How sustainability can help companies to stay relevant and capture opportunities

June 1, 2022

Other companies are intensifying their corporate R&D activities and making significant investments in sustainability-focused innovations to capture new opportunities. Penguin International Limited, a Singapore designer-builder-owner-operator of aluminium high-speed craft, is strengthening its portfolio of sustainable, green vessels, including retrofitting their ferries with solar installations and developing Singapore’s first hybrid-electric seagoing vessel. This has allowed Penguin to capture demand for more sustainable vessels, with contracts to construct hybrid-electric vessels, as well as a contract with Shell to develop Singapore’s first fully electric passenger ferries.

So rather than just being an additional cost or compliance factor, we see sustainability as a new capability that can help enterprises achieve business outcomes in the long run. And it is very encouraging to see many businesses beginning to recognise that their long-term success is inextricably tied to sustainability.

 

 

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