Do business managers in Singapore consider sustainability a sustainable proposition - construing the perception to overcome challenges?
by Easwaramoorthy Rangaswamy; K.S. Raghuram; Shubhra Shukla
International Journal of Public Sector Performance Management (IJPSPM), Vol. 6, No. 2, 2020

Abstract: Many corporate managers perceive reporting on sustainability as a waste of time and money. An attempt is made to find if such perception has changed ever since Singapore Stock Exchange (SGX) introduced sustainability reporting of environmental, social and governance factors on a 'comply or explain' basis in June 2016. It also analyses the challenges faced while adopting sustainability. It is hypothesised that sustainability holds no significance for business executives post Singapore Stock Exchange guidelines on sustainability reporting. Secondly, it is hypothesised that there are specific challenges in implementing sustainable business practices. Lastly, it is hypothesised that sustainable measures have had a significant impact. It is found that most organisations and individuals perceive sustainability as an essential requirement for businesses considering the threat that rapid urbanisation is posing to the environment and all life forms and it is now an imperative strategy since the unveiling of Singapore sustainability reporting requirements.

Online publication date: Mon, 20-Apr-2020

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