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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.
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The rules will ensure safeguards are in place to strengthen labour conditions and close loopholes to curtail land grabbing incidents, says Leena Ghosh, head of human rights and social standards at the Roundtable on Sustainable Palm Oil.
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While Malaysia has pledged an ambitious 70 per cent renewable energy target by 2050, mobilising investments in the grid and utilising “quick wins” may be key to realising goals while awaiting sectoral reforms.
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Amid escalating climate losses and no net zero goal in sight, a newly proposed Low Carbon Economy Investment Act and ambitious private sector-led initiatives only way for Philippine industries to decarbonise.
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