Singapore improving strength of sustainability related regulation
Singapore has made mandatory the measurement and management of energy and waste for sizable corporates by 2013 and 2014 respectively. The Energy Conservation Act will require energy consumers of over 15 GWhs per year to annually report on their energy use and GHG emissions, develop energy efficiency improvement plans and hire an energy manager responsible for reporting, implementation of energy efficiency programmes and training employees on energy conservation matters.
Furthermore, a speech by the Minister for the Environment and Water Resources, announced plans to amend the Environmental Public Health Act to make reporting of waste production at all hotels with over 200 rooms and all malls with over 50,000 square feet of rental space mandatory by 2014.
UN Chief urges more companies to embrace business sustainability ideals
UN Secretary-General Ban Ki-moon in his address to a gathering in New York entitled ‘KPMG Summit: Business Perspective for Sustainable Growth’ urged companies to pursue business sustainability ideals. He emphasised the need for ‘corporate sustainability to be in the DNA of business culture and operations’ in a world where global prosperity, productivity and stability was at stake with most ecosystems in decline, widening social inequality and climate change.
This UN News Centre release has more on his speech.