Stephen Beng – Head, ESG Strategy, Phillip Capital Management (S) Ltd
Stephen Beng spearheads sustainable investing strategy for Phillip Capital Management. He leads development and deployment of the ESG integrated investment framework for both the firm and group. He is also responsible for
ESG research and risk management processes that affirm Phillip’s stewardship commitments and assert positive planetary outcomes from the flow of its funds.
Prior to the appointment, Stephen championed nature conservation, environmental sustainability and social justice in business, industry, military and civil society over the last 20 years. He held leadership roles in several financial services firms with experience as relationship manager, product developer and communicator. Concurrently, he chairs the Friends of Marine Park Community - a public-private-people partnership that promotes
stewardship of Singapore’s natural blue spaces through multi-sectoral stakeholder contributions in research, conservation and education .
Fireside Chat – Implications Of The High Sea Treaty
The Biodiversity Beyond National Jurisdiction Treaty Agreement (BBNJ), commonly referred to as The High Seas Treaty, marked a significant achievement in the realm of biodiversity conservation and sustainable utilisation beyond national borders when it was made available for signature during the United Nations General Assembly High-Level Week in September 2023. It addresses regulatory gaps in the protection of the marine environment and resources in the high seas and deep seabed, which has hitherto been fragmented across various sectoral and regional bodies.
As of 2 November 2023, 82 countries have signed the BBNJ Agreement which shows a high level of international commitment to the BBNJ process. This is particularly important for Small Island Developing States (SIDS) like Singapore that depend on the oceans and their biodiversity for our livelihoods. It also marks a significant step forward for the implementation of Sustainable Development Goal 14 – in particular, to conserve and sustainably use the oceans, sea and marine resources for sustainable development.