Sustainability in Business: Trend or Necessity? [Chills 196 Sponsored by UOB]

We explore the topic of sustainability and how SMEs approach this theme. We sat down with business leaders from different industries to discuss their perspectives, as well as opportunities and challenges surrounding sustainability.Beyond reducing their carbon footprints, we also touched on long-term business growth. You'll hear their candid reflections on how their sustainability journeys began, whether initially driven by opportunities or external factors. We also address a common concern –how can businesses balance sustainability efforts with profitability? Gather insights from UOB's recent study on rising costs, market expansion, and more. Take away practical advice, tools and resources available to SMEs to get started on building sustainable businesses. We also discuss what sustainability reporting and planning for the future could mean for your company in the years ahead. Join us for an informative discussion on this topic. For more information on UOB’s recent study: https://go.uob.com/4gSi0rA 00:00 - Intro 00:57 - Guests' Introduction 05:52 - How do you balance sustainability with business growth? 10:16 - What does sustainability look like in practice for you? 24:38 - How do sustainability efforts impact consumer choices and business differentiation? 29:22 - What advice would you give competitors struggling to implement sustainability while barely surviving? 32:42 - When should SMEs start focusing on advanced business strategies? --- Welcome to The Financial Coconut, your source for empowering financial knowledge and unlocking possibilities. Join us as we explore personal finance, investing and more. Get ready to take control of your financial future and live your best life, financially wise: https://linkin.bio/thefinancialcoconut [Podcast, Vodcast] Spotify: https://rebrand.ly/TFC-spotify Apple Podcast: https://rebrand.ly/TFC-applepodcast YouTube: https://rebrand.ly/TFC-youtube [Connect with us] Instagram: https://rebrand.ly/TFC-instagram Tik Tok: https://rebrand.ly/TFC-tiktok Telegram: https://rebrand.ly/TFC-telegram Whatsapp: https://rebrand.ly/TFC-Whatsapp-channel Newsletter: https://rebrand.ly/TFC-Newsletter Disclaimer: The content discussed in this episode is intended for educational purposes only and should not be considered as financial advice. The information provided is based on our understanding at the time of recording and may not reflect the current regulations or market conditions. The opinions expressed by guests are their own and do not necessarily represent those of The Financial Coconut. Please do your due diligence before making any investment or financial decisions. Help us get to know you better: http://bit.ly/thefinancialcoconut-survey Hosted on Acast. See acast.com/privacy for more information.