27 Dec '11, 1pm

Green business practices a new fad?

SINGAPORE: Green business practices could become the new black for the corporate world in 2012. But going green these days means a lot more than just recycling and reducing carbon emissions. Since July, Maersk Line has switched to low sulphur fuel in Singapore, helping to reduce air pollution. The company estimates it will spend US$600,000 annually on the more environmentally-friendly fuel, even after offsetting Maritime Port Authority of Singapore's 15 per cent discount on port dues, as part of the S$100 million Maritime Singapore Green Initiative for using low-sulphur fuel. As low sulphur fuel is costlier, Maersk Line vessels will only make the switch to such fuel that contains a maximum of one per cent sulphur when it is closer to the port of Singapore. So far, 98.7 per cent of its vessels have made the switch. But sustainability is key to retaining clients, according t...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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