Aitken Spence in midst of shifting operations towards low-emission economy

Aitken Spence PLC, a leading blue-chip conglomerate, said that while it is looking to continue to invest in growth industries, it would continue to do so by taking into account the importance of climate change-related risks and opportunities faced as a company and a country.

“We are working to shift our operations towards a low-emission economy,” the company said in its latest annual report.

Aitken Spence said the Group continues to identify sustainability-related risks and opportunities required by the International Financial Reporting Standards (IFRS) to keep in line with the governance frameworks that are stipulated for the future, the company said in its latest Annual Report.

“We have completed a risk analysis of our business segments. Based on this analysis and the current state of our 16 business segments, we are actively developing a customised transformation strategy for each segment,” the company said.

Aitken Spence noted it is undergoing a strategic transformation to address risks from technological advancements and competitive trends. 

This initiative focuses on four key objectives: strengthening core business areas, exploring innovative ventures, enhancing operations through digitalisation and sustainability, and fostering a culture of adaptability. 
With the first phase reaching completion, the Group is now progressing with the second phase.