How Asian businesses can endure like diamonds

ASIAN businesses stand at a crossroads. 

With a new administration in the US – the world’s largest economy – sustainability initiatives are facing major pullbacks. On the environmental front, there is a retreat from climate change regulations while on the social front, the attack is on diversity, equity and inclusion policies.

This trend began even earlier. Two years ago, Larry Fink, chief executive officer of BlackRock, the world’s largest asset management company, said he would no longer use the term “ESG” (environmental, social and governance) because it had been politically weaponised.