Sustainability Reporting

Singapore Exchange (SGX) will be making it compulsory for listed companies to publish their sustainability report as companies were not responsive when sustainability reporting was voluntary. By increasing transparency of companies’ impact on the environment, it puts pressure on companies that are not sustainable to be at least on par with those greener companies so as to not lose investors’ confidence. According to the chief executive of SGX, sustainability reporting is part of foreign investors’ consideration when investing companies in this region. As such, this practice is also beneficial to Singapore’s global economic performance.

Credit: The Business Times

Enabling CSR Journeys

Companies who find sustainability reporting challenging or confusing may be glad to know that there is a one-stop resource portal to guide them. There are also plans to nurture a group of business leaders who will inspire and lead others in the industry to adopt sustainability practices.