Commentary: The smartest bosses will know going green is good for business, even amid economic uncertainties in 2023

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Singapore has made great strides to push the nation forward on sustainability, with firm plans and action to prove its commitment. In October 2022, it set a stretch goal of reaching net zero by 2050, in addition to more stringent targets as part of its Green Plan 2030.

Singapore has made great strides to push the nation forward on sustainability, with firm plans and action to prove its commitment.

While Singapore businesses rank well in terms of their positive attitude to change and ability to adapt to emerging trends, more can be done to address sustainability challenges. First, key stakeholders for businesses — their customers and investors — are demanding greater action be taken on sustainability, according to our latest study.

Indeed, breakthroughs in technology are critical to driving the focus areas that Singapore is looking at to reduce carbon emissions.

 

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