Dear Members and Friends
Just as
businesses are going to have to mitigate
climate change and resource shortages by
embracing circular economy solutions,
they are also going to have to take the
lead in reducing inequality. When they
do they’ll achieve true business
sustainability.
Your Chamber is
supporting SBF’s project on inequality
designed to answer the question what
more can businesses do to mitigate
inequality. SBF is looking for
volunteers to serve on 4 sub-committees
which are tasked with coming up with
practical ideas for businesses to
mitigate levels of inequality in our
society.
There are 4
sub-committees to choose from and SBF is
looking for 20 people for each of the 4.
I have been invited to serve on the
sub-committee for mature workers and
have agreed.
This project will
run from May 2019 until Oct 2019 and
each sub-committee is expected to meet
2-3 times. SBF will issue a report to
government and to the business community
at the conclusion of this initiative.
Please let me know by
May 2 if
you are interested to serve and, if so,
which of the following sub-committees
you prefer. I will then share your name
and email address with SBF which will
make all decisions with regards to who
serves on what sub-committee.
|
Sub-Committee
|
Definition
|
Broad Reasoning
|
|
1. Low Income
|
Monthly income per household
member <$1,200
|
Workers and youth from
low-income families tend to have
limited access to resources and
opportunities required for
economic advancement. We believe
that this is an area that
businesses can make a
difference.
|
|
2. PMET
|
Representative of the
middle-class (“middle wage”)
workforce, excluding business
owners.
|
This group tends to be
“sandwiched” in terms of the
resources they have versus the
assistance they are eligible
for. In the Singapore context,
this is also a growing group.
Hence, this group may feel
disenfranchised and their
ability to advance eroded.
|
|
3. Mature Workers
|
Persons aged 55 and older.
|
This group tends to face more
challenges in terms of skills
and retirement adequacy given
longer life expectancy today.
|
|
4. Integration
|
-
|
To cover issues that are common
across all workstreams including
societal challenges, table
stakes already in place to
address inequality, how will
inequality play out for the next
generation.
|
Thank you for your support and all the
best for a great week ahead.
Warmest regards
Victor Mills
Chief Executive
UPCOMING EVENTS
|
Leading Digital Transformation,
7 May 2019
Find out
what it takes for a Senior
Leadership Team (SLT) to lead
and successfully drive digital
transformation.
Read
more
C-suite Networking Night, 15 May
2019
All C-suite
members are warmly invited to an
exclusive networking cocktail
hosted by Swiss Club. The
reception will take place at the
elegant Rifle Lounge at its Club
House.
Read
more
SICC Circular Economy Forum, 29
May 2019
The
Chamber’s second Circular
Economy Forum this year will
showcase how member Philips, a
world-leading health technology
company, enables a rethink of
business models that can
contribute to the circular
economy.
Read
more
Diversity and Inclusion at
Shell, 11 June 2019
Ms Lyn R. Lee, Chief Diversity &
Inclusion Officer at Shell will
share insights from her
company’s journey to weave
diversity and inclusion into
their business plans.
Read
more
ATA Carnet Seminar: The
Passport for Goods, 12 June 2019
Understand how the ATA Carnet
works, and how your business can
benefit from using it. This
half-day seminar will equip
participants with all they need
to know to apply for and use the
ATA Carnet.
Read
more
SICC AGM Luncheon, 20 June 2019
Your Chamber’s AGM
Luncheon will take place on 20
June at Grand Hyatt Singapore.
The Guest of Honour is Mr Heng
Swee Keat, Minister for Finance,
and he will deliver a keynote
address and participate in a Q &
A session during the lunch.
Read
more
Making or Breaking the Future, 1
August 2019
Join us
as our guest speaker Mr Devadas
Krishnadas, Chief Executive
Officer of Future-Moves Group
shares his perspectives on
changes in demography,
technology and politics. He will
also identify emergent
challenges, opportunities as
well as implications for
governance.
Read
more
|
|
|
Special Member Privileges |
|
|
|
|
| |
| |
|
|
| |
|
15% off
Ascott,
Citadines
&
Somerset
serviced
residences
worldwide
Click for more
|
|
|
| |
|
|
|
|
| |
|
|
| Partners' Events & Initiatives |
|
|
|
|
|