The Sustainable Future Of Lending In Singapore
SME Magazine Singapore|July 2019
The Sustainable Future Of Lending In Singapore

Modern companies are waking up to the wider impact of their business on society, the economy, and the planet itself.

James Cheow

A NEW MODEL FOR PERSONAL AND SMALL-BUSINESS BORROWING

Modern companies are waking up to the wider impact of their business on society, the economy, and the planet itself. No longer is it sufficient for a business todevote its efforts purely to the bottom line – now there is a much greater focus on how it applies its values – driving all of its practices and its ability to service its client base and nurture its stakeholders. This trend is driving a longer-term, holistic outlook which is transforming businesses.

AN ETHICAL TREND

Listed companies around the world are now required to report their impact according to a range of ESG (environmental, societal, corporate governance) factors, and this trend is having a significant bearing on investment: the growth of more socially-responsible products give investors the choice to allocate funds to companies that do less harm to society or the planet. This approach acknowledges society’s changing values and also enables investors to influence outcomes by rewarding policies and practices they approve of.

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July 2019