50 shades of green

Phang: Senior management and boards of directors should develop sound ESG management programmes.

EARLY this month, a United Nations-backed panel of climate scientists and economists raised the concern that a gush of money is being poured into fossil fuels while little is being channelled into clean energy.

The panel warned that finance is both driving the climate change problem and at the same time being a “critical enabler” in the energy transition.