Steward Leadership 25 Unveiled at Steward Leadership Summit

SINGAPORE –
Media OutReach – 21 December 2022 – Stewardship Asia Centre (SAC), INSEAD Hoffmann Global Institute for Business and Society, WTW and The Straits Times unveiled the Steward Leadership 25 (SL25), the inaugural annual listing of 25 organisational initiatives that showcased notable efforts to create a collective better future for stakeholders, society, future generations and the environment.
The 25 initiatives were honoured at the Steward Leadership Summit, which was held at Shangri-La Singapore on 30 November. The inaugural event was organised by SAC to highlight the importance of steward leadership across the Asia Pacific. Mr Chan Chun Sing, Minister for Education, Singapore, graced the event as the guest of honour and delivered the keynote address. Some 350 participants attended the event.
Steward leadership excellence demands genuine desire and persistence to pursue a corporate agenda beyond profit-making.
The 25 were selected from 95 submissions across the Asia-Pacific region. They were from diverse industries, including financial services, transportation, agribusiness and real estate. These initiatives were chosen for their steward leadership strategy and actions in creating sustainable economic value, and all 25 hold equal merit.
“A rapidly changing world reinforces the principle of taking ownership to do the right thing, and a mindset shift that is critical to driving all of us to work together towards enduring value creation for the benefit of stakeholders, society, the environment and our future generations. These organisations’ initiatives have made a difference, and I hope they will inspire others to act,” said Mr Lim Boon Heng, Chairman of Temasek Holdings, who unveiled the inaugural list at the Steward Leadership Summit.
“It is really heartening to see the efforts and persistence of so many organisations striving to create lasting positive change in the environment and community. In honouring these 25 inspirational initiatives, our eventual goal is for steward leadership excellence to be the norm instead of the exception, where every firm is committed to establishing a win-win-win outcome for employees, shareholders and society at large,” said Mr Rajeev Peshawaria, CEO of SAC.
“I hope the SL25 list will encourage other companies to look beyond their shareholders, to include their employees, customers, suppliers, and the larger communities that they operate within and be effective stewards for all. By intentionally delivering profit with purpose, responsible business leaders can prioritise the needs of current and future generations and our planet. As the recent discussions at COP 27 have highlighted, the problems that we need to solve require the combined and urgent stewardship efforts of all of us,” said Dr Vinika D. Rao, Executive Director of INSEAD Emerging Markets Institute, Gender Initiative and Africa Initiative, and Asia Director of the Hoffmann Global Institute for Business & Society.
“Progressive companies have moved past the moral imperative and are realising the tangible business benefits. WTW is proud to be associated with this list of SL25 so that we can help shine the spotlight on progressive companies, across various sectors and sizes and company types, that are role models for balancing purpose, profits, people and planet,” said Mr Shai Ganu, Managing Director and Global Leader of the Executive Compensation & Board Advisory at WTW.
“At The Straits Times, we have been covering developments in Singapore, Asia and the world since 1845, helping our readers understand events around them. Especially at this time of significant economic, environmental and geopolitical uncertainty, it is heartening to learn of and support the efforts of companies which aim to do good for all their stakeholders,” said Mr Jaime Ho, Editor of The Straits Times, SPH Media Trust.
Mr Frank E. Mars, Board Chair and Advisor, Strategic Programs, Mars, Incorporated, joined the summit virtually. He highlighted the role of corporate organisations in solving today’s existential challenges, based on his discussion theme with Mr Peshawaria, “Successful Stewardship Requires More Than a Purpose.”
Mr Jaime Alfonso Zobel de Ayala, Head of Business Development and Digital Innovation, Ayala Corporation, explained how the Philippine conglomerate balanced profit and purpose.
Ms Erika Cheung, Co-Founder and Executive Director, Ethics in Entrepreneurship, and a former Theranos employee, talked about her courage to speak out and highlighted the importance of corporate ethics.
Ms Aw Kah Peng, Chairman of Shell Companies in Singapore, Mr Bey Soo Khiang, Vice-Chairman at RGE and Chairman of APRIL Group, and Mr Edward Booty, reach52’s CEO, tackled the issue of whether “Can Addressing Existential Challenges Be Profitable?” The panel discussion was moderated by Mr Munib Madni, Founding Panvestor and CEO, Panarchy Partners.
In the second panel, Professor Tommy Koh, Ambassador-at-Large, Ministry of Foreign Affairs, Singapore, Dr Vinika D. Rao, Mr Jamie Ho and Tan Sri Dr Rebecca Fatima Sta Maria, Executive Director, Asia-Pacific Economic Cooperation Secretariat, Singapore, shared the key highlights from the SL25 initiatives. Mr Shai Ganu was the moderator.
The SL25 initiatives and their companies
(in alphabetical order) are:

Initiative Title

Organisation

Industry

Geography

Category

1

Improving the livelihoods of motorcycle taxis

Angkas

Transportation

Philippines

SME

2

Transforming workplaces for gender inclusion

Avtar Group

Human Resource Consulting

India

SME

3

Steering a collective Covid-19 response

Ayala Corporation

Conglomerate

Philippines

MNC

4

Climate action through voting and engagement

BNP Paribas Asset Management

Financial Services

Singapore

MNC

5

Innovating sustainability for the built environment

CapitaLand Investment Limited

Real Estate

Singapore

MNC

6

Constructing collaborative spaces to empower sustainability

City Developments Limited

Real Estate

Singapore

MNC

7

A different kind of bank

DBS Bank Limited

Financial Services

APAC

MNC

8

Fuelling growth with renewables, community art

Faber-Castell AG

Writing and Colouring Instrument

APAC

MNC

9

Producing dairy through sustainable farming

Farm Fresh Berhad

Food and Beverage

Malaysia

MNC

10

A work-integration model for social inclusion

Foreword Coffee Pte. Ltd.

Food Services

Singapore

Social Enterprise

11

Providing work opportunities for disadvantaged groups

Genashtim Pte. Ltd.

Corporate Services

Singapore

Social Enterprise

12

Scaling sustainable impact through ecosystem management

GUAVA Amenities

Hospitality and Travel

APAC

SME

13

Protecting Java’s coffee and primate landscape

Mandai Wildlife Group

Conservation and Education

Indonesia

SME

14

Equipping farmers with sustainable agricultural methods

Marico Limited

Consumer

India

MNC

15

Ahead in net positive carbon and gender equality

Mirvac Group

Real Estate

Australia

MNC

16

Enabling financial well-being for low-income households

Noburo Platform Co., Ltd.

Financial Services

Thailand

Social Enterprise

17

Driving the green movement

Oversea-Chinese Banking Corporation Limited

Financial Services

Singapore

MNC

18

Addressing health access in rural areas

reach52

Healthcare

APAC

Social Enterprise

19

From tin-mining wasteland to sustainable township

Sunway Group

Conglomerate

Malaysia

MNC

20

Enabling communities through technology

Tata Consultancy Services

Technology

Singapore

MNC

21

Creation of bioplastic from farm-led innovation

Thai Wah Public Company Limited

Agribusiness

Thailand

MNC

22

Creating plant-based food, PWD opportunities

The Social Kitchen Pte. Ltd.

Hospitality

Singapore

Social Enterprise

23

Bio-innovation for food security and sustainability

UAL Biotech Pte. Ltd.

Agribusiness

APAC

SME

24

Directing capital towards UN SDGs

UBS AG

Financial Services

APAC

MNC

25

Collaborating to drive a sustainable ASEAN

United Overseas Bank Limited

Financial Services

APAC

MNC

Hashtag: #StewardLeadership25

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