• Register
Return to: Home > News > Regulation > Singapore pushes sustainability reporting

Singapore pushes sustainability reporting

The Singapore Exchange (SGX) has issued a draft sustainability reporting policy statement and guide intended to encourage more companies to adopt sustainability reporting in Singapore, where it is currently voluntary.

The SGX suggested that as more companies adopt sustainability reporting, it will be natural to evolve from guidelines to standards and rules.

The SGX policy statement on sustainability reporting details principles for listed companies to follow. These include:

  • Company boards are responsible for matters of sustainability;
  • Environmental, social and governance considerations are important for the long term performance of a company;
  • Companies should use appropriate reporting standards for their industry and circumstances;
  • No single standard is advocated, although the Global Reporting Initiative’s Sustainability Reporting Guidelines are singled out as a globally recognised standard;
  • Applying global standards is important for cross-jurisdictional comparability and gives confidence that SGX-listed companies aim to achieve global best practices.

The SGX is seeking feedback on the draft sustainability reporting guide and policy statement by 29 October.

 

Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.