Tembusu Partners and Eco-Business announces new ESG partnership
Singapore-based Tembusu Partners has taken an equity stake in Eco-Business and will be supporting the organisation in expanding its ESG activities across Asia Pacific.
Environment, social and governance (ESG) issues have been on the rise globally in recent years, fuelled by rising concerns over complex trans-national issues such as climate change, resource scarcity, pollution, exploitation of labour, supply chain management and rising inequality.
The global pandemic crisis triggered by Covid-19 has also pushed ESG issues into the mainstream as investors wake up to a more sustainable approach to investment.
With this new partnership, Eco-Business founder and managing director Jessica Cheam, and executive director Junice Yeo, who is based in Beijing, will join the Tembusu team as ESG venture partners.
“Covid-19 has highlighted that crucial relationship between humanity and our natural world. For far too long, people and ecosystems have been exploited to the detriment of the long-term resilience of our global society. ESG has moved from a fringe issue into the mainstream and governments and companies must urgently look at it,” said Jessica Cheam, founder and managing director of Eco-Business.
Established in 2009, Eco-Business is an independent media and business intelligence company dedicated to sustainable development and ESG performance.
“ESG initiatives are no longer perceived as a cost centre but rather, as a competitive advantage. We are pleased to partner Jessica and the Eco-Business team to leverage on their expertise to further strengthen Tembusu’s capability in this space,” said Andy Lim, founder and chairman of Tembusu Partners.
“We warmly welcome Jessica Cheam and Junice Yeo as ESG venture partners of Singapore and China respectively,” he added.
Read the press release here.
Read more at Eco-business.com here.