Speaking at sustainability conference Ecosperity Week, Mr Teo warned that the effects of climate change will affect businesses and disrupt their operating models and supply chains.
“Questions will be asked about your companies’ strategies to avoid stranded assets or legacy lines of production that may be rendered obsolete,” he said. “Sustainable private financing and corporate net-zero targets have a powerful mutually reinforcing effect, by drawing capital preferentially towards sustainable projects and new opportunities in the global green economy,” he said.
This goes beyond reducing carbon emissions, and achieving sustainable development goals such as creating a circular economy, and building sustainable and liveable cities, he added.
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