Singapore firms need to start combining climate- and nature-related financial disclosures
With the impending twin crises of climate change and biodiversity loss, companies can’t solve one without dealing with the other
CLIMATE change has taken centre stage for the past decade.
In response to the climate crisis, and partly driven by legislation, more companies have begun to address their impacts by measuring their carbon footprint and setting science-based targets to achieve net-zero carbon.
Yet, we need a greater sense of urgency. Every industry directly or indirectly depends on nature, and industry value chains that at least moderately depend on nature generate over half of global gross domestic product (GDP).
