News & Insights: 25/10/2022

DBS Bank's Joyce Tee discusses the challenges of approaching ESG as Singapore's largest SME lender and Rishi Sunak MP is appointed to succeed Liz Truss MP as Prime Minister of the United Kingdom

While the unrelenting cry for businesses to adopt more sustainable practices continues to ring out, SMEs in Singapore have revealed that their top challenge transitioning to more sustainable business models is balancing ESG goals with growth targets for their business (63%). This was followed by cost pressures when deploying ESG investments (61%) and a lack of access to technical know-how and ESG specialists (60%).