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Managing climate risk remains a growing priority for Asian SMEs; most willing to allocate 20% of budget to ESG efforts

Felicia Tan
Felicia Tan • 2 min read
Managing climate risk remains a growing priority for Asian SMEs; most willing to allocate 20% of budget to ESG efforts
The DBS building at Singapore's Marina Bay Financial Centre. Photo: Bloomberg
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An e-book by DBS, the Catalysts of Sustainability, found that managing climate risk remains a priority among Asian companies. The findings were a result of an inaugural survey conducted among 800 small- and medium-sized enterprises (SMEs) across six markets in Asia in August 2022.

In the book, studies found that 83% of companies polled viewed environmental, social and governance (ESG) as a high priority and were willing to allocate about 20% of their budget within the next three years towards ESG projects. The figure was up from 18% currently.

According to DBS, the e-book aims to identify the challenges that SMEs encounter across five key industries and highlight opportunities that can enable their shift to a low-carbon economy.

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