Businesses should take the lead in sustainability: Heng Swee Keat

Singapore

BUSINESSES should lead the way in pursuing sustainable practices, urged Finance Minister Heng Swee Keat.

"It is a matter of survival, and of stewardship," he said at the Singapore Apex Corporate Sustainability Awards last evening.

"Climate change poses a real threat for small island states like Singapore."

He noted that sustainability is similarly crucial for businesses.

"Studies show that sound sustainability standards lower a company's cost of capital, and result in better operational …