SINGAPORE (Dec 9): The efforts to promote sustainability in the financial community is gaining momentum. However, companies and their investors continue to debate whether being sustainable is profitable.

James Gifford, Credit Suisse’s head of impact advisory, citing a 2015 meta-study of 2,200 other studies by the University of Hamburg, notes that 55% of the studies show a positive correlation between being sustainable and having a higher share price, 37% report a neutral correlation and just 8% indicate a negative correlation. Accordingly, there is a good business case that sustainability pays, says Gifford at a recent forum on sustainable investing organised by The Edge Singapore.

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