In Focus

Information Technology

Alpha Bierneza

, Australia

Published:

6 months ago

Soldering

5 ways to fast-track sustainable transformation in manufacturing companies

In Singapore, only 37% of companies have implemented sustainability initiatives.

The Institute of Singapore Chartered Accountants (ISCA), Singapore Manufacturing Federation (SMF), Deloitte, and Singapore Management University (SMU) have listed five recommendations for manufacturing companies to accelerate their sustainability transformation.

To further drive sustainability transformation, the experts recommended that manufacturing companies create a C-suite position for the Chief Financial and Sustainability Officer (CFSO).

"A CFSO can help translate sustainability measurements and data into the financial bottom line," said the experts in a report.

Manufacturing companies should also integrate sustainability considerations into current operations. Doing so will ensure that sustainability initiatives and business strategies are aligned.

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