A study of local businesses by UN Global Compact finds a three-year downward trend in transparency on sustainability goals. Three in four Singaporean firms have delayed targets or made revisions, but most say sustainability remains a priority.
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“Homeshoring”, or moving production back to a company’s home country, to counter geopolitical tensions is driving demand for low-cost migrant workers, raising labour risks in markets once deemed “low risk”, says the global assurance firm.