Stocks Pivoting to Sustainable Solutions Lead The Straits Times Index STI in 2023 YTD
With global focus to a lower carbon and more climate resilient future, multiple Singapore-listed stocks have continued to press ahead with pivots to sustainable energy which include solar and wind assets, or more fuel-efficient transportation solutions. The 3 strongest constituents of the STI, Sembcorp Industries, Keppel Corporation and Yangzijiang Shipbuilding have averaged 46.5% total returns year-to-date. The trio have all pivoted to more sustainable infrastructure or more fuel efficient solutions.