Continue reading this on our app for a better experience

Open in App
Home News Management & Corporate Governance

ComfortDelGro, SBS Transit and Vicom set up board sustainability committees

Atiqah Mokhtar
Atiqah Mokhtar4/30/2021 05:48 PM GMT+08  • 1 min read
ComfortDelGro, SBS Transit and Vicom set up board sustainability committees
CGD says the move underscores the group's commitment towards ESG issues and performance.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

ComfortDelGro (CDG), along with its listed subsidiaries SBS Transit and Vicom have announced that board sustainability committees have been set up at each company, as part of the group’s commitment towards environmental, social and corporate governance (ESG) matters.

In a media release dated April 30, the group states that the sustainability committees will “provide board oversight on strategic and investment decisions related to sustainability”.

With the introduction of the new committees, both CDG and SBS Transit will now have five board committees each while Vicom will have three.

SEE:RHB remains optimistic on Singapore's economic growth post cabinet reshuffle

CGD’s sustainability committee is chaired by independent director Jessica Cheam, who is also managing director of Eco-Busines, a business intelligence firm dedicated to sustainable development.

Lim Jit Poh, Chairman of CDG, says the move is timely as ESG issues now figure in all decision-making processes within the group. “By introducing a board-level committee, we are making it clear that we do not take ESG matters lightly,” he says.

Shares in CDG, SBS Transit and Vicom closed at $1.72, $3.16 and $2.18 respectively on April 30.

Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.