Commentary

New breed of business leaders needed to make ESG work

Around the world, major corporations are waking up to the risks and opportunities tied to ESG. ST PHOTO: DESMOND WEE
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SINGAPORE - A decade ago, the issue of ESG, or environment, social and governance factors, used to be a vague and peripheral topic of conversation at management meetings and corporate seminars.

Following more than two years of pandemic-caused disruptions, it has suddenly become front and centre of corporate management practice. Today, investors, policymakers and other key stakeholders regard it as an essential element to safeguard businesses from future risks.

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