Tan Thai Yong, who also helms an alliance of companies paving the way for the electrification of harbour craft in Singapore’s waters, tells Eco-Business about the challenges in pursuing low-carbon solutions for sea logistics. A one-year trial for e-supply boat deliveries will kick off next month.
After taking into consideration how climate risks could impact its balance sheets, the Malaysia-based company diversified its businesses from the oil and gas sector and pivoted to green renewables. What lies behind the decisions it made?