Singapore firms still slow to adopt sustainability practices: survey

Singapore

SINGAPORE mid-market enterprises (MMEs) - defined as companies with turnover of US$50 million to US$500 million - lag their global peers in their adoption of sustainable business policies and practices, findings in a HSBC report released on Monday show.

According to the report, almost half (47 per cent) of Singapore MME respondents recognise that their customers demand more environmentally sustainable and ethical products.

Some 54 per cent also believe that sustainable business practices will improve…