INVESTORS URGED TO AVOID COMPANIES WITH POOR ENVIRONMENTAL RECORDS
Wednesday’s awards ceremony came as hazy conditions persisted in parts of Singapore due to smoke from fires in Indonesia.
In his speech, Mr Gerald urged investors to think carefully about where they put their money, urging them to avoid companies with poor environmental records, particularly those linked to the haze.
“This applies especially to those linked to the haze, which causes massive destruction of forests and green spaces and causes harm to public health, disrupts daily life and businesses, and damages the region’s environment and reputation,” he said.
The government has named 10 companies in Indonesia that may have contributed to haze in Singapore. Of them, three have also been under investigation for their potential links to the haze in 2015.
“Investors who fund such companies, even indirectly, share some responsibility for these outcomes,” said Mr Gerald.
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