Our Chief Stewardship and Well-being Governance Officer, Yuelin Yang, presented at the 2023 Global ESG (Environmental, Social, and Governance) Forum in Singapore on 28 July 2023. The event was organised by the International ESG Association, Korea University ESG Research Institute, APRU, E2S2, and National University of Singapore.

In alignment with the event’s key theme “Pursuing Sustainability through ESG”, Yuelin shared IMC Pan Asia Alliance’s ongoing journey on decarbonising, increasing our ESG-related efforts, and impact investing.

He also highlighted the 5 “C’s that he believes drive companies to proactively embrace ESG. Here’s what the conversation should focus on to accelerate the transition towards a sustainable future:

Yuelin also highlighted the sixth “C” that is often not discussed: Cost. Decarbonising operations and products typically entail increased capital expenditures (capex) and operational expenditures (opex) for companies. Therein lies two choices: either constrict margins and reduce shareholder returns, or shift the costs to consumers.

As a purpose-driven investment holding company, we have evolved alongside Asia’s changing needs. From investments into food, healthcare, and education across Southeast Asia, to pioneering efforts to explore sustainable innovations for the maritime industry — we are committed to working with our partners and communities to make a positive impact while fostering sustainable development.

“Tackling ESG issues requires a holistic ecosystem approach with businesses, governments, the financial community, consumers and academia working in synergy,” said Yuelin at the forum. “Each stakeholder plays a vital role, and collective action is necessary to address the complex realities around ESG and sustainability efforts and accelerate progress.”