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While sustainability has been a key philosophy of doing business at UBS for decades, find out how it plays a core ingredient in the success of local woodworking firm Roger&Sons
In today’s business world, sustainability is no longer just a buzzword. Under the three main pillars of economic viability, environmental protection and social equity, sustainability forms the foundation of a successful business, regardless of its scale or industry. For UBS, its commitment to sustainability started more than 25 years ago and continues to be at the forefront of sustainable finance. Since then, it has been playing a unique role in directing private wealth into businesses that generate positive impact for society.
That is why the Swiss wealth manager is applauding what Singapore firm Roger&Sons is doing as a business. Director Morgan Yeo took over the family’s carpentry business in 2014 and with the assistance of his two brothers, Lincoln and Ryan, grew the modern woodworking firm from a team of five to one with more than 20 employees today. (Lincoln is the creative director, while Ryan helms the operations.) Not only has the company grown from strength to strength, but Roger&Sons is also doing its small part in giving back to the planet, making environmental sustainability a pillar of the business. In 2018, the company embarked on The Local Tree Project, an initiative to give locally felled trees a second life. Under this initiative, local trees chopped down are processed into usable timber for construction and crafting purposes.
Here, Yeo shares some of the key takeaways that he has picked up from running Roger&Sons and how they have strengthened his beliefs and philosophy of doing business sustainably.
Focus on environmental sustainability
Realising how most local trees felled are not being utilised properly and efficiently, Roger & Sons embarked on The Local Tree Project in 2018. "Good-quality wood is harder and more expensive to source for today. Trees have been harvested illegally, forests cleared and trees are no longer growing to a ripe age before being chopped down," says Yeo. "That’s why environmental sustainability is very important to our trade. We want to create a circular economy where we use resources available in Singapore instead of shipping them in from overseas."
With the project, a local timber specialist gives locally felled trees a second life by processing them into usable wooden pieces and planks before the Roger&Sons team turns them into useful products, ranging from namecard holders to dining tables. "With this project, we learn how to make full use of our own resources with minimal wastage."