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The Banyan Group is a brand built on contradictions. A luxury hospitality business that worries about its local working community as much as about its guests. A for-profit enterprise that that will sacrifice shareholder value for stakeholder benefit. In other words, a corporate outlier.
This corporate culture of challenging convention is a reflection of its founder Ho Kwon Ping, a Singaporean well-known for strong views on leadership and sustainability.
In this conversation he explains why he thinks that capitalism is broken, and CEOs alone will not be able to change the system. And why strong leaders should be willing to show weakness.
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Robert Swan was among the earliest non-scientists to really experience the onset of climate change first hand. In 1986 he undertook an epic 900-mile journey to the South Pole, the longest unassisted walk ever recorded. He came back a changed man with a new purpose: to save Antarctica. Hear about his experiences, and his motivations, in this in-depth conversation.
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Fehlende Folgen?
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"Frontier" markets present a promising landscape for impact investors seeking meaningful returns and societal impact. but they are also characterized by unique challenges and opportunities, The dynamism of these markets creates fertile ground for initiatives that promote inclusive growth, environmental sustainability, and social development. Successful impact investing in this environment requires collaborative models that engage local communities, governments, and private sectors. In this latest episode of Impact Investing Musings, Bradley Kopsick, Myanmar/Cambodia Country Director at Insitor, explores the dynamic potential of impact investing in frontier markets across Asia.
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With a funding gap in meeting the UN Sustainable Development Goals by 2030, Asia faces a clear imperative to leverage and mainstream blended finance. This powerful financial tool can be applied across different structures, geographies, and sectors.
Hear from Nandini Chaudhury, Principal, Head of South and Southeast Asia, CrossBoundary Group,
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In this episode of the Impact Investing Musings series, Hao Liang, Associate Professor of Finance at Singapore Management University and Co-Director of Singapore Green Finance Centre speaks about the challenges of measuring and managing impact.
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Is "impact investing" the same as "ESG investing"? Or "ethical" investing? Or "stakeholder capitalism"?
In this episode we consider how social and ethical considerations have long been a part of investment, and how those ideas have matured and evolved.
Our guest is Wai Chew Chik, CEO of Heritas Capital, a Singapore-based, multi-fund impact investing platform.
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When it comes to monitoring and assessing carbon emissions, the Science Based Targets initiative was widely seen as the gold standard in trusted and authoritative global institutions.
Until recently.
When the SBTI decided to amend some of its guidelines, uproar ensued, including within its own ranks.
In this episode Mikkel Larson, the CEO of Singapore's Climate Impact Exchange, talks about why he thinks the SBTI move was justified, and why carbon credits are a vital part of the decarbonisation mix.
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The story of Brewdog brewery is the backdrop to our discussion about purpose and sustainability goals. As Brewdog has shown, it's all well and good to make ambitious ESG claims, but sometimes things don't quite go as planned. Travin Singh, CEO of Singapore startup brewer Less & Co, talks about how he balances his commitment to purpose with the realities of running a startup.
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So Black Rock has gone weak at the knees. Again.
Its recent decision to drop its focus on ESG investing in favour of a new strategy of “transition investing” seems to be another step backwards in its commitment to the green agenda.
The decision follows the revelation, barely six months ago, that the world’s largest investor had sharply reduced its boardroom activism, and sharply dialled back its support for environmental and social-related motions at shareholder meetings.
Which in turn followed the announcement by CEO Larry Fink that he would stop using the term ESG because, he said, it had become “too divisive”.
But while the anti-everything-green activists cheer, it’s worth remembering that progress is never linear and continuous. And good ideas rarely die, they just evolve.
Which is why it’s encouraging to see a new initiative out of Singapore that provides an interesting twist to the idea, and the goals, of shareholder activism.
The Panarchy Partners Gigaton Coalition wants to change corporate behaviour not by challenging the management and the board, but by helping them.
Taking the form of a non-profit foundation that brings together investors, companies and solutions providers, the coalition’s ambitious goal is to help companies in Asia accelerate their decarbonisation trajectories, and save a gigaton of carbon emissions along the way.
Oh, and the partnering Asia Gigaton Fund will allow investors to profit from the progress.
Panarchy Partners' founder Munib Madni explains how.
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It’s probably fair to say that the finance industry has not traditionally been a hotbed of innovation.
For hundreds of years bankers and money managers have prioritised values of solidity and stability over thoughts of radicalism and experimentation.
No surprise, then, that amid the volatile and unpredictable disruption posed by climate change, the world of finance has struggled to rise to the challenge.
Thankfully that seems to be changing. The past few years has seen a rapid increase in the number of institutions and individuals joining the sustainability discourse. Some are drawn by the scent of opportunity and profit, others by a feeling of responsibility and stewardship.
Among the early movers was Munib Madni. After a successful career at Morgan Stanley Munib began to sense the tide was changing, personally and professionally. He began to immerse himself in sustainability science and theory, a process that would ultimately lead to the iteration of a new system of fund management. He called it “Panvesting”.
In this two-part conversation, Munib talks about the journey that led to the fresh perspectives and innovative systems that his new firm, Panarchy Partners, brings to the world of ESG and sustainability investing.
And in part two we address the cutting edge of this innovation – the Gigaton Coalition. It's a strategy, a platform, a call to action that brings together investors, investees and solutions providers in a bid to reduce Asia’s overall greenhouse gas emissions by one gigaton.
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In December of 2018, Malaysia’s rubber glove industry, the biggest in the world, woke up to a rude shock.
Global media had begun reporting a series of accusations about the industry’s labour rights practices, including issues of forced labour, unsafe working conditions, confiscation of worker passports, illegal withholding of wages and “mental torture”.
The reports kicked off a series of events that rumbled on for more than three years, and brought major repercussions for the industry’s biggest global players.
The issue of labour rights has been a global concern for decades, but the story of Top Glove, Kossan, Hartalega, and Supermax brought into sharp focus how worker rights issues are now a major business risk for Asian companies.
In the space of a few days the Malaysian Big 4 were singled out by Reuters, the UK’s Guardian and Australian media. Over the coming months and years the world’s biggest asset manager would take action to block the appointment of directors at Top Glove, and most significantly of all, the US government began taking action to block imports of rubber gloves from the targeted companies.
Less reported but no less important was the shocking oversights that allowed these problems to continue for so long. Those global agencies charged with monitoring workers’ conditions regularly gave the Malaysian glove industry a clean bill of health. Even the media were asleep at the wheel, until the realities were revealed by the diligence of one man.
That man was Andy Hall.
Here, he and Darian McBain discuss the ever increasing scrutiny being applied to Asian labour issues, and how other business leaders should consider their own exposure. Further readings:Clean Gloves, Dirty Practices: Debt Bondage in Malaysia’s Rubber Glove IndustryDebt Bondage Payouts Flow to Workers in Malaysia’s Glove IndustryAfter Pressure, Growing Transparency in Malaysia’s Glove Industry
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ESG is under attack. From all sides.
On this episode of Risky Business Asia we’re joined by Rajeev Peshawaria, the CEO of the Stewardship Asia Centre and author of the new book Unsustainable Sustainability - why ESG is not enough.
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On this episode, Darian and Teymoor discuss a recent article in The New Yorker that digs into the controversy surrounding South Pole – the world’s most influential climate consultancy. Did South Pole misrepresent the value of its Zimbabwean climate offset products, as The New Yorker suggests? And what lessons can comapnies learn from the issue? This episode's special guest is Marc Allen, co-founder of Unravel Carbon.
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A quick explanation of Risky Business Asia by Dr Darian McBain
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Dr Benjamin Horton, CEO of the Earth Observatory of Singapore, warns that islands like Singapore are in danger of becoming "the new Atlantis" if the 1.5 degree climate target is breached.
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Interview with Rory Sutherland, Vice Chairman, Ogilvy & Mather Group.
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Asia is developing at warp speed — but how can it do so without challenging the environment?We sit down for a full-length interview with Dr. Parag Khanna, global strategy advisor, founder of FutureMap, and author of “The Future is Asian”, to discuss what must be done to ensure that future is sustainable.
He talks about accelerating hydrocarbon markets, subsidizing large-scale solar projects, and transferring technology out of China, India, and Japan and into ASEAN countries — and, most importantly, explains why Asia doesn’t need to wait for Western powers in order to do any of these things.
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East Asian cities (Seoul is a prime example) are combining high technology with social innovation. So how can we harness this tech for the public good throughout the rest of Asia Pacific?
Sir Geoff Mulgan, former CEO of the innovation foundation Nesta, lays out a roadmap for scaling simple technology to spur development.
Now a Professor of Creative Intelligence, Public Policy & Social Integration at University College London, Geoff is a leading global thinker and consultant in the fields of innovation and social impact.
TFI sat down with him this week for his insights on how investment in social enterprise will bring Asia into the future.
