USFB - UNDERSTANDING SUSTAINABILITY FOR BUSINESS by NTUC LearningHub

Course Overview

Sustainability has become a salient topic in recent years as more business stakeholders such as investors and customers pay closer attention to the impact of sustainable practices on our ecosystem and business operations. A recent sustainability report by NTUC LearningHub found that more than 9 in 10 business leaders agree that it is important to integrate sustainability into their organisation’s overall business strategy.

What is sustainability in business? Sustainability refers to meeting the needs of the present without compromising the ability of future generations to meet their own needs. Hence, sustainability in business means understanding the effects the business has on the environment and the society and adopting business practices which enhance the positive impact or minimize the negative impact. When making decisions, sustainable businesses account for environmental and social factors in addition to economic ones.

Course Objectives

At the end of the course, learners will be able to:

• Understand the fundamentals of sustainability, sustainability development and the effects of environmental change on business
• Comprehend sustainability strategies and initiatives
• Prepare workplace sustainability policies
• Explain the concept of Environment, Social and Governance (ESG) in sustainability
• Introduce the Carbon Pricing Act Singapore, carbon management and carbon credit trading.

Course Outline

Self-Paced elearning on LXP (Part 1)

Environmental Impact

• Sustainable Living
• Sustainability 101
• The Effects of Environmental Change on Business
• Energy Efficiency (Optional)

Implementing Sustainability for Business

• Building a Strategic Commitment to Sustainability
• Prepare Workplace Sustainability Policies
• Implementing Workplace Sustainability Policies
• Weighing Risks & Opportunities of Implementing Sustainability Initiatives

Social Impact

• Business and human rights and the ‘just transition’ – Part 1 & 2
• Diversity, Equality, and Inclusion: Global Edition (Optional)
• Tripartite Alliance for Fair & Progressive Employment Practices (Optional)

Sustainable Finance

• Understanding Sustainable Finance & its Regulations – Part 1
• Understand Sustainable Finance & its Regulations – Part 2 (Optional)

Classroom/Synchronous Training (Part 2)

• Fundamentals of sustainability and sustainability development
• UN sustainability development goals
• Environment, Social and Governance (ESG) in sustainability
• ESG factors, focusing on sustainability risks and opportunities as well as sustainability governance and business practices.
• International and local developments and initiatives to promote sustainability
• Sustainability Reporting Requirements and Standards (e.g. SGX/NEA)
• Task Force for Climate-related Financial Disclosures and related carbon reporting standards
• Sustainability initiatives by Singapore’s Future Economy Council and Singapore Green Plan 2030.
• Carbon Pricing Act Singapore, carbon management and carbon credit trading.

Certificate Obtained and Conferred by

Upon meeting 100% attendance and passing the assessment(s), participants will receive a Certificate of Completion from NTUC LearningHub.