Steve Lee's comment on PSP. All Comments
Edward Lee
dont really understand this, can help to elaborate more?
Like · 4 weeks · translate
Steve Lee
basically, PSP is joining Shell’s programme to offset the carbon emissions from the fuel they use
Like · 3 weeks · translate
Jason Ong
ok wor, can boost ESG score
Like · 3 weeks · translate
Pepo
no much financial impact on the news, but could improve the image of the company
Like · 3 weeks · translate
Fabian
@pepo sometimes companies with good esg score easier to secure cheaper financings
Like · 3 weeks · translate
Steve Lee
participation in programmes such as CCP could serve as a stepping stone for deeper sustainability initiatives, including potential diversification into cleaner fuel alternatives or hybrid energy solutions. While carbon compensation is not a permanent solution to emissions, it represents a practical interim measure for companies like PSP Energy to take accountability today while preparing for a lower-carbon future.
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Like · 5 days · translate
Pepo
i see, but is ESG track record actually that important for the company?
Like · 4 days · translate
Edmond Khor
@pepo can be quite important sometimes, companies with good ESG track record often get better deals when it comes to financing
Like · 4 days · translate
Ketchup
yeah as some banks and lenders may offer better terms to companies with solid ESG
Like · 2 days · translate
Master Academy
some client also prefer or require ESG-compliant vendors, so they can get more partnerships or contracts
Like · Yesterday · translate
Luke Low
yea true, ESG is the trend of recent years, some companies/investors will avoid non-ESG companies at all cost one
Like · Yesterday · translate