Ng Tian Chong, CEO of Singtel Singapore, highlighted the programme’s holistic approach, stating, “We designed this holistic programme with businesses in mind, making knowledge acquisition, application and implementation of green solutions in the workplace easy.”
The programme includes an e-assessment to evaluate sustainability readiness, deployment of IoT services for real-time insights, and comprehensive progress reviews. Geoffrey Yeo, Assistant Managing Director of Enterprise Singapore, noted, “Singtel’s SPEED programme delivers practical IoT solutions that give SMEs real-time insights into their energy usage and emissions.”
Singtel’s SPEED is part of its broader 4D Environmental Sustainability Strategy, aiming to meet its net-zero target by 2045. The company has already made significant strides, reducing its total greenhouse gas emissions by 1,315,248 tCO2e for FY24 compared to FY23. Since 2022, Singtel has invested $227.84 million (local currency) towards climate action.
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