Businesses with a well-executed environmental strategy will have an edge over others, as they would have stronger consumer branding, better relations with stakeholders and a greater readiness for a resource-constrained future. Speaking at the Responsible Business Forum on Sustainable Development yesterday, Second Minister for the Environment and Water Resources Grace Fu made this point as she called on businesses to work alongside the Government to ensure economic development does not come at the expense of the environment. She said environmental sustainability has to be featured in business decisions and discussed in boardrooms. “You’ll find that many of the good tips to conserve energy and water do not require many resources. It requires a change in processes,” said Ms Fu, who is also Minister in the Prime Minister’s Office (PMO). She suggested, for instance, that a company’s management team take the lead in monitoring energy and water consumption so employees could follow suit and reduce wastage. WWF Singapore’s CEO Elaine Tan, who was also speaking at the forum, urged businesses to take bold action in the name of sustainable development.... Continue Reading