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.
To read the full article , please click here
Source: https://www.www.www.businesstimes.com.sg ©. Permission required for reproduction.
We are an award winning South East Asia Focused private equity firm, investing in lower mid-market space. Owned and managed by Southeast Asian professionals with multi-year track record of successful investments. We are the private equity arm of Dymon Asia Capital