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Singapore CEOs are shifting focus to AI investments, deprioritising investing in sustainability initiatives

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Despite these trends, CEOs believe that technology and AI can also address significant sustainability challenges

According to a recent report from EY, around six in ten CEOs in Singapore have deprioritised sustainability over the past year, choosing instead to invest in technology to boost growth and productivity.

Mr Vikram Chakravarty, EY’s ASEAN Strategy and Transactions Leader, stressed the importance of a balanced approach. EY’s data shows that 58% of Singaporean CEOs have reduced their focus on sustainability compared to a year ago.Almost 90% of Singapore companies still value human touch despite rapid tech transformation: HSBC study

 

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Sustainability investments decline as Singapore CEOs focus on AIpstrongAbout 6 in 10 CEOs have deprioritised sustainability since last year./strong/p pDecarbonisation has taken a backseat in the investment priorities of Singapore CEOs as many have shifted their focus to artificial intelligence (AI).
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