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Staying adaptable, setting realistic green goals vital for companies’ growth: Business leaders

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SINGAPORE – Companies will have to react quickly and set achievable green goals if they are going to thrive amid economic uncertainty and climate change, said business leaders. Read more at straitstimes.com.

BW Group chairman Andreas Sohmen-Pao, IMC Pan Asia Alliance Group chairman Frederick Chavalit Tsao and ST associate editor Lee Su Shyan.

“By 2030, we will have to reduce greenhouse gas emissions by 20 to 30 per cent compared to 2008; I have doubts that the 2030 target is achievable.” “Stretching goals are good, but the problem with stretching goals too far is that people will stop following the goals at some point as the aspirations become divorced from reality.”

Being able to adapt to changes is also crucial for companies and their leaders, said Mr Narayana Murthy, founder of Indian tech giant Infosys. “But tackling something as big as climate change needs the public and private sectors to work together. The private sector depends on regulatory support, while the public sector needs the agility and creativity of corporations,” he added.

 

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