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Investors need a clearer way to measure and value resilience as Asia faces rising climate risks, according to Singapore's financial regulator, with the absence of a common metric making adaptation harder to finance at scale.
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.
The tool launches as companies struggle to measure and report Scope 3 emissions due to a lack of established methodologies.
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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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China has built an extensive framework for regulating AI risks – challenging perceptions that global governance must begin …
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