Doing good makes good business sense: 25 companies honored for stewardship leadership

Singapore – The inaugural Steward Leadership Summit on November 30th reveals the stories behind 25 worthy companies in Singapore and the Asia Pacific region. The stories capture efforts to create economic value by integrating the needs of stakeholders, society, future generations and the environment.

This list – Steward Leadership 25 (SL25) – aims to showcase the best stories of steward leadership in the Asia Pacific region. They cover large, medium and small listed companies, private or social enterprises, but all seek stewardship leadership in both strategy and execution.

StewardshipAsia Center is supporting this initiative with partners Insead Hoffmann Global Institute for Business and Society, global brokerage and solutions company WTW and The Straits Times.

Rajeev Peshawaria, Chief Executive Officer of the Stewardship Asia Center said: There was participation from many sectors including financial services, transportation, agribusiness and real estate. They are from over 10 of his countries in Asia Pacific. ”

In early 2022, companies submitted details of their efforts to a review panel.

“It is really heartening to see so many organizations striving and persisting to create lasting positive change for the environment and communities.”

A steward’s commitment to leadership starts at the top. Shaiganu, global his leader for WTW’s Executive Compensation and Board Advisory, said leaders must believe that companies are accountable to all stakeholders.

Pursuing these ESG (environmental, social and governance) priorities also makes business sense, he added.

Vinika D. Rao, Ph.D., executive director of the Insead Emerging Markets Institute, Gender Initiative, and Africa Initiative, said these examples could help other companies by shifting their focus from enhancing a company’s value to emphasizing it. I hope it inspires others. It stands for their company.

ST Editor Jaime Ho said: It’s encouraging to know and support companies’ efforts to do good for all stakeholders, especially in these times of great economic, environmental and geopolitical uncertainty. ”

The judges were impressed with the quality and scope of the submissions. Ambassador Professor Tommy Coe is delighted to say that “so many businesses in the region are acting responsibly and doing good things for their communities, sustainability and the environment.”

Munib Madni, CEO of Panarchy Partners, said inspiring stories have come not only from big companies, but also from social enterprises and small businesses.

Lily Kong, dean of Singapore Management University, said the business will range from “eco-products to medical device manufacturing, sustainable hospitality, human resources consulting and sustainable investments to support the carbon transition.”

Joanne Roberts, Dean of Yale-NUS College, says that while companies are at various stages in their stewardship journey, they make stewardship leadership part of their core activities. These activities include reducing our carbon footprint, having a positive impact on the environment, and seeking employment for marginalized communities.