The Peak Magazine
by Rachel Genevieve Chia / MARCH 26, 2022
In the last decade, green was the buzzword for corporates looking to show off their environmental awareness.
But these days, amid the Covid-19 pandemic and increasingly urgent calls to stem global warming, failing to deliver on climate change metrics could spell financial disaster for firms.
Such is how strong the business case for environmental sustainability has grown, two leaders in the space say.
Though some see it as an extra cost, companies can no longer ignore sustainability obligations, argues Federico Donato, a council member at Global Compact Network Singapore. The organisation is the local chapter of United Nations Global Compact, the world’s largest corporate sustainability initiative.
Citing research on the correlation between ESG rating and default rate, Donato – who is also president of the European Chamber of Commerce in Singapore – says a firm’s sustainability performance has become an indicator of how forward-thinking its management is.
Read more here: https://www.thepeakmagazine.com.sg/interviews/corporate-sustainability-has-never-looked-so-sexy/
