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Core G.R.A.C.E. principles can guide decision makers to drive positive climate action effectively with greater accountability
Singapore, 26 November 2021 – RHT G.R.A.C.E. Institute (“RGI”), a social enterprise under RHT Rajan Menon Foundation (“Foundation”) held its 2nd RGI Forum via a livestream broadcast. This year’s forum focused on sustainability in line with the RGI’s aim to promote an organisational culture anchored on the five core principles of Governance, Risk Management, Anti-money laundering, Compliance and Ethics/ESG.
Expert panellists at the Forum exchanged views on the recent COP26 climate talks and discussed Governance, Risk, Compliance, and Ethical issues around sustainability that will help to move the needle on global climate action.
Professor Koo Tsai Kee, Patron of RHT G.R.A.C.E. Institute, said, “Business leaders have enormous collective influence over climate action, having the ability to drive positive changes in their own operations and across their supply chains. The GRACE principles will guide them to do more and do better.”
Mr Chew Heng Ching, Chairman of RHT G.R.A.C.E. Institute, said, “As businesses begin to chart their recovery and formulate strategies for a post-pandemic future, there is no better time than the present to integrate sustainability into business plans for purposeful growth. Businesses need to take accountability for their actions and their impact on the environment, just as they would for actions that impact their bottom line.”
Mr Wee Boon Siong, Chief Executive Officer of RHT Green, said, “Businesses are expected to fill the void left by lagging environmental commitments by governments. Business leaders should take the lead on change rather than wait for the government to impose changes on them. The longer we delay ambitious climate action, the more difficult it will be to transition to a low-carbon economy.”
Earlier this year, ONE RHT unveiled its plan to achieve net zero carbon by 2030, marking the culmination of a multi-year effort to position itself as a sustainability champion in Singapore’s green economy.
A Singapore registered charity and grant-making philanthropic organisation, RHT Rajan Menon Foundation Ltd (“Foundation”) enables RHTLaw Asia LLP and the RHT Group of Companies to do right and do good through various charitable endeavours.
Named after RHTLaw Asia LLP’s Founder-Senior Consultant Rajan Menon, the Foundation was set up in 2015, and was registered as a Singapore charity by the Commissioner of Charities and a grant-making philanthropic organisation by the Inland Revenue Authority of Singapore on 16 September 2016 and 28 November 2016 respectively.
The Foundation seeks to establish, inspire and encourage the right philanthropic culture among the corporate and legal fraternity of giving back to the community in a focused, hands-on and meaningful manner. Since its inception, the Foundation has raised more than S$3 million to support beneficiaries involved in education, the environment and sustainability, disadvantaged groups as well as the arts and sports.