NUS study: ESG assessments overlook forest loss

Environmental sustainability researchers at NUS found that widely used Environmental, Social and Governance (ESG) ratings often fail to reflect companies’ actual exposure to deforestation, highlighting the need to integrate satellite-based environmental data into sustainable investing frameworks. Published in the Proceedings of the National Academy of Sciences of the United States of America (PNAS) on 14 September 2026 , the study was led by Associate Professor L. Roman Carrasco from the Department of Biological Sciences , and conducted in partnership with Research Fellow Ms Yingtong Zhu, and