Take ESG commitments seriously, Sias conference panel urges companies
Changes will necessitate a mindset shift across all levels as firms open themselves up to liability if they make pledges they cannot keep, says MAS executive director
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COMPANIES may be paying more attention to environmental, social and governance (ESG) disclosures today, but industry players said they need to be prepared to follow through on their commitments.
"Companies who are unable to meet the needs of both their investors and their other key stakeholder groups are going to face an existential threat to their own survival if they don't actually apply their minds to it," said Abigail Ng, executive director and head of the corporate finance and consumer department of the Monetary Authority of Singapore (MAS).
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